Tag: Mexico

Mexico
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.

Tuesday, November 25th 2014 - 07:21 UTC

Mujica apologizes to Mexico and gives full support to the fight against drugs

“None of us can feel completely detached from the tragedies that are affecting the Mexicans and other Central American countries,” said Mujica.

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.

Monday, November 24th 2014 - 06:45 UTC

Mexico/Uruguay incident following Mujica's statement about a 'failed state'

“It gives one the sense, seen from a distance, that this is a kind of failed state, in which public authorities have completely lost control,” Mujica said

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'.

Saturday, November 22nd 2014 - 06:54 UTC

Mexican president hails Obama's decisions on immigration

“I want to publicly recognize yesterday's announcement,” said Peña Nieto “These measures bring relief to principally Mexican immigrants.”

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.

Friday, November 14th 2014 - 19:04 UTC

When Germany promised 'the return of Texas' if Mexico declared war on US

On Jan 1917 the British intercepted a message from German foreign minister Zimmerman with the promise to help Mexico recover the 'lost territories'

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.

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