Tag: Mexico

• Thursday, May 17th 2018 - 10:46 UTC

  Record inflow of international tourist to Mexico in the first quarter

  

  The number of international tourists to Mexico in the first quarter rose to a record high of 10.6 million, a 12.6% increase year-on-year, said the country's tourism ministry on Sunday.

• Wednesday, May 16th 2018 - 17:42 UTC

  68% of the world population projected to live in urban areas by 2050, says UN

  

  Sustainable development depends more and more on the successful management of urban growth, especially in low-income and lower-middle-income countries where the pace of urbanization is projected to be the fastest.

• Monday, April 23rd 2018 - 09:08 UTC

  EU and Mexico reach new trade agreement: tariff cuts for European cheese and pork

  

  The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump's election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.

• Friday, April 20th 2018 - 09:27 UTC

  Mexico bans government institutions from doing business with Odebrecht

  

  Mexico has banned federal institutions and state governments from doing business with Brazilian construction firm Odebrecht for the next 2-1/2 years, and fined the company around US$ 60 million, the government said.

• Friday, April 20th 2018 - 09:24 UTC

  Lopez Obrador closer to the Mexican presidency: 22 percentage points ahead of his closest rival

  

  Mexico’s frontrunner has just clocked a new milestone in his race toward the presidency, distancing himself from his rivals by 22 percentage points in a new poll ahead of the July 1 election.

• Wednesday, April 18th 2018 - 08:51 UTC

  NAFTA round of negotiations expected to resume this week

  

  The ministers leading the renegotiation of the North American Free Trade Agreement (NAFTA) could meet again on Thursday in Washington as they push for quick progress, Mexican Economy Minister Ildefonso Guajardo advanced. Guajardo said he had spoken to Canadian Foreign Minister Chrystia Freeland on Monday and would talk to U.S. Trade Representative Robert Lighthizer to see about agreeing a trilateral meeting in Washington on Thursday.

• Thursday, March 8th 2018 - 09:39 UTC

  Trump ready to sign metals' tariffs on Thursday; Mexico and Canada could be spared; Republicans object

  

  Some countries are now likely to be spared from planned tariffs on metals advocated by U.S. President Donald Trump. White House sources said Trump's controversial tariff plan could be put into action at a signing ceremony on Thursday afternoon.

• Tuesday, March 6th 2018 - 10:00 UTC

  Trump speaks openly of a “trade war”; links tariffs on steel and aluminum to a redrafted Nafta

  

  U.S. President Donald Trump said on Monday the U.S. is not backing down on its decision to impose 25% tariffs on steel imports and 10% tariffs on imported aluminum products. Before a White House meeting with Israeli Prime Minister Benjamin Netanyahu, Trump suggested Mexico and Canada could be exempted from the planned tariffs if a new and “fair” North American Free Trade Agreement (NAFTA) is reached.

• Wednesday, February 28th 2018 - 09:20 UTC

  Pemex loss of US$ 18bn in fourth quarter; blames weaker Peso and declining oil fields

  

  Mexican state-owned oil company Pemex reported a nearly US$18 billion fourth-quarter loss on Monday after both crude output and processing slid, though the company said refining levels should rebound as major maintenance plans are completed. The company posted a 352.3bn (US$17.9bn) peso loss for the last quarter of 2017, blaming a weaker peso exchange rate and higher financing costs for its performance, according to a filing with the Mexican stock exchange.

• Friday, February 23rd 2018 - 09:21 UTC

  Mexico buying more Brazilian corn over concern with NAFTA negotiations

  

  Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants. Mexico is on track to buy more Brazilian corn in 2018, which would hurt a U.S. agricultural sector already struggling with low grains prices and the rising competitive threat from South America.