Business Mexico


  • Don't panic, buy THIS, says Templeton's Hasenstab Sunday, 17 Jan 2016 | 10:00 PM ET
    Men look an electronic board showing stock information at a brokerage house in Beijing, China, January 5, 2016.

    Markets are pricing in an economic collapse in emerging markets and that's a buying opportunity, Templeton Global Macro's CIO Michael Hasenstab told CNBC.

  • Sean Penn: Mexico wants me in Chapo cartel's crosshairs Saturday, 16 Jan 2016 | 1:05 AM ET
    Sean Penn

    Penn also told talk show host Charlie Rose that he regrets the fallout from the Rolling Stone article based on his interview with Guzman.

  • MEXICO CITY, Jan 14- Ford Motor Co will announce a new automobile plant in the Mexican state of San Luis Potosi during the first quarter, two government officials familiar with company plans said on Thursday. The plant should produce around 350,000 cars annually, according to the two officials, and the investment should be worth slightly over $1.5 billion, one of...

  • BENGALURU, Jan 14- Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world. Elwin de Groot, senior market economist at Rabobank, warned that the world could no longer rely...

  • Is legal pot putting Mexico out of business? Monday, 11 Jan 2016 | 3:20 PM ET

    We haven't seen it yet, but legal U.S. pot could eventually crush one of the biggest historic weed exporters, Mexico.

  • 'Sean Penn's interview helped us catch El Chapo' Sunday, 10 Jan 2016 | 12:43 AM ET
    Joaquin Guzman, the world's most wanted-drug trafficker, is escorted by Mexican security forces at a Navy hangar in Mexico City, on Friday.

    The actor's interview with Joaquin Guzman helped lead security forces to the drugs kingpin, Mexican government sources said.

  • MEXICO CITY, Jan 8- Mexico's exchange rate may have been affected by a market over-reaction to China, and once things calm down, it should reflect Mexico's economic fundamentals and appreciate, Bank of Mexico Governor Agustin Carstens said on Friday. Mexico's peso currency has hit a series of record lows against the dollar in recent days, with fears over Chinese...

  • SINGAPORE, Jan 8- Assessments of China's intentions after it let the yuan depreciate more quickly this week possessed some qualities of a fairground mirror, with policymakers in nearby Asia far less alarmed about risks of a "currency war" than those further away. As global currency and stock markets shivered on Thursday, Mexico's Finance Minister Luis...

  • MEXICO CITY, Jan 7- The depreciation of the Chinese yuan risks triggering a cycle of competitive devaluation and is causing enormous worry in the world's financial markets, Mexican Finance Minister Luis Videgaray said on Thursday. China allowed the biggest fall in the yuan in five months on Thursday, sending global markets down on concerns that China might be...

  • Jan 7- Alcoholic beverage maker Constellation Brands Inc reported better-than-expected quarterly net sales and profit, and said it plans to spend $1.5 billion to build a brewery in Mexico to meet growing demand for its Mexican beer brands. Constellation has been benefiting from strong demand from a rising Hispanic population in the United States who have...

  • Jan 7- Alcoholic beverage maker Constellation Brands Inc reported better-than-expected quarterly net sales and profit, and said it plans to spend $1.5 billion to build a brewery in Mexico to meet growing demand for its Mexican beer brands. Net sales of beer rose 8 percent to $831.3 million in the third quarter ended Nov. 30, accounting for more than half of the...

  • Constellation Brands' sales rise 6.4 pct Thursday, 7 Jan 2016 | 7:42 AM ET

    Jan 7- Constellation Brands Inc reported a 6.4 percent rise in third-quarter net sales, helped by higher demand for its Corona and Modelo beer brands. Net income attributable to the company rose to $270.5 million, or $1.33 per share, in the quarter ended Nov. 30, from $222.2 million, or $1.10 per share, a year earlier. Constellation also said it plans to build a new...

  • Cramer: Horrifying stocks to avoid in a sell-off Thursday, 31 Dec 2015 | 6:47 PM ET
    Broken rope

    Jim Cramer guides investors on the difference between a broken stock and a broken company during a sell-off.

  • SAO PAULO, Dec 30- Stocks and currencies in Brazil and Mexico weakened on Wednesday, as a slide in crude prices to near 11- year lows hit demand for riskier assets. The real fell 1.8 percent to 3.9480 reais to the dollar, the third-weakest annual close since the currency was introduced in 1994. The real slumped this year as the government failed to assuage concerns...

  • 'Affluenza' teen taken into custody in Mexico: Official

    NBC News' Gabe Gutierrez reports on the developing story of the teen taken into custody in Mexico.

  • RIO DE JANEIRO, Dec 29- Sao Paulo's city hall on Tuesday proposed levying fees on Uber, a plan praised by the ride-hailing service but protested by taxi drivers in Brazil's largest city who say the plan does not go far enough to regulate the rapidly growing app. Uber Technologies Inc endorsed the proposal as "innovative" in a statement and said it would take part in...

  • The Affluenza teen taken into custody in Mexico Tuesday, 29 Dec 2015 | 6:00 AM ET
    The Affluenza teen taken into custody in Mexico

    Ethan Couch is placed on the country's most wanted list

  • Texas 'affluenza' teen taken into custody in Mexico Tuesday, 29 Dec 2015 | 4:12 AM ET

    A Texas teen from a wealthy family has been taken into custody in Mexico after breaking his probation for killing four people while driving drunk.

  • It's Christmas every day here Thursday, 24 Dec 2015 | 12:00 AM ET
    A woman painted Christmas ornaments at a workshop in Tlalpujahua, Mexico. Though high season is October to December, production of the handmade ornaments takes place all year.

    This Mexican village is far from the North pole, but it celebrates Christmas every day as a production center of handmade ornaments. The NYT reports.

  • Dec 23- Freeport-McMoRan Inc, the U.S. miner that was targeted by activist investor Carl Icahn earlier this year, is planning to run an auction process for its oil and gas assets in early 2016, according to people familiar with the matter. Phoenix, Arizona- based Freeport-McMoRan's board has retained investment bank Lazard Ltd to advise on possible sale of the...