Business News Mexico City

  • 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.

  • 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...

  • 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...

  • NEW YORK/ MEXICO CITY, July 22- Trading in crude oil options and futures surged last week as market participants prepared for Mexico's annual oil hedging program, in which the country buys as much as $1 billion in contracts to protect its oil revenues. This year, Mexico has faced several challenges in executing the hedge and timing has become a crucial factor.

  • MEXICO CITY, July 22- Mexico will not agree to further discussion of safe third country status for asylum seekers, the foreign minister said, adding it was not clear what the Trump administration's stance was on the issue despite a deadline reached on Monday. Secretary of State Mike Pompeo did not address an earlier deal that the two countries look at making...

  • NEW YORK/ MEXICO CITY, July 22- Trading in crude oil options and futures surged last week as market participants prepared for Mexico's annual oil hedging program, in which the country buys as much as $1 billion in contracts to protect its oil revenues. This year, Mexico has faced several challenges in executing the hedge and timing has become a crucial factor.

  • The agreement reached in June laid out that if the United States deems that Mexico has not done enough to thwart migrants by the July 22 deadline, the two countries would begin talks over changing rules to make most asylum seekers apply for refuge in Mexico, not the United States. Mexico said on Sunday it had averted the so-called "safe third country" negotiations...

  • MEXICO CITY/ SAN SALVADOR, July 21- Mexico said on Sunday it averted the so-called "safe third country" negotiations with the United States it desperately wanted to avoid after U.S. An agreement reached in June laid out that if the United States deems that Mexico has not done enough to thwart migrants by the deadline, the two countries would begin talks over...

  • MEXICO CITY, July 21- Mexico said on Sunday it averted the so-called "safe third country" negotiations with the United States it desperately wanted to avoid after U.S. Mexico argues it has followed through on its commitment to the United States to reduce migration from Central America, underscoring that apprehensions of migrants on the southern U.S. border...

  • Under the agreement, Mexico averted punitive tariffs on U.S.-bound Mexican shipments threatened by President Donald Trump by promising to cut the number of illegal migrants traveling from Central America to the U.S. border. Pompeo said in a post on Twitter that the "U.S. and Mexico share so much more than a border. Ebrard said considering the advances Mexico had...

  • MEXICO CITY, July 21- U.S. Secretary of State Mike Pompeo recognized the "significant advances of Mexican operations" in reducing migrant flows to the United States, part of a June 7 agreement between the nations, Mexico's foreign ministry said in a statement on Sunday. Pompeo met with Mexican Foreign Minister Marcelo Ebrard on Sunday in Mexico City to discuss...

  • Under the June agreement with the United States, Mexico averted punitive tariffs on U.S.-bound Mexican shipments threatened by President Donald Trump by promising to stem the flow of illegal migrants from Central America by July 22. If the United States deems that Mexico has not done enough to thwart migrants, the two countries are due to begin talks over...

  • DUBAI, July 16- Emirates is to start flights to Mexico with a stopover in Spain, a so-called fifth freedom flight that could anger critics and rival airlines in the United States and Europe. The Dubai state-owned carrier said on Tuesday it would start daily flights to Mexico City International Airport via Barcelona on Dec. 9, the airline's first service to Mexico.

  • MEXICO CITY, July 10- Mexico's new finance minister, Arturo Herrera, vowed to extend the tight fiscal grip exerted by his predecessor, moving to restore calm after the stormy departure of his former boss from the cabinet of President Andres Manuel Lopez Obrador. Mexico will not stray from a commitment to run a primary budget surplus of 1% set by former finance...

  • MEXICAN FINANCE MINISTER HERRERA SAYS TOTALLY AGREES WITH DEVELOPMENT OF SEVERAL AIRPORTS FOR MEXICO CITY.

  • MEXICO CITY, July 1- Mexico's president drew sharp rebukes about his performance from major business lobbies on Monday, the one-year anniversary of his landslide election that ousted a long-ruling party and shook investor nerves over the leftist's anti-establishment approach. "Uncertainty reigns across the country," Coparmex said in a statement,...

  • President Donald Trump, Mexico agreed last week to expand the program, which forces mostly Central American asylum seekers to return to Mexico to await the outcome of their U.S. asylum claims. Ebrard said officials would discuss which cities the program, known as Remain in Mexico, would expand to, as well as how to measure the number of people and which...

  • President Donald Trump, Mexico agreed last week to expand the program, which forces mostly Central American asylum seekers to return to Mexico to await the outcome of their U.S. asylum claims. Ebrard said officials would discuss which cities the program, known as Remain in Mexico, would expand to, as well as how to measure the number of people and which...