State-owned oil giant Petroleos Mexicanos, or Pemex, said its board approved budget cuts totaling 62 billion pesos (4.15 billion) and the postponement of some big projects in light of the sharp drop in oil prices.
Mexico and Uruguay declared on Monday an end to a brief diplomatic spat over the Uruguayan president's description of Mexico as a kind of failed state. Mexico's government protested the remarks by Uruguayan President Jose Mujica over the weekend and said it would summon the country's ambassador for an explanation.
Mexico said on Sunday it was summoning Uruguay's ambassador after Uruguayan President Jose Mujica said that the disappearance of 43 students in southwest Mexico suggests the country is a 'failed state'.
Mexican President Enrique Peña Nieto hailed US President Barack Obama's sweeping steps on immigration, saying they were most important measures taken in several decades and would allow families to stay together.
The United States of America entered World War I in April 1917 and it is widely believed that turned the tide of the conflict. The wartime leader was Woodrow Wilson, whose progressive accomplishments were significant between 1912 and his re-election in 1916.
Mexico has abruptly cancelled a 3.75bn dollars contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link. President Enrique Peña Nieto said he wanted to avoid any doubts about the legitimacy and transparency of the bidding process.
The 43 teacher trainees missing since a Sept. 26 incident in the southern state of Guerrero involving gangsters and corrupt cops are dead, Mexican Attorney General Jesus Murillo Karam said Friday, citing statements from three suspects in custody.
Britain's Prince Charles and his wife Camilla will pay a nine-day visit to Colombia and Mexico, Clarence House residence announced. The heir to the throne and the Duchess of Cornwall will arrive in Colombia on Tuesday October 28 and will remain until November 2, before leaving for Mexico until November 5.
Pacific Alliance and Mercosur country members will be holding a meeting in Colombia “to plan the productive future of Latin America with a shared vision” announced Mexico's minister of economy Ildefonso Guajardo.
Mexican President Enrique Peña Nieto signed on Monday a package of landmark energy reform bills, ending the 76-year-old state monopoly on oil drilling and reopening the sector to foreign companies.