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Noe Torres

Mexico's Femsa posts jump in profits, Oxxo outlook hits shares

28 Oct 2019

MEXICO CITY Mexico's Femsa notched a 55% rise in third-quarter net profit to 7.27 billion pesos ($369 million), the bottler and retailer said on Monday, but its shares fell on growth concerns with its Oxxo convenience store chain.

In new blow to Mexico's crime fight, judge frees suspected cartel members

26 Oct 2019

MEXICO CITY Twenty-seven of 31 suspected cartel members arrested this week in a Mexico City raid were freed by a judge, President Andres Manuel Lopez Obrador said on Friday, marking his government's second high-profile failure to keep suspected criminals locked up in as many weeks.

Top Mexican broadcasters feel the pinch from fewer government ads

25 Oct 2019

MEXICO CITY Revenue from government-sponsored publicity campaigns in Mexico has continued slide for the country's top two television broadcasters, part of President Andres Manuel Lopez Obrador's austerity push.

Making do with less: Mexican media bruised by president's austerity

23 Oct 2019

MEXICO CITY Mexican President Andres Manuel Lopez Obrador took office in December promising to reduce public spending to free up more resources for the poor. But his austerity drive has left media outlets reeling, and raised questions about whether Lopez Obrador is trying to influence coverage.

Trump election rhetoric could send Mexican peso down almost 9% to 21.30 per dollar -Banorte

08 Oct 2019

MEXICO CITY, Oct 8 The Mexican peso could fall almost 9% to 21.30 per dollar next year if U.S. President Donald Trump again threatens the country during his re-election campaign, Mexican financial group Banorte said on Tuesday.

Core inflation a stiff 'challenge' in Mexico -central bank governor

16 Aug 2019

MEXICO CITY Reducing Mexico's stubborn core inflation, running at 3.8 percent, is a challenge for the central bank, its governor told Reuters on Thursday, after it cut its key lending rate for the first time since June 2014.

Core inflation a stiff 'challenge' in Mexico as economy faces growing risks

16 Aug 2019

MEXICO CITY Reducing Mexico's stubborn core inflation, running at 3.8 percent, is a challenge for the central bank, its governor told Reuters on Thursday, after it cut its key lending rate for the first time since June 2014.

UPDATE 1-Core inflation a stiff 'challenge' in Mexico as economy faces growing risks

16 Aug 2019

MEXICO CITY, Aug 15 Reducing Mexico's stubborn core inflation, running at 3.8 percent, is a challenge for the central bank, its governor told Reuters on Thursday, after it cut its key lending rate for the first time since June 2014.

Top Mexican companies' results take hit from Nicaragua crisis

31 Jul 2019

MEXICO CITY/MANAGUA Some of Mexico's largest companies operating in Nicaragua are counting the costs of a political crisis engulfing the Central American country since violent protests against President Daniel Ortega erupted in April last year.

Rights groups question Mexican migration crackdown after woman's death

20 Jun 2019

MEXICO CITY Rights groups on Wednesday raised concerns over Mexico's use of security forces to curb illegal migration after prosecutors said they were investigating the death of a young woman in an alleged shooting of Salvadoran migrants by police last week.

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