Dave's Feed
Feb 1, 2013

Mexico rescue workers search for survivors after Pemex blast kills 25

MEXICO CITY, Feb 1 (Reuters) – Emergency services worked
into the early hours of Friday to find people trapped in rubble
under state oil company Pemex’s headquarters in Mexico City
after an explosion that killed at least 25 people and injured
more than 100.

Scenes of confusion and chaos at the downtown tower dealt
yet another blow to Pemex’s image as Mexico’s new president
courts outside investment for the 75-year-old monopoly.

Dec 11, 2012

Mexican president confident of key reforms in 2013

MEXICO CITY (Reuters) – Mexican President Enrique Pena Nieto said on Monday he is confident that reforms to shake up state oil giant Pemex and the country’s tax regime, key planks of his drive to accelerate economic growth, will be approved in 2013.

The youthful Pena Nieto took office on December 1 pledging to fire up the economy after years of underperformance, during which it fell behind its big Latin American peer Brazil.

Dec 6, 2012

Ancestral Russia lures land-hungry Mexican Mennonites

CUAUHTEMOC, Mexico (Reuters) – More than a century after Mennonite farmers left Russia for North America in search of new lands and religious freedom, hundreds of their descendants in Mexico are thinking about completing the circle.

Shortage of farmland, drought and conflict with rivals have made some Mennonites in northern Mexico wonder if the best way of providing for their families is to go back to the plains of eastern Europe their ancestors left in the 19th century.

Dec 6, 2012

Exclusive: Mexico Yahoo plaintiffs open to settlement

MEXICO CITY (Reuters) – Two companies in Mexico which won a surprise $2.7 billion preliminary judgment against Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) in a contractual dispute said on Wednesday they are willing to settle for less money, which might avoid a long legal battle.

The ruling by the 49th Civil Court of the Federal District of Mexico City, which was issued on Friday and perplexed the tech world, involves allegations of breach of contract related to an online yellow pages listings service, according to Yahoo.

Dec 6, 2012

Mexico Yahoo plaintiffs open to settlement

MEXICO CITY, Dec 5 (Reuters) – Two companies in Mexico which
won a surprise $2.7 billion preliminary judgment against Yahoo
Inc in a contractual dispute said on Wednesday they are
willing to settle for less money, which might avoid a long legal
battle.

The ruling by the 49th Civil Court of the Federal District
of Mexico City, which was issued on Friday and perplexed the
tech world, involves allegations of breach of contract related
to an online yellow pages listings service, according to Yahoo.

Dec 5, 2012

Plaintiff in Mexico Yahoo case says open to settlement

MEXICO CITY (Reuters) – A plaintiff in a case against Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) in which a Mexico City civil court made a $2.7 billion preliminary judgment against the U.S. firm said on Wednesday he and his partners were willing to accept a legal settlement for less.

The ruling by the 49th Civil Court of the Federal District of Mexico City, which was issued on Friday and perplexed the tech world, involves allegations of breach of contract related to an online yellow pages listings service, according to Yahoo.

Dec 2, 2012

Mexico’s Pena Nieto takes power vowing to end violence

MEXICO CITY (Reuters) – Enrique Pena Nieto took over as Mexico’s president on Saturday, promising to end years of violence and sluggish economic growth, and giving the party that shaped modern Mexico a shot at redemption after 12 years out of office.

The 46-year-old Pena Nieto said the people had been let down since his centrist Institutional Revolutionary Party, or PRI, fell from power in 2000, and pledged a raft of changes to boost growth, create jobs and fight poverty.

Dec 1, 2012

Mexico’s Pena Nieto takes power, begins new era for old ruling party

MEXICO CITY (Reuters) – Enrique Pena Nieto takes over as Mexican president on Saturday, offering a shot at redemption for the party that shaped modern Mexico if he can bring about an end to years of violence and economic underperformance.

Returning the centrist Institutional Revolutionary Party, or PRI, to power after a 12-year hiatus, the 46-year-old Pena Nieto aims to use a recent improvement in the economy’s fortunes to spark faster growth.

Dec 1, 2012

Mexico’s Pena Nieto picks close aides for top Cabinet jobs

MEXICO CITY (Reuters) – Mexico’s incoming president, Enrique Pena Nieto, picked close allies on Friday to head the finance and interior ministries as he seeks to craft economic reforms and reduce drug violence in Latin America’s second-biggest economy.

Right-hand man Luis Videgaray will take on the Finance Ministry, while Pena Nieto’s close political ally Miguel Angel Osorio Chong will oversee a more powerful Interior Ministry that will be responsible for security in the new government.

Nov 30, 2012

Mexico’s Pena Nieto appoints top aides to major Cabinet posts

MEXICO CITY (Reuters) – Mexico’s incoming president, Enrique Pena Nieto, on Friday named close allies to head the important finance and interior ministries as he seeks to spur growth and reduce drug-related violence in Latin America’s second-biggest economy.

Right-hand man Luis Videgaray will take on the Finance Ministry, while Pena Nieto’s close political ally Miguel Angel Osorio Chong will oversee a strengthened Interior Ministry that will be responsible for security in the new government.