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Business Mexico

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  • Mexicans bash Trump pinata, call him imbecile Friday, 26 Jun 2015 | 4:54 PM ET

    MEXICO CITY, June 26- Few presidents of Mexico have managed to unite the country in the way Donald Trump did after he launched his U.S. presidential bid last week with a string of broadsides against America's southern neighbor. "Imbecile," "racist," "absurd" and "ignorant" were some of the less vulgar words used by prominent Mexicans about Trump after the flamboyant real...

  • Why New Mexico has had 32 months of job growth Wednesday, 24 Jun 2015 | 6:52 AM ET
    New Mexico Gov. Susana Martinez

    Its geographical location has made New Mexico a key trade corridor—and thus a top destination for business, says Gov. Susana Martinez.

  • MEXICO CITY, June 22- Mexico's state-run oil company, Pemex, confirmed on Monday there was an accident on an oil platform at one of its major operations in the southern Gulf of Mexico, but added any impact on output remained unclear. The explosion is the third high seas incident at Pemex this year after an accident on an offshore maintenance rig- also in the southern...

  • DETROIT, June 22- Air bag maker Takata Corp may have put profits before safety, Democrats on a U.S. Senate committee said in a report released on Monday. The report by the minority on the committee on commerce, science and transportation was released the day before a Washington hearing on Takata's defective inflators, which are linked to more than 100 injuries and...

  • How Mexico is reacting to Trump's 'rapists' comments Friday, 19 Jun 2015 | 10:47 AM ET
    Donald Trump formally announces his campaign for the 2016 Republican presidential nomination during an event at Trump Tower in New York, June 16, 2015.

    Mexican officials aren't pleased with the racial comments made by Donald Trump in his presidential announcement speech, reports GlobalPost.

  • MEXICO CITY, June 17- Ride-hailing service Uber Technologies Inc is open to being regulated in Mexico City, a company spokesperson said on Wednesday, as the rapidly growing start-up seeks to cement its expansion in one of the largest cities in the Americas. Uber entered Mexico City in 2013, and says it has grown to around 300,000 users. On Wednesday, Ana Paula...

  • MEXICO CITY, June 17- Mexico's Supreme Court on Wednesday ruled in favor of airport operator Grupo Aeroportuario del Pacifico in a four-year dispute with mining and railroad company Grupo Mexico. A source with knowledge of Grupo Mexico's thinking said the decision in favor of GAP was a surprise for the Grupo Mexico and that it would now have no other option but...

  • Bill Gross: This is up to 20% undervalued Wednesday, 17 Jun 2015 | 3:48 PM ET
    Bill Gross

    Bill Gross tells CNBC that Mexico is a great bet and that the peso is 15 to 20 percent undervalued.

  • *Daimler closing profitability gap with BMW, Audi. Markus Schaefer said in an interview the analysis was at the heart of the luxury carmaker's drive to improve productivity, and in turn boost profit margins in its battle with German rivals BMW and Audi. In the first quarter of 2015, it made a return on sales of 9.2 percent, only just below the 9.5 and 9.7 percent at BMW...

  • MEXICO CITY, June 14- Mexico's National Electoral Institute on Sunday confirmed that President Enrique Pena Nieto's ruling party emerged as the strongest force in elections last weekend, which INE forecasts say will enable it to retain control of the lower house. A preliminary INE estimate seen by Reuters showed that Pena Nieto's Institutional...

  • Italy's Alitalia agrees to start flights to Mexico Friday, 12 Jun 2015 | 5:47 PM ET

    June 12- Italy's largest airline, Alitalia Linee Aeree Italiane SpA, agreed on Friday to start direct flights between Rome and Mexico City, as part of its plan to expand revenue via long, international flights. "The flight to Mexico City responds to market demands that appear to be of great interest, both in terms of traditional tourism, business tourism and cargo."

  • MEXICO CITY, June 12- BlackRock Inc, the world's largest asset manager, has agreed to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto. BlackRock announced its deal to buy Infraestructura Institucional, also known as I Cuadrada, on Friday, but gave no...

  • MEXICO CITY, June 12- BlackRock, the world's largest asset manager, plans to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto. BlackRock's purchase of the fund would make it a partner with Hinojosa in one of the projects, a hospital in the State of Mexico,...

  • Mexico, EU aim for deeper trade ties with new accord Friday, 12 Jun 2015 | 7:18 AM ET

    BRUSSELS, June 12- The European Union and Mexico agreed on Friday to launch negotiations towards a new free-trade agreement, as Mexico seeks to avoid being sidelined by Europe's bigger trade deals with the United States and Canada. "Mexico has to align with them," he said of the United States and Canada, with which Mexico signed the North American Free Trade...

  • GUADALAJARA, Mexico, June 10- Mexican state oil company Pemex said on Wednesday it had made one of its biggest discoveries in years, unveiling new shallow water oil fields in the southern Gulf of Mexico that could produce 200,000 barrels per day by mid-2018. The total proven, probable and possible reserves of the fields could be as high as 350 million barrels of...

  • Why does HSBC like Mexico, but want to quit Brazil? Tuesday, 9 Jun 2015 | 8:10 AM ET
    A worker looks up while changing a drill pipe on the Laurus oil drilling rig operated by Petroleos Mexicans (Pemex) in the Ku-Maloob-Zaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico.

    Headlines about Mexico have been dominated by violence, corruption and weak growth. However, the country's fortunes may be revived, with banks like HSBC interested in investing.

  • Mexico elections are always eventful: Sartori Tuesday, 9 Jun 2015 | 4:30 AM ET
    Mexico elections are always eventful: Sartori

    Discussing Mexico's recent elections, Juan Sartori, president and founder at Union Group, says that Mexico is one of the Latin American economies that is doing well.

  • NEW YORK/ MEXICO CITY, June 9- Almost a year after Mexico opened its energy market to private investors, North American firms are rushing south to decide which pipeline or power plant to invest in. Though the money tap could eventually open, given the promise afforded by Mexican natural gas, oil and renewable energy projects, some of the reluctance to ink deals may be...

  • MEXICO CITY, June 8- Mexican President Enrique Pena Nieto was close to retaining a slim majority in the lower house of Congress on Monday despite losing support in mid-term elections marked by anger over corruption, gang violence and weak economic growth. By Monday morning, with 85 percent of polling station returns in, preliminary results showed Pena Nieto's...

  • MEXICO CITY, June 8- Mexican President Enrique Pena Nieto's slim working majority in the lower house of Congress hung in the balance on Monday after mid-term elections held amid widespread anger over corruption, gang violence and weak economic growth. By early Monday morning, with nearly three-quarters of polling station returns, preliminary results showed...