Business Mexico

  • MEXICO CITY, Nov 4- Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth.

  • *Q3 GDP growth 6.17 pct year-on-year, vs forecast 6.21 pct. JAKARTA, Nov 5- Indonesia's economy grew 6.2 percent in the third quarter from a year earlier, in line with forecasts, as the global downturn finally began to drag on a country whose resilience has attracted a flood of foreign investment this year.

  • MEXICO CITY, Nov 4- Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth.

  • MEXICO CITY, Nov 4- China will continue to buoy the global economy even if the Asian giant's growth stabilizes at current levels of 7-8 percent a year, Australian Treasurer Wayne Swan said on Sunday. Australia is heavily dependent on China as a buyer for its commodity exports and recent upbeat data has fanned hopes that China's economy may be picking up.

  • MEXICO CITY, Nov 4- Finance chiefs of leading economies pressed the United States on Sunday to avert a rush of spending cuts and tax hikes that could hurt global output next year, though some countries still saw Europe's debt crisis as the No. 1 danger.

  • MEXICO CITY, Nov 4- The world's biggest economies will soon discuss how to punish countries that fail to implement tougher new bank rules in a crucial test of their resolve to prevent another financial crisis, officials said.

  • NEW YORK- With freezing temperatures forecast, tens of thousands of people hit by superstorm Sandy need temporary housing, but New York officials say it is not immediately clear where they could all be sheltered.

  • *Seoul concerned about recent volatility of won exchange rate. MEXICO CITY, Nov 4- South Korea will not hit its 2012 GDP target of 3.3 percent growth after three slow quarters, but expects recent stimulus measures to drive a modest rebound in the fourth quarter, Finance Minister Bahk Jae- wan said on Sunday.

  • MEXICO CITY, Nov 4- Finance chiefs of leading economies pressed the United States on Sunday to avert a series of spending cuts and tax hikes that could hurt global output, though some countries saw Europe's debt crisis as the No. 1 danger.

  • MEXICO CITY, Nov 4- Finance chiefs of leading economies pressed the United States on Sunday to avert a series of spending cuts and tax hikes that could hurt global output, though some countries saw Europe's debt crisis as the No. 1 danger.

  • MEXICO CITY, Nov 4- Finance chiefs of leading economies pressed the United States on Sunday to show how it can avert a series of spending cuts and tax hikes that could hurt global output, though some countries saw Europe's debt crisis as the No. 1 danger.

  • MEXICO CITY, Nov 4- Finance chiefs of the world's leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe's debt woes at a meeting in Mexico this weekend as they look to push back deficit reduction targets to help boost growth.

  • *US budget uncertainty looms large over Mexico meeting. MEXICO CITY, Nov 4- Finance chiefs of the world's 20 leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe's debt woes at a meeting in Mexico this weekend as they look to push back deficit reduction targets to help boost growth.

  • MEXICO CITY, Nov 4- Countries may face sanctions if they fail to implement new rules aimed at safeguarding the global banking system from another financial crisis, a senior Mexican finance official said.

  • *US budget uncertainty looms large over Mexico meeting. MEXICO CITY, Nov 4- Finance chiefs of the world's 20 leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe's debt woes at a meeting in Mexico this weekend as they look to push back deficit reduction targets to help boost growth.

  • NEW YORK-- The lights went back on Saturday in lower Manhattan, prompting screams of sweet relief from residents who'd been plunged into darkness for nearly five days by Superstorm Sandy. But nowhere was the scene more confused than at a refueling station in Brooklyn, where the National Guard gave away free gas.

  • WASHINGTON, Nov 2- Europe's financial crisis remains the biggest hurdle to global economic recovery and will be in focus at a meeting of world finance chiefs in Mexico City this weekend, a senior U.S.

  • Geller, 64, had been CEO of Strategic Hotels since it was founded in 1997. He said that with the company's recent accomplishments and his second novel set to be published this month, it seemed to be an excellent time to hand over leadership to focus on a "myriad of other activities" in his life.

  • WASHINGTON, Nov 2- The contentious U.S.- China trade relationship has been a major issue in the U.S. race for the White House, with President Barack Obama defending his record and Republican challenger Mitt Romney promising tougher tactics if elected.

  • *Raised exposure to US, Japan, Mexico, South Korea, Russia. OSLO, Nov 2- Norway's $660 billion sovereign wealth fund continued its long-term plan to cut investments in Europe in the third quarter, slashing its holdings of Spanish and French debt just as those countries try to recover investors' trust.