Latest Mexico News
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Mexican Peso Pares Drop on Speculation Fed Will Sustain Stimulus
Mexico 's peso pared its decline as a Federal Reserve official supported maintaining a monetary stimulus program that has buoyed emerging-market assets. The currency slid 0.2 percent to 12.3264 per U.S. dollar at 11:15 a.m. in Mexico City after earlier falling 0.8 percent. The peso has risen 4.3 percent in 2013, still the biggest gain among major currencies tracked by Bloomberg. St. ...
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Philip Morris Intl to fully control Mexican unit
Philip Morris Mexico for about $700 million. The transaction, which is expected to get completed by the end of September, is subject to the approval of the Mexican antitrust authority. Slim is on Philip Morris International's board of directors. Its shares fell $1, or 1.1 percent, to $94 in morning trading Tuesday, and have traded between $81.10 and $96.73 in the last 52 weeks. The ...
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Mexico Hands-on kitchen and spa for $300
The Baja resort, an hour’s drive south of San Diego, is offering Saturdays at the Ranch, a one-day visit that includes fitness and spa activities, meals and a hands-on afternoon in a class at the culinary center. The ranch and spa, tagged World’s Best Destination Spa by Travel & Leisure readers in 2010 and 2011, is a 3,000-acre property that specializes in health and wellness ...
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Canadian man missing in Mexico previously charged with drug offences
5/21/2013 A Canadian man missing in Mexico had a troubled past. Diego Hernandez recently faced drug charges on Vancouver Island. Three years ago, the 22-year-old was arrested in Saanich and charged with possession for the purpose of trafficking. His trial was slated to start last October, but court officials in Victoria cannot yet be reached to confirm details of the outcome. Police say ...
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Mexicos Femsa shares sink after Credit Suisse cuts view
MEXICO CITY, May 21 (Reuters) - Shares in Mexican bottling and retail company Femsa fell more than 4 percent to 134.34 pesos on Tuesday after Swiss bank Credit Suisse cut its view to underperform. The bank on Monday night raised its price target ...
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Analysis US food labels seen heating up North America meat war
By Rod Nickel and Theopolis Waters WINNIPEG, Manitoba/CHICAGO (Reuters) - The United States is poised to introduce stricter rules on the labeling of meat imports this week, a move that is likely to heat up a simmering trade dispute with Canada ...
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Halliburton sees Mexicos Pemex reducing activity for 2013
May 21 (Reuters) - Halliburton Co, the world's second-largest oilfield services company, said on Tuesday that Mexican state oil company Pemex was delaying any significant activity at its Burgos and Chicontepec projects until next year. ...
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Mexcios peso weakens to lowest point in nearly seven weeks
MEXICO CITY, May 21 (Reuters) - Mexico's peso lost 0.67 percent to trade at 12.3779 per dollar in early trading on Tuesday, its lowest value in nearly seven weeks, on wider strength of the ...
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UPDATE 1-Philip Morris to buy out Carlos Slims stake in Mexican JV
Tue May 21, 2013 10:55am EDT May 21 (Reuters) - Marlboro maker Philip Morris International Inc said it will buy out billionaire Carlos Slim's Grupo Carso from their Mexican joint venture for about $700 million. Grupo Carso will sell its 20 percent stake in Philip Morris Mexico in a deal that the U.S. company said would add marginally to its earnings per share in the fourth quarter. Philip ...
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Philip Morris to Buy Rest of Mexican Unit
Carlos Slim 's Grupo Carso SAB for about $700 million. The deal, which the companies expect to complete by Sept. 30, will add to earnings per share in the fourth quarter, New York-based Philip Morris said today in a statement. The final purchase price will be determined by a pre-agreed formula that is subject to adjustment by the target's performance. Chief Executive Officer ...
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Mexico stocks fall more than 1 pct America Movil Femsa weigh
MEXICO CITY | Tue May 21, 2013 10:18am EDT MEXICO CITY May 21 (Reuters) - Mexico's IPC stock index fell more than 1 percent in early trading on Tuesday, as bottling and retail company Femsa and telecoms giant America Movil weighed. Shares in Femsa fell more than 4 percent after Swiss bank Credit Suisse cut its view to underperform. The IPC fell 1.38 percent to 40,502.49 points in ...
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Kimco sells Mexican shopping center properties
Kimco held a 47.6 percent interest in the portfolio, which included 2.6 million square feet and was 91 percent occupied. Its share of the proceeds was about $93 million, and it said it realized a gain on sale of about $26 million. With the sale of the nine properties, Kimco said its remaining Mexican shopping center portfolio covers 47 properties totaling 9.4 million square feet. Shares of ...
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Mexican Economy Continued To Weaken In Q1 2013
The weakness we began to see at the end of 2012 carried over into 2013, and deepened, with domestic demand joining the weakness in global economic growth. The economy posted a growth rate of only 0.8 percent in ...
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Cathie Anderson Fungus killing coffee plantations in Mexico Central America
Coffee lovers probably won't hear much about la roya in the United States, but this fungal disease is decimating thousands of coffee farms across Mexico and Central America.Pete Rogers isn't the average American coffee lover. He travels to Guatemala, Nicaragua, Costa Rica, Panama and other exotic locales to find and purchase green coffee beans for his family's company, Rogers ...
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Big jump in HIV among Navajo in New Mexico
A Navajo reservation near Gallup, N.M., had a 20 percent increase in HIV diagnoses in 2012 from 2011, a doctor says. Dr. Jonathan Iralu, an infectious disease specialist who runs an HIV clinic in Gallup, said he compiled the report for the federal Indian Health Service because he used to treat a small number of Navajo men with human immunodeficiency virus each year. However, the 47 new cases ...
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Mexico prohibits multiple soccer teams ownership
MEXICO CITY — The owners of the 18 Mexican first-division soccer clubs voted Monday to bar one person or one company from owning more than one team. The vote was an apparent move to stop tycoon Carlos Slim from expanding his growing influence in Mexican soccer. Mexico's largest broadcasters, Televisa and TV Azteca, have in the past owned multiple first-division teams but the issue ...
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A lack of diversity on the coffee farms
I toured several coffee-growing cooperatives in Guatemala today, and one of the surprises I encountered was the prevalence of a certain species of tree used for shade-grown coffee. It used to be in decades past that shade-grown coffee was considered better for the environment. Farmers used numerous kinds of trees to cast shade, providing some diversity. But everywhere I went today, there was ...
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Mexico adopts five-year plan for social economic development
Mexican President Enrique Pena Nieto on Monday presented a five-year plan, aimed at combating violence and improving administration."Mexico has the historic opportunity to launch a national transformation," Pena Nieto said at an event to announce the plan, adding that for the first time, the government has devised a development plan that includes the periodic evaluation of its ...
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Besieged Mexican town cheers arrival of soldiers
After being terminated from her job as Medley Assistant Town Clerk two weeks ago, things got better very quickly for Mary Taylor last week when a special meeting was called and she was reinstated to her old ...
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New Friday night boxing series in Tijuana
Guillermo ';Memo'; Mayen of Mayen Promotions has decided to leave the comfortable confines of Las Pulgas nightclub on Revolution Ave. in the heart of downtown Tijuana, Mexico, for the Tecate Box Tour tent presently being built at the parking lot of the Caliente Racetrack. Originally set for Wednesday, May 29th, Mayen along with Zanfer Promotions have pushed up the fight card for this ...
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UPDATE 2-US panel votes to speed up airport fingerprinting of ...
WASHINGTON, May 20 (Reuters) - High-tech systems for tracking the movements of immigrants and other foreigners when leaving the United States would be installed at major U.S. airports under a plan approved by a congressional panel on ...
Mexico City Feature Story
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Mexico City launches eco-friendly and cash friendly project
Mexico City has joined a global movement that has taken many major city municipalities by storm in recent years, the eco-friendly movement of bicycle-sharing. The city joins the ranks of Montreal, Paris, Barcelona and many other major cities across Europe and the world, such as Beijing in China and Melbourne in Australia. The scheme, once rolled out in its entirety, is expected to play a part in relieving some of the burden on Mexico City’s streets.
Mexico City, the largest and richest city in Mexico, is also one of the worst for traffic jams. A recent study by IMB, the IMB Commuter Pain Study, found Mexico City and Beijing to be the two worst cities in the entire world for traffic jams, ours are among the longest and most frequent with the city getting a score of 99 out of 100 on the commuter pain index, this compared to Stockholm, which scored 15. Read more
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