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Sharay Angulo

Surprise rate cut in Mexico 'no use' for growth in short term

16 Aug 2019

MEXICO CITY The Mexican central bank's surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say.

Mexican former minister detained, deepening president's anti-graft quest

13 Aug 2019

MEXICO CITY A judge ordered a former Mexican Cabinet minister to be detained pending a trial over suspected losses to taxpayers, her lawyer said on Tuesday, opening a new front in President Andres Manuel Lopez Obrador's campaign to eradicate corruption.

Mexico's dependence on U.S. demand spells trouble for weak economy

01 Aug 2019

MEXICO CITY Under the threat of U.S. trade tariffs, Mexico's president has pledged to make his country less reliant on U.S. demand. But exports to its northern neighbor have been one of the few things driving Latin America's second-largest economy this year.

Last Volkswagen Beetle drives into the sunset

11 Jul 2019

PUEBLA, Mexico Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes towards SUVs. | Video

Top Mexico business lobby seeks to lift private sector investment

14 Jun 2019

MEXICO CITY An influential Mexican business lobby on Thursday said it is aiming to increase private investment in the next two years to 20% of gross domestic product, up from 17.5%, signaling a shift towards better collaboration with the leftist president.

UPDATE 1-Mexico must boost Pemex creditworthiness -central bank chief

12 Jun 2019

MEXICO CITY, June 12 Mexico should reinforce Pemex's creditworthiness after recent downgrades given the state oil company's importance for the economy, public finances and the financial system, Central Bank Governor Alejandro Diaz de Leon said on Wednesday.

Mexico central bank chief flags concern over ratings setbacks

11 Jun 2019

MEXICO CITY Mexico's government must address concerns flagged by rating agencies over the sustainability of the country's finances following debt downgrades last week, Mexican Central Bank Governor Alejandro Diaz de Leon said on Tuesday.

BMW sells cars globally despite tariffs, no reason to change Mexico plans - board member

07 Jun 2019

SAN LUIS POTOSI, Mexico BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. | Video

BMW sells cars globally despite tariffs, no reason to change Mexico plans: board member

07 Jun 2019

SAN LUIS POTOSI, Mexico BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. | Video

BMW sells cars globally despite tariffs, no reason to change Mexico plans - executive

06 Jun 2019

SAN LUIS POTOSI, Mexico, June 6 BMW sells cars around the world even though most countries impose tariffs on imported vehicles, a board member of the German carmaker said on Thursday, in the wake of threats by U.S. President Donald Trump to slap duties on imports from Mexico.

World News

EU rebuffs Johnson's Brexit gambit

The European Union on Tuesday rebuffed Prime Minister Boris Johnson's demand that it reopen the Brexit divorce deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.