Edition:
United States

Daina Beth Solomon

Mexico says no to safe third-country asylum discussion with U.S.

11:59am EDT

MEXICO CITY Mexico will not agree to further discussion of safe third country status for asylum seekers, the foreign minister said, adding it was not clear what the Trump administration's stance was on the issue despite a deadline reached on Monday.

Mothers' Day surprise helps Walmart in Mexico to profit jump

Jul 18 2019

MEXICO CITY Walmart de Mexico, Mexico's largest retailer, on Thursday reported a nearly 10% jump in second-quarter net profit, beating expectations as higher traffic partly attributed to Mother's Day and the summer season boosted sales.

MercadoLibre preps to offer investment platform for e-wallet users

Jul 17 2019

MEXICO CITY MercadoLibre Inc, Latin America's top e-commerce platform, is taking its latest step into the world of banking, saying on Wednesday that it would start allowing Mexican users of its e-wallet to earn interest on money saved in its app by year-end.

U.S. dream pulls African migrants in record numbers across Latin America

Jul 05 2019

TAPACHULA, Mexico Marilyne Tatang, 23, crossed nine borders in two months to reach Mexico from the West African nation of Cameroon, fleeing political violence after police torched her house, she said.

Walmart in Mexico launches grocery orders via WhatsApp

Jun 24 2019

MEXICO CITY Walmart's Mexico unit has begun offering grocery delivery from its Superama stores via messaging service WhatsApp, the retailer said on Monday, in a new stab at attracting shoppers outside bricks-and-mortar supermarkets.

Mexico plans cutbacks to president's flagship 'Mayan Train' project

Jun 18 2019

MEXICO CITY Mexico will shorten the 1,525-km (948-mile) route for a proposed "Mayan Train" designed to link tourist hot spots and spur development on the Yucatan Peninsula, an official said on Tuesday, in a move aimed at saving about $287 million in costs.

Exclusive: Mexico blamed Walmart's size, access to rivals' data in blocking app deal

Jun 14 2019

MEXICO CITY Mexican officials blocked Walmart Inc's deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.

Pemex bonds tank after Fitch 'junk' rating, Mexico slams downgrade

Jun 07 2019

MEXICO CITY The bonds of Mexican state oil company Pemex took a beating on Friday as investors fretted over chances that Moody's ratings agency could soon follow Fitch in downgrading the debt to "junk," which would trigger a forced sell-off.

Ikea plans to open first Mexico store in 2020

May 22 2019

MEXICO CITY IKEA, the world's largest furniture seller, will open its first store in Mexico next year and plans to launch other stores around the country, the company said on Wednesday, as it expands in Latin America to counter growing competition in its core U.S. and European markets.

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