MEXICO

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Hurricane Jimena forms, Danny weakens to depression

Hurricane Jimena formed in the eastern Pacific near the Mexican resort of Acapulco on Saturday, but in the Atlantic Tropical Storm Danny weakened to a tropical depression and storm alerts were discontinued for the North Carolina coast.

Whirlpool to shut U.S. plant, cut about 1,100 jobs

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Whirlpool Corp plans to shut a plant in Evansville, Indiana and move some production to Mexico next year, a change that will eliminate about 1.6 percent of the world's biggest appliance maker's workforce.

U.S. welcomes China move to cut auto parts tariffs

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The United States on Friday welcomed Beijing's decision to eliminate additional charges on imported auto parts in a landmark case that ended a grace period for China after it joined the World Trade Organization.
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Whirlpool to cut about 1,100 jobs

Whirlpool Corp plans to shut a manufacturing facility in Evansville, Indiana, and move some production to Mexico next year, a change that will eliminate about 1.6 percent of its workforce.
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U.S. charges top suspected Mexican drug lord

The United States has filed new charges against Mexico's top drug lord and other drug cartel leaders for smuggling billions of dollars worth of cocaine across the border, but they remain at large, U.S. authorities said on Thursday.
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Chrysler to make Fiat in Mexico: report

Chrysler Group is planning to produce Fiat SpA's (FIA.MI) Fiat 500 subcompact at a Chrysler plant in Mexico, the Wall Street Journal reported, citing people familiar with the matter.
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Mexico's Cemex extends $15 bln debt, may sell shrs

Mexico's Cemex, the world's No. 3 cement maker, said on Friday it finalized a $15 billion debt restructuring to avoid default and announced it could sell shares worth about $1.7 billion as part of the deal.
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LatAm Stocks and Currencies slide as US data weigh

Latin American stocks and currencies posted losses on Friday after U.S. consumer sentiment weakened unexpectedly in August, raising questions about the strength of the economic recovery and increasing global aversion to risk.
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Food giants say U.S. running out of sugar

Large U.S. food companies have been pushing the Obama administration to ease sugar import curbs, threatening higher consumer prices and possible job losses, citing forecasts for unprecedented sugar shortages.
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Mexico beats USA 2-1 at packed Azteca stadium

Mexico's national team retained its never defeated at home by the U.S title on Wednesday beating the American national team 2 to 1 in front of 100,000 at the packed Azteca stadium in Mexico City.
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U.S., Mexico probe oil thefts from Mexican company

The U.S. and Mexican governments are probing a scheme to steal millions of dollars worth of crude oil and refined products from Mexico's state-owned oil company and sell it to U.S. refiners, a U.S. official said on Monday.
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Visa and MasterCard look abroad for growth

Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide.
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US, Mexico probe oil thefts from Mexican company

The U.S. and Mexican governments are probing a scheme to steal millions of dollars worth of crude oil and refined products from Mexico's state-owned oil company and sell it to U.S. refiners, a U.S. official said on Monday.
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Daily Wrap Up - August 10 - Energy

Smart Meter producer Echelon Corp. saw its shares spike as much as 40 percent early Monday after announcing a long-term deal to supply smart meters to the third largest utility in the United States, Duke Energy Corp. North American nations said they would build a capacity and infrastructure with the view to facilitate future cooperation in greenhouse gas emissions trading systems to fight climate change.

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