While energy reforms have opened the door for Mexico’s state-run energy company to expand overseas, its focus for now will be on developing its “low-hanging fruit,” the head of Pemex said on Thursday. Pemex Chief Executive Emilio Lozoya spoke in Washington, D.C., at the annual conference of the Export-Import Bank, the official U.S. export credit...Read More

Mexico’s central bank is expected to hold its main interest rate steady on Friday as easing inflation pressures give policymakers room to leave borrowing costs low to support an economic recovery. All 25 analysts surveyed by Reuters last week expected the central bank to hold its main interest rate at a record low of 3.50...Read More

In a major boost to science and technology research in developing countries, including India, the British government has launched a five-year, $630 million fund to support science and innovation partnerships with researchers that will focus on economic development. The Newton Fund, first announced in December 2013, will consist of money transferred from the Department for...Read More

At the Beijing Motor Show, a lot of the talk surrounded the Golf R400 Concept based on the Golf R hatchback, but there was another reveal named the New Midsize Coupe (NMC) Concept that didn’t play second fiddle. Fast-forward a week later and we are now hearing reports from Automotive News that the NMC will...Read More

Mexican billionaire Carlos Slim struck an 11th-hour deal with the Austrian government on Wednesday to pool their stakes in Telekom Austria, paving the way for Slim to take control of the Austrian phone company. Slim’s telecoms giant, America Movil (AMXL.MX), agreed to vote in favor of a 1 billion euro capital increase for Telekom Austria...Read More

Femicides, domestic violence, human trafficking and sexual crimes are investigated by the Policewomen’s Criminal Investigation Model Unit of the state of Morelos, a 26-member squad launched in November. “The main goal is to investigate and pursue crimes against women and in this way, improve their quality of life,” Morelos State Attorney General Rodrigo Dorantes Salgado...Read More

Mexican state-owned oil giant Petroleos Mexicanos said Tuesday it is looking to forge partnerships and associations with domestic and foreign oil companies in a bid to bolster its competitiveness. “What we’re looking to do is to promote synergies between Petroleos Mexicanos and its suppliers, contractors, partners and technologists – as well as with higher education...Read More

Mexican authorities said here Tuesday they would hold auctions in the near future for five new natural gas pipelines, which are to be built at a cost of $2.25 billion. The CEO of Comision Federal de Electricidad, or CFE, Enrique Ochoa, said in a statement that the state-owned electric utility and the Energy Secretariat would...Read More

Mexico is set to be among the fastest-growing markets in Latin America’s business-to-consumer (B2C) ecommerce sales. According to estimates by eMarketer, the B2C ecommerce sales in Mexico will increase by 20 percentage points this year, which will equate to approximately $11.43 billion in 2014. Digital sales in Mexico are also expected to expand at a...Read More

Manufacturing in Mexico has expanded rapidly in recent years, giving China and other Asian nations the first serious competition they’ve seen in decades. The rising cost of fuel, combined with higher wages in some Asian nations, has encouraged a growing number of major international corporations – especially those who manufacture heavy industrial items – to...Read More

Mexico’s new food labeling rules were supposed to help fight an obesity epidemic, but activists and experts said Monday they may actually encourage the public to consume high levels of sugar. The debate over sugar has grown bitter, in a country with one of the highest obesity rates in the Western Hemisphere. The new label...Read More

According to InternationalLiving.com’s annual Global Retirement Index, the quality of Mexico’s health care is ranked among the top five nations in the world, following France, Uruguay, Malaysia and Costa Rica. “Given the galloping rise in health care costs in the U.S. and elsewhere, Mexico’s affordable and top-notch health care is a huge benefit to living...Read More