Mexican dairy company Grupo Lala says ending Costa Rica operations

by Reuters | Dec 1, 2020 | Business, Central America, Entertainment and Lifestyle, Latin America

MEXICO CITY (Reuters) – Mexican dairy company Grupo Lala will end operations in Costa Rica as it aims to refocus on key markets, the firm said in a statement on Tuesday. The closure effective on December 11 will accrue a $3 million benefit in earnings before...

Didi launches service in Mexico for women to select only female passengers

by Reuters | Nov 24, 2020 | Asia, Business, Central America, Economy, Latin America

MEXICO CITY (Reuters) – Chinese ride-sharing company Didi began rolling out a service in Mexico this week to let female drivers select only other women as their passengers, a move aimed at encouraging their safety as the country confronts worsening gender...

Walmart de Mexico says under investigation for antitrust behavior

by Reuters | Nov 23, 2020 | Business, Central America, Latin America

MEXICO CITY (Reuters) – Walmart’s Mexico unit said on Monday it was notified by Mexico’s federal competition authority that it is being investigated for possible antitrust behavior in the supply and distribution market of wholesale goods and retail...

Delta, WestJet scrap planned joint venture after U.S. demands

by Reuters | Nov 20, 2020 | Business, Canada, Central America, Latin America, US

By David Shepardson WASHINGTON (Reuters) – Delta Air Lines <DAL.N> and Canada’s WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were...

Asia-Pacific leaders push for freer trade after Trump

by Reuters | Nov 19, 2020 | Asia, Australia, Business, Canada, Central America, Economy, Europe, Latin America, Politics, Top News, US

By Rozanna Latiff and Joseph Sipalan KUALA LUMPUR (Reuters) – Asia-Pacific leaders called on Thursday for open and multilateral trade to support a global economy battered by the coronavirus pandemic and some hoped for more engagement with the United States under...

Volkswagen to set up new motor production line at central Mexico plant

by Reuters | Nov 12, 2020 | Business, Central America, Economy, Europe, Latin America

MEXICO CITY (Reuters) – German carmaker Volkswagen AG <VOWG_p.DE> said on Thursday it will invest $233.5 million in a new production line for motors at a existing plant in central Mexico. “Volkswagen has found in Guanajuato fertile ground for a new...