Alexandra's Feed
Apr 14, 2015

Toyota to invest $1 billion on new Mexico plant, create 2,400 jobs: source

MEXICO CITY (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), the world’s biggest automaker, will spend $1 billion to build a car factory in Mexico and plans to announce the investment on Wednesday, two sources with direct knowledge of the matter said.

The 200,000-cars-a-year factory in the central state of Guanajuato will create about 2,400 direct jobs, one of the people told Reuters, declining to be identified because the plan was not yet public.

Mar 26, 2015

Mexico central bank flags risk of Fed move on peso, weak growth

MEXICO CITY (Reuters) – Mexico’s central bank held interest rates MXCBIR=ECI steady on Thursday at a record low as policymakers eyed greater risks to growth and flagged concerns that a U.S. Federal Reserve move could hit the sinking peso.

The bank left its main interest rate at 3.00 percent as expected by a Reuters poll, promising to closely watch the actions of the Fed, which is expected to raise rates for the first time since 2006 as soon as September.

Mar 18, 2015

Mexico finance minister sees sustained oil slump, 2016 budget hit

MEXICO CITY, March 18 (Reuters) – Mexican Finance Minister
Luis Videgaray said on Wednesday he does not expect the recent
plunge in oil prices to be temporary and that Mexico’s public
finances will face major difficulties next year as a result.

Mexico is an oil exporter and the drop in crude prices has
pushed its peso currency to record lows, leading the country to
slow the pace of foreign currency purchases and ramp up dollar
auctions to stem the slide.

Mar 11, 2015

Mexico launches new currency measures, peso off record low

MEXICO CITY, March 11 (Reuters) – Mexico moved on Wednesday
to stem a slide in the peso to record lows, selling a first $52
million tranche under plans to auction around $3 billion over
the next three months and slowing the pace of reserve
accumulation.

The $52 million daily dollar auction, which has no minimum
price, began on Wednesday and will last until June 8. After
that, the currency commission said it would decide whether to
continue the daily auction.

Feb 23, 2015

Sharapova less fixated on top spot but eager to beat Serena

MEXICO CITY (Reuters) – Regaining the world’s top ranking in women’s tennis is less important to five-times grand slam winner Maria Sharapova than it was when she was younger, but the Russian is eager to beat dominant player Serena Williams.

Williams beat Sharapova, who is ranked number two, to claim her 19th grand slam singles title in the Australian Open final last month.

Feb 23, 2015

Tennis-Sharapova less fixated on top spot but eager to beat Serena

MEXICO CITY, Feb 22 (Reuters) – Regaining the world’s top ranking in women’s tennis is less important to five-times grand slam winner Maria Sharapova than it was when she was younger, but the Russian is eager to beat dominant player Serena Williams.

Williams beat Sharapova, who is ranked number two, to claim her 19th grand slam singles title in the Australian Open final last month.

Jan 15, 2015

Mexico says oil slump could delay some tenders, hit public spending

MEXICO CITY, Jan 15 (Reuters) – Mexico said on Thursday that
the tenders for the exploration and production of shale and
other more expensive oil and gas deposits could happen later
than planned due to the slump in oil prices, which could also
hurt government spending in 2016.

The tender for Mexico’s first round of contracts under a
historic energy sector opening is already underway and includes
several packages of fields grouped by type of basin.

Dec 10, 2014

Central America ready to commit $5 bln to migration plan -Guatemala

VERACRUZ, Mexico (Reuters) – Three Central American nations that have sent a flood of migrants to the United States are ready to provide $5 billion between them to match a sum Washington says may be needed to help solve the problem, Guatemala’s president said on Tuesday.

Struggling to stop the migrant exodus that sparked a crisis in the summer, Guatemala, Honduras and El Salvador presented U.S. officials with a plan in September to boost their economic growth with infrastructure investment.

Dec 5, 2014

Holding rate, Mexico cenbank eyes inflation risk from weak peso

MEXICO CITY, Dec 5 (Reuters) – Mexico’s central bank on
Friday held borrowing costs steady but said a slump in the peso
could add to inflation pressures, and noted that growing social
unrest in Latin America’s No. 2 economy may crimp growth.

The central bank left its main interest rate at
a record low of 3.00 percent, as expected by 19 of 20 analysts
polled by Reuters last week. IDL:nL6N0TI4BK]

Nov 21, 2014

Mexico cuts 2014 growth forecast after surprisingly weak third quarter

MEXICO CITY (Reuters) – Mexico’s finance ministry cut its 2014 growth forecast on Friday after the economy grew unexpectedly slowly in the third quarter in a modest recovery that is now also threatened by rising social unrest.

Mexican gross domestic product MXGDPQ=ECI expanded 0.5 percent in the third quarter from the second, the national statistics agency said on Friday, slowing from a downwardly revised 0.9 percent growth in the April-to-June period.