Business News Mexico City

  • 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...

  • Carlos Salazar, head of the Business Coordinating Council, known as CCE, said the pledge was helped by assurances from President Andres Manuel Lopez Obrador, who signed an investment pact with the council and other representatives of Mexico's private sector. Mexico's economy has struggled since Lopez Obrador took office in December. Lopez Obrador, a leftist...

  • LIMA/ MEXICO CITY, June 13- China's Huawei is in the process of potentially launching its "Hongmeng" operating system to replace the U.S. Data from a U.N. body showed that Huawei Technologies Co Ltd is aiming to trademark the OS in at least nine countries and Europe, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model.

  • MEXICO CITY, June 13- An executive of China's Huawei, which has been banned from working with U.S. tech firms, said on Thursday that the telecoms giant is in the process of potentially launching its "Hongmeng" operating system to replace the U.S. Andrew Williamson, vice president of Huawei Technologies Co Ltd's public affairs and communications, said in an...

  • MEXICO CITY, June 12- Mexican business leaders will sign a pact with President Andres Manuel Lopez Obrador on Thursday to foster investment, Mexico's top business association said, potentially heralding an improvement in sometimes tense relations between the two sides. The Business Coordinating Council said in a statement the accord to promote "investment...

  • MEXICO CITY, June 11- Mexico is preparing to announce plans to boost private sector investment in transport and communications, Deputy Finance Minister Arturo Herrera said on Tuesday.

  • MEXICO CITY, June 11- Mexico's government must address concerns flagged by rating agencies over the sustainability of the country's finances following debt downgrades last week, Mexican Central Bank Governor Alejandro Diaz de Leon said on Tuesday. Fitch last week cut Mexico's sovereign credit rating and then became the first major ratings agency to...

  • MEXICO CITY, June 11- Mexico will hold "high-level" meetings with Chinese officials in Beijing in early July after a summit of the Group of 20 global powers in Japan, Mexican Foreign Minister Marcelo Ebrard said on Tuesday. Ebrard, who is due to attend the G20 summit in the Japanese city of Osaka in late June, said the meeting with China would be "very important," without...

  • *China says it is open to more talks with U.S. Since two days of talks to resolve the U.S.- China trade dispute last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting.

  • *China says it is open to more talks with U.S. Since two days of trade talks last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet Chinese President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting.

  • WASHINGTON/ MEXICO CITY, June 7- The United States and Mexico struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrants. In a joint declaration after three days of talks in Washington, both countries said Mexico agreed to...

  • *U.S.- Mexico negotiators in third day of talks on migration issue. President Donald Trump said on Friday there was a "good chance" that the United States would be able to reach a deal with Mexico over a surge of migrants on their common border, although his administration was still pushing ahead with a plan to slap import tariffs on all Mexican goods next week.

  • WASHINGTON/ MEXICO CITY, June 7- The Trump administration pushed ahead on Friday with a plan to slap a 5% tariff on imports from Mexico, as the two sides started a third day of talks to reach a deal to stem the flow of mostly Central American migrants into the United States. President Donald Trump has threatened to impose the levies starting on June 10 if Mexico does...

  • WASHINGTON/ MEXICO CITY, June 7- U.S. and Mexican negotiators resumed migration talks on Friday as the two sides edged closer to a trade war that could hobble both countries' economies and rattle investors already nervous about Washington's escalating battle with China. President Donald Trump has warned that tariffs of 5% will be imposed on all Mexican exports...

  • *Dryness in Australia, Russia threatens to cut wheat yields. CHICAGO, June 6- Chicago wheat futures rose on Thursday, rebounding after two days of deep losses, with support from dry weather that is expected to reduce yields in Russia and Australia. Plains and Midwest that threaten winter wheat quality, as well as the spillover impact of ongoing trade tensions...

  • MEXICO CITY, June 5- In a double blow for Mexico, credit ratings agency Fitch downgraded the nation's sovereign debt rating on Wednesday, citing risks posed by heavily indebted oil company Pemex and trade tensions, while Moody's lowered its outlook to negative. Cutting Mexico's rating to BBB, nearing junk status, Fitch said the financial woes of state oil company...

  • SAO PAULO, June 5- Mexican importers, who usually buy their corn from the United States, have booked a 35,000- tonne corn cargo from Brazil, amid a trade spat between Washington and Mexico City. "It is not common to see Brazilian corn exports to Mexico, and there is all this issue with possible U.S. tariffs," said Lucas Pereira, an FCStone grains analyst in Brazil.

  • WASHINGTON, June 5- Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods next week, even as their government prepared to retaliate if duties go ahead. President Donald Trump unexpectedly told Mexico last week to take a harder line on curbing...

  • June 4- Mexico's peso bounced up after a big two-day slide, as Mexico reported progress on talks with Washington to avoid tariffs, while other regional currencies firmed after a speech by Federal Reserve Chair Jerome Powell made some investors believe a rate cut could be on the way. Mexico's peso rebounded as much as 1%. Mexican President Andres Manuel Lopez...