Business News Central America

  • President Andres Manuel Lopez Obrador this week said Romero Deschamps was under investigation, and on Wednesday he revealed the union boss could face prosecution over two unspecified complaints filed against him. Lopez Obrador on Tuesday suggested that Romero Deschamps might consider quitting to address the allegations. Romero Deschamps, a former...

  • MEXICO CITY, Oct 16- Mexican billionaire Carlos Slim said on Wednesday that he expects his investments in Mexico to total more than 100 billion pesos over the course of the administration if his companies receive contracts to build key infrastructure projects.

  • MEXICAN BILLIONAIRE SLIM SAYS GOVERNMENT'S PLANS FOR THE ISTHMUS OF OAXACA ARE UNCLEAR, INVESTMENTS IN PORT OF SALINA CRUZ ARE MOST IMPORTANT.

  • *Drug violence has scarred Mexico, rattled companies. *Cautious approach crimps Mexico startup scene. *Mexico received $175 million venture capital in 2018.

  • MEXICO CITY, Oct 15- A gunfight between security forces and armed civilians in Mexico's southwestern state of Guerrero killed 15 people on Tuesday, authorities said, the second mass killing to shake the country in as many days. Defending his security strategy after suspected cartel gunmen killed 13 police a day earlier in the neighboring western state of...

  • NEW YORK, Oct 15- India wants to comply with global sanctions, including U.S. sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests, Finance Minister Nirmala Sitharaman said in an interview on Tuesday. The United States in January imposed the toughest sanctions yet on Venezuela's oil industry.

  • NEW DELHI/ MEXICO CITY, Oct 15- India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating U.S. sanctions, three sources with knowledge of the transactions said. The United States in January prohibited U.S.-dollar transactions for oil sales from Venezuela's...

  • DUBAI/ MEXICO CITY, Oct 13- Emirates still has the right to offer flights to Mexico City, the Dubai state-owned carrier said on Sunday, after Mexican airline Aeromexico disputed an agreement between the United Arab Emirates and Mexico. Emirates said earlier this year it would start daily flights to Mexico City International Airport via Barcelona in December,...

  • Unipec, the trading arm of China's Sinopec, Swiss trader Trafigura AG, oil firm Equinor ASA, Exxon Mobil Corp and others are shunning contracts or vessels that might put them in jeopardy of violating U.S. sanctions on Venezuela, according to sources and documents. The United States in early August ratcheted up sanctions on Venezuela, adding measures that could...

  • CARACAS, Oct 9- Venezuela's cash-strapped state-run oil company PDVSA expects crude output to rebound to above 1.2 million barrels per day next year, according to a copy of the company's 2020 budget seen by Reuters, a figure nearly double current levels. Oil production in Venezuela has collapsed this year after the United States imposed sanctions on PDVSA, part...

  • HOUSTON, Oct 8- Citgo Petroleum Corp this week named a former BP lawyer to take on the company's top legal job as it faces creditors seeking to seize shares in the U.S.-based refiner over parent PDVSA's debts. Jack Lynch, who spent 18 years working for BP in Houston, London and Cleveland, Ohio, was named vice president of legal and government affairs, according to...

  • MEXICO CITY, Oct 7- The U.S. economy is clearly entering a period of deceleration, Mexican Finance Minister Arturo Herrera said on Monday.

  • GM TEMPORARILY LAYING OFF 415 WORKERS IN MEXICO AT RAMOS ARIZPE AFTER IT IDLES V8 ENGINE LINE, CVT TRANSMISSION LINE- STATEMENT.

  • MEXICO CITY, Oct 7- Those who believe that walls will halt migration are mistaken, Guatemala's President-elect Alejandro Giammattei said at an event in Mexico City on Monday. Giammattei, who takes office in January, added he would sign an "open skies" agreement with Mexico that month, and aimed to create a duty free zone in the Caribbean port of Livingston.

  • GUAYAQUIL, Ecuador, Oct 4- Ecuador's President Lenin Moreno said on Friday he was open to talks with protesters but would not withdraw his decision to cut fuel subsidies that have triggered the worst unrest in years. There will be mechanisms to ease the impact on some sectors, "he told reporters in the coastal city of Guayaquil. "We're ready to do that, but under no...

  • HOUSTON, Oct 4- Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, placing new pressure on the U.S. sanctioned country and on global crude freight rates. The largest publicly-traded oil producer's contract clause would affect about 250 tankers, two of the...

  • Oct 1- The United Auto Workers union said on Tuesday it rejected a new comprehensive offer from General Motors Co to end a two-week-old strike, saying the automaker came up short on several fronts including wages, healthcare and temporary workers. Also on Tuesday, GM said the strike by U.S. workers forced it to halt production at its pickup and transmission plants...

  • Oct 1- The United Auto Workers union said on Tuesday it rejected a new comprehensive offer made by General Motors Co to end a two-week-old strike, saying it came up short on a number of fronts. Also on Tuesday, GM said the ongoing strike by U.S. workers forced it to halt production at its pickup and transmission plants in Silao, Mexico, resulting in temporary layoffs of...

  • Oct 1- General Motors Co said Tuesday an ongoing strike by U.S. workers has forced it to halt production at its pickup and transmission plants in Silao, Mexico, temporarily laying off 6,000 workers. About 48,000 UAW members went on strike on Sept. 16 seeking higher pay, greater job security, a bigger share of the leading U.S. automakers profit and protection of their...

  • Investment in Mexico has been unsettled by President Andres Manuel Lopez Obrador, who took office in December pledging to ramp up growth. That led to a renegotiation which he said would save Mexico $4.5 billion. Lopez Obrador's criticism of the last government's opening of the oil and gas sector to private capital has also raised concern about his desire to...