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Business Mexico

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  • MEXICO CITY, July 10- Mexican construction firm ICA expects to sell assets next year for 5 billion pesos as part of an effort to reduce its heavy debt load, Chief Executive Officer Alonso Quintana said in an interview. The first part of the package involved an agreement by Canada's No. 2 pension fund, the Caisse de Dépot et Placement du Québec, to pay ICA over 3...

  • The San Francisco- based company would also have to use vehicles costing a minimum of 250,000 pesos that are no more than seven years old, according to the draft plan drawn up by the Mexico City government seen by Reuters.

  • July 9- Geoffrey Zakarian dropped plans to open a restaurant at the upcoming Trump International Hotel in Washington DC, becoming the second celebrity chef to sever ties with real estate mogul Donald Trump after his statements on Mexican immigrants. Trump accused Mexico of sending rapists and other criminals to the United States when he announced his bid for...

  • MEXICO CITY/ NEW YORK, July 9- Mexico's largest airline, Grupo Aeromexico, is at the center of a price and market-fixing investigation being led by the country's competition authority, which conducted a dawn raid on the airline's head office earlier this year, two people with knowledge of the matter told Reuters. The carrier is part of the SkyTeam Alliance, has...

  • July 9- Celebrity chef Geoffrey Zakarian said he will not open his restaurant at the Trump International Hotel in Washington DC, adding to a list of names to cut corporate ties with real estate mogul Donald Trump after his statements on Mexican immigrants. Zakarian, who runs a string of restaurants including The Lambs Club and the National in New York City, said...

  • Aeromexico at heart of Mexico collusion probe - sources Thursday, 9 Jul 2015 | 11:41 AM ET

    MEXICO CITY/ NEW YORK, July 9- Mexico's largest airline, Grupo Aeromexico, is at the center of a price and market-fixing investigation being led by the country's competition authority, which conducted a dawn raid on the airline's head office earlier this year, two people with knowledge of the matter told Reuters. The carrier is part of the SkyTeam Alliance, has...

  • MEXICO CITY, July 8- Mexico unveiled news measures to protect its struggling steel industry on Wednesday as slack global demand, oversupply from China and cheap imports from Russia have hammered steelmakers in Latin America's second largest economy. The measures come a month after Mexico imposed provisional import duties on hot-rolled steel from Germany,...

  • More than half of Mexico's fuel imports in recent months have been gasoline. Ultra-strong gasoline demand worldwide, from the United States to India, has soaked up much of the world's excess supply. Additionally, problems at gasoline-making fluid catalytic crackers in Venezuela and the United States have tightened availability and created more rival...

  • MEXICO CITY, July 8- Uber's drivers will need permits to work in Mexico City and the company will have to pay into a transport fund, according to a draft government plan seen by Reuters, in what would be the first such regulation for the ride-hailing app in Latin America. Uber launched in the huge market of Mexico City in 2013 and says it has about 300,000 users.

  • Cramer: Avoid these horrifying stocks in a selloff Monday, 6 Jul 2015 | 6:26 PM ET
    Broken pencil

    Jim Cramer guides investors on the difference between a broken stock and a broken company during a selloff.

  • ATHENS/ FRANKFURT- Greece's combative finance minister resigns, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. -EUROZONE- GREECE/ GERMANY, moved, by Paul Carrel, 640 words. -MARKETS- GREECE/ VOTE REACTION, moved, by Jamie McGeever, 800 words.

  • REUTERS BUSINESS NEW SCHEDULE AT 1500 GMT/11 AM ET Monday, 6 Jul 2015 | 11:06 AM ET

    NEW YORK- Aetna Inc Chief Executive Officer Mark Bertolini says he is confident that an antitrust review of its proposed purchase of Humana Inc will allow the deal to close in the second half of 2016, seeking to allay investor concerns of significant regulatory hurdles. ATHENS/ FRANKFURT- Greece's outspoken finance minister resigns, removing a major obstacle...

  • Trump showed worst face of US: Mexican billionaire Thursday, 2 Jul 2015 | 4:47 PM ET
    Donald Trump

    Grupo Salinas CEO Ricardo Salinas called Donald Trump's derogatory comments on Mexican immigrants a disgrace.

  • Mexican billionaire Salinas: Content has no borders Thursday, 2 Jul 2015 | 3:37 PM ET
    Mexican billionaire Salinas: Content has no boarders

    Grupo Salinas founder and Mexican billionaire Ricardo Salinas discusses the importance of content in the media space.

  • How Pemex's math yields improved safety statistics Thursday, 2 Jul 2015 | 2:35 PM ET

    July 2- In late May, Pemex announced that it had succeeded in bringing its worker fatality and accident rate below the International Association of Oil and Gas Producers' international average in 2014.. That's hard to verify because the IOGP has yet to release its figures for 2014. The most recent year for which the association has published data is 2013, and for...

  • ArcelorMittal Mexico unit to slash 2,800 jobs Wednesday, 1 Jul 2015 | 8:41 PM ET

    MONTERREY, July 1- ArcelorMittal, the world's largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs. Altos Hornos de Mexico, DeAcero and ArcelorMittal warned in the...

  • SAN FRANCISCO, July 1- PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc.. The acquisition would allow Xoom to expand into new markets with less execution risk, Xoom CEO John Kunze...

  • NBC ending relationship with Donald Trump Monday, 29 Jun 2015 | 2:11 PM ET
    NBC ending relationship with Donald Trump

    Miss USA and Miss Universe will no longer air on NBC as NBC ends their relationship with Donald Trump, reports CNBC's Sue Herera.

  • I have a great relationship with Mexico: Trump Monday, 29 Jun 2015 | 1:22 PM ET
    I have a great relationship with Mexico: Trump

    Donald Trump speaks at the City Club of Chicago at Maggiano's Restaurant about his relationship with Mexico and explains the importance of borders.

  • DUBLIN, June 29- A Boeing 787 Dreamliner en route from Mexico City to Paris made an emergency landing at Ireland's Shannon Airport on Monday and all 193 people on board disembarked safely, a spokesman for the airport said on Monday. Mexico's Aeromexico said in a statement that an alert in the cargo hold of the flight caused it to divert, and a spokesperson later...