Tag: Mexico

• Thursday, August 30th 2012 - 05:04 UTC

  Mexico strikes light crude oil in deep water deposits; boost for Pemex morale

  

  Mexico’s state oil company Pemex has made a new light crude oil find in the Gulf of Mexico, President Felipe Calderon said on Wednesday, the first such discovery in the country's push to exploit deep water deposits and boost output.

• Tuesday, August 28th 2012 - 03:32 UTC

  Mexico launches dispute at WTO against Argentina’ import licensing rules

  

  Following similar complaints against Argentina by the European Union, United States and Japan, Mexico has launched its first dispute against Argentina at the World Trade Organization, the WTO announced on Monday.

• Friday, August 10th 2012 - 22:28 UTC

  Mexico Ousts Brazil as Investors’ Top Choice in Latin America

  

  Due to increasing economic stability and a growing population, Brazil is now widely considered an economic powerhouse capable of maintaining and attracting foreign direct investments.(1)(2) However, recent corruption schemes, changes in monetary policy, and the ongoing 2008 global financial crisis have undermined Brazil’s shining reputation. In light of Brazil’s governmental intervention, the number of state-controlled enterprises, the growing debt-to-GDP in the private sector, and inflation rates, investors have begun to turn their attention to other economies in Latin America, especially Mexico.(3)

• Friday, July 20th 2012 - 07:37 UTC

  Mexican president-elect accused of laundering money in his campaign

  

  Mexico's ruling conservatives lent their support to accusations that President-elect Enrique Peña Nieto benefited from laundered money in his campaign, piling more pressure on the country's next leader.

• Wednesday, July 18th 2012 - 07:59 UTC

  Mexico banking regulator says it repeatedly warned HSBC on money laundering

  

  Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds passing through its accounts.

• Tuesday, July 17th 2012 - 19:07 UTC

  Mexican group sells 15 Caesar Park hotels in South America to French operator

  

  Mexican hotel operator Grupo Posadas said Monday it reached an agreement to sell its properties and management contracts in South America to French hospitality company Accor for 275 million dollars.

• Monday, July 9th 2012 - 06:17 UTC

  Peña Nieto confirmed as Mexican president but won’t have majority in Congress

  

  Enrique Peña Nieto won Mexico's July 1 presidential election by 3.3 million ballots, or almost 7 percentage points, although allegations of excessive campaign spending and voter fraud could be reviewed by the electoral tribunal, officials said.

• Friday, July 6th 2012 - 07:32 UTC

  Mexican president elect Peña Nieto wants a strategic alliance with Brazil

  

  Mexican president-elect Enrique Peña Nieto said in an interview that his administration will step up efforts in South America to repair the country’s image, including seeking a strategic alliance with Brazil.

• Friday, July 6th 2012 - 07:11 UTC

  Mexico follows on Argentina and withdraws from zero-tariff accord for auto industry

  

  Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.

• Wednesday, July 4th 2012 - 22:30 UTC

  Mexican election vote recount confirms winner Peña Nieto several points over runner-up

  

  Mexico's election officials on Wednesday recounted votes from more than half the polling booths in Sunday's presidential and congressional elections, responding to claims of fraud and requests for recounts in areas where the race was tight