MEXICO CITY (Reuters) – A Mexican state could approve medicinal use of marijuana by the end of this year, paving the way for further steps toward legalizing the drug, former Mexican President Vicente Fox said on Monday.
Political pressure inside Mexico to liberalize its stance on marijuana has been rising since the U.S. states of Washington and Colorado legalized possession and sale of the drug for recreational use in 2012.
MEXICO CITY, Aug 27 (Reuters) – South Korean automaker Kia
Motors Corp has earmarked $1 billion to build a
vehicle assembly plant in Mexico, and President Enrique Pena
Nieto said on Wednesday he expects the plant will spur
investments by suppliers of another $1.5 billion.
The plant, with a capacity to build 300,000 vehicles a year,
will be located in the state of Nuevo Leon and should open in
the first half of 2016, Kia said.
MEXICO CITY (Reuters) – South Korean automaker Kia Motors Corp has earmarked $1 billion to build a new vehicle assembly plant in Mexico and suppliers will likely invest a further $1.5 billion, President Enrique Pena Nieto said on Wednesday.
The plant, with a capacity to build 300,000 vehicles a year, will be located in the state of Nuevo Leon and should open in the first half of 2016, Kia said.
MEXICO CITY, July 2 (Reuters) – Mexico’s Senate on Friday
aims to pass long-delayed legislation setting out the fine print
of a major reform of the phone and TV markets that seeks to curb
the power of multibillionaire Carlos Slim and broadcaster
On Tuesday, the Senate presented a revised draft of the
so-called secondary laws needed to implement President Enrique
Pena Nieto’s 2013 overhaul of the telecoms and broadcasting
sectors, where immense powers are concentrated in few hands.
TAMPICO, Mexico, June 25 (Reuters) – During Mexico’s first
oil boom, Tampico was such a magnet for foreign capital that it
became the biggest oil-exporting port in the Americas and home
to grandiose architecture that inspired comparisons to Venice
and New Orleans.
A century on, Tampico is the country’s kidnap capital,
racked by fear, murder and extortion that threaten to choke off
its bid to make a comeback as Mexico, the world’s No. 10 crude
oil producer, opens up its oil and gas industry.
MEXICO CITY, June 19 (Reuters) – Political wrangling in
Mexico means Congress is unlikely to approve before July
legislation to complete an energy overhaul at the center of
President Enrique Pena Nieto’s economic agenda, lawmakers said
The ruling Institutional Revolutionary Party, or PRI, had
hoped to pass in June the so-called secondary laws for a reform
that will offer oil production and exploration rights to private
companies, ending a state monopoly that dates back to 1938.
MEXICO CITY (Reuters) – Mexico and the United States cannot pursue diverging policies on marijuana legalization, Mexican President Enrique Pena Nieto was quoted as saying on Sunday, hinting he may be open to following the lead taken by some U.S. states in changing drug laws.
Political pressure has grown in Mexico to take a more liberal stance on marijuana since Washington and Colorado decided to legalize possession and sale of the drug for recreational use in 2012. Other U.S. states plan votes soon.
MEXICO CITY (Reuters) – The leader of Mexico’s biggest opposition party comfortably won re-election on Sunday, boosting President Enrique Pena Nieto’s efforts to enact measures to open up the oil industry and increase competition in the telecoms sector.
The center-right National Action Party (PAN), has been badly divided by an internal power struggle centering on how far the party should cooperate with Pena Nieto’s Institutional Revolutionary Party (PRI), which lacks a majority in Congress.
MEXICO CITY (Reuters) – In his first year in power, Enrique Pena Nieto raced to push through Congress the most ambitious reforms Mexico has seen in a generation, raising hopes of a new dawn for Latin America’s second largest economy.
But this year the Mexican president’s sprint has slowed to a walk with Congress mired in opposition disputes that are holding up the legislation that is supposed to end years of anemic growth.
VIENNA/MEXICO CITY (Reuters) – Mexico’s Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.
Slim’s telecoms group, America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz), agreed to back a 1 billion euro capital increase for Telekom Austria (TELA.VI: Quote, Profile, Research, Stock Buzz) and to pay 7.15 euros a share for the company’s outstanding stock, in a co-ownership deal combining its stake with that of Austrian state holding company OIAG.