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Business Mexico

  • MEXICO CITY— Mexico's central bank has raised its benchmark interest rate by a quarter-point to 6.75 percent as inflation continues to outpace targets. The bank notes that investment has lagged due to uncertainty in the U.S.- Mexico relationship. Also Thursday, the Trump administration formally notified the U.S. Congress that it intends to renegotiate the...

  • Modernizing trade deals

    CNBC's Brian Sullivan on Capitol Hill with Kayla Tausche discussing the latest on obtaining a copy of the letter from the U.S. Trade Representative Robert Lighthizer on behalf of the President notifying leaders of Congress that they seek to renegotiate NAFTA.

  • President Donald Trump, Commerce Secretary Wilbur Ross.

    The United States can start renegotiating the agreement 90 days from the notification to Congress.

  • Josh Bolten, former White House Chief of Staff for George W. Bush.

    Bolten encounters a Republican president with a style and agenda that are radically different from the GOP norm.

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • MEXICO CITY, May 17- Companies no longer fear the North American Trade Agreement will collapse and top U.S. multinationals in Mexico are committed to investing in the country going forward, the head of a global business lobby said on Wednesday. The CEEG represents a host of multinationals in Mexico including AT&T Inc, Coca-Cola Co, General Motors Co, Microsoft...

  • MEXICO CITY, May 17- Exxon Mobil Corp announced it will bring its Mobil-brand gas stations to Mexico, pumping $300 million in the coming decade as it seeks to gain a foothold in the country's retail fuel market. Exxon expects to open its first service stations in Mexico later this year and will offer motorists its Synergy gasoline and diesel fuels, the U.S.-based...

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • MEXICO CITY, May 17- Exxon Mobil Corp announced it will bring its Mobil-brand gas stations to Mexico, pumping $300 million in the coming decade as it seeks to gain a foothold in the country's retail fuel market. Exxon expects to open its first service stations in Mexico later this year and will offer motorists its Synergy gasoline and diesel fuels, the U.S. oil...

  • MEXICO CITY, May 17- BP Plc's first foray into Mexico's recently opened energy market is proving more promising than expected, and the government should offer more big projects to lure investment, the British oil major's Mexico boss said in an interview. Chris Sladen, country manager for Mexico, said BP expects to increase investment in everything from...

  • MEXICO CITY, May 17- BP Plc's first foray into Mexico's recently opened energy market is proving more promising than expected, and the government should offer more big projects to lure investment, the British oil major's Mexico boss said in an interview. Chris Sladen, country manager for Mexico, said BP expects to grow investment in everything from exploration...

  • Pierre Lagrange, senior adviser at Man Group, speaks about the investment environment in Europe and emerging markets.

  • MEXICO CITY, May 17- BP Plc's first foray into Mexico's recently opened energy market is proving more promising than expected, and the government should offer more big projects to lure investment, the British oil major's Mexico boss said in an interview. Chris Sladen, country manager for Mexico, said BP expects to grow investment in everything from exploration...

  • 'Mexico is the new China'

    Inflation could be disrupt the emerging market story but Mexico's is looking promising, says Philippa Malmgren, DRPM Group.

  • President Donald Trump's administration to tell Congress early next week of plans to renegotiate the North American Free Trade Agreement, a move that would produce talks by late August. "Probably the notification will be sent to Congress by the U.S. executive at some time early next week," Guajardo told Mexican media on Tuesday a day after meetings in Washington...

  • Sen. Chuck Grassley (R-Iowa).

    GOP en. Charles Grassley said on Tuesday that he believes the Trump administration will likely pursue a trilateral trade deal with Canada and Mexico.

  • Pedestrians walk past the New York Stock Exchange.

    Sorry, Wall Street. There never really was a Trump trade, says financial advisor Josh Brown. Here's what's really driving the market.

  • MEXICO CITY, May 16- Top Mexican miners Grupo Mexico, Penoles, Fresnillo and billionaire Carlos Slim's Frisco together owe nearly $180 million in mining royalties to Mexico for 2015, according to preliminary government figures seen by Reuters. The documents, which are part of an industry-wide review for tax compliance led by Mexico's tax authority, estimate...

  • Kotaro Tamura

    Japan expects the U.S. to rejoin TPP and is only "pretending" to negotiate a bilateral deal, said Milken Institute Asia Fellow Kotaro Tamura.

  • MEXICO CITY, May 13- A fire sparked by suspected fuel thieves killed four people and forced Mexico's state oil company Pemex to temporarily halt pumping operations along a pipeline in the country's violent eastern state of Veracruz, the company said on Saturday. The pipeline has a capacity of 73,000 barrels per day and transports gasoline and diesel from...