Business Mexico

  • THURSDAY, AUGUST 4 SHANGHAI- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "Economic Conditions and Implications for Monetary Policy" before the Official Monetary and Financial Institutions Forum City Lecture event- 1015 GMT. LIMA- Central bank of Peru chief Julio Velarde Flores will deliver a public presentation on macroeconomics...

  • SAN FRANCISCO, Aug 3- Tesla Motors Inc reported a steeper than expected quarterly loss on Wednesday on higher spending at its vehicle and battery factories, and said adjusted profitability could be within sight if the company meets its delivery goals. The 13th straight quarterly loss for the Silicon Valley electric carmaker underscores the financial...

  • Tesla, led by entrepreneur Elon Musk, said it was still on track to deliver about 50,000 new Model S and Model X vehicles during the second half of 2016, and reiterated that it would spend $2.25 billion in capital expenditures in 2016 to prepare for its upcoming Model 3 sedan. "Making cars is hard... and they still are in the growth stage- the market seems to want to give...

  • BUENOS AIRES, Aug 3- Most Latin American currencies are set to stabilize further because of growing optimism on policy fine-tuning, although the Mexican peso is increasingly prone to agitation over the U.S. election in November, a Reuters poll showed on Wednesday. This remarkable tightening of the gap between the strategists' projection and the current rate of...

  • MEXICO CITY, Aug 2- Mexico's largest airline group, Aeromexico, will increase the frequency of flights on five of its main international routes, the company said on Tuesday. On its European routes, Aeromexico will offer daily flights from Mexico City to Amsterdam and to London Heathrow- up from three and six flights per week, respectively. In May, Aeromexico started...

  • WEDNESDAY, AUGUST 3 BANGKOK- Bank of Thailand holds its monetary policy committee meeting- 0730 GMT. THURSDAY, AUGUST 4 SHANGHAI, China- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "Economic Conditions and Implications for Monetary Policy" before the Official Monetary and Financial Institutions Forum City Lecture event- 1015 GMT.

  • Aug 2- Cobalt International Energy Inc said it was unlikely to close a $1.75 billion sale of its 40 percent stake in two offshore oil blocks in Angola to the state oil company, sending its shares down as much as 43.5 percent. The company's net loss widened to $205.55 million, or 50 cents per share, in the quarter ended June 30, from $66.81 million, or 16 cents per share, a...

  • Aug 2- TransCanada Corp said on Tuesday it plans to build an $800 million marine terminal and oil pipeline project for refined products like gasoline and jet fuel, as the Canadian pipeline operator continues to expand its footprint in Mexico. TransCanada, which has been ramping up its spending in Mexico, said it will hold a 50 percent interest in the project, with...

  • MEXICALI, Mexico, Aug 2- For Allied Tool& Die Company, Donald Trump's threats to tear up trade deals and impose steep tariffs if he becomes the next U.S. president means considering doubling down on Mexico as a base to manufacture for foreign markets. So far, Trump's campaign pledges- such as threatening to roll out punitive tariffs, ditch the 1994 North American Free...

  • TUESDAY, AUGUST 2 BEIJING- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "Economic Conditions and Implications for Monetary Policy" before the Official Monetary and Financial Institutions Forum City Lecture event- 1015 GMT. SEOUL- Bank of Korea to release the minutes of its July policy meeting- 0700 GMT. THURSDAY, AUGUST 4 SHANGHAI, China-...

  • This year's decline was the steepest since 2009, when the financial crisis pushed Mexico into recession, the data show. Four states- Veracruz, Quintana Roo, Nuevo Leon and Chihuahua- accounted for close to half of the 70 percent jump in local government liabilities between 2010 and 2015, which stood at 536 billion pesos at the end of December.

  • SAO PAULO/ MEXICO CITY, July 29- The Brazilian real strengthened on Friday, closing 1.63 percent higher against the dollar as the country's central bank refrained from intervening to curtail a rally triggered by lower expectations of U.S. rate increases this year. Also boosted by the U.S. data, the Mexico peso gained 0.69 percent to close at 18.76 pesos per dollar.

  • July 28- TransCanada Corp, Canada's second-largest pipeline company, reported on Thursday a slightly higher-than-expected quarterly profit, and said the process of seeking buyers for the sale of some of its assets was well under way. The Calgary- based company is marketing an up to 49.9 percent stake in a package of six Mexico pipelines, excluding the recently...

  • MONTERREY, July 27- Mexico's Cemex still has around $400 million of non-productive assets identified that it could sell as part of its divestment plan, Chief Executive Fernando Gonzalez said on Wednesday. The company earlier on Wednesday said it would sell assets worth up to $2 billion in 2016 and 2017, above a previous goal of $1 billion to $1.5 billion, after a...

  • MONTERREY, July 27- Mexico's Cemex still has around $400 million of non-productive assets identified that it could sell as part of its divestment plan, Chief Executive Fernando Gonzalez said on Wednesday.

  • SAO PAULO, July 27- The Brazilian real and Bovespa stock index were stable on Wednesday, after a session in which traders were attentive to a meeting of U.S. Markets were mostly untroubled by news that Japan will announce a $265 billion stimulus package next week, ramping up pressure for the central bank to announce complementary monetary easing following a...

  • decision@ SAO PAULO, July 26- The Brazilian real appreciated and the Mexican peso was stable on Tuesday, ahead of a policy decision by the U.S. Mexico's stock index fell 0.43 percent, dragged down and retailer Wal-Mart de Mexico. A slight dip in Brazil's benchmark Bovespa index was led by a drop in the shares of oil giant Petrobras and banks.

  • Texas- based Anadarko raised the mid-point of its full-year sales volume forecast by 2 million barrels of oil equivalent on increased sales from Gulf of Mexico, Delaware and DJ basins. Net loss attributable to Anadarko was $692 million, or $1.36 per share, in the second quarter, compared with a profit of $61 million, or 12 cents per share, a year earlier.

  • Nomura says Asia and Mexico have most to lose from Trump presidency

    The firm warns countries in Asia and Mexico will face a negative impact in the event Donald Trumps is elected president.

  • A potential President Donald Trump would be almost as painful for Asia as for his usual whipping boy, Mexico, Nomura has warned.