White House: US condemns Ecuador’s armed raid of Mexico’s embassy
(Reuters) – The United States condemned on Tuesday Ecuador’s use of force against embassy officials after its police and soldiers raided Mexico’s embassy last week to arrest former Vice President Jorge Glas.…
Mexico’s inflation seen slowing pace in November, ahead of cbank decision
MEXICO CITY (Reuters) – Mexico’s headline inflation likely continued to slow in November, a Reuters poll showed Monday, opening the door for the Bank of Mexico to opt for a less aggressive…
Mexico’s factories grow again amid sales improvement, job creation
MEXICO CITY (Reuters) – Mexico’s manufacturing sector expanded for a third straight month in November, picking up its pace of growth slightly, as tentative signs pointed to a recovery in demand conditions,…
Exclusive-To protect Pemex, Mexico’s energy ministry tried to block stricter flaring rules: documents
By Stefanie Eschenbacher MEXICO CITY (Reuters) – Mexico’s energy ministry tried earlier this year to block the publication of stricter rules on natural gas flaring, according to documents seen by Reuters, saying…
Mexico’s central bank not about to ‘decouple’ from Fed on rates, board member says
MEXICO CITY (Reuters) – The Mexican central bank is “not ready yet to decouple” from the U.S. Federal Reserve, and to do so prematurely could weaken the peso currency, Bank of Mexico…
Mexico’s America Movil to propose combination of share series
MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil will propose reclassifying three of its share series to shareholders, the company said Tuesday. The “AA,” “A” and “L” share series would become…
Mexico’s America Movil to propose combination of share series
MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil will propose reclassifying three of its share series to shareholders, the company said Tuesday. The “AA,” “A” and “L” share series would become…
Fitch downgrades Mexico’s Unifin to ‘D’ on bankruptcy proceedings
MEXICO CITY (Reuters) -Fitch Ratings on Friday downgraded Mexican leasing firm Unifin Financiera’s long and short-term local and foreign currency issuer default ratings (IDRs) to ‘D’ from ‘RD’ due to the firm’s…
USTR Tai, Mexico’s economy minister discuss energy, corn exports
WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai discussed differences with Mexico over its energy sector and U.S. corn exports in a virtual meeting on Thursday with Mexican Economy Minister Raquel Buenrostro, the USTR…
Mexico’s factories grow for 2nd month in a row; inflation bites again
MEXICO CITY (Reuters) – Mexico’s manufacturing sector grew, albeit slightly, for the second straight month in October, though challenges persisted, as stubbornly high inflation was one of several factors weighing on demand,…
Mexico’s FEMSA plans push for European kiosks, B2B fintech
By Kylie Madry MEXICO CITY (Reuters) – Mexican bottler and retailer FEMSA is banking on an expansion of Swiss kiosk operator Valora in upcoming quarters as well as a business-to-business service through…
FAA says has not approved Mexico’s plan to regain Category 1 aviation rating- source
By David Shepardson WASHINGTON (Reuters) – Mexico is making progress towards recovering its Category 1 aviation rating, but the U.S. Federal Aviation Administration (FAA) has not yet approved a plan, a source…
Mexico’s economy seen growing in Q3, but at slower pace – Reuters poll
MEXICO CITY (Reuters) – Mexico’s economy likely grew between July and September for the fourth consecutive quarter, though at a slower rate due to a slowdown in the United States, a Reuters…
Mexico’s FEMSA posts drop in Q3 earnings on increased costs
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) – Mexican bottler and retailer Femsa posted a drop in third-quarter net profit on Friday to 10.75 billion pesos ($534.10 million), down 23.8%…
Mexico’s Q3 economic activity points to 2.4% annual growth -finance ministry
MEXICO CITY (Reuters) – Mexico’s economic activity indicators in the third quarter point to economic growth in line with forecasts of 2.4% annual growth in 2022, the country’s finance ministry said on…
Mexico’s Televisa posts 47% jump in Q3 net profit
(Reuters) – Grupo Televisa, Mexico’s largest broadcaster, on Thursday said its third-quarter net profit jumped 47% from a year earlier, boosted by lower financial expenses. The company posted a net profit of…
Mexico’s Alsea posts 83% jump in Q3 net profit
MEXICO CITY (Reuters) – Mexican restaurant operator Alsea reported on Thursday a 83% jump in its third-quarter net profit, hitting 316.7 million pesos ($15.7 million), partly boosted by strong same store sales.…
Mexico’s Cemex posts third-quarter profit after raising prices
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) -Mexican cement producer Cemex posted a profit for the third quarter Thursday on higher prices, though shares slid after it missed core earnings…
Mexico’s border state Quintana Roo becomes 11th to allow abortion
MEXICO CITY (Reuters) – Lawmakers in Mexico’s southern border state of Quintana Roo voted on Tuesday to decriminalize abortion, making it the 11th in a string of states to rewrite their laws…
Mexico’s TV Azteca Q3 net profit falls 96% on higher taxes and expenses
MEXICO CITY (Reuters) – Mexico’s TV Azteca posted a 96% annual fall in its third-quarter net profit on Tuesday, hurt largely by higher income taxes, according to a financial filing. TV Azteca,…
Mexico’s Banorte drops out of bidding for Citi’s Banamex retail arm
By Valentine Hilaire MEXICO CITY (Reuters) -Mexico’s Grupo Financiero Banorte said on Friday it had pulled out of the bidding process for Citigroup’s local retail arm Banamex, leaving just a handful of…
Mexico’s inflation seen slowing a bit in first half of October – Reuters poll
MEXICO CITY (Reuters) – Mexican headline inflation is forecast to have slowed slightly in the first half of October, a Reuters poll showed on Friday, though it likely did not fall enough…
Mexico’s most populous state approves same-sex marriage
MEXICO CITY (Reuters) – The congress of Mexico’s most populous state, State of Mexico, on Tuesday voted overwhelmingly to legally recognize same-sex marriage, becoming the 29th of Mexico’s 32 states to do…
Mexico’s economic growth to slow in next few quarters- IMF
MEXICO CITY (Reuters) – Mexico’s growth is projected to slow in the next few quarters, despite the country’s fiscal and monetary policy putting it in a good position to navigate global turmoil,…
Mexico’s president to strengthen anti-inflation plan
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Monday he will hold a meeting with his cabinet members to strengthen the country’s anti-inflation plan, as financial analysts warn…
Mexico’s economy seen reaching pre-pandemic levels in 2023, lagging peers -Fitch
MEXICO CITY (Reuters) – Mexico’s economy is forecast to finally claw its way back to pre-pandemic levels sometime next year, ratings agency Fitch Ratings said on Friday, after COVID-19 ground the global…
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