Tag: Mexico

Thursday, April 10th 2014 - 05:37 UTC

China has become Latam's banker loaning 102bn dollars from 2005 to 2013

Venezuela's Maduro is the main debtor but pays with oil

China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston.

Thursday, February 20th 2014 - 04:11 UTC

North American partners meet to celebrate NAFTA 20 years, but the agenda has many frictions

The three leaders pose for the family picture at Toluca

US President Barack Obama joined the Mexican and Canadian leaders Wednesday for a North American summit focused on trade but marked by friction between the “three amigos”. Mexican President Enrique Peña Nieto shook hands with Obama in an ornate state government palace in Toluca, near Mexico City, for private one-on-one talks before Prime Minister Stephen Harper joined them later.

Saturday, February 15th 2014 - 10:24 UTC

Brazil, the most dangerous country for Latam journalists, according to RSF

In thirteen years, 88 journalists were killed and 18 have gone missing in Mexico (Pic DPA)

More than 20 years after the fall of the dictatorships and civil wars that dominated Latin America, the region continues to be marked by a strong retaliation against the press, according to Reporters Without Borders, RSF, most recent annual index on the state of press freedom, which was published on Feb. 12.

Friday, December 13th 2013 - 09:04 UTC

Mexico breaks 75-year myth: opens energy sector to private and foreign investment

There were scuffles during the all night debate but the bill was finally by an overwhelming majority vote

Mexico's Congress approved on Thursday early morning a historic energy reform aimed at luring foreign investment and ending the state's 75-year-old oil monopoly following a heated debate. After a marathon session that lasted nearly 24 hours, the lower house voted 353 to 134 for the legislation championed by President Enrique Peña Nieto, one day after it passed the Senate.

Thursday, December 12th 2013 - 06:39 UTC

London conference on Pacific Alliance; UK granted observer status

British Minister for Latin America, Hugo Swire wants closer relations with the Alliance

Over 150 representatives of British companies and businesses attended the conference on the Pacific Alliance (Chile, Peru, Colombia and Mexico) organized by the British Foreign & Commonwealth Office and the Financial Times. The Alliance is considered one of the newest and most promising political and economic blocks is emerging from Latin America.

Thursday, November 28th 2013 - 11:02 UTC

Repsol board backs compensation deal offered by Argentina for seized YPF

Cristina Fernandez seized a majority stake in YPF from Repsol in April 2012

Spanish oil group Repsol's board Wednesday backed a draft multi-billion-dollar compensation deal over Argentina's 2012 seizure of the company's YPF subsidiary. The deal seeks to repair the financial hit taken by Repsol when Argentina's President Cristina Fernandez in April 2012 ordered the seizure of Repsol's 51-percent stake in YPF.

Saturday, November 2nd 2013 - 15:41 UTC

“From the ”Labyrinth of Solitude“ to a ”Network of Partnerships”, the new story of Mexico

Mexico is an exporter of manufactured products such as automobiles, electronics and aerospace equipments

By R. Viswanathan (*) Octavio Paz, the celebrated Mexican writer who was Ambassador to India in the sixties, wrote in his book “The Labyrinth of Solitude“ that the ”Mexican is always remote from the world and other people”. This was his conclusion after an in-depth analysis of the character and identity of the Mexicans who have inherited a mix of Aztec and Mayan Indian traditions and European culture and have been influenced overwhelmingly by the culture of US.

Friday, October 11th 2013 - 13:15 UTC

Foreign direct investment in Latam remains strong and increases 6% in first half of 2013

Brazil and Mexico remain the main magnets for FDI according to the ECLAC report

Foreign direct investment (FDI) to Latin America displayed moderate growth in the first half of this year, compared with the 2012 similar period, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The 13 countries of the region that provided data received 102.951 billion dollars, which was 6% higher than the first six months of the previous year.

Wednesday, October 9th 2013 - 05:25 UTC

Lower commodity prices and poor infrastructure cut Latam growth prospects says IMF

With heightened capital flow volatility, safeguarding financial stability is a key policy priority for Latam

The International Monetary Fund on Tuesday cut its economic growth forecast for Latin America and the Caribbean, blaming, at least in part, poor infrastructure and lower commodity prices. In its latest World Economic Outlook report, the IMF noted that emerging markets generally were facing a dampening of growth amid “less supportive external conditions and domestic supply-side constraints.”

Thursday, September 26th 2013 - 21:45 UTC

Pacific Alliance makes its official presentation in New York with three presidents

The three presidents, and Mexico’s trade minister  (L) at the conference

The Pacific Alliance made its official presentation in New York before 200 business people and investors, mostly from the US, with four top anchor men: the presidents of Chile, Peru and Colombia and Mexico’s foreign trade minister since head of state Enrique Peña Nieto had to remain in the country because of the catastrophic floods.


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