Business Mexico

More

  • SAO PAULO/ MEXICO CITY, July 29- The Brazilian real strengthened on Friday, closing 1.63 percent higher against the dollar as the country's central bank refrained from intervening to curtail a rally triggered by lower expectations of U.S. rate increases this year. Also boosted by the U.S. data, the Mexico peso gained 0.69 percent to close at 18.76 pesos per dollar.

  • MEXICO CITY _ Amer Movil on Thursday reported second-quarter profit of $426 million. Amer Movil shares have dropped 16 percent since the beginning of the year. Keywords: Amer Movil, Earnings Report.

  • July 28- TransCanada Corp, Canada's second-largest pipeline company, reported on Thursday a slightly higher-than-expected quarterly profit, and said the process of seeking buyers for the sale of some of its assets was well under way. The Calgary- based company is marketing an up to 49.9 percent stake in a package of six Mexico pipelines, excluding the recently...

  • GUADALAJARA, Mexico _ Grupo Aeroportuario del Pacifico SAB de CV on Thursday reported second-quarter earnings of $30.9 million. On a per-share basis, the Guadalajara, Mexico- based company said it had profit of 55 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MONTERREY, July 27- Mexico's Cemex still has around $400 million of non-productive assets identified that it could sell as part of its divestment plan, Chief Executive Fernando Gonzalez said on Wednesday. The company earlier on Wednesday said it would sell assets worth up to $2 billion in 2016 and 2017, above a previous goal of $1 billion to $1.5 billion, after a...

  • MONTERREY, July 27- Mexico's Cemex still has around $400 million of non-productive assets identified that it could sell as part of its divestment plan, Chief Executive Fernando Gonzalez said on Wednesday.

  • SAO PAULO, July 27- The Brazilian real and Bovespa stock index were stable on Wednesday, after a session in which traders were attentive to a meeting of U.S. Markets were mostly untroubled by news that Japan will announce a $265 billion stimulus package next week, ramping up pressure for the central bank to announce complementary monetary easing following a...

  • MEXICO CITY _ Grupo Financiero Santander Mexico SAB de CV on Wednesday reported second-quarter net income of $197.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MONTERREY, Mexico _ Fomento Economico Mexicano SAB on Wednesday reported second-quarter net income of $269.5 million. The Monterrey, Mexico- based company said it had profit of 74 cents per share. The Coca-Cola bottler posted revenue of $5.23 billion in the period.

  • GARZA GARCIA NUEVO LEON, Mexico _ CEMEX SAB de CV on Wednesday reported second-quarter earnings of $205.4 million. On a per-share basis, the Garza Garcia Nuevo Leon, Mexico- based company said it had net income of 16 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MEXICO CITY _ Coca-Cola FEMSA SAB on Wednesday reported second-quarter earnings of $110.7 million. Coca-Cola FEMSA shares have increased 11 percent since the beginning of the year. Keywords: Coca-Cola FEMSA, Earnings Report.

  • decision@ SAO PAULO, July 26- The Brazilian real appreciated and the Mexican peso was stable on Tuesday, ahead of a policy decision by the U.S. Mexico's stock index fell 0.43 percent, dragged down and retailer Wal-Mart de Mexico. A slight dip in Brazil's benchmark Bovespa index was led by a drop in the shares of oil giant Petrobras and banks.

  • Texas- based Anadarko raised the mid-point of its full-year sales volume forecast by 2 million barrels of oil equivalent on increased sales from Gulf of Mexico, Delaware and DJ basins. Net loss attributable to Anadarko was $692 million, or $1.36 per share, in the second quarter, compared with a profit of $61 million, or 12 cents per share, a year earlier.

  • SAN PEDRO GARZA GARCIA, Mexico _ Grupo Aeroportuario del Centro Norte SAB de CV on Monday reported second-quarter earnings of $24.7 million. Grupo Aeroportuario del Centro Norte shares have risen 27 percent since the beginning of the year. Keywords: Grupo Aeroportuario del Centro Norte, Earnings Report.

  • CELAYA, Mexico _ Industrias Bachoco SAB de CV on Monday reported second-quarter profit of $86.5 million. On a per-share basis, the Celaya, Mexico- based company said it had profit of $1.73. This story was generated by Automated Insights using data from Zacks Investment Research.

  • GUADALAJARA, Mexico _ Grupo Simec SAB de CV on Friday reported second-quarter profit of $98 million. The Guadalajara, Mexico- based company said it had profit of 61 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MEXICO CITY, July 22- At least half the land needed to create Mexico's new special economic zones is not federally owned, and will need to be acquired in some way, the official assigned to develop them said on Friday, ruling out expropriations. In May, President Enrique Pena Nieto signed a new law targeting underdeveloped states in southern Mexico that aims to offer...

  • President Barack Obama(R) meets with Mexican President Enrique Pena Nieto in the Oval Office of the White House in Washington, DC on July 22, 2016.

    Standing next to his Mexican counterpart, Obama slaps back at Republicans, saying the U.S. "values tremendously our enduring partnership with Mexico."

  • Mexico has cooperated on securing border: Obama

    President Obama addresses efforts and cooperation by Mexico to deal with border issues, in a joint press conference with Mexico President Enrique Pena Nieto.

  • Mexico president on working with US

    Mexico President Enrique Pena Nieto discusses the dialogue between U.S. and Mexico on security and enhancing productive chains between the countries, in a joint press conference with President Obama.