MEXICO

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Mexico finds oil at Leek well in Gulf of Mexico

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Mexico's state oil company Pemex has discovered oil at the Leek-1 well in the deep waters of the Gulf of Mexico and is testing it to see if it is commercially viable, a Pemex spokesman said on Thursday.

Documentary exposes Mexico's medieval courts

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Street vendor Antonio Zuniga was picked up by police in Mexico City in late 2005 without a warrant, jailed and sentenced to 20 years for the murder of a man he had never met.
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U.S. falls 3rd in bank ranking, after UK, Australia

The United States slipped from first to third place after the U.K. and Australia in a ranking of financial development released by the World Economic Forum on Thursday, as the global financial crisis badly hurt bank stability in developed countries.
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UN says renewable energy investment down in 2009

Global investments in renewable energy technology like wind, solar and hydroelectric power have slid dramatically this year as the economic crisis limited government and private funds for new projects, the United Nations said on Wednesday.
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U.S. stumbling block in U.N. climate talks: Mexico

The United States came under pressure to show leadership in U.N. climate talks on Wednesday with Mexico saying its neighbor is a stumbling block in efforts to try to craft a tough global climate agreement by December.
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Congress told to toughen up broker standards

Broker dealers must be held to a higher standard if they provide financial advice to clients, regulators told lawmakers on Tuesday as Congress weighs changes to the U.S. financial regulatory system.
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Walmex seen posting strong 15 pct net jump

Leading Mexican retailer Wal-Mart de Mexico is expected to post a strong 15 percent rise in third-quarter profits as it uses promotions aimed at shoppers with little money to spend trying to beat the recession.
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Pepsi Bottling profit beats estimates

Pepsi Bottling Group Inc reported a slightly higher-than-expected quarterly profit on Tuesday, as price increases and easing commodity costs helped offset falling sales volume.
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Mexico's ICA places $477 mln highway security

Mexican construction company ICA and partner Goldman Sachs placed a package of toll highways on the stock market on Friday, the first use of a new investment vehicle meant to boost financing for infrastructure projects.
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American, BA warned by EU over proposed tie-up

American Airlines and fellow Oneworld alliance partners British Airways and Iberia face fresh European Union antitrust hurdles as they look to extend their pact to include coordinated schedules and prices.
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EU warns American, BA over tie-up plans

American Airlines (AMR.N) and fellow Oneworld alliance partners British Airways (BAY.L) and Iberia (IBLA.MC) face fresh European Union antitrust hurdles as they look to extend their pact to include coordinated schedules and prices.
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EU watchdog charges Oneworld airline pact

A pact to cooperate on schedules and prices between British Airways , American Airlines and Iberia may have violated EU antitrust rules, European Union antitrust regulators said on Friday.
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GM to close Saturn as sale to Penske collapses

General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.
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Coca-Cola to put calorie counts on front labels

Coca-Cola Co said on Wednesday it will include calorie information on the front of nearly all its packages, as the world's largest soft drink maker seeks to raise consumer awareness about nutrition.
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Mexico's Cemex seals $1.8 bln share offer

Mexico's Cemex, the world's No. 3 cement maker, sealed a $1.8 billion share offer on strong demand on Tuesday in a sign of investor optimism in the debt-laden company's recovery.
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Visteon to give up some GM parts business

Visteon Corp has sought U.S. Bankruptcy Court permission to drop contracts to supply auto interiors, fuel tanks, climate controls and lighting components to General Motors Co under a deal with the automaker that would give it more than $22 million.
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Mexico's Axtel surges on move toward TV

The stock of Mexican telecommunications provider Axtel rose for a third straight session on Thursday on news that it plans to offer satellite television, creating tougher competition for media giant Televisa.
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Steps by developing nations to fight climate change

Major developing nations have announced steps over the past year to curb their growing greenhouse emissions as the world tries to negotiate a broader, and tougher, U.N. pact to slow the pace of climate change.

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