Business News Mexico

  • June 14- Latin American stocks fell nearly 2% on Friday, mirroring weakness on Wall Street, while the Brazilian real dropped as optimism around the proposed overhaul of the country's pension system faded. The real fell 1% to 3.89 per dollar after Brazil's Economy Minister Paulo Guedes expressed his disappointment with a congressional committee's report on...

  • Cornershop operates in Mexico and Chile, promoting the app as providing delivery of "groceries to your front door in one hour" from retailers including Costco Wholesale Corp, Chedraui and Walmart. Walmart had struck a deal to buy the popular app for $225 million in a bid to boost its e-commerce ambitions in Mexico, one of the retailer's priority markets, and better...

  • EXCLUSIVE-WALMART'S SIZE CONTRIBUTED TO MEXICO'S ANTI-TRUST RULING IN $225 MLN CORNERSHOP DEAL- REGULATOR.

  • EXCLUSIVE-RISK OF WALMART'S USING RIVALS' CONSUMER DATA CONTRIBUTED TO MEXICO'S DECISION TO BLOCK CORNERSHOP GROCERY APP DEAL- REGULATOR.

  • BRASILIA, June 14- The fate of Latin America's two main currencies have contrasted so much lately that traders and analysts are questioning whether Brazil's real can keep rallying while the Mexican peso slides. President Donald Trump's threat on May 30 to slap tariffs on Mexico may have tipped the balance for money managers to reduce the Mexican exposure in...

  • 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...

  • June 14- An index of Latin American stocks fell more than 1% on Friday, mirroring weakness on Wall Street, while Brazil's real dropped as optimism around the proposed overhaul of the country's pension system faded and weak economic data weighed. The real fell 0.8% to 3.88 per dollar level as the government's proposals to raise the minimum retirement age and...

  • 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...

  • LONDON, June 14- The United States last month removed tariffs on imports of steel and aluminium from Canada and Mexico. Canada accounted for 51% of total U.S. imports of primary aluminium in 2018. Australia and Argentina were exempted from tariffs from the start and together with Mexico they accounted for another 8% of the country's imports.

  • LONDON, June 14- The United States last month removed tariffs on imports of steel and aluminum from Canada and Mexico. Canada accounted for 51% of total U.S. imports of primary aluminum in 2018. Australia and Argentina were exempted from tariffs from the start and together with Mexico they accounted for another 8% of the country's imports.

  • *Market focus on China industrial production, retail sales. TOKYO, June 14- Asian stocks sagged on Friday ahead of key Chinese data that could provide more clues on how heavily the U.S.-Sino trade war is weighing on the economy, while oil prices were supported by supply concerns after attacks on tankers in the Gulf of Oman. China will release May industrial...

  • *Market focus on China industrial production, retail sales. TOKYO, June 14- Asian stocks were subdued on Thursday ahead of key Chinese data that could provide more clues on how heavily the U.S.-Sino trade war is weighing on the economy, while oil prices were supported by supply concerns after attacks on tankers in the Gulf of Oman. China will release May industrial...

  • 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 13- Mexican bread and flour tortilla makers will likely use significantly more wheat sourced from the United States this year despite growing unease with President Donald Trump, according to Mexico's main wheat chamber. Wheat shipments to Mexico from Russia are also expected to repeat last year's big jump in volume, while Argentine wheat is...

  • MEXICO CITY, June 13- Mexico's oil regulator plans to announce the cancellation of auctions scheduled for October to pick joint venture partners for state-run energy company Pemex in seven onshore areas, two sources close to the decision told Reuters on Thursday. The auctions have already been postponed twice since last year and are expected to be formally...

  • President Donald Trump in Washington on June 20 for talks on a new continental trade pact and two Canadians detained in China, Trudeau's office said on Thursday. Relations between the two leaders have improved in recent months since hitting a low in June 2018 after Trump insulted Trudeau in the wake of a Group of Seven summit in Canada. Trudeau's office said...

  • WASHINGTON, June 13- The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. U.S. central bank policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions.

  • WASHINGTON, June 13- The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. U.S. central bank policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions.