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 Inbursa says still interested in Citibanamex sale
MEXICO CITY – Mexican bank Inbursa remains interested in the sale of Citigroup’s Mexico retail operations, known as Citibanamex, and a bid will depend on whether it is sold at a “good”…
Mexico’s Grupo Salinas vows to fight order to pay 2.447 billion pesos in tax dispute
MEXICO CITY – Mexico’s Grupo Salinas, the parent company of broadcaster TV Azteca, said on Tuesday it will keep fighting in a legal dispute that has resulted in an order to pay…
Mexico’s economy likely grew 1.1% in first quarter – Reuters poll
MEXICO CITY – Mexico’s economy is thought to have expanded between January and March for the first time in three quarters, driven by domestic consumption and a rebound in exports, a Reuters…
Mexico’s Banorte eyes Banamex, shares surge
By Kylie Madry MEXICO CITY -Mexico’s Banorte said on Friday that “non-disclosure agreements” had been signed as a preliminary step toward a possible bid for Citigroup’s Citibanamex subsidiary even as the Mexican…
Mexico’s Coca-Cola FEMSA seals Campari distribution deal in Brazil
MEXICO CITY – Coca-Cola FEMSA has reached an agreement to distribute Campari Group products in Brazil, the Mexican bottling company said on Tuesday. Italy’s Campari, known for its alcoholic drinks such as…
Subsidiary of Mexico’s Femsa agrees to acquire U.S. distributor Sigma Supply
MEXICO CITY – Mexican bottler and retailer FEMSA announced on Tuesday its U.S. subsidiary Envoy Solutions reached an agreement to acquire the distributor Sigma Supply for an undisclosed amount. FEMSA said the…
Mexico’s Cartel Violence Spills Near Five-Star Resorts Where Tourists Are Their Drug Customers
Mexico’s Cartel Violence Spills Near Five-Star Resorts Where Tourists Are Their Drug Customers Jennie Taer on April 4, 2022 Tourists staying at luxury hotels in Cancun and Tulum are noticing a massive…
Mexico’s factories contract for 25th straight month, inflation rises
MEXICO CITY – Mexico’s manufacturing sector contracted for the 25th month in a row in March, amid rising inflation, global shortages of materials, and economic uncertainty due to the pandemic and the…
Air Canada signs interline agreement with Mexico’s Aeromar
MEXICO CITY – Carrier Air Canada and Mexico’s Aeromar signed an agreement to jointly market routes through Mexico, the airlines announced in a statement on Tuesday. Air Canada, which already flies to…
Mexico’s Aeromexico rents nine Boeing planes in deal with Air Lease
MEXICO CITY – Mexican airline Aeromexico has reached an agreement to rent nine Boeing planes, Air Lease Corporation said on Friday, expanding the carrier’s fleet as it emerges from Chapter 11 bankruptcy.…
Mexico’s migration institute suspends operations in Tapachula after ‘violent’ incident
– Mexico’s National Migration Institute (INM) said on Friday it has temporarily suspended operations in the city of Tapachula, in Chiapas, after some staff were injured in what it called a “violent”…
Mexico’s Grupo Aeromexico shares slump after public tender offer closes
MEXICO CITY, Mar 15 – Mexico’s Grupo Aeromexico shares plunged for a fourth day in a row on Tuesday after nearly a fifth of the company’s capital was sold at 1 cent…
Mexico’s Femsa eyes thousands more Oxxo stores across Latin America
By Valentine Hilaire and Kylie Madry MEXICO CITY – Mexican bottler and retailer Femsa plans to increase the number of its Oxxo convenience stores by as much as 50% across Latin America…
Mexico’s Grupo Bimbo suspends operations in Ukraine plant, citing safety concerns
MEXICO CITY – Mexican breadmaker Grupo Bimbo said on Sunday it has temporarily suspended operations in its Dnipro plant to ensure the safety of its 150 workers, all of whom are Ukrainians,…
Mexico’s gas flaring soars, igniting fears for its climate goals
By Stefanie Eschenbacher PROCESADOR DE GAS CACTUS, Mexico – It never gets completely dark in Colonia El Carmen, home to Mexico’s largest natural gas processing center, in the poor southern state of…
U.S. states, other nations back Mexico’s lawsuit against gun makers
By Nate Raymond BOSTON – Thirteen U.S. states and two Latin America and Caribbean nations on Monday threw their support behind a lawsuit from Mexico that accuses several major U.S. gun makers…
Mexico’s finance ministry says talk of ‘technical recession’ imprecise
By Anthony Esposito and Noe Torres MEXICO CITY – Mexico’s Deputy Finance Minister Gabriel Yorio said on Friday that talk of a “technical recession” in the country doesn’t take into account coronavirus-related…
Mexico’s economy likely entered recession in fourth quarter: Reuters poll
By Miguel Gutierrez and Gabriel Burin MEXICO CITY – Mexico’s economy likely contracted in the last three months of 2021, in what would mark a second straight quarter of negative growth and…
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