Mexico City

Mexico's unemployment rate rises to 4.8 percent

Mexico's unemployment rate rises to 4.8 percentMexico City, April 23 - Unemployment rate in Mexico rose to 4.8 percent in March, the National Institute of Statistics and Geography (INEGI), said Tuesday.

The unemployment rate stood at 4.51 percent in March 2013, the INEGI said. The unemployment rate last month was 5.25 percent, without adjusting for seasonal factors, well above the 4.81 percent rate registered in the previous month.

General Motors to invest $691 mn in Mexican plants

General Motors to invest $691 mn in Mexican plantsMexico City, June 28 - The Mexican unit of US automaker General Motors said it planned to invest $691 million to expand its operations in Guanajuato, San Luis Potosi and Mexico states.

Mexican firm signs ship, tech deals with Chinese companies

PemexMexico City, June 6 : State-owned Petroleos Mexicanos, or Pemex, signed two agreements with Chinese firms covering ships, equipment and technology for Mexico's oil industry.

Pemex CEO Emilio Lozoya signed the agreements Tuesday during Chinese President Xi Jinping's visit to Mexico, the state-owned oil giant said in a statement.

Under the terms of the first agreement, state-owned Export-Import Bank of China will provide a $1 billion line of credit "for the acquisition of ships and equipment for offshore maritime activities", Pemex said.

Nissan gears up to begin selling Mexican-made Note

Nissan gears up to begin selling Mexican-made NoteMexico City, June 6 - Japanese automaker Nissan said it would begin selling its Note model, which is being made in Mexico, in the middle of this month, targeting the US and Canadian markets.

The Note, a mini MPV launched in 2004, was being made at the plants in Kyushu, Japan, and Sunderland, England.

The automaker began manufacturing the model last month at its plant in Aguascalientes, a state in central Mexico.

Honda to build plant in Mexico

Honda to build plant in MexicoMexico City, May 4 - The Mexican unit of Japanese auto giant the Honda Motor Co. announced plans to invest $470 million in the construction of a transmission plant in Celaya, in the central state of Guanajuato.

The president of Honda Mexico, Isamu Yamaki, and Tetsuo Iwaumura, COO of Honda North American regional operations, made an announcement before Mexico's secretary of the economy, Ildefonso Guajardo, that the new plant joins the others that the company has in this country, the company said in a communique.

Mexico to spend $366 mn on 2014 Central American Games

Dionisio-Perez-JacomeMexico City, April 19 :  Mexico will spend some 4.5 billion Mexican pesos ($366 million) in organising the 24th Central American and Caribbean Games Veracruz 2014, the organising committee announced.

Dionisio Perez Jacome, director of the organising committee, said at a press conference in Mexico City Thursday this amount is mainly for improving sports infrastructure, reshuffling installations, reports Xinhua.

Latin America condemns Boston bombings

Boston-bombingsMexico City, April 17 : Latin American countries joined the international community in condemning Monday's twin bombings of the Boston Marathon.

Argentina's foreign ministry issued a statement Tuesday "firmly" condemning the attacks, reports Xinhua.

"Violence against innocent people participating in a sporting event that celebrates fraternity between human beings underscores even more the cowardice of the intellectual authors of the bombings. We convey our solidarity to the people and government of the United States, and to the families of the victims," the ministry said.

Alsea acquires Starbucks coffee business in Mexico

Alsea acquires Starbucks coffee business in MexicoMexico City, April 3 : Mexican restaurant operator Alsea said it acquired the remaining 18 percent of Cafe Sirena, a company created in 2002 to operate Starbucks coffee shops in Mexico, from US-based Starbucks Coffee International, giving it sole ownership of the Starbucks coffee business in Mexico.

"This operation is a vote of confidence by Starbucks, as it is giving us the mission of continuing to develop the brand in Mexico," Alsea CEO Fabian Gosselin said in a statement.

Nine die in Mexico fireworks blast

Nine die in Mexico fireworks blastMexico City, March 16 - Nine people were killed Friday when a vehicle carrying fireworks exploded during a religious festival in the central Mexican state of Tlaxcala, authorities said.

An undetermined number of people injured in the blast were taken to hospitals in Tlaxcala and the neighbouring state of Puebla.

Mexico decrees health emergency for avian flu

Mexico decrees health emergency for avian fluMexico City, Feb 18 - Mexican authorities decreed a health emergency due to an outbreak of avian flu in the central state of Guanajuato, where some 582,000 domestic fowl exposed to the virus could be slaughtered to eradicate it, officials said.

The agriculture secretariat said in a communique that technicians of the National Food Health, Safety and Quality Service, or Senasica, confirmed "the presence of the H7 avian flu virus on seven farms of the Bachoco company in Guanajuato".

Eurocopter to invest up to $550 mn in Mexico

Eurocopter to invest up to $550 mn in MexicoMexico City, Feb 15 : Eurocopter plans to invest up to $550 million in Mexico over the next few years, the European aviation company's president and CEO, Lutz Bertling, said.

"Our company is ready to continue investing. We see maximum potential investment of approximately $550 million," Bertling said during the inauguration of a plant in the central Mexican state of Queretaro.

Mexican President Enrique Pena Nieto attended the ceremony Wednesday at the industrial facility in Colon, a city in Queretaro.

Gandhi's death anniversary marked in Mexico

GandhiMexico City, Feb 2 : Friends of India in Mexico, schoolchildren gathered at a monument here to mark the 65th death anniversary of Mahatama Gandhi as the strains of his favourite hymn "Raghupati Raghava Raja Ram", played on the sitar, filled the air.

The Embassy of India in collaboration with Ora World Mandala, an India-Mexico NGO which strives to promote the Gandhian value of ahimsa or non-violence, through art, organised a solemn function at the Gandhi monument in Chapultepec in Mexico City, said an official statement Saturday.

Ambassador Sujan R. Chinoy placed a wreath at the monument.

Death toll in Mexico City blast rises to 25

Mexico-City-blastMexico City, Feb 1 : The death toll of an explosion rocking the headquarters of Petroleos Mexicanos (Pemex) in the capital has risen to 25, Mexican Interior Minister Miguel Angel Osorio Chong said late Thursday.

Seventeen women and eight men were among the dead, Osorio Chong told a press conference, adding that the blast also left 101 others injured.

Pemex said about 3,500 people were evacuated from the damaged building after the explosion occurred at around 3:55 p. m. (2155 GMT) in the 211-meter Pemex Tower in downtown Mexico City.

The exact cause of the accident still remained unknown. (ANI)

Mexican oil giant sells $327 mn in bonds

Mexican oil giant sells $327 mn in bondsMexico City, March 14 - State-owned oil giant Petroleos Mexicanos said
it sold 300 million Swiss francs ($327 million) worth of bonds on the
international market.

The seven-year bonds, which carry a 2.5 percent coupon, were sold in Switzerland to institutional investors and private banks.

The proceeds from the bond issue will be used to cover investment and debt refinancings, Pemex said in a statement.

Pemex had total debt of $55.95 billion at the end of 2011, with 85.9 percent in long-term bonds.

Mexican oil firm ends 2011 with net loss of $6.5 bn

Mexican oil firm ends 2011 with net loss of $6.5 bnMexico City, March 1 - State oil monopoly Petroleos Mexicanos, Mexico's largest company, said it posted a net loss of $6.5 billion in 2011, a 103 percent increase over 2010.

Pemex said the loss was due in large part to a "significant" fluctuation in the exchange rate, which ended 2011 at nearly 14 pesos to the dollar, and higher tax payments.

Aiming to reduce pollution Mexico City launches bicycles lending programme

Aiming to reduce pollution Mexico City launches bicycles lending programmeTo promote more environment-friendly modes of transport and to reduce car traffic and air pollution a bicycle-lending programme, known as Ecobici, has been launched in Mexican capital.

Mexico's capital is home to nearly 19 million people and more than 5 million vehicles and Mexico City is one of the most congested and polluted cities in the world.

Mexico City is surrounded by smog and generates 9.1 percent of the country's carbon dioxide emissions though air pollution has been reduced from the levels registered in the 1990s.

Mexico to monitor probe into shooting of its migrant

Mexico to monitor probe into shooting of its migrantMexico City, Jan 7 : Mexico has expressed "profound concern" over the death of its undocumented migrant who was shot by a US Border Patrol agent and said it will closely monitor the investigation into the incident.

The Mexican foreign ministry said Wednesday that it will closely follow the investigation into the shooting of Jorge Alfredo Solis Palma near Arizona.

The Jan 4 death of Solis is cause for "profound concern," the ministry said in a statement.

Remittances to Mexico fell 14 percent in November

Remittances to Mexico fell 14 percent in NovemberMexico City, Jan 5 - Mexican emigrants sent home just less than $1.5 billion in November, down 14.43 percent from the same month in 2008 and the lowest monthly total since March 2005, the Mexican central bank said.

Of that total, $1.45 billion was sent via electronic transfers, $25.61 million in money orders and $20.82 million in cash, the Banco de Mexico said Monday.

The size of the average remittance in November, $297.28, reflected a 10.65 percent decline from November 2008.

Mexican man arrested 600 times in 10 years

Mexican man arrested 600 times in 10 yearsMexico City, Dec 31 - A 56-year-old man from the northern Mexican city of Matamoros has been arrested 600 times in 10 years for misdemeanours, such as roaming around drunk or disturbing the public order, the daily Reforma reported Wednesday.

Since 2000, the man who sells sweets for a living, has been taken to the municipal prison at least once a week, sometimes at his own request.

"Sometimes we find him really drunk in the Capilla neighbourhood, and we take him in so that he is not run over, or he himself asks us to arrest him," one police officer was quoted as saying.

Small plane crash in Mexico kills four

Small plane crash in Mexico kills fourMexico City, Dec 30 :Four people were killed when the small plane in which they were travelling crashed in western Mexico, officials said.

The accident took place in the town of Jilotlan de los Dolores in Jalisco state Monday. The plane crashed on a ranch.(IANS)

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