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Business and Economy

Mexico in Top Five Business-Friendly Countries in Latin America

Mexico is among the top five business-friendly regulatory environments in Latin America, while Brazil suffers from a complex and time-consuming process for essential business tasks,...
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Jose Cuervo Gets in the Irish Whiskey Business

British drinks company Diageo says it is selling its Northern Ireland whiskey brand, Bushmills, to tequila king Jose Cuervo in a swap deal that will...
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America Movil Looks at More Latin American Investments

Brazil’s Grupo Oi SA, Mexico’s America Movil SAB and Spain’s Telefonica SA agreed to place a joint bid worth around 32 billion reais ($13 billion)...
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Chinese Company to Invest $600 MLN in Mexico’s Green Energy

Risen Energy Co expects to invest $600 million on the building of a new 300 megawatt solar photovoltaic power plant in the Mexican state of...
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Fibra Uno Plans $1.5 BLN Purchases of Mexico Real Estate

Fibra Uno is awaiting approval of the nation’s antitrust commission, known as Cofeco, to finalize the purchases, Rubina told reporters in New York today. The...
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Mexico and US Reach Sweet Deal on Sugar Imports

The U.S. Department of Commerce said late on Monday that Mexican and U.S. officials and Mexican sugar exporters initialed a draft agreement that would suspend...
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Mexico Exports and Imports Fall in September

Factory exports fell 0.63 percent in September from August in seasonally adjusted terms, the national statistics agency said on Monday, dragged down by a 5.97...
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Ford Says ‘Yes’ to Mexico, ‘No’ to Canada

Unifor President Jerry Dias called the decision a significant blow, saying the program would have stabilized the Windsor operation for a decade, bringing a new...
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Virgin Mobile to Take on Telcel Using Good Customer Service

Billionaire Richard Branson says Virgin Mobile Latin America Inc. can give Carlos Slim a “small run for his money” in Mexico’s wireless market. Branson, one...
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America Movil Profits Drop 38 Percent in Third-Quarter

The company, which is controlled by the family of billionaire Carlos Slim, said profit in the July-September period fell to 10.12 billion pesos ($754 million)...
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Mexico Inflation Hits 9-Month High

Mexican annual inflation surged early in October to a nine-month high, further above the central bank’s tolerance ceiling, though the spike was expected to be...
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Mexico’s Pemex Evacuating Oil Rig in Gulf Due to Weather

Mexico’s state oil company Pemex said on Tuesday it was evacuating 15,000 workers from installations in the Gulf of Mexico because of bad weather, adding...
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