Tag: Mexico

Mexico
Tuesday, September 1st 2015 - 23:52 UTC

Mexico announces postponement of deep-water oil exploration auction

Coldwell said the government will change rules that scared off potential bidders earlier last month, when it only managed to auction only 2 of 14 blocks

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production contracts and adjust the terms of upcoming tenders after an inaugural oil auction failed to meet the government's modest expectations.

Tuesday, July 14th 2015 - 06:37 UTC

Mexico is offering 3.8 million dollars reward for the capture of drug lord “Chapo Guzmán”

It has emerged that Guzman fled despite wearing a monitoring bracelet and being subject to 24-hour surveillance.

Mexico is offering a reward of 60 million pesos ($3.8m) for the capture of the country's most-wanted drug lord, who escaped from a top security prison. A huge manhunt is underway for Joaquin Guzman, who got out of his cell on Saturday through a 1.5km-long tunnel.

Monday, June 8th 2015 - 08:13 UTC

Mexico' industrial hub of Monterrey en route to give the political system a big shock

Independent Jaime Rodriguez, known as “El Bronco,” had at least a 6-point lead in the race in Nuevo Leon state, according to exit polls by TV Azteca

Mexico's ruling party has lost seats in congress but may still gain a majority from its coalition with the small but growing Green Party that was everywhere during the campaign, according to official voting trends released late Sunday by the electoral institute.

Tuesday, June 2nd 2015 - 05:39 UTC

Jacobson nominated as new ambassador to Mexico, announced the White House

Jacobson will replace Anthony Wayne, who has been the U.S. envoy since 2011, if she is confirmed by the Senate

U.S. President Barack Obama on Monday announced his intention to nominate Roberta Jacobson, the assistant secretary of state for Latin America and the chief U.S. negotiator at the talks to resume diplomatic relations with Cuba, as the new ambassador to Mexico, the White House announced in a communiqué.

Monday, May 25th 2015 - 07:21 UTC

Mexico compensates China for cancelling high-speed rail contract

The deal was called off over controversy in the bidding process. Mexico re-launched the bid earlier this year, but that was cancelled for a second time.

Mexico will compensate China Railway Construction Corporation (CRCC) $1.31m for cancelling a $3.75bn high-speed rail contract. CRCC was at the head of a consortium that had won the project last year, which was abruptly revoked shortly after being awarded.

Tuesday, March 17th 2015 - 07:07 UTC

Mexican star journalist sacked for revealing origin of First Lady’s mansion

Aristegui's investigative team revealed last year that President Pena Nieto's wife, former soap opera star Angelica Rivera, had bought a mansion from a government contractor.

An influential Mexican broadcast journalist whose report about the first lady's mansion caused a scandal was sacked on Sunday, sparking anger among supporters who called her firing an affront to freedom of speech. Carmen Aristegui had been publicly feuding with her employer, MVS Radio, in recent days after two of her investigative reporters were fired by the company.

Tuesday, March 10th 2015 - 06:56 UTC

Renewal of car quotas with Mexico reveals shortcomings of Brazilian industry

“We need to deal with our competitiveness issues before reaching a free-trade agreement with any nation,” said Moan, head of Brazil’s auto-maker association

Brazil and Mexico announced the renewal of vehicle quotas for four years, delaying the implementation of a free-trade agreement between the two countries. Under the new agreement, Brazil and Mexico will permit $1.56 billion of duty-free vehicle imports for the first year of the agreement. That amount will rise 3% each year until the agreement expires, in 2019, when they’ll return to a free-trade regime.

Friday, March 6th 2015 - 07:32 UTC

PM Cameron and Peña Nieto discuss agenda of bilateral and global issues

The Mexican president was received at Downing Street

British Prime Minister David Cameron welcomed President Peña Nieto of Mexico to Downing Street on Thursday afternoon as part of his State Visit to the UK.

Thursday, March 5th 2015 - 06:23 UTC

UK/Latam links have seen 36% rise in trade and investment, says minister

Swire made the statement on receiving Mexican president Peña Nieto on a state visit to UK

Foreign Office minister Hugo Swire underlined the growing links of the United Kingdom with Latin America during the state visit of president Enrique Peña Nieto from Mexico, a country with which he feels a close affinity, and is 'integral to the success of the UK”.

Friday, February 20th 2015 - 07:28 UTC

Pemex cuts budget and postpones big projects due to sharp drop in oil prices

Mexican export crude-oil blend averaged U$S 86 in 2014, but is currently trading at 49 per barrel, having hit a low of 37 in January, Pemex said.

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.

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