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.
Mexico's government has punished the former chief executive of state oil firm Petroleos Mexicanos for misuse of public funds in the purchase of fertilizer business Fertinal, according to three people with knowledge of the matter.
Private equity firm Colony Latam Partners, part of Los Angeles-based investment group Colony Capital Inc, will invest up to $5 billion in Mexico, Chile, Colombia and Peru over the next several years, executives said on Wednesday.
Buckling under surging asylum applications and the lowest budget in years, Mexico's tiny refugee agency has turned to the United Nations for help opening three new offices across the country starting next month, its director said on Tuesday.
Mexican Foreign Minister Marcelo Ebrard said on Wednesday he saw a "good chance" that the United States-Mexico-Canada Agreement (USMCA) trade pact would be ratified.
Mexico has done "everything it needed to do" to get the United States-Mexico-Canada Agreement (USMCA) trade deal in shape for congressional ratification, Mexican deputy economy minister Luz Maria de la Mora said on Wednesday.
Mexican President Andres Manuel Lopez Obrador said on Wednesday he would not be drawn into a dispute with the United States when asked about his U.S. counterpart Donald Trump's latest criticism that Mexico was not doing enough to stop illegal immigration.
Mexico aims to slow a surge in U.S.-bound Central American migrants from entering its territory from next year once a regional development plan begins taking hold, a senior Mexican official said.
An executive in Japan's SoftBank Group said on Tuesday that the technology conglomerate is open to partnering with major Mexican consumer companies, such as retailer Femsa and bread-maker Bimbo, along with startups in the country.
Mexican state oil company Pemex is striving to increase oil production by 1 million barrels per day (bpd) by the end of 2024 by developing existing oilfields and others yet to be discovered, the company's chief executive said.
The U.S. Department of Defense is considering a U.S. military request to send about 5,000 additional troops to the Middle East amid increasing tensions with Iran, two U.S. officials told Reuters on Wednesday.