×

Business Mexico

  • A livestock farmer at a livestock auction market on January 11, 2017 in Yabu, Japan.

    Japan said on Friday the country will raise tariffs on frozen beef imports from the U.S. and other countries from August.

  • MOSCOW- Central Bank of Russia interest rate decision 1030 GMT. TUESDAY, AUGUST 1 SYDNEY- Reserve Bank of Australia holds monetary policy decision meeting- 0430 GMT. PRAGUE- Czech National Bank holds Monetary Policy Meeting.

  • MEXICO CITY— Mexico's food safety agency says it is "premature" to point to Mexican papayas as the source of a salmonella outbreak in the U.S. A Thursday statement by Mexico's Agriculture Department says agency technicians have begun collecting samples from across Mexico. On Wednesday, the U.S. Food and Drug Administration said the illness had been tracked to...

  • MEXICO CITY, July 27- Mexico and Britain have begun informal talks on an agreement to maintain Britain's preferential trade deal with Mexico after Brexit, British international trade secretary Liam Fox said on Thursday. Fox also told reporters on a visit to Mexico City that he hoped Mexico and the European Union would press ahead with concluding their updated...

  • BUENOS AIRES, July 27- Argentina's central bank needs more autonomy to increase the effectiveness of its monetary policy, Organization for Economic Co-Operation and Development Chief of Staff Gabriela Ramos said on Thursday during a visit to the country. The OECD expects Argentina's economy to grow 2.9 percent in 2017 and 3.2 percent in 2018, according to...

  • GUADALAJARA, Mexico _ Grupo Aeroportuario del Pacifico SAB de CV on Wednesday reported second-quarter earnings of $61.1 million. The Guadalajara, Mexico- based company said it had profit of $1.09 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MELBOURNE, July 27- Australia is building a superhighway offering free charging stations in a bid to boost use of electric vehicles, the northeastern state of Queensland said on Thursday, most of its route fringed by the Great Barrier Reef tourist attraction. Australia's new superhighway, an 1,800- km stretch of mostly coastal road alongside the Great Barrier...

  • MEXICO CITY, July 26- America Movil, the telecommunications company of Mexican tycoon Carlos Slim, and Movistar, the Colombian unit of Spain's Telefonica SA, may not have to pay any compensation while legal action in Colombia is under review, a government minister said on Wednesday. Shares of America Movil closed down 0.32 percent and Telefonica shares closed up...

  • CELAYA, Mexico _ Industrias Bachoco SAB de CV on Wednesday reported second-quarter profit of $95 million. The Celaya, Mexico- based company said it had profit of $1.90 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MEXICO CITY— The Mexican national truckers' association says highway robberies of freight trucks are "out of control" and calls the nation's roads "a no-man's land." The National Chamber of Freight Transport says its members have been "seriously affected by an unstoppable wave of robbery taking over the country's roads. The problem is especially prevalent...

  • *Britain says long goodbye to internal combustion engine. LONDON, July 26- Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. The mayors of Paris, Madrid, Mexico City and Athens have said they plan to ban diesel vehicles from...

  • A Union flag flies near the Elizabeth Tower, commonly referred to as Big Ben, at the Houses of Parliament in central London on March 29, 2017.

    The U.K.’s International Trade Secretary Liam Fox is to visit Mexico Wednesday to launch discussions for a post-Brexit deal as part of the Britain’s ongoing efforts to secure its trading future outside of the EU.

  • *Britain says long goodbye to internal combustion engine. LONDON, July 26- Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of popular use of the fossil fuel-guzzling internal combustion engine. The mayors of Paris, Madrid, Mexico City and Athens have said they plan to...

  • commodities@ MEXICO CITY/ SAO PAULO, July 25- Mexico's stock market hit a fresh record high on Tuesday, boosted by expectations of good earnings, while Brazil's stocks hit a one-month high as commodity price gains lifted shares of local blue-chips Vale SA and Petróleo Brasileiro SA. Mexico's S&P/BMV IPC stock index rose for the third straight session, inching up...

  • MEXICO CITY, July 25- Shares in Mexican bottler and retailer Fomento Economico Mexicano fell on Tuesday after it reported a drop in quarterly profits, hurt by rising costs. "Revenue growth was strong during the quarter, not just for our retail formats but across operations, and reflected a resilient consumer environment in Mexico in spite of rising inflation,"...

  • MONTERREY, Mexico _ Fomento Economico Mexicano SAB on Tuesday reported second-quarter profit of $257.6 million. On a per-share basis, the Monterrey, Mexico- based company said it had profit of 72 cents. The Coca-Cola bottler posted revenue of $6.35 billion in the period.

  • *China made major contribution to global post-crisis leveraging. Federal Reserve tightening a risk to China. *Fed must take China into account in policy decisions.

  • *China made major contribution to global post-crisis leveraging. Federal Reserve tightening a risk to China. *Fed must take China into account in policy decisions.

  • MEXICO CITY, July 24- Mexico's Coca-Cola Femsa, the world's largest Coke bottler, said on Monday it is poised to lose a key distribution contract in Brazil, sending its shares down 5 percent, even as it reported an 11.5 percent jump in quarterly net profit. Coke Femsa said Dutch brewer Heineken, which holds a stake in its parent company Femsa, had told the company it...

  • MEXICO CITY, July 24- Mexican stocks rose to a record high, backed by forecasts for strong earnings reports this week, while yields on Brazilian interest rate futures dipped on bets the central bank will cut rates aggressively this week. But shares of Coca-Cola Femsa, the world's largest Coke bottler, fell more than 5 percent after the company said it was poised to...