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Business Central America

  • MEXICO CITY— The latest on the crash of an airliner in Cuba:. Nineteen-year-old Mailen Diaz and 39- year-old Emiley Sanchez are hospitalized in Havana. Both are from the eastern Cuba city of Holguin.

  • CIUDAD VICTORIA, Mexico— At least 200 demonstrators have blocked a major commercial bridge between Mexico and Texas to protest the disappearance of dozens of people in the Mexican border state of Tamaulipas. The bridge is used exclusively for cargo traffic traversing the border between Nuevo Laredo in Tamaulipas and Laredo, Texas. Demonstrators were...

  • MEXICO CITY— Mexican authorities temporarily suspended a charter company which owned a passenger jet that crashed in Cuba, while Cuban media said one of three survivors died Monday, increasing the death toll to 111.. Mexico's General Directorate of Civil Aviation said in a statement that the suspension was ordered to allow an "extraordinary" review to verify...

  • VATICAN CITY, May 20- Pope Francis said on Sunday he would elevate 14 churchmen from five continents to the rank of cardinal, picking candidates who work with the poor or where Catholics are in a minority and putting his stamp on the group that will elect his successor. Making the surprise announcement during his weekly Sunday address, the pope said the new...

  • *Pope Francis announces his 5th consistory for June 29. VATICAN CITY, May 20- Pope Francis said on Sunday he would elevate 14 churchmen from five continents to the rank of cardinal, picking candidates that work with the poor or where Catholics are in a minority and putting his stamp on the group that will elect his successor. Making the surprise announcement during...

  • WASHINGTON/ NEW YORK, May 17- The top U.S. trade official on Thursday poured cold water on the prospect of an imminent breakthrough in talks to rework the North American Free Trade Agreement hours after Canada's prime minister struck a positive note. The future of trade talks between the United States, Mexico and Canada was in limbo as a Thursday deadline passed to...

  • MEXICO CITY, May 17- China's fourth-largest bank by assets is pushing into the Mexican market, aiming to meet the needs of large Chinese companies increasingly eager to expand into Mexico, a senior executive said on Thursday. "There are about 70 strong Chinese companies already investing in Mexico and Chinese financial institutions must follow them," Folino, the...

  • MEXICO CITY— The head of Mexico's central bank says there is still much authorities do not know about the apparent hack of a system used by banks to transfer money among themselves. Alejandro Diaz de Leon said Wednesday the preliminary investigation is looking at about $15 million in suspicious transfers. Diaz de Leon declines to name the institutions that...

  • WASHINGTON, May 16- The United States is still pushing for a deal to revise the North American Free Trade Agreement, the White House said on Wednesday, while a top Mexican official held out the possibility of an agreement in the coming weeks. President Donald Trump is committed to getting a better agreement with Canada and Mexico, White House press secretary Sarah...

  • WASHINGTON, May 16- The United States is pushing for a deal in negotiations on a revised North American Free Trade Agreement, the White House said on Wednesday, but Canadian and Mexican officials were not due in Washington for talks before a Thursday deadline. President Donald Trump is committed to getting a better agreement with Canada and Mexico, press...

  • BEIJING, May 16- China's biggest ride-sharing company, Didi Chuxing, will disable features such as profile pictures, ratings and public tags from its carpooling service, as it looks to win back trust following the killing of a passenger that sparked questions about safety. The 21- year-old female passenger, a flight attendant, was killed this month while...

  • SEATTLE, May 15- Mexican state-run oil company Pemex expects to begin testing light crudes as soon as July for possible import, looking to boost margins at its domestic refineries, its chief executive said on Tuesday. Pemex has for decades exported crude oil but has hardly ever imported the commodity, preferring to process domestic crudes at its six refineries...

  • HOUSTON, May 15- Venezuela's state-run oil firm PDVSA has bought nearly $440 million worth of foreign crude and shipped it directly to Cuba on friendly credit terms- and often at a loss, according to internal company documents reviewed by Reuters. But Cuba may never pay cash for the cargoes because Venezuela has long accepted goods and services from Cuba in...

  • MEXICO CITY— Mexico established a one-day waiting period on electronic money transfers of over $2,500 in the wake of a hacking attack that may have taken as much as $20 million from several Mexican banks. The head of the country's central bank, Alejandro Diaz de Leon acknowledged late Monday that a "cyberattack" was involved in shadowy transfers of between $18...

  • HOUSTON, May 15- Venezuela's state-run oil firm PDVSA has bought nearly $440 million worth of foreign crude and shipped it directly to Cuba on friendly credit terms- and often at a loss, according to internal company documents reviewed by Reuters. But Cuba may never pay cash for the cargoes because Venezuela has long accepted goods and services from Cuba in...

  • MEXICO CITY— Mexico's banking system has somehow misplaced between $18 million and $20 million in electronic transfers between banks, authorities said Monday, the latest in a series of embarrassing breakdowns that have affected debit card purchases and e-payments across the country. Mexico's central bank and regulatory agencies said they are not sure...

  • "No one is likely to shut down an active factory in Mexico and build a new one to replace that in the U.S." Tough U.S. proposals on autos are meant to bring back U.S. manufacturing jobs and central to the Trump administration's approach to renegotiating the North American Free Trade Agreement between Canada, Mexico and the United States. General Motors Co, soon to be...

  • MEXICO CITY— The top trade representatives of the United States, Mexico and Canada ended the latest round of talks on renegotiating the North American Free Trade without a deal Friday, less than a week before an unofficial deadline to get any agreement through the U.S. Congress. Mexico disagrees with U.S. attempts to get higher regional content rules in the auto...

  • WASHINGTON, May 11- Senior American, Canadian and Mexican officials on Friday ended a week of talks without a deal to modernize NAFTA, agreeing instead to resume negotiations soon, ahead of a deadline next week issued by U.S House of Representatives Speaker Paul Ryan. Trump, who blames the 1994 pact for U.S. manufacturing job losses to lower-cost Mexico, often...

  • LONDON, May 11- Oilfield services provider Petrofac Ltd has hired investment banks Barclays and HSBC to help with the sale of its oil fields in Mexico, as it prepares to scale back its oil and gas production operations, several banking sources said. The strategy didn't last and last year the company warned that the integrated energy services division would have...