Business Mexico

  • OTTAWA, Oct 30- This weekend's meetings of the Group of 20 leading nations are likely to keep pushing Europe and the United States to confront their debt troubles, Canadian Finance Minister Jim Flaherty said on Tuesday.

  • MEXICO CITY, Oct 30- Mexican cement maker Cemex said on Tuesday it would join a clean energy fund that is expected to raise $300 million through a public offer of certificates on the Mexican stock exchange. In February, the Monterrey- based company said it planned to create an investment fund this year that would finance some $1 billion in energy projects.

  • LONDON, Oct 29- Global banking regulators are investigating why banks use such a wide variety of ways to assess risk amid fears the current method for calculating capital safety cushions is not safe and is being gamed.

  • TORONTO, Oct 29- Production at General Motors Co's Oshawa, Ontario, plant slowed to a crawl on Monday as a strike at Lear Corp cut off supplies of car seats used in vehicles assembled there, the Canadian Auto Workers union said.

  • BOGOTA, Oct 29- Mexico's top cement maker Cemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from Oct. 29 to Nov. 6, the company said. Cemex has set a range of between 11,000 and 13,500 Colombian pesos per share for the offering of about 24 percent of its Cemex Latam Holdings unit.

  • FRESNO, Calif.-- Two decades ago, Mi Pueblo Food Center began modestly as a small butcher shop run by an illegal immigrant. "We are feeling what is happening to us in a way that most companies might not, because we are founded by an immigrant and depend on immigrants to survive," said Perla Rodriguez, spokeswoman for the San Jose, Calif- based company.

  • MEXICO CITY, Oct 26- Mexico's central bank said on Friday it could tighten monetary policy soon for the first time in four years if inflation persists and price pressures do not abate.

  • *Declines to say directly if Spain should seek aid. Mexico will host finance ministers and central bankers from the bloc of advanced and developing countries next weekend at a meeting that is expected to focus heavily on Europe's ongoing debt crisis, with Spain tipped as the next country to seek aid.

  • Shares of Dean Foods Co spin-off closed at $16.75 after pricing at $17 on Thursday evening. Reuters reported late on Thursday that Mexico's Grupo Lala, Michael Foods and Apollo were eyeing the Morningstar business, which could be valued between $1 billion and $1.5 billion.

  • Mexico will host finance ministers and central bankers from the bloc of advanced and developing countries next weekend at a meeting that is expected to focus heavily on Europe's ongoing debt crisis, with Spain tipped as the next country to seek aid.

  • Shares of the Dallas, Texas- based Dean Foods Co spin-off changed hands at $16.87, after pricing at $17 on Thursday evening. Reuters reported late on Thursday that Mexico's Grupo Lala, Michael Foods and Apollo were eyeing the Morningstar business, which could be valued between $1 billion and $1.5 billion.

  • Asked if struggling Spain should seek financial aid, he said it was up to countries to take their own decisions but that in general, firewalls had to be used for them to be effective. Spain is under pressure to seek a bailout as it struggles to cope with high government debt and the cost of recapitalizing its banks.

  • MEXICO CITY, Oct 26- Mexico's central bank said it could tighten monetary policy soon if inflation shocks persist, but left the benchmark interest rate unchanged on Friday, as expected.

  • Oct 26- Consumer products maker Newell Rubbermaid Inc said it will cut about 2,000 jobs, or slightly more than 10 percent of its staff, over the next 2-1/ 2 years, joining a slew of U.S. companies trying to counter slowing sales by reducing costs.

  • Oct 26- Consumer products maker Newell Rubbermaid Inc said it will cut about 2,000 jobs, or slightly more than 10 percent of its staff, over the next 2-1/ 2 years, joining a slew of U.S. companies trying to counter slowing sales by reducing costs.

  • MEXICO CITY-- Laughter was a serious matter at a clown convention in the Mexican capital, where hundreds of the performers gathered this week to discover some of the secrets of making people laugh. The most important lesson at the four-day event was the difference between being a simple joker and a top-notch merry-maker.

  • *Dean Foods' Morningstar draws strategic, PE interest. NEW YORK, Oct 25- Dean Foods Co's Morningstar business has attracted takeover interest from Michael Foods and Mexican dairy company Grupo Lala, people familiar with the matter said, in a deal that could be valued in the $1 billion to $1.5 billion range.

  • WASHINGTON, Oct 25- China has lost $3.79 trillion over the past decade in money smuggled out of the country, a massive amount that could weaken its economy and create instability, according to a new report.

  • *Dean Foods' Morningstar draws strategic, PE interest. NEW YORK, Oct 25- Dean Foods Co's Morningstar business has attracted takeover interest from Michael Foods and Mexican dairy company Grupo Lala, people familiar with the matter said, in a deal that could be valued in the $1 billion to $1.5 billion range.

  • MEXICO CITY-- Mexican telecommunications company America Movil says its profits jumped 66.8 percent in the third quarter from the same period last year, reaching 30.6 billion pesos. America Movil also expanded its cellphone customer base. America Movil SA is Latin America's biggest telecom company.