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Business Mexico

  • Nearly half of Americans say they won't be taking a vacation this summer, mostly because they can't afford it, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. About half of Americans living in households making less than $50,000 a year don't plan to take any summer vacation this year, and they're especially likely to cite...

  • MEXICO CITY, June 14- A major fire broke out at Mexican state oil producer Pemex's Salina Cruz refinery on Wednesday after a crude spill, injuring nine people and extending the shutdown of the plant into a second day, the company said. Images sent by local emergency workers showed a tall, thick plume of black smoke spewing from towering flames at the refinery on the...

  • MEXICO CITY, June 14- A major fire broke out at Mexican state oil producer Pemex's Salina Cruz refinery on Wednesday after a crude spill, though there were no initial reports of injuries. Images sent by local emergency workers showed a tall, thick plume of black smoke spewing from towering flames at the coastal refinery in the southern state of Oaxaca.

  • MEXICO CITY— A massive fire broke out at a partially flooded refinery in southern Mexico Wednesday, injuring nine people and forcing the evacuation of over 500 people from homes around the plant.. The facility is located in Salina Cruz in the southern state of Oaxaca. The Oaxaca state civil defense office said 550 people were being housed at shelters set up for...

  • Zumba creator Beto Perez

    A Kauffman study reveals immigrants are more likely to be entrepreneurs vs. native-born Americans. Here are 5 Latinos who made it big.

  • President Donald Trump's core principles, during her visit to Mexico. Trump's election pledge to build a massive wall on the U.S. border with Mexico to keep out illegal immigrants and drug traffickers has sparked anger throughout Mexico, plunging U.S.-Mexican relations to their lowest point in years. Trump has backed away from a promise to make Mexico pay for...

  • MEXICO CITY, June 10- German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization. "We still have no international rules," Merkel said alongside Mexican President Enrique Pena Nieto during a visit to Mexico City, stressing that...

  • President Donald Trump during her visit to Mexico. Pena Nieto said Mexico will ensure that foreign investment in Mexico remains protected in talks to renegotiate the North American Free Trade Agreement. Trump has repeatedly attacked Germany and Mexico over their trade surpluses with the United States and he has vowed to withdraw from NAFTA if he cannot...

  • MEXICO CITY, June 10- Mexican President Enrique Pena Nieto said on Saturday that Mexico will defend free trade in talks to renegotiate the North American Free Trade Agreement and that it will protect foreign investors in Mexico.

  • SAO PAULO/ MEXICO CITY, June 9- Mexico's peso currency touched a near 10- month high on Friday and data on derivatives market bets showed investors have taken the most optimistic view on the currency in four years. The Mexican currency clawed its way back to levels last seen before Donald Trump was elected U.S. president as higher oil prices helped lift emerging...

  • MEXICO CITY, June 9- Mexican industrial output fell in April compared to March in seasonally adjusted terms, pulled down by a drop in construction and mining production, according to data released by national statistics agency INEGI on Friday. Industrial production was down 0.3 percent in April, the biggest decline since August, but the overall reduction was...

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • Soon afterward, carmaker Ford canceled a planned $1.6 billion plant in central Mexico, causing widespread alarm that Trump's interventions and threats to tear up the NAFTA trade agreement would lead to a collapse in investment in Mexico. But Fernando Turner, the economy minister of Nuevo Leon, said U.S. companies still were committed to the state and that there...

  • firms@ June 8- Mexico's peso on Thursday hit its strongest level since the election of Donald Trump as U.S. president, while Brazil's currency firmed on bets a trial will not oust President Michel Temer. The peso advanced as far as 18.1625 per dollar, its strongest level since Nov. 9, when Trump's surprise victory drove the currency to a record low on fears he would rip...

  • A nurse applies a vaccine against influenza in a doctor's office in Mexico City, Mexico.

    As U.S. health care costs rise, more affordable health insurance is available in these countries, International Living reports.

  • CANCUN, Mexico, June 7- Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Norwegian Air Shuttle and Icelandic rival Wow have grabbed headlines with fares as low as $69 and $55 this summer, although Wow's...

  • CANCUN, Mexico, June 7- Boeing has looked at options "from mild to wild" for the design of a proposed mid-market jet, a senior executive said, hinting at a breakthrough that industry sources say will create building blocks for future models. Marketing Vice President Randy Tinseth said Boeing would leapfrog reported plans by Airbus to update its hot-selling...

  • CANCUN, Mexico, June 7- Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Norwegian Air Shuttle and Icelandic rival Wow have grabbed headlines with fares as low as $69 and $55 this summer, although Wow's...

  • CANCUN, June 6- Less than a year after passenger flights restarted between the United States and Cuba, the future of Cuban travel is once again up in the air. The Trump administration is reviewing the Obama administration's moves to ease restrictions on travel and investment in Cuba. "Restricting the network of aviation and access to Cuba would be bad news for...