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MEXICO NEWS ON FASTMOVING

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Walmart worries that US tariffs will raise Mexican fresh produce prices

Walmart worries that US tariffs will raise Mexican fresh produce prices

10/06/2019 - 14:40
Walmart CEO Doug McMillon says the retailer is concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.  read more
Lowe’s to ditch Mexico stores in further streamlining

Lowe’s to ditch Mexico stores in further streamlining

21/11/2018 - 11:23
Lowe’s stated it was looking to shed its retail operations in Mexico and certain noncore US businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.  read more
20% sugar tax on the cards for South Africa

20% sugar tax on the cards for South Africa

12/01/2016 - 08:21
The Democratic Alliance (DA) says that government’s plan to hike taxes on sugar-sweetened drinks by 20% will lead to an increase in food prices that will hit the poor. read more
Nestlé ready to act if Ebola spreads - CEO - Mexico

Nestlé ready to act if Ebola spreads - CEO - Mexico

24/10/2014 - 11:55
Lagos de Moreno - Nestlé has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the chief executive of the world's largest food company said on Wednesday. read more
Sugar tax mooted to save lives and money

Sugar tax mooted to save lives and money

21/08/2014 - 10:19
A 20% tax on sugar-sweetened drinks could cut the number of obese South Africans by almost a quarter of a million, saving lives and money, local research has found. read more
Davos: Mexico lures $6bn in investments

Davos: Mexico lures $6bn in investments

27/01/2014 - 07:42
Davos - Pepsico and Nestle on Friday announced major investments worth a combined $6bn in Mexico, where the government has just pushed through a series of economic reforms that aim to boost foreign investment and growth. read more
Walmart bribes ‘went via Mexican governor’

Walmart bribes ‘went via Mexican governor’

30/01/2013 - 10:43
WalMart’s Mexican unit used a current state governor there to facilitate $156 000 (R1.4 million) in bribes meant to help open stores, an ex-lawyer for the retailer told company officials in 2005, according to documents released by members of the US Congress. read more
Mexico in WTO dispute against Argentina

Mexico in WTO dispute against Argentina

28/08/2012 - 07:47
Geneva - Mexico has launched its first dispute against Argentina at the World Trade Organization (WTO), following similar complaints against Argentina by the European Union, United States and Japan, the WTO said on Monday. read more
Walmart shares drop on Mexico scandal

Walmart shares drop on Mexico scandal

17/08/2012 - 08:18
New York - Shares in Walmart Stores Inc, the world's largest retailer, were under pressure on Thursday as Congress pressed on with an investigation of alleged bribery in Mexico. read more
AB InBev wows market with $7.5bn bond offering

AB InBev wows market with $7.5bn bond offering

23/07/2012 - 08:15
July 11 (IFR) - AB InBev wowed the market on Wednesday with a jumbo USD7.5bn bond offering, which drew more than USD30bn of orders from investors who have been piling into US dollar corporate bonds.  read more
AB InBev buys out Corona maker Modelo for $20 billion

AB InBev buys out Corona maker Modelo for $20 billion

10/07/2012 - 08:42
Brussels--Anheuser Busch InBev, the world's biggest brewer, is taking over Mexico's Grupo Modelo for $20.1 billion, giving it dominance in Latin America's second-largest economy and adding Corona, the top-selling imported beer in the United States, to its brands. read more
SA among Walmart’s five countries posing high risk of corruption

SA among Walmart’s five countries posing high risk of corruption

18/06/2012 - 08:36
Walmart recommends that its employees in “certain countries” make payments to police officers if they feel threatened by the officer’s behaviour.  read more
Wal-Mart probe includes five countries

Wal-Mart probe includes five countries

13/06/2012 - 08:19
New York - Lawyers for Wal-Mart Stores have identified Brazil, India, China and South Africa along with Mexico as areas having the biggest risk for corruption, according to a letter from two congressmen who are doing their own investigation into the allegations of bribery in its Mexico operations. read more
Walmart down on bribery allegations

Walmart down on bribery allegations

24/04/2012 - 07:51
Walmart Stores shares were down 3.1% in early premarket trading on Monday following an article in the New York Times this weekend alleging that the world’s largest retailer stymied an internal probe into bribery at its Mexican affiliate, Walmart de Mexico. read more
SA maize deficit looms on Mexico exports

SA maize deficit looms on Mexico exports

26/03/2012 - 08:26
Johannesburg/Hamburg - South Africa has committed an additional 400 000 tonnes of maize exports to drought-stricken Mexico, a scenario that will likely push Africa’s largest corn producer into a deficit situation this marketing season and propel domestic food prices higher. read more
Alaskan Brewing to uncap new seasonal beer

Alaskan Brewing to uncap new seasonal beer

06/12/2011 - 09:43
US-based craft brewery Alaskan Brewing is set to add a third seasonal beer, Black IPA, to its existing line up in January 2012 . read more
Maize shortage, price spikes ‘preventable’

Maize shortage, price spikes ‘preventable’

10/11/2011 - 08:55
Grain SA CEO says SA will run out of maize as early as next month after the country’s maize surplus was exported read more