| | | Business News
Mexico IPC Closes at All-Time High Caroline Stauffer - Reuters go to original October 05, 2010
Mexico City - Mexico's IPC stock index closed at a new all-time high of 34,257 on Tuesday after Japan took the surprise step of effectively cutting interest rates to zero, prompting investors to buy emerging market assets with higher returns.
Mexican Broadcaster Televisa jumped 12.38 percent after the company announced it will invest $1.2 billion to take a stake in U.S.-based rival Univision.
Related story: Televisa Makes $1.2 Bln Investment in Univision
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