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 Business News
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Mexico Stock Exchange to Raise $440 Million In Own IPO
 Lizbeth Salazar
Mexico's stock exchange said on Wednesday it expects to raise around 4.6 billion pesos ($440 million) in an initial public offering of its own stock. The exchange said the offer of just less than half of its stock, planned for Mexico and the United States, would be priced between 14 and 19 pesos per share.
The US Recession Hits Home - in Mexico
 Greg Brosnan
The U.S. slowdown is compounding poverty in rural Mexico as jobless migrants struggle to pay for rent and groceries, let alone send money home.
The New Real Estate Boom. Really.
 Paul R. La Monica
The housing market is still a mess but funds that invest in real estate stocks are on fire this year. Here's why the comeback may be for real.
Mexico's Tax-Free Shopping Incentive
 Greg Brosnan
Wary of losing much-needed cash from recession-battered Americans, Mexico for the first time is dropping its sales tax for tourists. The move is aimed largely at keeping working- and middle-class Americans flocking to Mexico's pristine beaches and Mayan ruins.
Home Depot Thriving in Mexico
 Jeremy Schwartz
With the U.S. home improvement market hobbled by an unrelenting housing slump, Atlanta-based Home Depot is predicting a far rosier outlook in Mexico, which is in the midst of an unprecedented housing boom.
Mexico Group Warns Tortilla Prices Set to Jump
 Jason Lange
The price of tortillas, a political hot button in Mexico where the corn pancakes are an everyday staple, is expected to jump about 18 percent by June on rising costs for fuel and corn, a major industry group said Wednesday.
Mexico Growth May Be Hurt by Remittances, Cox Says
 Alex Emery
Mexican and Central American economic growth will be hurt by a decline in remittances from workers living abroad because of a slowdown in the U.S., said Pamela Cox, the World Bank's vice president for Latin America.
Mexico Retailers April Same-Store Sales Fall
 Cyntia Barrera Diaz
Mexican retailers group ANTAD said on Tuesday its members' same-store sales fell 3.4 percent in April compared with the same month a year ago.
Latin America: Big Debates Over Small and Medium Enterprises
 Humberto Márquez
Microbusinesses and small and medium enterprises in Latin America remain a valid path for maintaining and improving economic growth and fighting poverty, while the spotlight in the region shines on summits, conflicts and major political problems such as integration or energy security.
How to Say What You Mean - in Spanish!
 Patrick Harrison
We have all experienced it... that sign that made us chuckle, that brochure or ad that didn't quite convey what it set out to say. Now companies in Vallarta can turn to an agency with proven success in translation services - Producciones Pino.
US Homeowner Bailout Draws Ire
 Rob Lever
As Congress moves to aid distressed US homeowners, the prospect of a new rescue is drawing fire from a diverse array of activists, economists and consumers opposing what they call a bailout.
The Push to Privatize PEMEX
 Jessica Pupovac
Petróleos Mexicanos, or PEMEX, withstood a tsunami of privatizations of formerly state-owned companies in the late 1980s and ’90s. But now, with pro-business President Felipe Calderón in office, the effort is being revisited.
In Mexico, Getting on Radio Show Can Get You Out of Debt
 Sergio Solache
The voice on the line was desperate. Luz Maria Vega was drowning in debt. The bank was raising her credit-card rate. Her only hope: David Páramo, radio host and the wheeling-dealing savior of Mexico's growing hordes of credit-card addicts.
Cancun, Acapulco Offering Affordable Options for Business Travelers
 Jeremy Schwartz
For years, business travelers to Acapulco and Cancún had two choices: pay through the nose for big resort hotels or take their chances with cheap, down-market hotels that have never heard of a business center. But recently some reasonably priced options have finally opened up in both places.
Illegal Child Labor Stills Defies Bans, In and Out of Mexico
 Vittorio Hernandez
A new United Nations Children's Fund study says about 300,000 Mexican children are illegally employed in farms across the nation. The practice goes on even as Mexico has been criticized by the international community and despite tough regulations imposed by American distributors.
US Labor Groups Oppose Mexican Aid Package
 Pablo Bachelet
A major U.S. counterdrug aid package for Mexico is under attack by U.S. organized labor, which says Congress should reject the initiative unless tough human-rights conditions are included, according to a letter revealed Friday.
Food Prices Push Mexico Inflation to 3-Year High
 Jason Lange & Noel Randewich
Spiraling world food prices pushed Mexico's inflation to a three-year high in April, reinforcing expectations the central bank will not cut interest rates to stave off the effect of a feared U.S. recession.
Wave of Lawsuits Over Losses Could Hit a Wall
 Jonathan D. Glater
Finding someone to sue over losses in the mortgage market and the credit crisis is easy. Winning in court, lawyers say, will be hard. Shareholders in big financial firms have accused UBS, Merrill Lynch, MBIA and Morgan Stanley, among others, of trying to hide their home loan problems, which later led to declines in their stock prices.
Mexico Votes for Fixed Prices
 Barbara Casassus
The Mexican Senate or upper house of parliament has voted by a massive majority to introduce fixed book prices. The law was adopted by the Senate on 29th April by 107 votes in favour, two against and five abstentions.
Many Fret Over Getting Less Bang for Our Buck
 Dean Calbreath
As the once-mighty U.S. dollar continues to sink against other currencies, some Americans are confronting the reality that their money is worth a lot less than it once was.
Mexico Says Economy Faring Well Despite US Downturn
 Jason Lange & Luis Rojas Mena
Mexico's economy has yet to feel the pinch from a steep U.S. slowdown, the government said Friday, keeping its 2008 growth forecast at 2.8 percent. The U.S. downturn will hurt Mexico's economy in the second quarter but it will then start improving after mid-year.
Top 5 Mexican Real Estate Markets
 Melana Yanos
As Americans struggle with the rising cost of living and a suffering housing market, investing in Mexican real estate is beginning to look muy bueno. Property prices in Mexico are significantly more affordable than in the U.S., and the forthcoming retirement of the baby boomer population is likely to create huge demand.
Mexican Tourism's Rocky Road
 Oxford Analytica
Tourism has contributed significantly to Mexico's employment, foreign direct investment and economic growth over the past three decades. However, challenges and obstacles could prevent the industry from achieving its full potential.
Former Mexican President Fox Discusses Foreign Affairs, Economics in Atlanta
 Joe Rauch
Former Mexican President Vicente Fox is concerned populist leaders and dictators are dragging Latin and South America countries back to nondemocratic regimes, after years of pushing for reform.
Illegal Immigrants Pay Billions in US Taxes
 Associated Press
The tax system collects its due, even from a class of workers with little likelihood of claiming a refund and no hope of drawing a Social Security check. Illegal immigrants are paying taxes to Uncle Sam, experts agree. Just how much they pay is hard to determine because the federal government doesn't fully tally it.
Mexico Rebel Talks May Spur Investment
 Alexandra Olson
President Felipe Calderon's decision to talk with guerrillas linked to gas pipeline explosions could encourage foreign investment in Mexico at a time when the government is pushing to open the oil industry to private partnerships, experts said this week.
Mexico Banks' March Private Sector Loans Up 21 Pct
 Noel Randewich
Mexican bank lending to individuals and companies increased 21.1 percent in March over the year-ago period, the central bank reports. Bank consumer credit fell 4.7 percent, mainly because Banamex moved credit card debt off its books and into a specialized lending company called Tarjetas Banamex.
Mexico's Non-US Bound Exports Shielding Economy
 Jason Lange
Mexican exporters, long dependent on American consumers, are ramping up sales to once-ignored markets such as Europe and Brazil and are helping shield Mexico's economy from a feared U.S. recession.
Immigrant Worker: No More Money to Mexico
 Paul Vercammen & Harris Whitbeck
Deceleration in the U.S. construction industry resulted in $100 million less in "remittances" - money from workers in the U.S. to their relatives in Mexico - in January this year, the most recent available stats.
Mexico Widens Power Probe of Slim's America Movil
 Chris Aspin
Mexico's antitrust watchdog on Wednesday widened once more a probe into monopolistic practices by telecommunications companies controlled by billionaire tycoon Carlos Slim.
Mexico's Guayabera Shirt Fights for U.S. Market
 Noel Randewich
Mexican makers of the guayabera shirt, elegant business wear across tropical areas of Latin America, are feeling the heat as Asian competitors grab more of the lucrative U.S. market.
U.S. Credit Card Debt Soars to Unprecedented Heights
 Heide B. Malhotra
Studies indicate that credit card defaults and related write-offs increased drastically since 2006. Today, lenders write off 33 percent more in credit card debt than they did two years ago.
How to Barter for Everything
 Kay Matthews
Over the past 20 years, my husband Mark and I have bartered everything from a two-week vacation in a mountain cabin to a hernia operation for Mark. Trading our time, labor, and skills seems so much more intimate and humane then selling ourselves on the free market for money.
Sales of Secondhand Goods in Murrieta Fuel a Growing Underground Economy in Mexico
 Chris Richard
Murrieta's fame as a weekend bargain center has spread south into Mexico, and, scholars think, may play a role in an international trade that extends around the globe.
Rapid Growth of Mexican MLS Contributes to Open Market
 Brian Flock
The rapid growth in use of a new Internet technology over the past two years by Mexico real estate brokers has resulted in a de facto Mexican multiple listing service (MLS).
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