United Kingdom Foreign Secretary Boris Johnson, announced during the visit of the Mexican Minister of Foreign Affairs, Luis Videgaray, that the UK is developing plans for new bilateral Prosperity programming of up to £60 million to support Mexico’s economic development and reform.Add your comment!
Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Peña Nieto announced. Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.
Mexican President Enrique Peña Nieto faces a tough choice on whether to pursue a graft probe involving a prominent ally and Brazilian construction firm Odebrecht.
The top U.S. negotiator at talks to modernize the NAFTA trade pact dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.” Officials from the United States, Mexico and Canada are in Ottawa for the third of seven planned rounds of talks.
A powerful earthquake shook central Mexico on Tuesday, collapsing buildings in plumes of dust and killing at least 200 people. Thousands fled into the streets in panic, and many stayed to help rescue those trapped.
UK-based vehicle manufacturing outfit Alexander Dennis will be exporting 90 iconic red double-decker buses to Mexico, the company confirmed on Wednesday. The contract was backed by an equivalent £44m finance deal via UK Export Finance – part of the Department for International Trade - which has provided £1.7bn of backing to businesses since the department's creation in 2016 to help businesses export post-Brexit.
United States president Donald Trump urged the Mexican president to stop publicly saying he would not pay for a proposed border wall, according to transcripts. Mr. Trump admonished Enrique Peña Nieto for publicly denouncing the wall during a 27 January phone call, transcripts obtained by the Washington Post show.
The Carrier factory where a president-elect Donald J. Trump boasted of having crafted a deal to save jobs from moving to Mexico has begun laying off workers. 338 employees at the Carrier Corporation fan coil manufacturing facility in Indianapolis will be let go Friday under the previously announced plan, the company said in a statement.
(*)By R. Viswanathan - For those who think that Latin America is too far and cost of freight is too high and therefore the region should be less important for India’s trade, here is the eye opener from the 2016-17 (April-March) statistics of the Commerce Ministry of India.
Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets. A new billion-barrel find announced last week confirms that the Mexican side of the Gulf of Mexico is very prolific, said Juan Carlos Zepeda, Mexico’s chief oil regulator in an interview.