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Mexico Wages Must Account for Inflation, Lozano Says
 William Freebairn
Mexican Labor Minister Javier Lozano said next year's minimum wage increase must take into account that inflation will exceed the central bank's target.
Technomic Examines Hispanic Restaurant Consumers and Acculturation Trends
 Business Wire
With the U.S. Hispanic population growing faster than any other group, restaurant operators must work harder to understand and cater to this increasingly-important customer base. Census Bureau data now places Hispanics at roughly 44 million—nearly 15 percent of the U.S. population—making the U.S. the third largest concentration of Hispanics in the world, after Mexico and Colombia.
Calderon to Push Competition in Mexico Telecom, Banks
 Adriana Arai
Mexican President Felipe Calderon said promoting competition in telecommunications and banking is a priority in his plan to spur economic growth and create jobs.
Cease Trade Order Issued
 Sharon Vanhouwe
A cease trade order has been issued against a Warman based company. The Saskatchewan Financial Securities Commission has issued the order against Landbankers International and Kelly Friesen.
Flow of Migrant Money to Mexico Stalls
 Elisabeth Malkin
A dragging U.S. economy and a campaign against undocumented workers are key reasons why Mexican migrants' remittances home have leveled off.
Mexico Begins Antitrust Probe of Mobile-Phone Market
 Adriana Arai & William Freebairn
Mexico's antitrust regulators started an investigation of market dominance in the country's mobile-phone industry, challenging the power of billionaire Carlos Slim's America Movil SAB.
Shoppers From Mexico Flock to Tucson Malls
 Bud Foster
Twenty-five years ago, Tucson families would pack the car for the holidays and head to Mexico to buy cheap Mexican products. My how things have changed.
Mexico to Take Bids in '08 to Build $7 Billion West Coast Port
 Thomas Black
Mexico plans to begin taking bids in the first quarter from companies vying to build a $7 billion port and rail line on Mexico's west coast as an alternative to congested U.S. ports in California.
Hutchison Port Opens $244 Million Mexican Harbor Development
 Wendy Leung
Hutchison Port Holdings Ltd., the world's biggest container terminal operator, opened a $244 million expansion at Mexico's Port of Lazaro Cardenas, as it seeks to handle a greater share of the country's sea-cargo.
Expect Exodus of Broke Retirees
 Scott Burns
Suppose you can find a place where the cost of living is about 75 percent of the cost in the United States – some beach town north of Puerto Vallarta or south of Manzanillo. What happens to your standard of living when you move to Mexico?
Mexico to Discuss Imports From China
 Press TV
Mexican Foreign Minister Patricia Espinosa says Mexico seeks direct talks with China to resolve crisis over the Chinese textile exports. Espinosa indicated Mexico hopes to reach an agreement before bringing its case before the WTO.
Chinese Car Plant to be Built in Mexico
 Associated Press
Construction began Friday on an auto assembly plant in central Mexico that will create thousands of jobs and be the country's first to produce Chinese cars.
Bank of Mexico May Hold Rate After Surprise Increase Last Month
 Patrick Harrington
Mexico's central bank will probably keep its benchmark interest rate unchanged today as policy makers gauge whether their surprise increase last month will be enough to head off inflation stoked by rising food costs.
Mexico Oil Output Falls, Natural Gas Imports Soar
 Reuters
Mexican crude oil production and exports fell in October after a storm in the Gulf of Mexico disrupted output for days, while natural gas imports soared 23 percent from September, state oil monopoly Pemex said Thursday.
Mexico Inflation Nears Danger Zone in Early Nov
 Noel Randewich
Rising food prices lifted Mexico's inflation rate close to the central bank's danger zone in early November despite a surprise interest rate hike in October, the bank said this week.
Mexico's Elektra in Deal to Produce Cheap Cars
Reuters
Mexican retailer Elektra said on Thursday it plans to build a $150 million plant to produce cheap cars by 2010 in a deal with Chinese automaker First Automobile Works Group.
Best Countries for Global Business
 Barbara Kiviat
It's a centuries-old debate: how do some nations attain long-term economic growth and an ever higher standard of living while others don't? What determines whether people in your part of the planet live in McMansions, mobile homes or mud huts?
In Europe, Weak Dollar Wrecks Americans' Dreams
 Sylvia Westall
The weak dollar and recent tax laws are hurting many of the 350,000 or so Americans who live in the European Union, especially those who are paid in dollars.
Mexico City Inaugurates New Terminal at Crowded International Airport
 Associated Press
Mexico City's crowded international airport opened a long-awaited terminal this week that is expected to boost passenger capacity by more than 40 percent. Officials say the $792 million Terminal 2 will let some 34 million travelers pass through Benito Juarez International Airport a year, up from current capacity of about 24 million.
Banking On Drugs
 Nathan Vardi
A money-laundering scheme involving a Mexican exchange house has again put U.S. banks in an uncomfortable position. This time Wachovia and Harris Bank are in the hot seat.
Wal-Mart Makes Donation to Flood Relief in Mexican State
 Jon Gambrell
Wal-Mart Stores Inc. donated $600,000 Thursday toward flood relief efforts in southern Mexico, as the world's largest retailer struggles to find 430 of its employees there.
Telmex to Spin Off International Business
 PriMetrica
Telmex has announced that it will spin off its international operations and its Yellow Pages business to form a new stand alone company known as Telmex Internacional.
Berries Shine in Southern Hemisphere
 FreshInfo
UK-based berry producers have long known the value of offering year-round berries, and with key southern-hemisphere producers ramping up their volumes, exciting times are ahead. Doris Lee Butterworth reports.
Wal-Mart Bank in Mexico Undercuts BBVA, Citigroup
 Adriana Arai
Wal-Mart Stores Inc., the world's largest retailer, made its first foray into banking, opening branches in Mexico and undercutting fees at the biggest local lenders, Banco Bilbao Vizcaya Argentaria SA and Citigroup Inc.
Latin American Telecom Market Heats Up
 gsm-3gworldseries.com
As the Latin American markets are quickly maturing well beyond the 'gold rush' stage, high level executives from Mobile Network Operators (MNOs) will be in Rio de Janeiro, December 5th-6th for this year's annual GSM Americas conference.
 Internet Empowers Indie Filmmakers
 Reuters
Digital distribution is being touted as a way for independent filmmakers to reach audiences and potential sponsors.
Tabasco Union Says 100,000 Head Of Cattle Affected By Flood
 Maja Wallengren
Cattle farmers in the Mexican state of Tabasco on Friday said 150,000 hectares of grassland and pastures remained under water after two weeks of severe flooding which have covered more than 80% of the Gulf Coast state.
Mexico Welcomes Telefonica, Dismissing Slim's Outcry
 Adriana Arai
Mexico welcomes Telefonica SA's entry in local telecommunications to foster competition and lower prices, a government minister said, dismissing claims by Carlos Slim's Telefonos de Mexico SAB that the Spanish company is breaking a law that restricts foreign investment in the industry.
Mexico Markets Up But Subprime Crisis Looms
 Reuters
Mexican stocks, bonds and the peso gained on Tuesday as worries about persistent trouble in U.S. credit markets eased. The peso currency firmed 0.32 percent to 10.703 per dollar, while the IPC stock index rose 0.37 percent to 30,269 points after five straight sessions of losses.
Mexico Stands Up To FTA
 Prensa Latina
About 40 national and regional rural organizations agreed last week to create a unitary front against the current North America Free Trade Agreement.
Mattel Recalls 155,000 Mexican-Made Toys
 Darren Ennis
Mattel Inc, the world's largest toymaker, has recalled 155,000 of its products made in Mexico over safety concerns, an official at the company told Reuters on Tuesday.
President Calderon: Floods Cripple Mexico's Oil Industry
 Annabella Bulacan
Mexican President Felipe Calderon on Friday warned it would take time to rebuild what has been devastated by the non-stop flooding plaguing the country, including the oil industry, which was crippled by the catastrophe.
Expanding the Panama Canal for the 21st Century
 Gail Dutton
The Panama Canal Authority is experiencing every company’s dream - a steady influx of business with more than it can handle in the wings. Fueled by the rapid growth of Asian exports, the canal has to expand to remain viable.
Mexico Economists Raise 2008 Inflation Forecasts
 Patrick Harrington
Economists covering Mexico raised their forecasts for 2008 inflation while reducing their estimate for consumer price increases this year, according to a survey released by the Mexican central bank.
Oil Falls as Mexican Production Resumes
 John Wilen
Oil futures retreated Tuesday on word Mexican oil production is returning to normal and on expectations that a government report will show crude supplies grew last week.
Mexico Senate Panels Pass 2008 Revenue Package
 Reuters
Mexican Senate committees approved the government's 2008 budget revenue bill on Monday, after it was revised in the lower house to include higher oil price estimates and income from newly approved taxes.
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