Business Mexico

  • 'Cloud of uncertainty' over Trump's Mexico views: Expert

    Monica de Bolle, senior fellow at PIIE, says that it's unclear what Trump will do with NAFTA.

  • MEXICO CITY, Jan 12- An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company spokesperson said. The company did not specify what caused the accident or the death of the worker. The Madero plant, the smallest of Pemex's six domestic refineries, is near the...

  • MEXICO CITY, Jan 12- Mexico's central bank chief Agustin Carstens said on Thursday that a recent increase in prices does not reflect a sustained quickening in the pace of inflation and that the slide in the peso currency was exaggerated. Mexico's annual inflation rate accelerated to its highest level in two years in December, as the peso plumbed record lows over...

  • TORONTO, Jan 12- Goldcorp Inc agreed to sell its Los Filos mine in Mexico to Leagold Mining Corp in a deal valued at $438 million on Thursday, as the world's No. 3 gold miner by market value focuses more squarely on core assets. Under the transaction, Vancouver- based Goldcorp will get $279 million in cash, $71 million in Leagold shares and tax receivables worth about...

  • President-elect Donald Trump talks to Vice President-elect Mike Pence during a press conference at Trump Tower in New York on January 11, 2017.

    Citizens of countries around the world watched for clues on how the new Trump administration would impact their lives, NBC News reports.

  • MEXICO CITY— Mexico's president tried again on Thursday to calm anger over the big jump in gasoline prices this month amid a historically weak currency and continued threats by Donald Trump to steer manufacturers back to the United States. Earlier this week, Pena Nieto promised to police price increases for staple goods and invest in modernizing public...

  • Investors have been over-confident to the point of complacency in the aftermath of Donald Trump's surprise election victory; analyst.

  • EM broadly in good shape: Fund manager

    Maya Bhandari, multi asset fund manager at Columbia Threadneedle, weighs in on the emerging market space ahead of the incoming Trump administration.

  • We remain bearish on the peso: Citi

    As Donald trump’s inauguration date draws closer, Luis Costa, head of CEEMEA FX and rates strategy at Citi, talks about the future for the Mexican peso.

  • Chinese President Xi Jinping speaks at the seventh plenary session of the 18th Communist Party of China Central Commission for Discipline Inspection, Jan. 6, 2017.

    China's President Xi Jinping will promote "inclusive globalization" at this month's World Economic Forum in Davos, Chinese officials said.

  • MEXICO CITY, Jan 11- Mexico said on Wednesday it would throw its relationship with the United States wide open in talks with the incoming Trump administration, putting security, migration and trade on the table as it seeks to avoid a major economic shock. President Enrique Pena Nieto said Mexico would take a broad approach to the challenge, seeking a settlement...

  • Outlook for Mexico remains strong: Expert

    Christopher Wilson at the Wilson Center talks about Trump's rhetoric on businesses moving to Mexico and the state of the Mexican economy.

  • MEXICO CITY, Jan 11- Mexico's government said on Wednesday it would throw its relationship with the United States wide open when it sits down for talks with the incoming U.S. administration, putting security, migration and trade on the table in search of a deal. However, President Enrique Pena Nieto said Mexico would take a broad approach to the talks, seeking a deal...

  • MEXICO CITY, Jan 11- Mexican President Enrique Pena Nieto on Wednesday said Mexico will seek to negotiate issues including trade, security and migration with the incoming U.S. administration of Donald Trump, but would not pay for a U.S. border wall. Pena Nieto, speaking to an assembly of foreign diplomats, said he would continue to promote free trade integration in...

  • A bootblack polishes the shoes of a client who reads a newspaper with headlines referring to the eventual triumph of US presidential candidate Donald Trump on November 9, 2016 in Mexico City.

    The peso has fallen more than 5 percent against the dollar to start the year on renewed worries about disruptive changes to trade.

  • Trump: I don't blame Mexico government for taking advantage of US

    At his first press conference since Election Day, President-elect Donald Trump answers questions about his proposed border wall between the United States and Mexico.

  • A Union Pacific employee closes the entry door on a rail car at the company's facility at the Port of Oakland in Oakland, California.

    "It's virtually impossible to unwind what's been created to this point," says Union Pacific chief Lance Fritz.

  • MEXICO CITY, Jan 10- Mexico's oil company, Pemex, is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site, part of sometimes violent protests and looting over a gasoline price hike. In a post on Twitter on Tuesday afternoon, Pemex said its ability to supply gas stations in Mexicali, across the border...

  • MEXICO CITY, Jan 10- Mexico's oil company, Pemex, is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site, part of sometimes violent protests and looting over a gasoline price hike. In a post on Twitter on Tuesday afternoon, Pemex said its ability to supply gas stations in Mexicali, across the border...

  • MEXICO CITY, Jan 10- Mexico's oil company, Pemex, is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site, part of a wave of sometimes violent protests and looting over a gasoline price hike. In a post on its Twitter page, Pemex said its ability to supply gas stations in Mexicali, just across the border...