United States


Trump proposes deep U.S. spending cuts in Mexico, Central America


MEXICO CITY President Donald Trump on Tuesday proposed drastically slashing U.S. foreign aid spending in Mexico and Central America, which are struggling with drug violence, graft and poverty that prompts many from the troubled region to migrate north.

Mexico warns on NAFTA sourcing: 'Don't shoot ourselves in the foot'

MEXICO CITY Mexico's economy minister on Tuesday sounded a note of caution to the three countries involved in NAFTA trade negotiations, saying they should be careful not to adjust rules on local sourcing of parts too much, or risk driving business elsewhere.

4:12pm EDT

Mexico's oil regulator approves new Gulf area for Pemex

MEXICO CITY Mexico's oil regulator on Tuesday approved a promising new deep water block to state oil company Pemex [PEMX.UL], but conditioned the allotment on the firm developing the area with a partner that would eventually operate it.

12:21pm EDT

IMF says reaffirms Mexico's $86 billion flexible credit line

MEXICO CITY The International Monetary Fund on Tuesday said it reaffirmed Mexico's access to a flexible credit line worth about $86 billion dollars that the country could use to stabilize its currency in cases of extreme volatility.

9:08am EDT

Mexico says supports OPEC cuts as way to stabilize oil market

VIENNA Mexico supports an extension of OPEC's supply cuts as a way to stabilize oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday.

5:45am EDT

Two indigenous brothers killed in Mexico amid rising violence

MEXICO CITY Authorities in Mexico are investigating the murder of two indigenous brothers and sending a special team to a far-flung village to protect other members of the Huichol tribe, the governor of the state of Jalisco said on Monday.

12:58am EDT

Mexico growth outlook brightens on exports, tone on NAFTA: official

MEXICO CITY The outlook for Mexico's economy is improving after stronger factory exports in the first quarter and a more optimistic tone on trade talks with the United States, a top finance ministry official said on Monday.

May 22 2017

Exclusive: North American carmakers want rules of origin in NAFTA left untouched - Mexico lobby

MEXICO CITY The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers' association said on Monday.

May 22 2017

Mexico raises 2017 growth estimate as Trump fears fade

MEXICO CITY Mexico revised its official 2017 growth estimate upward on Monday, shortly after government data showed the economy was largely shrugging off fears U.S. President Donald Trump's policies would wreak havoc on exports and investment.

May 22 2017

Mexico economy doing better than expected but risks persist-Meade

MEXICO CITY Mexico's economy is headed in a better direction than analysts had expected at the start of the year but risks of "volatility" persist, Finance Minister Jose Antonio Meade said on Monday.

May 22 2017

Building more risk not an option for Mexico: disaster official

TEPIC, Mexico (Thomson Reuters Foundation) - Menaced by volcanoes, earthquakes and hurricanes, Mexico has made strides in forming a national plan to reduce those and other risks, but business and communities must be involved to make the country more robust in the long term, said its emergency services chief.

May 22 2017

Bus plunges 90 meters off Mexican roadside, killing at least 17

MEXICO CITY At least 17 people were killed and 31 were injured when a bus plunged some 90 meters (300 feet) off a roadside in a mountainous region of southern Mexico near the Guatemalan border, authorities said on Sunday.

May 22 2017

Mexico opposition leaders eye possible election tie-up in 2018

MEXICO CITY The leaders of two of Mexico's main opposition parties on Saturday floated the possibility of joining forces in the 2018 presidential elections to defeat the ruling Institutional Revolutionary Party (PRI) of President Enrique Pena Nieto.

May 20 2017

Mexican mob attacks Russian man in Cancun over insults

MEXICO CITY A mob of angry Mexicans attacked a Russian man in the Caribbean resort of Cancun with sticks and rocks over his repeated insults against locals, and the 42-year-old man was accused of fatally stabbing a youth in the melee, authorities said on Saturday.

May 20 2017

Quake of 5.7 magnitude hits Mexico, no damage reported

MEXICO CITY Am earthquake of 5.7 magnitude struck southwestern Mexico on Saturday, but there were no immediate reports of damage or casualties, the Mexican government said.

May 20 2017

Mexico sugar firm calls on President to protect industry from U.S. deals

MEXICO CITY A Mexican sugar company on Friday called on the Mexican government to take action against American fructose producers and defend local sugarcane producers from agreements with the United States that regulate the sugar trade.

May 19 2017

German minister backs NAFTA on Mexico visit, urges U.S. support

MEXICO CITY Germany's foreign minister voiced support for the North American Free Trade Agreement (NAFTA) during a visit to Mexico on Friday, giving a diplomatic boost to the country ahead of its renegotiation of the accord with the Trump administration.

May 19 2017

Mexico private sector eyes more NAFTA content in future products

MEXICO CITY A modernization of the NAFTA trade deal should protect existing industrial supply chains in North America, but could seek to source more work for future products from the member states to help create jobs, a top Mexican negotiator in the process said.

May 19 2017

Mexico buys cheaper Brazil corn as NAFTA talks loom: official

MEXICO CITY Mexico expects to import a record amount of yellow corn from Brazil this year after its livestock producers secured lower prices in deals with suppliers on a recent visit to South America as NAFTA talks loom, a Mexican official said Thursday.

May 19 2017

ExxonMobil plans to import fuel to Mexico to supply its gas stations

MEXICO CITY ExxonMobil Corp said on Thursday that it will start importing its own gasoline into Mexico before the end of the year to supply the Mobil-brand gas stations it will be opening in Latin America's second largest economy.

May 18 2017

British police name suicide bomber, threat level raised to critical

MANCHESTER, England British police on Tuesday identified the suicide bomber who killed 22 people, including children, in an attack on a crowded concert hall in Manchester, and said they were trying to establish whether he had acted alone or with help from others. | Video