Tag: Mexico

• Tuesday, October 6th 2015 - 07:40 UTC

  Latin America forecasted to contract 0.3% this year and 0.7% growth in 2016

  

  The United Nations Economic Commission for Latin America and the Caribbean, ECLAC, forecasted a downward trend in the region’s economic activity for 2015 to -0.3% from 0.5%, and estimates that for 2016 growth will be close to 0.7%.

• Tuesday, September 22nd 2015 - 07:15 UTC

  Which lawmakers from the Pacific Alliance are paid the most?

  

  Of all four Pacific Alliance countries, Colombia spends most on its congressional representatives, despite the South American country’s low wages. According to a report published on Monday by economic newspaper La Republica, the state pays Colombia’s congressmen a total of nearly $2.1 million per month in salaries, almost double the total of Chile, whose congressmen have the highest individual salaries, but in total cost the state $1.2 million per month.

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

  Mexico announces postponement of deep-water oil exploration auction

  

  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”

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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.