United Kingdom

Daina Beth Solomon

Brazil fintech Nubank opens Mexico office as it seeks Latam expansion

07 May 2019

SAO PAULO/MEXICO CITY Brazilian fintech firm Nubank will open an office in Mexico on Tuesday, an initial step in a potential expansion into other Latin American countries, a company executive said.

Japan's SoftBank taps into Mexican fintech startup Clip: sources

06 May 2019

MEXICO CITY/SAN FRANCISCO Japan's SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.

UPDATE 1-Mexico inflation rises in March on higher gasoline prices

09 Apr 2019

MEXICO CITY, April 9 Mexico's annual inflation ticked up slightly in March, the statistics institute said on Tuesday, spurred by a jump in gasoline prices that has raised red flags with the government.

Exclusive: Mexico's Walmart pressures suppliers on pricing, forcing some to ditch Amazon

08 Apr 2019

MEXICO CITY Walmart's Mexico unit has penalized food companies supplying groceries to rival Amazon, pressure that has forced some to pull their products from the world's largest online retailer, four people familiar with the matter said. | Video

U.S. aid helped Guatemalan farmers stay rooted to their lands

05 Apr 2019

SANTA MARIA CHIQUIMULA, Guatemala After a U.S.-funded programme gave Guatemalan farmer Rigoberto Leon and his neighbours tools to plant new crops like tomatoes and chile peppers, many of them stayed to live off their drought-prone lands even as droves of villagers left for the United States. | Video

IKEA ramps up Mexico launch plans, targets capital and major cities

19 Mar 2019

MEXICO CITY IKEA is scouting Mexico's biggest cities for its first store locations in the country, the furniture retailer said, as it expands in Latin America to battle growing competition in its core U.S. and European markets.

Walmart Mexico and union agree on wage hikes, avert strike

14 Mar 2019

MEXICO CITY Walmart de Mexico, Mexico's biggest retailer, has reached a deal with a union to raise worker salaries, both groups said on Thursday, heading off a possible strike and offering reassurance to businesses in the early months of a new government.

UPDATE 1-Femsa's Mexican Oxxo stores feel squeeze from cost of taking cash

28 Feb 2019

MEXICO CITY, Feb 28 Mexico's ubiquitous Oxxo stores, run by conglomerate Femsa, are grappling to control the escalating cost of accepting cash from the millions of Mexicans without bank accounts who rely on the chain for basic financial services, Femsa said on Thursday.

Profit at Mexico's Femsa jumps almost six-fold in fourth-quarter

27 Feb 2019

MEXICO CITY Mexican bottler and retailer Fomento Economico Mexicano reported an almost six-fold jump in fourth-quarter net profit on Wednesday, driven by more shopping at its vast Oxxo convenience store chain and growth in its fuel division.

Group of Walmart Mexico workers threatens strike for higher pay

26 Feb 2019

MEXICO CITY A union representing workers at Walmart Inc's Mexico unit said on Monday it would go on strike next month if it did not secure better pay and conditions for thousands of employees.

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