Business and Economy

Mexico’s Central Bank Lowers Growth Expectations

The Bank of Mexico said it expects gross domestic product to grow between 2% and 2.5% this year, a slight reduction from the range of...
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Mexico Could be the Winner in Sugar Trade Deal

With a closer look, however, it appears that big cane refiners – including the maker of household brand Domino Sugar – might be the biggest...
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Scotiabank Mexico Will be Launching ‘Bank In Your Currency’

Scotiabank Inverlat, S.A. (Scotiabank Mexico), one of the leading financial groups in Mexico and member of the Scotiabank Group, together with Planet Payment, Inc., a...
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Mexico Retail Sales Expected to Miss 2014 Forecast

Mexico’s retail association ANTAD will miss its 2014 sales target as the economy sputters, the president of the group said on Tuesday. The group, which...
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Mexico to Issue New US Dollar-Denominated International Bond

The sovereign, rated A3/BBB+/BBB+, has set initial price thoughts of 150bp area over US Treasuries for the new issue, which will have benchmark size. Goldman...
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Concern a Drop in the Peso Could Cause Inflation

Central Bank board members voted 5-0 at their Oct. 31 meeting to hold the benchmark rate at a record low of 3.0 percent, the minutes...
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Mexico’s Foreign Reserves Fall by $308 mn

Gold and foreign currency reserves rose in the week ending Nov. 7 mainly due to a sale of dollars to the federal government and a...
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Crunch Time For Nestle Mexico’s Public Relation Nightmare

Mexico’s attorney general on Friday said the students from the small town of Ayotzinapa were apparently killed, incinerated and ground up after being abducted by...
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AT&T to Buy Mexico’s Mobile Network Iusacell

AT&T Inc., the second-largest U.S. wireless carrier, agreed to acquire Grupo Iusacell SA from billionaire Ricardo Salinas for $2.5 billion to expand further into Latin...
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Mexico’s Real Estate Investment Trust Hits Stock Market

Fideicomiso Hipotecario (FHipo) issued 345 million certificates at 25 pesos per certificate. Local investors bought about 39 percent of the shares, while foreign players bought...
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Mexico Could Sue United States Over Meat Labeling Law

The World Trade Organization ruled last month that the United States had failed to bring its meat labeling regulations fully in line with international fair...
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Mexico’s Economy in Clear Recovery, Says Finance Minister

Mexico’s finance minister said on Wednesday Latin America’s No. 2 economy is recovering after a weak start to the year and that recent social unrest...
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