MEXICO CITY (Reuters) – Mexican telecom Telmex, a subsidiary of America Movil, has reached a deal with a workers’ union that proposes a 5.6% pay rise, the country’s labor ministry sa[...]
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Central America
Mexico headline inflation seen slowing for fourth consecutive month: Reuters poll
MEXICO CITY (Reuters) – Mexico’s headline inflation likely slowed for a fourth consecutive month in May, a Reuters poll on Monday showed, backing views that the central bank will hold its[...]
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Brazil poultry lobby sees little risk of nationwide export ban over bird flu
By Ana Mano SAO PAULO (Reuters) – Revised trade accords with most of Brazil’s trade partners, including China, make it unlikely the world’s largest chicken supplier will impose a nat[...]
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Walmart reiterates goal of doubling international gross merchandise in 5 years
By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to $200 billion in five years, a top exec[...]
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Citigroup CEO says Mexico IPO is best for shareholders, other sales going well
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc CEO Jane Fraser said scrapping the sale of its Mexican retail business, known as Banamex, and pursuing an initial public off[...]
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Mexico accepts U.S. trade request to review labor rights at Goodyear plant
MEXICO CITY (Reuters) – Mexico has accepted a request from the United States to review an alleged denial of collective labor rights at U.S. tiremaker Goodyear’s plant in the central state[...]
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LatAm property tech unicorn Tuhabi lands $50 million credit line from development bank
By Kylie Madry MEXICO CITY (Reuters) – Latin American property technology startup Tuhabi is set to receive a $50 million credit line from the Inter-American Development Bank’s (IDB) financ[...]
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US asks Mexico to review alleged denial of workers’ rights at Draxton facility
By Kanishka Singh WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a Draxton facility in the Mexican city of Irapuato were being denied the rights to freedo[...]
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Exclusive-Mexico mulls benefits of Banamex purchase, eyes synergies with state bank
By Anthony Esposito MEXICO CITY (Reuters) – Mexico is evaluating whether buying Citigroup Inc’s Mexican consumer unit would help boost financial inclusion, potentially in combination with[...]
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