Central America

The Mexican government is planning to invest $22,4 billion in new electricity generation capacity before the end of this administration, which will be 2030. This investment will come from the state-owned CFE. According to data collected by the government in 2023, the country's power sector has a total installed capacity of 95 GW. The majority of Mexico's power is generated by burning fuel oil and natural gas. According to a CFE Presentation, the government's expansion plan for 2030 is divided into 51 projects. However, half of these are generation projects initiated by the former government. The CFE's newly appointed director,...

Tuesday, oil prices fell after U.S. president Donald Trump agreed not to impose steep tariffs against Mexico and Canada, two of the United States' largest foreign oil suppliers, for one month. Brent futures dropped 41 cents or 0.5% to $75.55 per barrel at 1:49 GMT. U.S. West Texas Intermediate crude fell 75 cents or 1% to trade at $72.41. Justin Trudeau, the Canadian prime minister, and Claudia Sheinbaum, president of Mexico's government said that they agreed to increase border enforcement in response to Trump’s demands to crackdown on illegal immigration and drug trafficking. This would stop for 30 days the...

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Headlines EU opens the door to UK, Norway and a 'coalition' of willing defence forces Vitol: Oil demand will remain unchanged until at least 2040 EU will'respond strongly' if Trump imposes Tariffs - UK to unveil 100 mln pounds development finance drive View the full article The European Union (EU), governments are looking at ways to include Britain, Norway and other neutral capitals in a "coalition" that will expand the continent's defenses. According to...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

Donald Trump, the U.S. president, said that he expected his administration to implement tariffs on oil and gas by February 18th. It could also reduce the planned tax on some Canadian crude. Refiners in the Midwest of the United States process about 70% of this oil imported by the U.S. Analysts and companies have warned that a tariff on oil imports may lead to a decrease in fuel production at these facilities, and increase costs for consumers. Trump didn't specify a country that would be affected by the new tariffs or give any further details. Trump told reporters at the...

Donald Trump, the U.S. president, said on Thursday that he will decide soon whether or not to exempt Canadian and Mexican oil from the 25% tariffs he had promised to impose Saturday on their products. "We might or might not." Trump stated that he will make a decision about imposing tariffs on Canadian or Mexican oil "probably tonight." Trump said that the decision would be based in part on price and whether or not both countries "treat" him properly. Trump has set Saturday as the deadline for imposing 25% tariffs on imported goods from Mexico and Canada in order to...

U.S. President Donald Trump's. go back to the White House has actually been met both relief and. dissatisfaction throughout world markets as investors try to exercise. what the next four years will bring. The approach will be chaotic, unpredictable, spur of the. minute and driven by Trump himself, stated Russel Matthews,. senior portfolio manager, international macro at RBC BlueBay Asset. Management. Here's a take a look at some of the winners and losers emerging. from Trump's very first 24 hr in workplace. 1/ NAME CALLING Calling out Canada and Mexico as possible targets for. tariffs took an even more toll...

U.S. President Donald Trump's. go back to the White House has been met with both relief and. frustration across world markets as financiers try to work out. what the next four years will bring. The approach will be chaotic, unpredictable, spur of the. minute and driven by Trump himself, stated Russel Matthews,. senior portfolio supervisor, international macro at RBC BlueBay Asset. Management. Here's a look at a few of the winners and losers emerging. from Trump's very first 24 hours in office. 1/ NAME CALLING Calling out Canada and Mexico as prospective targets for. tariffs took an even more toll...

U.S. President Donald Trump said on Monday that his administration would likely stop buying oil from Venezuela and was looking extremely highly at the South American country. It was a great country twenty years ago, and now it's a mess, Trump informed press reporters in the Oval Office hours after his inauguration. We do not need to buy their oil. We have a lot of oil for ourselves. Trump's envoy for special objectives, Richard Grenell, had earlier said he consulted with multiple authorities in Venezuela and would start meetings early Tuesday, days after the outgoing Biden administration enforced brand-new sanctions...

President Donald Trump faces a difficult task providing on his Inauguration Day guarantee of a Golden Era of America in the face of a carefully split Congress, unavoidable claims and recalcitrant world leaders. After taking the oath of office, Trump outlined a series of sweeping executive orders, the first steps in enacting a. far-reaching program to broaden America's area, curb. immigration, boost fossil fuel production and roll back. ecological guidelines. Trump's allies and advisers have been preparing executive. orders and firm guidelines for months. They argue independently. and publicly they are much better prepared to enact their vision than. they...

Brazilian digital loan provider Nubank has actually signed a contract with Mexican convenience shop chain Oxxo, run by FEMSA, to broaden its cash deposit and withdrawal network in the North American nation, the firms revealed on Monday. WHY IT is essential Warren Buffett-backed Nubank, among the Latin America's. biggest firms by market price, has been aiming to scale its. operations in Mexico and Colombia after growing in Brazil, its. home market, where it has more than 100 million consumers. While Nubank's Brazil operations are nearly fully digital,. the lending institution has been utilizing different techniques to grow in. Mexico, where...

Donald Trump is anticipated to satisfy Republican U.S. senators on Wednesday, a Republican aide stated on Monday, as the president-elect advises his celebration to combine his concerns into one enormous bill. The aide included that a time and area for the conference were still to be figured out. WHY IT is essential Trump will take workplace on Jan. 20 after winning the Nov. 5 U.S. elections in which his Republican politician Party also won a narrow majority in both the Senate and the House of Representatives. Republican politicians have been weighing a complex legal technique that might enable them to...

Donald Trump, the U.S. president, said on Monday that he will announce plans to impose tariffs against other countries in the next two weeks. This is a confirmation of comments he made Sunday. In the Oval Office, the Republican President spoke with reporters as he signed proclamations that ended all exemptions from steel and aluminum tariffs imposed in his first term. He also raised duties on both metals by 25%. Trump also said that he would be looking into tariffs on automobiles, semiconductor chips, and pharmaceuticals. An official in the United States said that under former president Joe Biden, the...

Donald Trump, the president of the United States, announced on Sunday that he would impose new tariffs of 25% on all imports of steel and aluminum into the U.S. on top existing metals duties. He said that he would announce reciprocal tariffs either on Tuesday or Wednesday. On Monday, shares of steelmakers in Asia fell mainly except for those that have operations in the United States. The dollar increased and U.S. Treasury rates ticked up. What market participants say: KELVIN WOONG, SENIOR MARKET ANALYST OANDA SINGAPORE "Trade War 2.0" is a different implementation and scope from Trade War 1.0, as...

Since Donald Trump returned to office in the United States last month, he has imposed numerous tariffs on imported goods and threatened to do so more frequently. These can be broad - such as a tariff on all imported goods from abroad - or targeted at certain sectors, countries, or regions to try and get them to comply with his demands. Trump's threats changed over the years, from small levies up to those exceeding 200%. Other nations and businesses are unsure of what will happen next. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS...

The top bureaucrat at the Finance Ministry said that India did not want to send a message of protectionism, following the lowering of import duties on motorcycles with high value, in response to the tariffs imposed by U.S. president Donald Trump. Trump's comments on Sunday came just a day before he ignited a global trade war by imposing tariffs against Canada, Mexico and China. None of them were directed at India, despite the fact that Trump called it a "tariff abuser" during his campaign for president last year. In an interview conducted after the budget was unveiled, Finance Secretary Tuhin...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

In the early days this quarter's earning season, tariffs were on executives' minds as U.S. president Donald Trump threatened to hit Mexico and Canada with levies against imported goods. The tariffs will now be implemented on March 1 with an announcement made on Saturday. However, it's possible that Trump may back down on his threats or only target specific industries. This quarter, the topic of how companies are navigating this issue will be a major focus on investor events and conference calls. Nearly 200 of the S&P 1000 - a group of large, mid and small cap stocks - mentioned...

Amid a fresh wave of violence, Mexico's President Claudia Sheinbaum has sent her security chief and thousands of soldiers to stem a bloody escalation of drug cartel criminal activity in Sinaloa state, signaling a. shift in security strategy in the Latin American country. On the campaign path, Sheinbaum had actually promised to mainly. continue the security policy of her mentor and predecessor. Andres Manuel Lopez Obrador, which prioritized resolving the. root social reasons for criminal offense instead of assaulting the cartels -. a technique nicknamed hugs not bullets after a catchphrase of. the previous president. But preliminary signs from her...

More than 100,000 metric lots of copper concentrate stuck at the closed First Quantum mine in Panama do not currently position an ecological danger, Panamanian President Jose Raul Mulino stated on Thursday. The mine, one of the world's top sources of copper, was shut down in November after Panama's Supreme Court declared Canadian First Quantum's agreement with the country unconstitutional, a. move that followed environmental demonstrations. Since then, commodities markets have been seeing to see. what choice Panama's government handles whether it will allow. the export of the 130,000 tons of copper concentrate left behind. after the mine's closure. Mulino...

Newmont's Mexican department said on Wednesday it sees an openness for discussion from the Mexican federal government, in the middle of the suggested increase in mining royalties, which could potentially hinder billions of dollars in financial investments. WHY IT is necessary The suggested boost in mining royalties could obstruct more than $6.9 billion in investments over the next 2 years, according to the country's mining chamber, adding to the obstacles affecting the sector such as previous administrative decisions and possible legal reforms. Newmont, a global leader in gold mining, runs the big Penasquito open-pit cash cow in Mexico which produces...

Arbitration procedures between Canadian miner FrancoNevada and Panama over the Cobre Panama copper mine went into a brand-new phase this week with the development of a tribunal to hear the case, according to legal disclosures submitted by the parties. Financiers are awaiting Panama President Jose Raul Mulino's. decision over the future of the mine, which was closed down last. year due to public unrest. Cobre Panama is the flagship mine of. Canadian miner Very first Quantum Minerals, which is likewise. looking for damages from Panama. FrancoNevada had a streaming contract with First. Quantum to buy gold and copper from Cobre...

Heidelberg Materials has actually struck an offer to buy U.S. business Giant Cement Holding and its subsidiaries for $600 million, it said on Thursday, the current acquisition by the German company to expand its grip in the United States. The deal, to be finished in the first quarter of 2025, is expected to contribute around $60 million in incomes before interest, taxes, devaluation and amortisation (EBITDA). in the first year of operation, before significant additional. synergies, Heidelberg stated in a declaration. The acquisition ... will even more enhance our cement. footprint in the growing Southeastern U.S. and New England. markets,...

Nissan Motor said on Thursday its international production fell for a fifth straight month in October, led by downshifts at most of its production centers except for Mexico. While worldwide sales also dropped for a seventh month, sales in Nissan's core market, the United States, grew for the first time in 3 months. Nissan earlier this month announced strategies to axe 9,000 jobs and 20% of its manufacturing capability internationally to cut costs, after the third-biggest Japanese carmaker behind Toyota and Honda suffered sales slumps in China and the U.S. . The risk of U.S. tariffs is now clouding the...