City Mexico Financial News

15.02 / 18:35

COST Citi Platform Election Solomonic President Mexican mining sector balks at plan to ban open-pit mines

By Daina Beth Solomon and Divya Rajagopal

14.02 / 19:41

markets UPS Citi Platform country cover Mexican regulators tell Amazon to wall off Prime TV, reveal its algorithms and open up delivery

Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and wall off TV streaming to avoid stifling competition

13.02 / 18:05

markets Citi Provident economy Latin reports recommendations Amazon, Mercado Libre may threaten e-commerce competition, Mexican regulator says

MEXICO CITY (Reuters) — Mexican antitrust regulator Cofece on Tuesday said it had identified «possible barriers» to competition in the e-commerce market, with Amazon (NASDAQ:AMZN) and Mercado Libre together controlling more than 85% of transactions and sales.

13.02 / 01:47

Citi Provident Waters CEO Discover rights stake Mexican tycoon Slim cites interest in more oil investments, growing stake in Talos

By Valentine Hilaire

11.02 / 06:31

UPS Citi Waters Sustainability Food blues bowling As Super Bowl approaches, game-time guacamole affected by fewer avocado shipments from Mexico

As the Super Bowl approaches, there could be problems for guacamole, a favorite game-time food in America

09.02 / 20:53

markets UPS IPO economy Pool Food Mexico's BBB Foods valued at $2.2 billion after shares jump 11.4% on New York debut

(Reuters) -Shares of Mexico's BBB Foods rose 11.4% on their debut on the New York Stock Exchange (NYSE) on Friday, giving the discount grocery retailer a valuation of $2.2 billion.

27.01 / 09:20

Citi Action Immunic President country Department International U.S. scraps Delta-Aeromexico codeshare after Mexico airport changes

By Kylie Madry

27.01 / 04:15

Citi Man Waters Airlines Photos reports International Support Other passengers support man who opened emergency exit and walked on plane's wing in Mexico airport

At first it sounds like a typical case of bad behavior aboard airplanes

18.01 / 00:34

COST UPS Citi Digital country reports Mexico's Banorte sees 2024 revenues rising around 10% after Q4 profit jump

MEXICO CITY (Reuters) -Mexico's Grupo Financiero Banorte reported on Wednesday a 13% increase in its net profit for the final three months of last year, driven by loan growth and lower costs, and predicted its revenue would grow around 10% in 2024.

15.01 / 13:26

Citi economy President reports Mexico sent 25,000 troops to Acapulco after Hurricane Otis. But it hasn't stopped the violence

The Mexican government has sent 25,000 troops to Acapulco after the resort was hit by Hurricane Otis on Oct. 25

23.12 / 22:02

Citi Gap Southern Eagle President country Mexico to boost measures aimed at curbing migration to US

MEXICO CITY (Reuters) — Mexican President Andres Manuel Lopez Obrador said on Friday his government will reinforce measures to contain migration as he seeks to help the United States cope with record numbers of people trying to reach the U.S. border.

22.12 / 20:02

Citi economy country Department Mexico to probe alleged labor abuses at Fujikura auto parts plant

MEXICO CITY (Reuters) — Mexico will review whether workers at a Fujikura auto parts plant in the northern border city of Piedras Negras were denied the right to choose their union after a U.S. request under a trilateral trade agreement, authorities said on Friday.

19.12 / 04:10

Citi FIVE Yellow Corning country consequences Mexican poultry farmers warn US-Mexico rail bridges closure will impact trade

MEXICO CITY (Reuters) — Mexican poultry farmers warned of consequences to international trade on Monday and called on their government to intervene after the U.S. closed two rail bridges in Texas to stem a surge in migration.

15.12 / 11:01

Citi Provident Digital Gap economy President Latin Centre LTIMindtree opens Mexico City delivery centre

LTIMindtree has opened a new delivery centre in Mexico City to expand its presence in Latin America, the company said on Friday. The centre will enable workforce transformation and localisation for LTIMindtree in the Americas and was inaugurated on Thursday. It will support the company’s capabilities in the region, bringing LTIMindtree’s services closer to its customers in the SAP and digital engineering service lines. As the LATAM delivery & operations head, Anurag Tripathi, associate vice president of LTIMindtree will lead the Mexico City delivery centre with a focus on future growth and delivering high-quality results for customers.

15.12 / 01:19

Citi Reuters Progressive Citigroup country 2024 Citi's Mexico unit set to split off by late 2024 -local media

MEXICO CITY (Reuters) — Citigroup's Mexico retail unit, known as Banamex, is set to split off from its parent by the second half of 2024, the lender's Mexico head Manuel Romo told local media on Thursday.

08.12 / 03:45

Citi President information reports Earthquake today: 5.8 magnitude quake jolts Mexico | Watch video

earthquake is calculated at 6 degrees. Epicenter is located on the border of Puebla and Guerrero.

07.12 / 22:18

Citi President country information reports Department prevention New US-Mexico agreement to monitor foreign investments comes as more Chinese money flows into Mexico

The United States and Mexico have agreed to monitor foreign investments and regularly share information about the screening process

04.12 / 08:40

Citi President Latin reports Mexico's minimum wage will rise by 20% next year, to about $14.25 per day

Mexico's president says its minimum wage will rise by 20% in 2024, to the equivalent of about $14.25 per day

28.11 / 08:19

Citi Progressive Waters Extreme Manufacturing economy country How did humans get to the brink of crashing climate?

Earth's climate is in trouble, and the signs could be seen around the world this summer

24.11 / 17:43

Provident Southern President prevention Mexico president says Danish fund to invest $10 billion in Mexico to produce green hydrogen

MEXICO CITY/COPENHAGEN (Reuters) — A Danish fund will invest $10 billion in a development hub in southern Mexico to produce green hydrogen for ships and to replace fossil fuel use, Mexican President Andres Manuel Lopez Obrador said on Friday.

23.11 / 18:47

Citi Reuters economy President country reports Mexico's America Movil denies report it's eyeing Argentine telecoms firm Arsat

MEXICO CITY (Reuters) — America Movil (NYSE:AMX), the Mexican telecommunications company controlled by billionaire Carlos Slim, on Thursday denied a report it is in talks with Argentine President-elect Javier Milei's team to buy Argentina's state telecoms company Arsat.

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