MEXICO CITY (Reuters) -Mexico’s Grupo Financiero Banorte expects to grow its profitability in 2023, it said on Thursday, after reporting a 28% year-on-year increase in fourth-quarter net income.[...]
Read more
Central America
Mexican president defends bid to move cargo from longstanding hub to new airport
By Kylie Madry MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador defended his plan to move all cargo flights from the capital’s principal airport to a new site on the o[...]
Read more
Amazon to lay off staff in U.S., Canada and Costa Rica by end of day
(Reuters) -Amazon.com Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce giant said in a memo to[...]
Read more
Mexico’s Pemex destroyed resources worth $342 million from two top fields
By Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of it[...]
Read more
Banxico nominee Mejia pledges independence at congressional hearing
MEXICO CITY (Reuters) – A nominee of the Mexican government to join the Bank of Mexico’s governing board, Omar Mejia, backed the central bank’s monetary tightening policies on Tuesda[...]
Read more
Workers at embattled Mexican airline Aeromar hold off on strike, unions say
By Kylie Madry MEXICO CITY (Reuters) – Pilots and flight attendants of Mexican airline Aeromar will hold off on a possible strike despite being owed millions of dollars, their unions said Tuesda[...]
Read more
BMW planning major investment in Mexico, minister says
MEXICO CITY (Reuters) – German carmaker BMW is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister Ma[...]
Read more
Investors snap up record $39 billion emerging market sovereign bond splurge
By Jorgelina do Rosario LONDON (Reuters) – Developing countries have sold a huge $39 billion of international bonds since the start of the year, with investors happy to pile into riskier debt as[...]
Read more
Volkswagen announces changes to Mexico, Canada supervisory boards
FRANKFURT (Reuters) – German car company Volkswagen Group announced on Thursday promotions in its North American operations, CFO and COO Arno Antlitz posted on LinkedIn. Volkswagen of America Pr[...]
Read more