Tag: Mexico

Monday, July 14th 2014 - 23:03 UTC

Mexico rapidly overtaking Brazil as Latam's leading auto producer

Part of the success is being fueled by auto sales running at the fastest pace in almost eight years in the U.S.

Pacific Alliance member Mexico is poised to overtake Brazil, the leading economy in Mercosur, as the top Latin American auto producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output.

Tuesday, July 1st 2014 - 23:16 UTC

Could gang violence end Mexico's shale dream?

Mexican President Enrique Peña Nieto's goal is a production of 3 million barrels of oil per day by 2018

Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.
Mexico holds an estimated 545 trillion cubic feet of technically recoverable shale gas and 13 billion barrels of shale oil, but progress in developing those resources has been slow.

Wednesday, June 4th 2014 - 08:58 UTC

Mexico's Pemex sells its majority stake in Repsol over management disputes

The Mexican government wanted Brufau ousted of his leading post

Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.

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.


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