By Anthony Esposito MEXICO CITY (Reuters) – Fitch Ratings on Friday affirmed Mexico’s long-term local-currency and foreign-currency issuer default rating (IDR) at ‘BBB-‘, with[...]
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Central America
Japanese electric motor maker Nidec to build $715 million Mexican plant
TOKYO (Reuters) -Japanese electric motor maker Nidec Corp is planning to invest about $715 million to build a plant in Mexico to make electric car motors, its chief executive said in an interview with[...]
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Tumbling bitcoin overshadows El Salvador’s crypto conference
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador’s long-awaited bitcoin conference, which was in the limelight in 2021 after the small nation became the world’s first to adopt[...]
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Exclusive-Mexico’s Pemex risks fines rather than fix violations -sources
By Stefanie Eschenbacher and Ana Isabel Martinez MEXICO CITY (Reuters) – Under pressure to increase production, Mexico’s state oil company Pemex has risked fines for violations that cause[...]
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Mexico keeps IMF credit line, to maintain access to around $47 billion
MEXICO CITY (Reuters) – The International Monetary Fund (IMF) has concluded that Mexico still meets the eligibility criteria for a flexible credit line, the Mexican central bank said on Thursday[...]
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Meta’s WhatsApp makes Brazil a key test market for business messaging
By Katie Paul (Reuters) – Meta Platforms said on Thursday its WhatsApp messaging service will introduce a commercial directory and test a payments tool in Brazil, as it bets on business messagin[...]
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GM Mexico head sees country missing electric vehicle target for 2030
By Kylie Madry MONTERREY, Mexico (Reuters) – General Motors’ Mexico head Francisco Garza foresees just 15% of the vehicles produced in the country in 2030 as being electric, missing the go[...]
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Credito Real in talks with bondholders as bankruptcy ruling looms
MEXICO CITY (Reuters) – Troubled Mexican non-bank lender Credito Real is in talks with foreign bondholders, prompting creditors to delay their request for an involuntary U.S. bankruptcy hearing,[...]
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Mexico to urge U.S., Canada firms to participate in lithium market
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Tuesday his administration will issue a call for U.S. and Canadian companies to participate in the country’s i[...]
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