Pemex chief touts Mexico’s energy reform in Washington visit

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...
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Mexico Central Bank Seen Holding Rates as Economy Drags

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...
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British Grant to Boost Science Research in Mexico

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...
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Volkswagen’s New NMC To Be Built In Mexico

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...
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Mexico’s Slim Reaches Deal with Telekom Austria

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...
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Mexico: Special Police Unit Targets Crimes Against Women

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...
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Mexico’s Pemex seeking partners in all areas to boost competitiveness

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...
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Mexico announces plans for 5 new natural gas pipelines

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...
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Digital Buys in Mexico to Grow in 2014

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...
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Mexico Manufacturing Boom Creates “Huge” Business Opportunities in New Industrial Hot Spots

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...
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Mexico food labeling rules draw fire on sugar

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...
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Mexico is Among Top 5 Countries to Provide World’s Best Healthcare

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...
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