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Slim Says Eyeing Spanish Telecoms Market
 Jason Webb
Mexican billionaire Carlos Slim, who controls Mexico's dominant fixed-line telephon eoperator Telmex, is interested in investing in Spain's telecommunications market, he said in an interview with newspaper El Pais on Sunday.
“Mexican Economy on the Right Track”: Felipe Calderón
 Presidencia de la República
President Felipe Calderón declared that his government's strategy in on the right track for making Mexico one of the world's five leading economies, in terms of strength, size, power and opportunities for welfare for all Mexicans.
Hispanic Unemployment Rises as US Construction Slumps
 Suzanne Gamboa
For the first time in five years, foreign-born Hispanics have a higher unemployment rate than do Hispanics born in the U.S., according to the Pew Hispanic Center's analysis of census and Labor Department data.
Helping the Poor Help Themselves
 Knowledge at Wharton
Can a company make money from the work of impoverished people in the developing world without taking advantage of them? For Patrick Byrne, the answer is a qualified yes.
Mexico's Auto Unions Agree to Cut Wages
 Mark Stevenson
Mexican auto unions are taking a cue from U.S. labor leaders by offering two-tier hiring schemes and salary cuts that bring already low wages down to near-Chinese levels.
Mexican Health Firm Genomma Lab Set For IPO - Source
 Noel Randewich
Mexico's Genomma Lab, which sells sexual potency elixirs as well as ointments for acne and wrinkles, plans to list its shares this month in an initial public offering that could raise $160 million.
Mexico's Calderon Nudges Central Bank on Rates
 Veronica Gomez & Michael O'Boyle
Mexican President Felipe Calderon said on Wednesday the central bank should consider relatively tame inflation when setting monetary policy, in what was seen as a stab at policy-makers' independence.
Mexico Miners' Union May Take Strike Vote This Week
 Andres R. Martinez
Mexico's biggest mining union may vote this week on whether to hold more strikes if the Labor Ministry doesn't officially recognize its leader's re-election.
Mexican Microlender in Deal With Oxxo Corner Stores
 Noel Randewich
Compartamos, a Mexican bank that makes small loans to family businesses, said on Tuesday it reached a deal to let clients make their debt payments through Oxxo corner stores, owned by drinks company Femsa.
Mexican Economy Can Maintain Growth - Finance Minister
 Reuters
Mexico is well positioned to stand up to financial market turmoil but needs to remain vigilant, Finance Minister Agustin Carstens said on Tuesday.
Obama, McCain Offer U.S. Voters a Choice on Trade
 Doug Palmer
Republican presidential candidate John McCain and Democratic front-runner Barack Obama offer U.S. voters a sharp choice on trade, with McCain voicing unreserved support for free trade deals and Obama arguing labor and environmental concerns must come first.
Meeting Place México 2008
 PVNN
Over 100 exhibitors from Mexico and 170 potential buyers from around the world will be in Puerto Vallarta from June 1-3 for mpm 2008, Mexico’s specialized trade show for the meetings, conventions, and incentives marketplace.
S&P on Homex
 TraderMark
While the U.S. housing market continues to suffer, homebuilding has been thriving just south of the border. The Mexican housing sector, representing 3% of that country's gross domestic product (GDP), delivered impressive growth in the past few years, in our view, pushed by the pressing need for affordable homes, economic stability, and strong government support.
Ford to Build Low-Cost Fiesta Car in Mexico
 Agence France-Presse
Ford Motor Company said Friday it will build a new low-cost, small car for the North American market at its Mexican plant as part of a three billion dollar expansion.
Azteca Shifts Production of U.S. Newscasts to Mexico
 Meg James
Spanish-language television network Azteca America is now producing its U.S. national and local Los Angeles newscasts from Mexico City.
What Should Be a Definition for a Millionaire?
 Ivan Simic
Millionaires, millionaires, day after day we watch and read about millionaires; actor millionaires, singer millionaires, heiress millionaires and others. Every day number of millionaires in the world is rising with incredible speed. But, are they all really millionaires?
Mexican Govt Says Consumer Spending Still Strong
 Noel Randewich
Consumer spending in Mexico is supporting the economy in the face of a U.S. slowdown, a senior government official said on Thursday, despite data showing a recent decline in retail sales.
Mexico Trims Home-Grown Rice Prices
 Mica Rosenberg & Mariano Castillo
Mexican rice growers and millers said on Wednesday they had agreed with the government to cut prices of home-grown rice to 10 percent below international market prices and peg them at that differential.
South America Considers Common Currency
 Agence France-Presse
South America is thinking of creating a common currency and a central bank along the lines of those in the European Union’s eurozone, Brazilian President Luiz Inacio Lula da Silva said yesterday.
 US Immigrant Laborers in Limbo
 The Real Network
One hundred Indian guest workers marched hundreds of miles from New Orleans, LA, to Washington, DC, to protest their treatment by their employer, Signal International.
Realtors Celebrate a Centennial
 John K. Glaab
Recently in Washington, D.C., 9000 Realtors gathered at their annual "Mid-Year Meetings" to celebrate a Century of Progress. One of the highlights was the CIPS Property Specialist breakfast presentation by NAR Chief Economist Dr. Lawrence Yun.
US Housing Prices Fall 14.4 Percent in Sign of Continuing Slump
 Vikas Bajaj
America's home-buying season, when for-sale signs sprout like dandelions, is shaping up to be even worse than expected this year, with prices falling, sales slowing and few signs of a turnaround emerging.
Mexico's Calderon Says Oil to Blame for Food Prices
 Andres R. Martinez
Mexico's food is becoming more expensive because of higher costs for oil and demand for crops to produce biofuels, Mexican President Felipe Calderon said in a nationally televised address in which he sought to ease concerns about higher costs for basics like tortillas and rice.
Some US Farms Outsourced to Mexico
 Jessica Bernstein-Wax
American companies now farm more than 45,000 acres of land in three Mexican states, employing about 11,000 people, a 2007 survey by the U.S. farm group Western Growers shows.
Cuban Currency Reforms On Way
 Gulf Daily News
Cuba is to abolish its dual monetary system as the country pursues economic reform under new leader Raul Castro, a senior official said in an interview yesterday.
My Government is Determined to Defend Families’ Economies: President Calderón
 Presidencia de la República
President Felipe Calderón announced a series of actions to support families’ economies, based three main points and designed to shield Mexicans' financial situation from world food price increases.
Mexican Miners Set 24-Hour Strike for Monday
 Adriana Barrera
Mexico's mining union said its members would go on a 24-hour nationwide strike on Monday after the labor ministry failed to confirm the reelection of the union's estranged leader Napoleon Gomez.
Expo Sexo Mixes Business With Pleasure
 Julia Cooke
The 2008 Sex & Entertainment Fair was touted on billboards across Mexico City as 300,000 square feet of “pure sex,” an erotic twist on Mexico’s chaotic market culture and affinity for spectacles.
The Open House as a Home-Selling Tool? No Sale
 Lew Sichelman
According to the National Assn. of Realtors' latest profile of buyers and sellers, only 7% of all buyers visited open houses as a first step in their safari for a new house. Most people start their hunt on the Internet.
Mexico Prospering Despite U.S. Slowdown
 Marla Dickerson
Mexico's gross domestic product expanded at an annualized rate of 2.6% in the first three months of the year compared with a year earlier, according to government figures released Thursday. It's a respectable performance that highlights the nation's surprising resilience in the face of a U.S. slowdown.
Latin America: Report Slams Canadian Mining Industry
 Cyril Mychalejko
An independent report published last month condemns the business practices of Canada's Goldcorp Inc. and exposes the Canadian mining industry's often socially and environmentally destructive practices throughout the hemisphere.
New Fears on Long-Term Global Oil Supplies
 Graham Bowley & David Jolly
Worries that world oil demand will outstrip global supplies intensified on Thursday, sending ripples through the global economy as oil prices leaped above $135, a new record high.
Investment In Mexico
 Richard Katzman & Jane Rogers
Foreign investment in Mexican real estate is on the rise and many favorable factors conspire to keep this trend moving forward, as investors and developers are increasingly looking to Mexico as a land of opportunity.
Mexican Microlender Sees Growth Despite US Slowdown
 Noel Randewich
Compartamos, which has become one of Mexico's most profitable banks by making tiny loans for family businesses, expects fast growth this year and says an expected U.S. slowdown could even help business.
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