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United States

Alexandra Alper

Jan 17 2017

Mexico lures undeclared cash with tax plan, eyes $10 billion intake

MEXICO CITY Mexico said on Tuesday it will offer holders of undeclared capital abroad tax incentives to bring it home in a bid to lure some $10 billion in investment and steel itself against potential shocks from the incoming Trump administration.

Jan 17 2017

Mexico to lure undeclared cash with lower repatriation tax-decree draft

MEXICO CITY, Jan 17 Seeking to boost its paltry tax take, Mexico's government will offer those holding undeclared capital abroad a lower tax to repatriate it and invest it at home, a draft of the decree obtained by Reuters showed on Tuesday.

Jan 10 2017

Mexico peso hits record low on Trump uncertainty, more weakening feared

MEXICO CITY Mexico's peso <MXX=D2> slumped to a new low against the dollar on Tuesday, fueled by concern about the policies of U.S. President-elect Donald Trump, and comments by an economic think tank that further depreciation is "almost inevitable."

Dec 06 2016

Slim, ICA team up on $3.5 bln Mexico airport terminal bid -sources

MEXICO CITY/MADRID, Dec 6 Mexican tycoon Carlos Slim and construction firm ICA will bid jointly to build a $3.5 billion terminal for Mexico City's new airport, and no longer face competition from Spanish rivals Ferrovial and Dragados, people familiar with the matter said.

Dec 01 2016

Trump's Carrier deal worthy of 'banana' republic: Mexico official

MONTERREY, Mexico U.S. President-elect Donald Trump's intervention to stop jobs at a plant in Indiana going to Mexico is typical of what happens in countries that Americans call "banana" republics, a senior Mexican state official said on Thursday.

Nov 23 2016

Exclusive: Mexico's Grupo Axo, Fibra Resort freeze IPOs due to Trump: sources

MEXICO CITY Mexican retail brand manager Grupo Axo and real estate investment trust Fibra Resort have frozen their initial public offerings until 2017 due to uncertainty over what Donald Trump's U.S. election win means for the economy, people familiar with the matter said on Wednesday.

Nov 22 2016

Mexico interest rates likely to follow U.S. move higher: Sanchez

MEXICO CITY Mexico is likely to further raise interest rates since the United States is expected to lift borrowing costs, Mexican Central Bank Deputy Governor Manuel Sanchez said in an interview on Tuesday.

Nov 14 2016

Exclusive: Mexico banking watchdog boosts oversight of banks after Trump win

MEXICO CITY Mexican banking regulators have begun extraordinary daily checks on the health of banks and brokerages since Donald Trump clinched the U.S. presidential election, four people familiar with the matter said.

Nov 07 2016

Weaker Venezuela, wary U.S. will test Nicaragua's re-elected leader

MANAGUA After clinching a third straight term by a landslide, Nicaragua's president faces headwinds from an economic crisis in financial ally Venezuela and increasingly rocky relations with top trading partner the United States.

Nov 07 2016

Nicaraguan leftist Ortega storms to landslide reelection

MANAGUA Nicaraguan leftist Daniel Ortega powered to his third consecutive term as president of the poor Central American country on Sunday, as voters cheered years of solid economic growth and overlooked criticism he is installing a family dynasty.

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