By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries[...]
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Central America
Mexico’s Femsa to sell stake in Jetro for $1.4 billion
MEXICO CITY (Reuters) -Mexican retail and bottling giant Femsa said Wednesday it had reached a “definitive” agreement to sell its stake in Jetro Restaurant Depot for $1.4 billion, furtheri[...]
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Mexico president eyes ‘half’ of Citi unit amid IPO plan
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans[...]
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Mexican economy grew for sixth consecutive quarter in Q1
(Reuters) – Mexico’s economy grew for the sixth quarter in a row in the first quarter, data from Latin America’s second-largest economy showed on Friday, with growth in line with mar[...]
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HSBC puts global footprint under fresh scrutiny, considers dozen exits
By Lawrence White LONDON (Reuters) -HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Fi[...]
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Exclusive: Fast-fashion giant Shein plans Mexico factory – sources
By Krystal Hu and Arriana McLymore (Reuters) – Online fashion giant Shein is exploring plans to build a factory in Mexico as one of its manufacturing hubs outside China, sources familiar with th[...]
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Citigroup scraps Mexico unit sale, will pursue IPO instead
By Tatiana Bautzer, Saeed Azhar and Isabel Woodford NEW YORK/LONDON (Reuters) – Citigroup Inc scrapped a $7-billion sale of its Mexican consumer unit and will list it instead, in a surprise move[...]
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Mexico president says does not rule out buying part of Citi unit Banamex
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Wednesday he does not rule out the possibility of the government stepping in to buy a part of U.S. bank Citigroup[...]
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Mexico government open to buying Citigroup’s Banamex
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador’s administration is studying the possibility of buying a majority of shares in Citigroup’s local retail unit kno[...]
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