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.
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.
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]
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.
MEXICO CITY, Nov 21 (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 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.
MEXICO CITY (Reuters) – Rising U.S. interest rates and hurdles to smooth implementation of economic reforms pose risks to Mexican growth, the International Monetary Fund said on Wednesday.
Mexico, Latin America’s second-largest economy, could see investor outflows and asset price swings if the United States raises interest rates earlier or more sharply than expected, the IMF said in a report after its annual health check of Mexico’s economy.
MEXICO CITY, Oct 31 (Reuters) – Mexico’s central bank kept
interest rates on hold on Friday and argued that a recent spike
in inflation would quickly fade next year while flagging the
risk that social unrest in the country could dampen a modest
The Banco de Mexico maintained its benchmark interest rate
at a record low of 3 percent, as expected by 15 of
16 analysts polled by Reuters.
MEXICO CITY (Reuters) – Mexican tax authorities are looking to ramp up a tax avoidance probe of major multinationals to scour for evidence of evasion, officials said on Tuesday, adding that they were close to a deal with one firm.
In January, Mexico said it had launched a probe of 270 companies, with a focus on seven, for allegedly exploiting legal tax loopholes that have leaked income out of Mexico for years.
MEXICO CITY (Reuters) – The world’s largest household product maker Procter & Gamble and No. 2 toymaker Hasbro are at the heart of a Mexican probe into tax avoidance that could cost the firms hundreds of millions of dollars in back-taxes between them, sources told Reuters.
In January, Mexico said it had launched a probe of 270 companies for allegedly exploiting tax loopholes that have leaked income out of Mexico for years.
MEXICO CITY, Sept 24 (Reuters) – Mexican annual inflation
remained above the central bank’s tolerance ceiling in early
September but cooled slightly versus late August, suggesting
that policymakers will hold borrowing costs steady at a record
low for some time.
A separate report showed Mexico’s economy grew at its
fastest pace in three months in July, in a sign that Latin
America’s No. 2 economy is picking up after a weak start to the