Business News Mexico

  • MEXICO PRESIDENT SAYS WILL SEND LETTER TO US DEMOCRATS VOWING COMMITMENT TO IMPLEMENT LABOR REFORM, VERY IMPORTANT TO RATIFY USMCA TRADE DEAL.

  • 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,...

  • HOBBS, N.M., Oct 13- New Mexico oil man Johnny Vega laid out his predicament as his crew hoisted pipes from a well during the biggest oil boom in U.S. history. There is no shortage of Hispanic and Latino immigrant workers without work permits he could hire in Lea County, New Mexico- the No.2 oil-producing county in the United States. Employers like Vega in the Permian...

  • SAO PAULO, Oct 11- Brazilian financial technology start-up Nubank now has 15 million clients, the firm's chief executive said on Friday, a figure which underlines the rapid growth of the Sequoia Capital- backed venture in Latin America's largest economy. Nubank founder and CEO David Vélez disclosed the figure, which marks a 25% increase from the total it...

  • DETROIT/ WASHINGTON, Oct 11- General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of the automaker's latest offer aimed at ending a month-long strike, angering the union with which it is negotiating. While emphasizing GM's commitment to the collective bargaining process, the letter, signed by...

  • DETROIT/ WASHINGTON, Oct 11- General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of the automaker's latest offer aimed at ending a month-long strike, angering the union with which it is negotiating. While emphasizing GM's commitment to the collective bargaining process, the letter, signed by...

  • Oct 11- The Mexican peso hit a two-month high on Friday, while Latin American stocks jumped nearly 2% as optimism over U.S.- China trade talks and a Brexit deal spurred a rush for risky assets. Investors are hoping the two sides will agree to a deal that could avert further retaliatory measures, while expectations of a last-minute Brexit deal between the European...

  • SANTIAGO, Oct 11- Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market. Santiago- based Cornershop operates in Mexico, Chile, Canada and Peru, but Chief Executive Oskar Hjertonsson said the deal would allow it to deliver...

  • DETROIT/ WASHINGTON, Oct 11- General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of the automaker's latest offer aimed at ending a month-long strike. While emphasizing GM's commitment to the collective bargaining process, the letter, signed by Gerald Johnson, executive vice-president for...

  • SANTIAGO, Oct 11- Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market. Santiago- based Cornershop operates in Mexico, Chile, Canada and Peru, but Chief Executive Oskar Hjertonsson said the deal would allow it to deliver...

  • SANTIAGO, Oct 11- Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market. Santiago- based Cornershop operates in Mexico, Chile, Canada and Peru, but Chief Executive Oskar Hjertonsson said the deal would allow it to deliver...

  • MEXICO CITY, Oct 11- Mexican President Andres Manuel Lopez Obrador said on Friday he had sent a letter to U.S. House Speaker Nancy Pelosi urging her to work towards the approval of a new North American trade deal between the United States, Mexico and Canada. Democratic lawmakers were concerned about the working conditions of Mexican workers following a visit by a...

  • The brokerage has assumed the strike by the United Auto Workers union, currently in its 26- day, to last until Oct. 21. GM, which likely lost production of about 100,000 vehicles in the third quarter, is at the risk of losing another 170,000 vehicles in the current quarter, the brokerage said, with the impact spreading to some of GM's facilities in Mexico and Canada...

  • Oct 11- Hopes of a breakthrough in U.S.- China trade talks put emerging- market stocks on course for their biggest percentage gain in a month on Friday, while South Africa's rand, the Korean won and the Chinese yuan all gained as the dollar weakened. The MSCI index of developing world stocks jumped 1% and the trade-sensitive stocks of South Korea, Hong Kong and India...

  • President Donald Trump and his top diplomat said on Thursday they supported Brazil's taking steps toward joining the Organization for Economic Cooperation and Development, although it is first backing accession by Argentina. Trump said in a Twitter post that a joint statement he released with Brazilian President Jair Bolsonaro in March "makes absolutely...

  • SAO PAULO, Oct 10- Alphabet Inc's Google expects to triple its customer workforce to support cloud computing services in Latin America by the end of next year, Google Cloud's director in Brazil, João Bolonha, said on Thursday. "This growth has already started and weve been expanding teams in Brazil, Mexico, Chile, Argentina and Colombia," he told journalists at the...

  • 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...

  • BRASILIA, Oct 10- The U.S. government has not formally backed Brazil's bid to join the Organization for Economic Cooperation and Development despite a public endorsement by President Donald Trump, according to two Brazilians who saw a U.S. letter to the OECD. Secretary of State Mike Pompeo backed the bids by Argentina and Romania but made no mention of Brazil.

  • Oct 10- General Motors Chief Executive Mary Barra met with senior United Auto Workers officials to discuss the No. 1 U.S. automaker's most recent proposal to end a more than three-week-old strike that has cost it over $1 billion, a union spokesman said on Thursday. Apart from costing GM more than $1 billion, the work stoppage has forced it to idle operations along...

  • BRASILIA, Oct 10- The U.S. government has not backed Brazil's bid to join the Organization for Economic Cooperation and Development despite a public endorsement by President Donald Trump, according to two Brazilians who saw a U.S. letter to the OECD. Secretary of State Mike Pompeo backed the bids by Argentina and Romania but made no mention of Brazil.