Reuters - China's largest energy company CNPC will compete for future oil and gas development rights in Mexico, a top company executive said on Thursday, which could happen as soon as the end of this year.
Zacks - In an effort to expand its presence in Mexico, Western Union has launched global money-transfer services in collaboration with Farmacias Guadalajara, a Mexican drugstore chain with 1,100 drugstores and retail locations spread across Mexico.
Reuters - Mexico's Senate on Thursday agreed to set up a special commission to investigate Oceanografia, the oil-services company at the center of an alleged fraud that forced Citigroup Inc to trim its 2013 profit.
Economic Times - Major Indian drug producer Lupin has acquired Mexico's Laboratorios Grin, a leading player in ophthalmic products, for an undisclosed amount, marking its foray into the Latin American country.
Bloomberg - Volumes of Sprite, Coke and other beverages might fall as much as 7 percent this year at Coca-Cola Femsa, according to the company, which is passing the levy on to consumers with price increases. Arca Continental projects a decline of about 6 percent.
Reuters - Mexico's opposition said on Tuesday a government telecom bill undermines a new watchdog by keeping key regulatory powers in the executive's hands, in a spat that could stall the passage of rules aimed at curbing cell phone mogul Carlos Slim and fellow tycoon Emilio Azcarraga's TV group Televisa.
Reuters - Amado Yanez, chief executive of major Mexican oilfield services company Oceanografia, was held for questioning on Saturday in connection with a fraud investigation that forced Citigroup to cut its 2013 profit.
Reuters - Mexico's third-largest bank Banorte lent around $40 million to the oilfield services company at the center of an alleged fraud which forced Citigroup to cut its 2013 profit, said a source who added that Banorte is in the process of putting aside a provision for the loan in case of non-payment.
GTSpirit.com - Aston Martin recently entered the Mexican market through the opening of their first dealership in the country, a bold statement that shows the brand is committed to its clients and posses a strong will to have a share of the supercar sales in México.
Bloomberg - A service halt on a new $2 billion subway line built in partnership with billionaire Carlos Slim is making Empresas ICA Mexico's worst performing stock. ICA shares slumped 15 percent last week as more than half the stations on the capital’s Golden Line were closed after twisted rails and damaged ties were endangering passengers.