MEXICO

IBTimes Logo

Oil hovers at $76 after China trade data

U.S. crude oil futures hovered at around $76 a barrel on Monday as China's bigger-than-expected trade surplus in June eased worries about a slowdown for the global economic recovery and oil demand.

Santander keen to expand in Colombia, Peru: report

IBTimes Logo
Banco Santander , Spain's biggest bank, is on the prowl for more acquisitions in Colombia and Peru as it presses ahead with its expansion across Latin America, the Financial Times reported on Monday.
IBTimes Logo

Oil rises to $75 on equities, U.S. data

Oil rose to around $75 per barrel on Thursday, supported by firmer stock markets, U.S. jobless data and a report showing a fall in crude inventories in the United States, the world's biggest consumer.
More news
IBTimes Logo

Oil rebounds from 3-week low

Oil rebounded from three-week lows on Monday, staying above $72 as the market assessed the implications of a slowing global economic recovery on energy use. Rising stock markets in Asia prompted participants to cover short positions in a trading session where volumes were expected to be thin because of the U.S. Independence Day holiday.
IBTimes Logo

Oil steady near 3-week low as economy recovery slows

Oil was steady around $73 on Friday, near 3-week lows after a spate of weak manufacturing data renewed worries about slower global economic growth ahead of a key U.S. jobs report. Manufacturing growth cooled around the world in June, reports from China, Europe and the U.S. showed on Thursday, adding to evidence that the global economic recovery is losing steam.
IBTimes Logo

Oil rebounds from 3-week lows; economy worries persist

Oil prices rebounded on Friday from 3-week lows, but were still far from reversing the biggest one-day drop in almost a month a day earlier, after a spate of weak manufacturing data reflected slower global economic growth.
IBTimes Logo

Weather hinders oil cleanup

Tropical storm Alex slowed oil spill clean-up and containment work in the Gulf of Mexico and drove more petroleum into fragile Gulf wetlands and beaches on Thursday, with any permanent fix to BP Plc's ruptured deep-sea well still several weeks away.
IBTimes Logo

Oil dives 4 percent on weak economic data

Oil fell more than 4 percent to below $73 a barrel on Thursday, its biggest dive in five months, as weak manufacturing data from China and the United States fueled concerns about faltering economic growth.
IBTimes Logo

How some textile mills sidestepped Armageddon

To get an idea of how some U.S. textile mills can compete with developing-world rivals who pay far lower wages, roll a bowling ball down one of the production lines at Parkdale Mills' Walnut Cove yarn plant.
IBTimes Logo

IMF mulls new crisis-lending instruments

The International Monetary Fund is working to develop new lending instruments for economies hit by crises that are not of their own making, IMF Managing Director Dominique Strauss-Kahn said on Tuesday.
IBTimes Logo

Euro zone and China fears hit Latam currencies

A toxic combination of European banking concerns, a downward revision to Chinese growth and poor U.S. economic data battered Latin American currencies on Tuesday. Brazil's real was hit the hardest, plunging to its weakest level in about two weeks, as investors fled higher-risk assets worldwide.
IBTimes Logo

Oil drops to $77 with equities

Oil fell as much as 1.7 percent to below $77 on Tuesday as forecasts indicated tropical storm Alex would skirt the main production region in the U.S. Gulf of Mexico, limiting disruption there to a few precautionary shutdowns.
IBTimes Logo

Natgas force majeure on Gulf storm fears: Enbridge

Enbridge said on Monday that it declared force majeure on its offshore Nautilus natural gas pipeline system after some Gulf of Mexico producers shut in supply as a precaution against Tropical Storm Alex.
IBTimes Logo

Stock index futures point to mixed open

U.S. stock index futures pointed to a mixed opening on Wall Street on Monday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures gaining 0.3 percent and Nasdaq 100 futures up 0.3 percent at 4:50 a.m. ET.
IBTimes Logo

Oil eases below $79

Oil eased below $79 a barrel on Monday, turning lower after prices touched their highest in almost eight weeks as tropical storm Alex disrupted Mexican exports and prompted some U.S. producers to evacuate platforms.
IBTimes Logo

Oil near 8-week high as storm forces Mexico to slow exports

Oil touched its highest price in almost eight weeks on Monday, trading near $79 as tropical storm Alex forced Mexico to slow oil exports and some offshore U.S. producers to evacuate platforms and curb output. Japan's Nikkei average fell 0.45 percent on Monday, with the dollar little changed against a basket of currencies, despite an upbeat sign for the macroeconomic outlook on Friday from U.S. consumer sentiment, which rose in June to its highest since January 2008.
IBTimes Logo

Thick oil soils Mississippi shore as storm looms

Gluey gobs of thick oil from BP Plc's Gulf of Mexico spill washed ashore in Mississippi for the first time on Sunday as Russia called for a special levy on oil companies to finance a fund to help clean up environmental disasters like this one.
IBTimes Logo

Storm looms as thick oil soils Mississippi shore

Gluey gobs of thick oil from BP Plc's Gulf of Mexico spill washed ashore in Mississippi for the first time on Sunday as Russia called for a special levy on oil companies to finance a fund to help clean up environmental disasters like this one.
IBTimes Logo

Oil spill teams keep wary eye on storm in Gulf

The Atlantic hurricane season's first named storm posed an uncertain threat to the Gulf of Mexico on Sunday, as a report said relief wells may halt the worst U.S. oil spill ahead of schedule.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.