May 26, 2020

Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO: sources

Daimler AG plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it […]
May 26, 2020

Walmart’s Mexico unit pays scaled-down tax of $358 million after government talks

Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer […]
May 26, 2020

Samsung Group heir questioned by prosecutors over contentious 2015 deal

Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group’s affiliates, Yonhap […]
May 26, 2020

Japan shares hit 10-week peak, S&P 500 tests 3,000

Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in […]
May 26, 2020

Chile’s Latam Airlines Group hires PJT Partners to restructure debt: report

Chile’s Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, […]
May 26, 2020

Michelin says its Mexican plants have resumed operations

French tire maker Michelin resumed operations at its two plants in Mexico on Monday, saying that activity will be staggered at first. Powered by WPeMatico
May 25, 2020

Walmart de Mexico says it has paid $358 million to tax authorities

Mexico’s biggest retailer, Walmart de Mexico, said on Monday that it had paid 8.08 billion pesos ($358 million) to Mexican tax authorities in relation to its […]
May 25, 2020

Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, […]
May 25, 2020

Volkswagen Mexico won’t talk of restart while state decree in place

German automaker Volkswagen said on Monday it had satisfied federal requirements to resume production in Mexico but would not make announcements about renewing operations as long […]
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