Mexico’s tax increase package will drive up costs for everyone from spring-break revelers in Cancun to dog owners and junk-food eaters. It’s also ratcheting up bond traders’ inflation expectations.
President Enrique Pena Nieto is giving the car insurance market a boost with a plan to mandate policies on federal highways in Mexico, where almost three in four drivers lack coverage.
Demand for solar panels in Mexico will more than triple next year to 250 megawatts and the country will become Latin America’s biggest market by 2016, according to GTM Research.
Tropical Storm Octave weakened as it bore down on Baja California in Mexico, according to the U.S. National Hurricane Center.
Huntington Beach, California, won baseball’s Little League World Series by beating Japan 2-1 with a game-ending, run-scoring single.
Mexico, poised to allow foreign oil extraction for the first time in 75 years, is finding its abundant natural resources also appeal to investors in a much cleaner energy: sunshine.
Tropical Storm Juliette’s top winds weakened as it skirted the Pacific coast of Mexico’s Baja California Peninsula.
Mexican President Felipe Calderon ’s National Action Party won yesterday’s gubernatorial election in Baja California Sur, preliminary results showed.
Following is the text of the weekly U.S. Drought Monitor as released by the National Drought Mitigation Center in Lincoln, Nebraska:
The following is a selection of the most important news affecting the oil market.