Business Mexico

  • MEXICO CITY, Sept 24- A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet.

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • BUENOS AIRES, Sept 23- Even though new rules have not yet been implemented, telecom companies in Argentina are preparing for a more competitive market as the government expects reforms to attract $20 billion in investments over four years. Telecom Argentina and Telefonica de Argentina have announced investments in recent months, while Argentina's largest...

  • Mexican Economy Minister Ildefonso Guajardo

    Despite Donald Trump's inflammatory comments, a key Mexican official says the country is prepared to negotiate if the GOP nominee wins.

  • MEXICO CITY— Edgar Serralde Galicia lives in a part of Mexico City known for water: Xochimilco, where picturesque canals have irrigated produce grown on man-made islands and served as transportation routes since the days of the Aztecs. But like roughly a million residents of the capital, Serralde isn't connected to the city's water system.

  • A shopper pays for pears with a 100-peso bill at a fruit stand in Mexico City.

    Investors scrambling to find returns this year amid record lows for fixed-income assets have been heading south of the border.

  • Sept 20- One of the two investors in Puerto Rico's largest airport is exploring selling a 50 percent stake in a joint venture that runs it under a lease agreement with the Caribbean island's government, people familiar with the matter said on Tuesday. The move comes as passenger traffic at the airport has proved resilient in the face of Puerto Rico's $70 billion...

  • MEXICO CITY— Economists have long said that when the United States catches a cold, Mexico gets pneumonia. But analysts said Monday that Hillary Clinton's pneumonia has given Mexico's peso something worse. The U.S. has an outsize influence on Mexico's economy, buying about 80 percent of Mexico's exports.

  • MEXICO CITY, Sept 19- Hurricane Paine formed in the Pacific more than 300 miles off the coast of Mexico early on Monday and is forecast to begin weakening later in the day, the National Hurricane Center said. Mexico has no coastal warnings in effect for Paine, which is expected to weaken substantially before it hits the upper portion of the Baja California...

  • 90 percent of people in US recognize climate change

    Kevin McGeeney, CEO at SCB Group, weighs in on carbon trading - as well as Hillary Clinton and Donald Trump's respective stances on climate change.

  • Ford moving all small-car production to Mexico

    Company CEO Mark Fields says he plans to relocate operations over the next two to three years.

  • Donald Trump speaks at the Conservative Party of New York Presidential Convention, September 7, 2016.

    Trump blasts Ford's announcement that it is moving all small-car production to Mexico.

  • TOKYO, Sept 15- Toyota Motor Corp said on Thursday it would spend about $150 million to ramp up production capacity of Tacoma pickup trucks in Mexico by more than 60,000 vehicles a year by 2018..

  • Donald Trump during the Republican National Convention.

    A win for U.S. presidential candidate Trump could have grave implications for the world’s largest economy, according to Oxford Economics.

  • NEW YORK, Sept 12- General Electric Co is partnering with Mexican national power company CFE to help improve the efficiency of its electrical system, the leader of GE's power business said on Monday. Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • An engineer opens valves on the Petroleos Mexicanos (PEMEX) Bicentennial deep sea crude oil platform in the waters off Tamaulipas, Mexico.

    As oil-exporting countries continue to navigate stubbornly weak crude prices, Mexico is trying to get ahead of the game by hedging its oil bets.

  • TORONTO/ MEXICO CITY, Sept 8- Goldcorp Inc has hired Bank of Nova Scotia to lead the sale process for Los Filos, its gold and silver mine in Mexico, according to two sources familiar with the situation, after putting the asset on the block earlier in the summer. David Garofalo, chief executive of the Vancouver- based gold miner, said in late July that Goldcorp was looking...

  • Luis Videgaray

    Mexico is set for major budget cuts that may drag on growth, despite the resignation of Finance Minister Luis Videgaray, who was the driving force behind the 2017 fiscal plan.