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Mexico presidential front-runner unveils planned cabinet

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MEXICO CITY The leftist front-runner for Mexico's 2018 presidential election on Thursday proposed a moderate U.S.-trained economist for finance minister, unveiling a planned cabinet made up of men and women in equal measure.

Mexico central bank hikes key rate, says ready to act again

MEXICO CITY Mexico's central bank raised borrowing costs on Thursday in the face of intensifying inflation pressures and said it was willing to act again whenever needed in order to rein in the jump in consumer prices.

Dec 14 2017

Mexico's central bank hikes interest rate on inflation risks

MEXICO CITY Mexico's central bank hiked borrowing costs by 25 basis points on Thursday, and said it was willing to act again whenever needed due to intensifying risks to inflation.

Dec 14 2017

Mexico Senate committees pass controversial security bill

MEXICO CITY Mexican Senate committees on Wednesday approved a controversial security bill that human rights groups say risks granting excessive power to the armed forces in their already checkered role in combating organized crime in the country.

Dec 14 2017

Mexican authorities warn cryptocurrency offerings could be a crime

MEXICO CITY Mexico's finance ministry and central bank warned on Wednesday that cryptocurrencies were risky investments and said fundraising programs known as initial coin offerings (ICOs) could potentially violate Mexican financial law.

Dec 13 2017

Mexico sees possible EU trade deal as NAFTA talks drag on

BUENOS AIRES Mexico and the European Union could reach a framework for a trade deal by the end of the year, though differences remain over agricultural market access, Mexican Economy Minister Ildefonso Guajardo said on Wednesday.

Dec 13 2017

Mexico's Pemex to begin restart of smallest refinery on Dec. 16

MEXICO CITY Mexico's state-run oil company Pemex plans to begin bringing back online its Ciudad Madero refinery this coming weekend following prolonged maintenance work that took the facility offline, an official said on Wednesday.

Dec 13 2017

Aeromexico crews learning to detect signs of human trafficking

BOGOTA (Thomson Reuters Foundation) - Aeromexico and the Mexican government are teaming up to train airline staff and crew to spot possible victims of human trafficking, a global crime fueled by "lack of visibility, indifference and tolerance," officials said.

Dec 12 2017

Mexico's presidential front-runner vows more welfare, formalizes bid

MEXICO CITY Mexican front-runner for next year's election, Andres Manuel Lopez Obrador, formalized his bid for the presidency on Tuesday and promised his government would spend on the young, elderly and farmers.

Dec 12 2017

Mexico government bans Odebrecht unit from public contracts for four years

MEXICO CITY The Mexican government has banned an affiliate of construction company Odebrecht from bidding for federal public contracts for four years, in an investigation stemming from the bribery scandal that has engulfed the Brazil-based builder.

Dec 12 2017

Eni raises Mexico estimates after wrapping up drilling campaign

MILAN Italian energy group Eni said on Tuesday it had raised its estimates for oil and gas in its Area 1 prospect in Mexico to 2 billion barrels from a previous 1.4 billion after completing its drilling campaign.

Dec 12 2017

Wife of disgraced Mexican governor taking 'refuge' in UK: report

MEXICO CITY The wife of a detained former Mexican governor is living in Britain and has demanded back artwork, golf clubs and crystal that were seized by the government, according to a letter obtained by news site Animal Politico.

Dec 11 2017

Uber fights ban on cash payments in Mexican state

MEXICO CITY Uber Technologies Inc said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America.

Dec 11 2017

Mexican retail group says November same-store sales rose 5.4 percent

MEXICO CITY Mexico's retail association said on Monday that sales at stores open for at least a year rose by 5.4 percent in November, compared to the same month a year earlier.

Dec 11 2017

Two-thirds of Mexicans reject amnesty for gang members: poll

MEXICO CITY Two-thirds of Mexicans reject offering an amnesty to members of criminal gangs as a way of reducing violence in the country, a poll showed on Monday, days after a top leftist presidential candidate floated the idea of exploring the step.

Dec 11 2017

Mexico central bank seen hiking rates after uptick in inflation

MEXICO CITY Mexico's central bank is seen raising its benchmark interest rate this Thursday to beat back persistently above-target inflation, matching an expected rate hike by the U.S. Federal Reserve, according to a Reuters poll.

Dec 11 2017

Mexican opposition leader Anaya to seek presidency in coalition

MEXICO CITY Mexican opposition leader Ricardo Anaya said on Sunday he would seek to win the presidency in a left-right alliance after stepping down as head of the conservative National Action Party (PAN).

Dec 10 2017

Mexico right-left coalition presents bid to run in 2018 election

MEXICO CITY Mexico's newest political force formally emerged on Friday when a right-left coalition presented its official request with the electoral institute to compete in next year's presidential election.

Dec 09 2017

Mexican president asks Senate to broaden discussion over security bill

MEXICO CITY Mexican President Enrique Pena Nieto on Friday asked Senate lawmakers to include civil society's views in their discussion of a divisive bill that critics say would give the military greater powers and deepen its role in the country's drug war.

Dec 08 2017

Mexico says deepwater oil tender doomed by Brazil competition

MEXICO CITY Mexican national oil company Pemex on Friday blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices.

Dec 08 2017
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While focus is on North Korea, China continues South China Sea buildup: think tank

WASHINGTON While attention in Asia has been distracted by the North Korean nuclear crisis in the past year, China has continued to install high-frequency radar and other facilities that can be used for military purposes on its man-made islands in the South China Sea, a U.S. think tank said on Thursday.