Latest Mexico City News
RSS-
Slims Mexico bank Inbursa says to hold share offer for Caixa
MEXICO CITY | Thu May 23, 2013 10:44am EDT MEXICO CITY May 23 (Reuters) - Billionaire Carlos Slim's Mexican bank Inbursa said on Thursday that it would hold a secondary share offering on behalf of Spain' Caixabank. Caixabank said earlier that it was considering selling around 10 percent of Grupo Financiero Inbursa, worth $1.6 billion, to reduce its stake by half. Inbursa said in ...
-
First-time jobless claims drop by 23000
The U.S. Labor Department said first-time jobless benefits claims dropped by 23,000 to 340,000 in the week that ended Saturday. The department revised last week's estimate from 360,000 to 363,000, meaning the prior week's gain in initial claims filed came to 35,000, not 32,000. The four-week rolling average for the week fell by 500 to 339,500. The largest increases in initial claims ...
-
Retail sales recover in Mexico
In Brazil, inflation eased slightly in mid-May, although slightly less than we expected, and the current account widened to 3% of GDP. In spite of the moderation in inflation, the hardening tone of the BCB leads us to expect the Selic rate to rise by a total of 125bp by end-August. Meanwhile, in Mexico, retail sales recovered slightly in March. Today markets will focus on unemployment figures in ...
More Mexico City News
RSS-
Rally Ends at U.S. Border as Mexico Canada Trail Most Since ’98
Mexican and Canadian stocks are returning the least in 14 years versus the Standard & Poor's 500 Index, a break from a history of matching or beating the benchmark gauge since the countries formed a free-trade agreement in ...
-
UPDATE 1-Caixabank may sell 10 pct of Mexicos Inbursa
Thu May 23, 2013 3:31am EDT MADRID May 23 (Reuters) - Spain's Caixabank said on Thursday it was considering selling around 10 percent of Mexico's Grupo Financiero Inbursa, worth $1.6 billion, to reduce its stake by half. Spain's biggest domestic lender has close business ties with tycoon Carlos Slim who controls Grupo Financiero Inbursa, Mexico's sixth-largest bank by ...
-
Mexico Germany vow to promote tourism
Mexico and Germany pledged on Wednesday to promote bilateral tourism, air connectivity and the flow of visitors, Mexico's Ministry of Tourism said in a ...
-
Tom Marshall Pressure on as Mexico City rivals clash in promising Liga MX final
America coach Miguel Herrera hops, skips, jumps, shouts and is regularly sent off from the bench by officials. His Cruz Azul counterpart Guillermo Vazquez is a portrait of calmness.The two couldn't be much different as personalities, but are actually good friends from their playing days together at Neza. Because of that, the press build-up to Thursday's Liga MX final first leg has been ...
-
Black activist sprinters fire burns years after Mexico City Olympics
The look was for the fire. Maybe now it would be just a spark inside John Carlos, a flicker, a remnant of the passion that so shocked the Olympics and the world 45 years ago. Time can be the great magician, reducing what once was so damn important to a mere trickle of whatever and a shrug of whaddya gonna do. The man who raised a black-gloved clenched fist in silent protest in Mexico City, would ...
Mexico City Feature Story
-
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
News from around our Network
