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Daina Beth Solomon

U.S. dream pulls African migrants in record numbers across Latin America

05 Jul 2019

TAPACHULA, Mexico Marilyne Tatang, 23, crossed nine borders in two months to reach Mexico from the West African nation of Cameroon, fleeing political violence after police torched her house, she said.

Walmart in Mexico launches grocery orders via WhatsApp

24 Jun 2019

MEXICO CITY Walmart's Mexico unit has begun offering grocery delivery from its Superama stores via messaging service WhatsApp, the retailer said on Monday, in a new stab at attracting shoppers outside bricks-and-mortar supermarkets.

Mexico plans cutbacks to president's flagship 'Mayan Train' project

18 Jun 2019

MEXICO CITY Mexico will shorten the 1,525-km (948-mile) route for a proposed "Mayan Train" designed to link tourist hot spots and spur development on the Yucatan Peninsula, an official said on Tuesday, in a move aimed at saving about $287 million (228.5 million pounds) in costs.

Exclusive: Mexico blamed Walmart's size, access to rivals' data in blocking app deal

15 Jun 2019

MEXICO CITY Mexican officials blocked Walmart Inc's deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.

Pemex bonds tank after Fitch 'junk' rating, Mexico slams downgrade

07 Jun 2019

MEXICO CITY The bonds of Mexican state oil company Pemex took a beating on Friday as investors fretted over chances that Moody's ratings agency could soon follow Fitch in downgrading the debt to "junk," which would trigger a forced sell-off.

Ikea plans to open first Mexico store in 2020

23 May 2019

MEXICO CITY IKEA, the world's largest furniture seller, will open its first store in Mexico next year and plans to launch other stores around the country, the company said on Wednesday, as it expands in Latin America to counter growing competition in its core U.S. and European markets.

Ikea says it will open first Mexico store in 2020

23 May 2019

MEXICO CITY, May 22 IKEA, the world's largest furniture retailer, will open its first store in Mexico in the fall of 2020, the company said on Wednesday, as the furniture retailer expands in Latin America to counter growing competition in its core U.S. and European markets.

Colony Capital's LatAm arm plans $5 billion investment, targeting Mexico

22 May 2019

MEXICO CITY Private equity firm Colony Latam Partners, part of Los Angeles-based investment group Colony Capital Inc, will invest up to $5 billion in Mexico, Chile, Colombia and Peru over the next several years, executives said on Wednesday.

Mexico to auction Lamborghini, other seized assets to help poor

21 May 2019

MEXICO CITY Mexico's government will auction a Lamborghini, homes and other assets seized from gangsters and at least one former politician, officials said on Tuesday, part of a "Robin Hood" programme to use millions of dollars in ill-gotten gains to aid the poor.

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.

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