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New Mexico regulators fine oil producer USD 40 million for burning off vast amounts of natural gas

New Mexico regulators fine oil producer USD 40 million for burning off vast amounts of natural gas

Sat, Jul 01, 2023

New Mexico oilfield and air quality regulators on Thursday announced unprecedented state fines against a Texas-based oil and natural gas producer on accusations that the company flouted local pollution reporting and control requirements by burning off vast amounts of natural gas in a prolific energy-production zone in the southeast of the state.

Kia to build new EV plant in Mexico, likely to invest $1 billion

Kia to build new EV plant in Mexico, likely to invest $1 billion

Tue, May 16, 2023

A new EV plant, which is expected to be built near the existing facility, will allow Kia to become eligible for federal subsidies under the Inflation Reduction Act (IRA)

FIFA World Cup 2026: Which country will host the next football extravaganza? Check details

FIFA World Cup 2026: Which country will host the next football extravaganza? Check details

Tue, Dec 20, 2022

FIFA World Cup 2022 came to an end on Sunday with Lionel Messi-led Argentina clinching the trophy by defeating France in penalty shoot-outs. With this, the preparation for the next edition of one of the world’s largest sporting events kicked-off.

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After Trump threat of hefy fees on Corolla, Toyota invests $1.33 billion in US plant

Tue, Apr 11, 2017

Japanese automaker Toyota Motor Corp said it is spending $1.33 billion in its Kentucky plant as part of a plan to invest $10 billion in the US over the next five years.

Border wall: Trump upbeat after conversation with Mexican president

Border wall: Trump upbeat after conversation with Mexican president

Sat, Jan 28, 2017

US President Donald Trump said he had a "very good" telephonic conversation with his Mexican counterpart Enrique Peña Nieto amid a diplomatic spat over Washington`s plans for a border wall.

Donald Trump taxes Americans to build border wall with Mexico

Donald Trump taxes Americans to build border wall with Mexico

Fri, Jan 27, 2017

President Donald Trump is seeking to impose a 20 per cent tax on imports from countries which has a trade deficit with the US like Mexico in order to finance the construction of a border wall along its southern border, the White House said.

Ford sees lower 2017 profits, takes hit from pensions, Mexico

Ford sees lower 2017 profits, takes hit from pensions, Mexico

Thu, Jan 26, 2017

Ford Motor Co has reported a loss of $783 million in the fourth quarter of 2016.

Wipro buying Brazilian IT firm InfoServer for $8.7 million

Wipro buying Brazilian IT firm InfoServer for $8.7 million

Wed, Jan 25, 2017

Wipro is planning to buy Brazilian IT services provider InfoServer for $8.7 million.

General Motors says to invest additional $1 billion in US

General Motors says to invest additional $1 billion in US

Tue, Jan 17, 2017

General Motors Co said on Tuesday it would invest an additional $1 billion (nearly Rs 6,652.8 crore) in its US factories, moving some production from Mexico.

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Tue, Jan 17, 2017

While Xi did not mention Donald Trump in his speech of nearly an hour but many of the messages he sent seemed directed at the US president-elect.

Mexico's peso hits new record low

Mexico's peso hits new record low

Wed, Jan 11, 2017

The Mexican peso sank to another historic low on Tuesday in the wake of an unpopular gasoline price hike and US President-elect Donald Trump`s latest protectionist threats against automakers.

Detroit auto show kicks off with trade plea to Trump

Detroit auto show kicks off with trade plea to Trump

Tue, Jan 10, 2017

Auto executives rushed to offer fresh evidence of US investments at the start of the Detroit auto show on Monday, amid pressure from President-elect Donald Trump to repatriate manufacturing jobs.

Volkswagen to keep Mexico factories, executive says

Volkswagen to keep Mexico factories, executive says

Mon, Jan 09, 2017

The head of the Volkswagen (VW) brand of cars said his company would continue to manufacture in Mexico and pledged to produce electrified vehicles in the United States (US).

Detroit braces for Trump tweets as auto show opens

Detroit braces for Trump tweets as auto show opens

Mon, Jan 09, 2017

The global auto industry on Monday was bracing for more confrontational tweets from President-elect Donald Trump, with the festive Detroit auto show due to kick off here.

Fiat Chrysler announces creation of 2,000 US jobs

Fiat Chrysler announces creation of 2,000 US jobs

Mon, Jan 09, 2017

Fiat Chrysler announced it was creating 2,000 jobs in the United States, coming as President-elect Donald Trump has been publicly scolding automakers for investing in Mexico.

OPEC to push for non-member oil cuts

OPEC to push for non-member oil cuts

Sat, Dec 10, 2016

OPEC will seek on Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices.

Won't allow H-1B visa holders to replace US workers: Donald Trump

Won't allow H-1B visa holders to replace US workers: Donald Trump

Sat, Dec 10, 2016

President-elect Donald Trump has said he would not allow Americans to be replaced by foreign workers, in an apparent reference to cases like that of Disney World and other American companies wherein people hired on H-1B visas, including Indians, displaced US workers.

Donald Trump threats may not stop US offshoring of jobs

Donald Trump threats may not stop US offshoring of jobs

Sun, Dec 04, 2016

President-elect Donald Trump`s threats to retaliate against US companies planning to shift operations overseas constitute a new risk for multinationals, but may not sway those already planning to offshore jobs.

Ford recalls 650,000 vehicles in North America over seat belts

Ford recalls 650,000 vehicles in North America over seat belts

Sat, Dec 03, 2016

Ford on Friday announced the recall of nearly 650,000 cars in North America over defective seat belts that can fail in a crash.

Donald Trump effect hits Mexico's growth forecast

Donald Trump effect hits Mexico's growth forecast

Thu, Nov 24, 2016

The Mexican central bank slashed the country's economic growth forecast on Wednesday, citing concerns that US President-elect Donald Trump will make good on his pledge to upend regional trade.

Mexico will not pay for Trump wall, but seeks cooperation

Mexico will not pay for Trump wall, but seeks cooperation

Thu, Nov 10, 2016

Mexico said on Wednesday it would work with Donald Trump for the benefit of both nations after his surprise US election win, but reiterated it would not pay for his planned border wall, which stirred up deep resentment during a fraught presidential campaign.

Trump would wreck US economy: Carlos Slim

Trump would wreck US economy: Carlos Slim

Sun, Nov 06, 2016

Slim declined to comment on that controversy, but his son-in-law and spokesman, Arturo Elias, had responded at the time that the Mexican billionaire has never met Trump and "is not interested in his personal life in the slightest."

140 hours, 5 nations and 2 continents later PM Modi is back; see pictures

140 hours, 5 nations and 2 continents later PM Modi is back; see pictures

Fri, Jun 10, 2016

Prime Minister Narendra Modi has returned to India on Friday after his five-nation tour. During this tour he visited Afghanistan, Qatar, Switzerland and Mexico with an aim to bolster ties, with the highlight of his tour being an entertaining speech at the US congress.

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