Business Mexico

  • A Petroleos Mexicanos (PEMEX) oil rig near the shores of the state of Campeche, Mexico.

    Oil production in Mexico's aging fields is sagging so rapidly that the country, long one of the world’s top oil-exporting countries, could begin importing oil within the decade. The New York Times explains.

  • Factory Emissions

    Look for President Obama to sign climate change legislation into law in April, a barrage of carbon footprint commercials on TV, a sustainability label from Walmart and the election of green governors.

  • The price of oil looks set to rise further as political factors limiting investment will join rising demand and a weak dollar among factors pushing up prices, analysts told CNBC Wednesday.

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    Citigroup could be forced to sell its Mexican subsidiary Banamex as Mexico’s Supreme Court is set to investigate claims that the U.S. government's involvement is illegal, according to a report in the Financial Times.

  • Christ the Redeemer statue, Rio de Janeiro, Brazil

    South America, which boasts a range of basic resources and agriculture, is showing signs of rebounding from the global recession. But political uncertainty continues to plague the continent.

  • Auto worker works on assembly line at GM Lansing Grand River plant.

    General Motors is engaged in negotiating a reorganization that could increase vehicle imports from its plants in Mexico and Asia while closing factories and cutting the work force in the United States.

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    Traffic is picking up again, cafes are reopening and cleanup crews are getting universities ready to resume classes. Mexico City has some of its customary bustle back, and the president promises life is returning to normal after a five-day shutdown to contain the spread of swine flu.

  • Plus, Cramer makes the call on retail, health care and more.

  • Pharmacist wearing face mask

    Mexico has lowered its estimated death toll from new influenza strain referred to as swine flu to 101 from as many as 176. Italy reported its first case of the H1N1 virus.

  • Riders on the subway in Mexico City

    With governments scrambling, global health organizations offering dire warnings, flu masks flying off the shelves and the news media running around-the-clock coverage of the imminent swine flu ‘pandemic’, is the hype more out of control than the virus itself?

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    As reports continue to come in about the swine flu and travel, it's important to remind you that there's a great deal of difference between an abundance of concern and the worst four letter word that starts with f --- FEAR, writes travel expert, Peter Greenberg.

  • Swine flu could affect commodities prices, especially oil, as demand may shrink on fears of a further economic slump because of a worldwide epidemic, Eugen Weinberg, senior commodity analyst at Commerzbank, told CNBC.

  • "The Arch" is an iconic landmark in Cabo

    “It’s the worst I’ve seen," said a Cabo San Lucas restaurant owner, "It is definitely the worst."For a Mexican tourist hotspot like Cabo, that's bad news. One of the busiest tourist seasons for the area comes during the months of March and April, coinciding with the American spring break season. Spring break, the long-time college tradition of excess and irresponsibility, is a time that many tourist destinations depend on to bolster their profits, banking on the liberal spending habits of Americans on vacation.

  • Mexico's economy is struggling even more than ours, as 40 percent of the country's GDP is based on oil, and prices are plummeting (I saw gas in LA this week for only $2.25! Ay carumba!).

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    There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them.  In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.

  • Tiger Woods

    So how is Tiger Woods, recovering from a bad knee, spending his free time? By becoming a home builder! Woods has just announced his third golf course community, south of the border in Ensenada, Mexico. Called "Punta Brava" ("wild point"), it will be built along a seven-mile rocky peninsula extending into the ocean.

  • Tropical Storm Dolly headed for Mexico's Yucatan Peninsula on Sunday bearing heavy rains and winds, but it posed no immediate threat to Gulf oil installations slightly south of its projected path.

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    SABMiller, the world's largest brewer, has held informal discussions with Grupo Modelo and InBev to explore options including a merger of Modelo and SABMiller, according to sources familiar with the situation.

  • Are surging food & energy prices making emerging markets too risky for investors?

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    Anheuser-Busch said Friday that Carlos Fernandez, chairman and chief executive of Mexican brewer Grupo Modelo, has resigned from the U.S. brewer's board of directors.