Business News Mexico

  • BUDAPEST- Hungarian Central Bank holds its rate-setting meeting- 1200 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting 0030 GMT. SYDNEY- Speech by Guy Debelle, RBA Deputy Governor, at the 2018 Citi Conference- 2120 GMT.

  • MEXICO CITY/ SHANGHAI, Oct 14- Mexico's Foreign Minister Luis Videgaray told his Chinese counterpart in a phone call on Saturday that Mexico's new trade deal with the United States and Canada will not impede economic relations with other countries, according to a foreign ministry statement. President Donald Trump's efforts to isolate China economically...

  • Markets recover after massive two-day sell-off

    Here's what happened this week — Rising interest rates spook markets and send stocks into a tailspin; Brett Kavanaugh is confirmed to the Supreme Court; Hurricane Michael devastates the Florida Panhandle and United Nations Ambassador Nikki Haley resigns.

  • MEXICO CITY, Oct 12- Stroll the aisles of any Oxxo in Mexico and you will find the staples of convenience store sustenance: beer, cigarettes, enough candy to keep dentists at full employment. The retailer, with more than 17,000 locations throughout Mexico, has cracked two of the biggest barriers to online shopping in the developing world: payments and pickup.

  • OTTAWA, Oct 11- Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said. President Donald Trump imposed the sanctions on Canada and Mexico in June, citing national security reasons.

  • MEXICO CITY/ CARACAS, Oct 11- Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris- based Maurel& Prom, three sources said this week, a move to scale down its crude business in the ailing OPEC- member country to focus on gas. The Anglo-Dutch company is seeking to sell its 40 percent stake in Petroregional del Lago, a joint...

  • MEXICO CITY, Oct 11- Mexico's incoming government will hold a four-day public consultation to decide the fate of the capital's new airport and will upgrade current facilities to ease congestion, a key member of the next Cabinet said on Thursday. Incoming transport minister Javier Jimenez Espriu said the public would be polled from Oct. 25 to Oct. 28 on whether to...

  • A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, DC.

    The International Monetary Fund warned on Wednesday that "a further escalation of trade tensions, as well as rising geopolitical risks and policy uncertainty in major economies, could lead to a sudden deterioration in risk sentiment."

  • A look at the emerging markets sovereign space

    Hartmut Issel of UBS Global Wealth Management why the recent movement in the Chinese markets "feels a bit like an overreaction."

  • Oct 8- Florida's governor mobilized National Guard troops and thousands of Gulf Coast residents were ordered evacuated on Monday, two days before Hurricane Michael was forecast to slam ashore with life-threatening waves, winds and rains. The storm is expected to unleash coastal storm surges of up to 12 feet along Florida's Panhandle and dump as much as a foot...

  • International Monetary Fund (IMF) managing director Christine Lagarde speaks during a press conference in Tokyo on October 4, 2018. 

    The IMF said the global economy is now expected to grow at 3.7 percent this year and next year — down 0.2 percentage points from an earlier forecast.

  • Oct 8- Florida's governor mobilized National Guard troops and ordered Gulf Coast residents to evacuate as Hurricane Michael churned toward shore on Monday, with "life threatening" storm surges, winds and flooding feared when it makes landfall on Wednesday. Michael was expected to become a major Category 3 storm by Tuesday with winds over 100 miles per hour,...

  • Oct 8- Florida's governor mobilized National Guard troops and ordered Gulf Coast residents to head inland or evacuate as Hurricane Michael churned toward shore on Monday, with the storm forecast to strengthen rapidly before making landfall on Wednesday. Michael was expected to strengthen to a major Category 3 storm by Tuesday with winds over 100 miles per...

  • Oct 8- Brazil's real firmed more than 2 percent on Monday and stocks were on track to mark their highest close in nearly five months, after a strong first-round showing for far-right presidential candidate Jair Bolsonaro raised hopes for much needed economic reforms. Investors overwhelmingly prefer Bolsonaro as they believe that he will tackle the cost of...

  • Oct 8- Mandatory evacuation orders and school closures were issued on Monday in the Florida Panhandle as Hurricane Michael was expected to strengthen rapidly before slamming into the state on Wednesday, the U.S. National Hurricane Center and county officials said. Florida Governor Rick Scott declared a state of emergency in more than 20 counties along the...

  • Oct 8- Mandatory evacuation orders and school closures were issued on Monday in the Florida Panhandle as Hurricane Michael was expected to strengthen rapidly before slamming into the state on Wednesday, the U.S. National Hurricane Center said. Florida Governor Rick Scott declared a state of emergency in more than 20 counties along the Florida Panhandle and...

  • If Democrats take House after midterms, they'll likely focus on infrastructure, expert says

    Jared Bernstein, senior fellow with the Center on Budget and Policy Priorities, and James Pethokoukis, the DeWitt Wallace Fellow at the American Enterprise Institute, discuss how the Trump administration's policies may be impacted if the Democrats take control of the House of Representatives in the November midterm elections.

  • Oct 8- Tropical Storm Michael became a hurricane on Monday and was expected to strengthen rapidly before hitting the Florida Panhandle on Wednesday, packing winds of at least 100 miles per hour, the U.S. National Hurricane Center said. Florida Governor Rick Scott declared a state of emergency in more than 20 counties along the Florida Panhandle and Big Bend.

  • Oct 8- Tropical Storm Michael became a hurricane on Monday and was expected to strengthen rapidly before hitting the Florida Panhandle midweek, packing winds of at least 100 miles per hour, the U.S. National Hurricane Center said. Florida Governor Rick Scott declared a state of emergency in more than 20 counties along the Florida Panhandle and Big Bend.

  • Oct 8- Tropical Storm Michael is expected to become a hurricane on Monday and was on track to hit the Florida Panhandle midweek, with the potential to pack winds of at least 100 miles per hour, the U.S. National Hurricane Center said. After hitting Florida, Michael will move northeastward across the southeastern part of the country Wednesday night and Thursday,...