Mexico is currently aiming to increase its fuel imports in order to attract investment as well as to bring down the fuel prices for buyers. This energy reform activity will boost the competition among private oil firms in Mexico.
Enrique Pena Nieto
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BlackRock Inc (BLK.N), the world's largest asset manager, has agreed to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto.
Toyota Motor Corp said on Wednesday it will build new factories in Mexico and China, ending a self-imposed expansion freeze and putting more pressure on global rivals.
Toyota Motor Corp (7203.T), the world's biggest automaker, will spend $1 billion to build a car factory in Mexico and plans to announce the investment on Wednesday, two sources with direct knowledge of the matter said.
Pemex is set to launch its first-ever sales of gasoline mixed with cleaner-burning ethanol to reduce greenhouse gas emissions, the Mexican state-run oil company said on Thursday.
German carmaker Volkswagen will invest about $1 billion to expand its vehicle assembly plant in Mexico's Puebla state and prepare it for production of the new Tiguan compact crossover SUV, the company said on Monday.
German carmaker Volkswagen (VOWG_p.DE) will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.
The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.
Mexico's finance minister bought a home from a government contractor who is at the center of a conflict-of-interest scandal embroiling President Enrique Pena Nieto and his administration, the Wall Street Journal reported on Thursday.
President Enrique Pena Nieto on Friday presented a bill to Mexico's lower house that represents the first step towards a possible increase in the country's low minimum wage.
China expressed surprise on Sunday at Mexico's decision to revoke a $3.75 billion high-speed rail contract from a China-led consortium, saying the Chinese company involved had strictly followed the bidding procedure.
Mexico has revoked a $3.75 billion high-speed rail contract from a China-led consortium after its uncontested bid prompted an outcry from lawmakers, souring a state visit to Beijing next week by President Enrique Peña Nieto.
Renowned British architect Norman Foster and a son-in-law of Mexican tycoon Carlos Slim have won a design contract for a new $9.15 billion airport for Mexico City, a source familiar with the decision said on Tuesday.
Mexico-based state oil company Pemex will shell out $475 million to acquire and revamp a Veracruz-based fertilizer production plant in a deal that would allow the firm to supply 75% of Mexico's demand for urea.