Latest Mexico City News
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Russias Suhkoi jet delivers first Superjet to Mexicos Interjet
MEXICO CITY (Reuters) - Russian planemaker Sukhoi delivered its first Superjet 100 plane to Mexico's Interjet airline at the Paris Airshow, the Mexican company said on Tuesday. Another 19 aircraft from Russia's first post-Soviet civil plane project are due to be delivered in the coming months to Interjet, which is mulling plans to go public. The beginning of deliveries to the Mexican ...
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Mexico corn miller Gruma refinances $400 mln debt
MONTERREY, Mexico, June 18 | Tue Jun 18, 2013 6:29pm EDT MONTERREY, Mexico, June 18 (Reuters) - Mexican corn miller Gruma said on Tuesday it refinanced $400 million in debt taken out last year to buy back a stake in the company previously owned by U.S. agribusiness giant Archer Daniels Midland. The company had borrowed $400 million from Goldman Sachs to buy the 23 percent stake. Gruma ...
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Popocatepetl Volcano Erupts Ash Could Reach Mexico City
Popocatepetl, the second highest peak in Mexico, has erupted once again and is spewing ash that could reach Mexico City, which is 40 miles away. The volcano shot chunks of rock into nearby towns and witnesses say the smoke and ash plume rose at least four kilometers into the air. Residents may be evacuated if the eruptions continue, but everyone in the area has been on standby since mid-May, ...
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VIDEO Popocatepetl shoots ash cloud toward Mexico City sparks volcanic alert
Popocatepetl view from Amecameca, Mexico. The volcano shot a plume of ash and gas into the air, putting Mexico City on alert for an ash cloud. Wikimedia ...
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NOAA Partners Predict Possible Record-setting Deadzone for Gulf of Mexico
Scientists are expecting a very large "dead zone" in the Gulf of Mexico and a smaller than average hypoxic level in the Chesapeake Bay this year, based on several NOAA-supported forecast models. NOAA-supported modelers at ...
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Mexicos Tech Startups Look To Overcome Barriers To Growth
Enrique Lima is a co-founder of Publish 88, a Mexican startup that develops software for publishing companies. In the past decade, Mexico's tech industry has flourished, growing three times faster than the global average. Most of that growth has been fueled by demand from the United States. But as Mexico's startups strive to make it in foreign markets, they say they need ...
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Brazil-Mexico Preview Selecao gunning for semi-final berth
Luiz Felipe Scolari is spoilt for choice ahead of Brazil's second Confederations Cup game against Mexico at the Castelao. With the Selecao in fine form during their comprehensive 3-0 victory in Group A's opener against Japan, and star player Neymar expected to shake off a minor knock picked up in the game, the 64-year-old's main concern is deciding if to change a winning ...
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Pena Nieto Considering New Airport as Mexico City Reaches Limits
Mexico is studying a plan to build a new airport for its capital, among other potential measures, to alleviate congestion in the busiest hub ...
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Edgy Filmmakers Star at Cine Mexico
A political thriller that would make Oliver Stone proud. Youth angst, cutting edge documentaries and the broken dreams about coming to America. It's all there and more in Tucson's Cine Mexico, a five-day movie festival with films from some of Mexico's most daring, young filmmakers. Now in its eighth year, Cine Mexico Tucson returns with some of the best of Mexico's ...
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Tequila Crisis Lessons Learned Before QE Unwind Mexico Credit
Switzerland , data compiled by Bloomberg show. Its debt maturity is now 14 times longer than the average of about seven months in 1994, when U.S. rate increases helped spark a peso devaluation that fueled capital flight and caused the so-called Tequila Crisis. Mexico's ability to extend maturities and lock in low rates as central banks around the world suppressed borrowing costs ...
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Mexico’s Peso Tumbles for Third Day Before Fed Policy Meeting
Mexico 's peso fell for a third day as mounting concern that Federal Reserve policy makers will signal this week that they're preparing to scale back monetary stimulus damps demand for emerging-market assets. The peso fell 0.5 percent to 12.8958 ...
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Popocatepetl volcano erupts again near Mexico City
Ash and smoke spew from Popocatpetl volcano as seen today from the Santiago Xalitxintla, in the Mexican central state of Puebla. (PABLO SPENCER/AFP/Getty Images) Mexico's huge Popocatepetl volcano erupted with an explosion of gas and ash that could be seen from miles, and could possibly create an ash cloud bound for Mexico City, about 40 miles to the southeast. Observers on the scene ...
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Reports 236 Oil Gas Sites in New Mexico Failed Inspections
About 85 percent of 276 oil and gas well sites inspected in southeastern New Mexico over the past six weeks have failed to pass after-the-fact electrical safety inspections. Correction notices were issued to those sites that received a ';failed'; grade. None has been ordered to stop operations. The Albuquerque Journal reported that Gov. Susana Martinez’s office had called for ...
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Political Risk Is Crime Rising In Mexico City
, "two masked men came and just started shooting." Although some residents worry that the recent increase of violent incidents that appear to be connected to organized crime, could undermine Mexico's City's success story, many analysts continue to view Mexico City's community-focused police program as an adequate buffer from a regression to the sort of crime wave they ...
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Mexico’s Popocatepetl volcano blasts huge column of ash into the sky
Popocatepetl , the active volcano just to the southeast of Mexico City, blasted a column of ash over 4 km into the sky in an eruption that, according ...
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Effectiveness of Marine Protected Areas in Mexico - the Actam Chuleb Example
By Alanna Waldman As our world population continues to grow, it implies a higher demand for resources. Whether these resources are food, water, or land, the effect of this growth on our environment is often detrimental to biodiversity and the health of our natural ecosystems, especially ...
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Maxcom Telecomunicaciones S.A.B. de C.V. Announces Missed Interest Payment to Holders of 11 Senior Notes Maxcom ...
Maxcom Telecomunicaciones, S.A.B. de C.V. Announces Missed Interest Payment to Holders of 11% Senior Notes; Maxcom Intends to Use Grace Period to Implement a Strategic ...
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Mexicos Maxcom negotiates prepackaged bankruptcy
Tue Jun 18, 2013 8:57am EDT * Maxcom, investors working on a bankruptcy plan in U.S. courts * Investors also looking to buy Maxcom * Company fails to pay about $11 million in interest MEXICO CITY, June 18 (Reuters) - Mexican telecommunications company Maxcom said on Tuesday that it was seeking to negotiate new capital and a restructuring through a so-called prepackaged bankruptcy process in U.S. ...
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Evercore Mexico Capital Partners Raises $201 Million Fund
MEXICO CITY--(BUSINESS WIRE)-- Evercore Mexico Capital Partners ("EMCP"), a leading private equity investor in Mexico and the Mexican private equity business of investment banking firm Evercore Partners, today announced that it has completed fundraising for Evercore Mexico Capital Partners III ("EMCP III"), raising $201 million, its largest fund ever. EMCP III, which ...
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New Mexico woman unmasks robber to find grandson police say
ALBUQUERQUE, N.M. – Police say a New Mexico woman who confronted a masked intruder in her home stumbled upon a shocking discovery when she ripped off his disguise -- the robber was her grandson. KRQE-TV reports that 22-year-old Thomas Clark is facing robbery charges after police say he stole his grandmother's purse during a bizarre robbery at an Albuquerque home. ...
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Tropical depression heads toward southern Mexico
MIAMI, FL (AP) - Forecasters said a tropical depression is expected to bring at least three to five inches of rain to parts of Guatemala, Belize, Honduras and southern Mexico. The National Hurricane Center in Miami said the Atlantic season's second tropical depression formed Monday off Belize and was moving early Tuesday over parts of Belize and northern Guatemala. At 4 a.m. Tuesday, it ...
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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