Business Mexico

  • SANTIAGO CUAUTLALPAN, Mexico— Mexicans have been brewing pulque from the juice of cactus-like maguey plants for centuries, but the viscous, beer-like beverage fell out of favor starting in the 1970 s as pulque got a bad reputation as a peasant's drink. The Aztecs of Mexico's central highlands revered pulque, pronounced POOL-kay, reserving it for the highest...

  • MEXICO CITY/ MADRID, Dec 6- Mexican tycoon Carlos Slim and construction firm ICA will bid jointly to build a $3.5 billion terminal for Mexico City's new airport, and no longer face competition from Spanish rivals Ferrovial and Dragados, people familiar with the matter said. Reuters reported in October that a consortium led by Carso Infraestructura y...

  • WASHINGTON— After meeting with Donald Trump on Tuesday, Japanese tech billionaire Masayoshi Son said he will invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs over an unspecified time period. Last week, the president-elect spoke at the Carrier furnace plant in Indianapolis after the company announced plans to...

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on U.S. officials on Tuesday not to let Taiwanese President Tsai Ing- wen pass through the United States en route to Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the...

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on the United States on Tuesday not to let Taiwan President Tsai Ing- wen transit there when she visits Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the formal...

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on the United States on Tuesday not to let Taiwan President Tsai Ing- wen transit there when she visits Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the formal...

  • MEXICO CITY, Dec 5- Fresh off a historic tie-up with Australia's BHP Billiton Plc, Pemex is aiming for more than five additional joint ventures with other major producers over the next two years, the chief executive officer of the Mexican state oil firm said on Monday. Pemex already plans four shallow water and onshore tie-ups next year, and Pemex CEO Jose Antonio...

  • MEXICO CITY— Mexico has increased its minimum wage to just over 80 pesos a day, though its dollar value is down due to the peso's devaluation. Since then, Mexico's peso has declined from 17.35 for $1 to 20.56 for $1, as of Monday. Manufacturing wages in Mexico average about $2.10 an hour in Mexico, compared to $20.60 per hour in the U.S.

  • Gregory Hayes, CEO of United Technologies

    Jim Cramer spoke with United Technologies CEO Greg Hayes on what President-elect Donald Trump requested of him at Carrier last week.

  • MEXICO CITY— Mexico's state-owned oil company Pemex said Monday that it has awarded its first contract with a private firm for a joint operating agreement in deep-water oil drilling. The Trion field is near Mexico's maritime boundary with the United States in the Gulf of Mexico and is believed to hold the equivalent of 485 million barrels of oil.

  • LA PARADA, Colombia, Dec 5- Women from crisis-hit Venezuela are crossing the border in droves and selling their hair in a Colombian border town in order to afford scarce basic necessities such as food, diapers or medicines. Dozens of middlemen, known as "draggers," stand on a bridge linking San Antonio, Venezuela, to Colombia's La Parada, calling out: "We buy hair!"

  • Farmers looking to Trump for some help

    Workers on farms worry things could get tougher if Donald Trump does away with the NAFTA agreement.

  • MEXICO CITY, Dec 5- A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what the industry sees as the world's "last great proven frontier." "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan...

  • MEXICO CITY, Dec 5- A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what the industry sees as the world's "last great proven frontier." "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan...

  • San Antonio Fire Department spokesman Woody Woodward says that when the plane landed Sunday afternoon its nose gear collapsed. Skywest Airlines said Skywest Flight 5588 operating as United Express from Houston to Monterrey, Mexico, diverted to San Antonio after the crew got a gear indication. Skywest says there were 51 passengers and four crew members...

  • Immigrants from Central America await transport from the U.S. Border Patrol on August 17, 2016 in Roma, Texas.

    Migrants seeking shelter from violence in their countries are heading to the U.S./Mexico border in droves, NBC reports.

  • In this Sept. 7, 2014 photo, new pipelines to carry gas from Texas to Mexico, eventually reaching the city of Guanajuato, are laid underground near General Bravo, in Nuevo Leon state, Mexico.

    Amid all the talk about border security and NAFTA renegotiation, natural gas is the one element that both the U.S. and Mexico can agree on.

  • MEXICO CITY, Dec 2- Mexico's peso ended the week slightly higher, but remained vulnerable to concerns about shifts in U.S. trade policy under the incoming administration of U.S. President-elect Donald Trump while Brazil's real wobbled on uncertainty over fiscal reform. Trump has threatened to curtail trade with Mexico, which sends about 80 percent of its...

  • Mexico not at war with the United States: Mexican official

    Fernando Turner, Mexico's Secretary of Economy & Labor for Nuevo Leon, Mexico, discusses American companies moving jobs south of the border.

  • How is Mexico reacting to Trump-Carrier deal?

    CNBC's Michelle Caruso-Cabrera reports the latest on how Mexico is reacting to Trump's Carrier deal.