Business and Economy

Mexico Detains CEO of Oceanografia

Mexican authorities have detained the chief executive of oil services company Oceanografia, which is at the center of a fraud probe involving Citigroup Inc’s local...
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Mexico’s Alfa to Issue More Shares for Energy Investment

Shareholders will vote on the proposal at a special meeting on Nov. 4, the company said. It did not specify the size of the capital...
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Mexico is One of the United States’ Foremost Trading Partners

In fact, Mexico is the leading exporter of human foods and the second leading exporter of medical devices into the United States. It ranks third...
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Mexico’s foreign reserves rise by $364 mn

Gold and foreign currency reserves rose in the week ending Oct. 10 mainly due to a rise in the value of the central bank’s foreign...
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Pemex and US Based NuStar Agree to Pipeline Joint Venture

The proposed venture would help meet the growing demand in Mexico for liquefied petroleum gases and refined products, Pemex said in a statement. Although NuStar...
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Bank of Mexico Confident About Meeting Inflation Target

A one-time government increase in Mexican gasoline prices in January of next year could delay the expected slowdown in inflation, but the central bank says...
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Puerto Vallarta Expects to Exceed “Buen Fin” Goals This Year

At a press conference, the council president, Martin Ontiveros Puebla, said this is the fourth year that Puerto Vallarta will participate in the national promotion...
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Mexico Upbeat on U.S. Sugar Dispute

Speaking during a visit to Washington, Guajardo said he was optimistic of agreeing a negotiated settlement whereby Mexico would agree to limit exports at a...
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Mexico’s “Junk Food” Tax Hitting Coke and Pepsi

No wonder Coke and Pepsi are spending millions of dollars to fight proposed taxes on sugary drinks in California. PepsiCo reported a higher quarterly profit...
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Mexico Economy Shows Signs of Strengthening; Peso Could Rise

There are clear signs the Mexican economy is improving and that the peso could appreciate in the future thanks to the country’s solid economic fundamentals,...
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Mexico auto production, exports up in Sept

Mexico auto production and exports rose in September compared with the same month last year, the Mexican Auto Industry Association (AMIA) said on Monday. Mexico...
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Carlos Slim Fined $3.7 Million Dollars for Monopolistic Practices

Mexico’s telecommunications regulator said on Tuesday it had fined America Movil’s fixed-line unit, Telmex, 49.3 million pesos ($3.67 million) for monopolistic behavior to try to...
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