Business News Central America

  • MEXICO CITY, Aug 12- Mexico's Interjet said on Monday that a judge has suspended an order for the airline to pay off fiscal debt and that it is challenging the tax authority's assessment of what it owes.

  • MEXICO CITY, Aug 12- The Mexican central bank is expected to hold its benchmark interest rate steady on Thursday, according to a Reuters poll, even as analysts increasingly brace for a possible rate cut to lift the country's misfiring economy. Eleven of the 16 analysts and economists surveyed by Reuters said they expect the Bank of Mexico to keep the key lending...

  • MEXICO CITY, Aug 12- The Mexican central bank is expected to hold its benchmark interest rate steady on Thursday, according to a Reuters poll, even as analysts are increasingly bracing for the possibility of a rate cut to lift the country's misfiring economy. Eleven of the 16 analysts and economists surveyed by Reuters said they expect the Bank of Mexico to keep...

  • MEXICO CITY, Aug 10- Several of Mexico's largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would only accept cash payments. Reuters witnesses in Mexico City said they had their cards declined at different stores and saw others that...

  • MEXICO CITY, Aug 9- Japan's SoftBank Group Corp is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company's interest in Mexico as it pours money into Latin America. Since announcing a $5 billion Innovation Fund focused on Latin America in March,...

  • MEXICO CITY, Aug 8- If Brussels does not show flexibility on amending the terms of Britain's withdrawal from the European Union, it will have to take responsibility for a no-deal scenario, U.K. Foreign Secretary Dominic Raab said on Thursday.

  • Citibanamex said Medina Mora died of amyotrophic lateral sclerosis, a form of motor neuron disease. Medina Mora was a powerful executive at what became Citi's most important foreign unit, credited with turning a laggard Mexican lender into a lifeboat for the large U.S. bank as it rebounded from the 2007-2009 financial crisis. Medina Mora was the third...

  • LONDON, Aug 6- British foreign minister Dominic Raab will travel to Canada, the United States and Mexico this week to seek to boost ties with non-European countries ahead of Brexit, his office said. Raab was appointed last month by new Prime Minister Boris Johnson, who has promised to take Britain out of the European Union by the end of October, with or without an exit...

  • Beijing on Monday allowed the yuan to fall below the key 7.00 per dollar level and later said it would stop buying U.S. agricultural products, inflaming a worsening trade war with the United States. Brazil's real extended losses to a sixth straight session, down 1.8% at a two-month low, while Sao Paulo's main stock index gave up 2.6% in its worst session since...

  • Aug 5- U.S. cyber security firm Cloudflare on Monday said the company will terminate online message board 8 chan as its customer after a shooter used the messaging forum just before killing 20 people at a Walmart store in El Paso, Texas on Saturday. The shooter is believed to have posted a four-page statement on 8 chan, and called the Walmart attack "a response to the...

  • July 31- Latin American currencies weakened against a strong dollar on Wednesday after the U.S. Federal Reserve cut interest rates as expected, but chief Jerome Powell's comments disappointed investors who had hoped for a more dovish stance. Simon Harvey, an FX analyst at Monex Europe pointed to Powell striking a more hawkish tone at the news conference...

  • MEXICO CITY, July 31- Mexico narrowly avoided slipping into a recession during the first half of 2019 as gross domestic product grew by a fraction in the second quarter, data showed on Wednesday, but economic weakness persisted across the board. A preliminary estimate published by the national statistics agency showed that Mexico's economy, Latin America's...

  • MEXICAN FINANCE MINISTER HERRERA SAYS EXPECTS TO ENTER PERIOD OF POSITIVE GROWTH IN SECOND HALF OF YEAR.

  • MEXICAN FINANCE MINISTER HERRERA SAYS NO RISK OF ENTERING PERIOD OF NEGATIVE GROWTH IN COMING QUARTERS.

  • MEXICAN FINANCE MINISTER HERRERA SAYS NOT PROPOSING LEGAL CHANGES FOR THE USE OF MEXICO'S STABILIZATION FUND.

  • Vice President Mike Pence on Tuesday said that a new U.S.- Mexico- Canada trade deal needs to be approved without delay, but Democrats and organized labor said certain provisions must first be improved. "Canada has already begun to make it through the legislative process, Mexico has already begun making changes that we asked for.... The agreement, which leaders from...

  • July 30- Concerns about U.S.- China trade tensions and anxiety ahead of the U.S. President Donald Trump warned China against waiting out his first term to finalize any trade deal, saying the outcome could be no agreement or a worse one if he won a second term. "With cross-currents persisting and inflation remaining subdued, we look for the Fed to leave the door open...

  • July 25- Mexican cement maker Cemex SAB de CV on Thursday reported a 3% fall in quarterly sales, hurt by lower volumes in all its markets except the United States, sending the company's shares lower in morning trading. "Mexico in particular has been affected by these factors, which led to lower-than-expected volumes." Jaime Muguiro, Cemex's president of South...

  • July 25- Mexican cement producer Cemex SAB de CV on Thursday posted a 3% fall in quarterly sales, hurt by lower volumes in key markets such as Mexico. Chief Executive Officer Jaime Muguiro said cement demand trends remained positive in Colombia, but it was not enough to offset increases in coal, electricity and distribution costs in Colombia, and weaker markets...

  • However, Chief Executive Officer Jaime Muguiro said cement demand trends remained positive in Colombia, but it was not enough to offset increases in coal, electricity and distribution costs in Colombia, and weaker markets across Central America. Monterrey- based Cemex, which operates in more than 50 countries, has been waging a campaign to cut costs and divest...