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President and Bank of Mexico Confirm Commitment to Guaranteeing Better Financial Conditions for Mexicans
 Presidencia de la República
Mexican President Felipe Calderón met with members of the Board of Directors of the Bank of Mexico, led by Guillermo Ortiz Martínez, at the official Los Pinos residence today.
Mexico Plans Huge Baja Port For US Trade
 Marla Dickerson
Mexico's government is setting sail with the largest infrastructure project in the nation's history, a $4-billion seaport that it hopes will one day rival those of Los Angeles and Long Beach.
US Dollar Spikes Higher Against Major Latin American Currencies
 RTTNews
The US currency advanced against its major Latin American counterparts during New York trading on Tuesday. The greenback climbed to 6-day highs against the Brazilian real and the Colombian peso, 1-week high versus the Mexican peso and a multi-week high versus the Chilean peso in this session.
China to Build 50,000 Skyscrapers Within 20 Years
 Dan Stewart
China will build up to 50,000 skyscrapers in the next 20 years, according to one of the world's largest mining companies. Rio Tinto, the Mexican mining giant, has based its forecast of a continuing rise in demand for steel and materials partly on a predicted building boom in China, with the equivalent of 10 New Yorks to be built before 2025.
Mexico's Cantarell Oil Output Falls Again in July
 Cyntia Barrera Diaz
Crude output from Mexico's struggling Cantarell oil field fell for the 10th month in a row in July to 974,000 barrels per day, energy ministry data showed on Tuesday.
Corn Demand Hurts Tequila Industry
 Chris Hawley
The switch to abandon slow-growing agave plants to cash in on corn, beans and other food crops selling for record prices worldwide could limit the supply of tequila and drive up the cost of a shot or a margarita.
Mexicans to Use Cell Phones to Pay Stores, Taxis
 Noel Randewich
Mexicans will soon be able to pay for small purchases such as restaurant meals and taxi rides using their mobile telephones, the country's banks said Monday.
Mexico to Begin Ethanol Production in 2010: ACJ
 Presidencia de la República
In 2010, Mexico will enter the era of ethanol production, with Jalisco in the lead, since it will be the first state where this fuel will be used by vehicles in Guadalajara's metropolitan area.
Mexico Posts $1.081 Billion Trade Deficit in July
 Jason Lange & Noel Randewich
Mexico posted a $1.081 billion trade deficit in July, higher than expected, the national statistics agency said last week. Analysts polled by Reuters had forecast a deficit of $446 million.
Mexico Direct Foreign Investment Drops 20 Percent
 Associated Press
Direct foreign investment in Mexico has fallen and officials blame it partly on the U.S. economic downturn. Mexico's Economy Department says direct foreign investment fell to US$10.5 billion in the first six months of this year.
 Wal-Mart: Political Bully
 Tala Dowlatshahi & David Sullivan
Wal-Mart is one of the world's top 20 economic entities. For years, the retail giant has been plagued by bad press. Now it has to fend off a Wall Street Journal report that it's been politically bullying its employees. ANP headed over to a Wal-Mart in Virginia to ask shoppers what they think.
Mexico's First-Half August Inflation Exceeds Forecast
 Thomas Black
Mexico's inflation exceeded economists' forecasts in the first half of August on higher costs for electricity, eggs, university tuition and gasoline. Consumer prices rose 0.31 percent in the month's first 15 days, the central bank said, exceeding a median estimate of 0.26 percent from 18 analysts surveyed by Bloomberg.
Pinata Makers Facing Charges in Mexico
 United Press International
Six individuals involved with an alleged pinata pirating ring in Mexico have been arrested following a major police effort, authorities say.
How Illegal Immigration Hurts the Mexican Economy
 Jason Meeks
One of the rarely-reported aspects of illegal immigration across the Southern US border is how much it hurts the Mexican economy and its people. Aside from the deaths in the desert and the physical abuse from the coyotes and drug traffickers, the exportation of Mexico’s poverty to the United States prevents Mexico from improving its infrastructure and business climate.
Mexico Government Raises Gasoline Prices Again
Jason Lange
Mexico increased gasoline prices Wednesday for the third time this month, raising concerns that a push by the government to remove expensive fuel subsidies could drive inflation higher.
MexPropertyValues.com Launches Nationwide Luxury Property Valuation Service
 PVNN
If you are in the market to sell your home or condominium in Mexico or have been wondering what your South of the Border real estate is worth, take a moment and go to MexPropertyValues.com for your free property value assessment.
Export Boom Helps Farms, but Not American Factories
 New York Times
Exports are the bright spot this year in an otherwise bleak economy. But the world is not suddenly snapping up made-in-America goods like aircraft, machinery and staplers. The great attraction is decidedly low-luster commodities like corn, wheat, ore and scrap metal.
Mexico's 2009 Budget May Increase 5% From 2008, Lawmaker Says
 Adriana Lopez Caraveo & Thomas Black
Mexico's Congress may approve a 2009 spending plan that's 5 percent higher than this year's budget after discounting inflation, the president of the lower house finance committee said.
More Socialism in Venezuela as Chavez Grabs Cement
 Enrique Andres Pretel
Venezuela seized foreign owned cement plants on Tuesday, a show of strength as President Hugo Chavez moves forward with a plan to make South America's top oil exporter a socialist society.
Burger King Expands in Latin America
 Joachim Bamrud
U.S.-based fast food restaurant chain Burger King is scheduled to release its fiscal year 2008 results this week. The Latin America division will be among the highlights thanks to the chain boasting a new leadership position in the Mexican market.
More Mexico Reforms Necessary
 Joydeep Mukherji
Failure to advance more rapidly with reform runs the risk of turning Mexico’s dependence on oil and emigration into a chronic addiction.
The US Dollar Makes a Comeback
 Dale McFeatters
Almost out of nowhere, the once-ailing U.S. dollar has come storming back. That's good news on several fronts. A stronger dollar will quell simmering domestic inflation, which last month reached a worrisome 5.6 percent over July a year ago, a 17-year high.
Mexican Employees Win Fatter Raises in July
 Reuters
Mexican unions negotiated better wages for their workers in July, suggesting an inflation spike caused by soaring food and energy costs is creeping into the rest of the economy.
Mexico Bank Raises Key Rate for Third Straight Month
 Jens Erik Gould
Mexico's central bank increased its benchmark interest rate for the third straight month while signaling that easing commodity prices and slower economic growth may reduce the need for further tightening.
Drop in Commodity Prices Poses Risks to Latin America
 Reuters
The Latin American economic boom of the past five years could take a hit if prices keep falling for the commodities they produce — from soybeans to oil and metals.
Immigration Raids are Boon to Texas Labor Recruiters
 Christopher Sherman
The largest single-site workplace raid in U.S. history might have cost a kosher slaughterhouse in Iowa nearly half of its employees, but it's been a boon to labor recruiters around the country.
Mexico Announces $1.27 Billion Drainage Tunnel for Sinking Capital
 Associated Press
Mexico announced on Wednesday it will build a $1.27 billion tunnel that will be almost 39 miles long and more than 20 feet in diameter, to help solve the centuries-old drainage problem of the nation's capital.
Incentives Nudge Mexico’s Poor in Right Direction
 Andrew Jack
In a poor district of Mexico City, Fiomena Reyes sends her 12-year-old daughter to school and takes her four-month-old for regular medical check-ups. What is more, she gets paid for it.
Update - Mexico Energy Reform Debate
Adriana Barrera
Latest developments as Mexico's ruling conservatives court opposition lawmakers to approve an energy reform to allow more private investment in the state-controlled oil industry in hopes of bolstering falling output.
Financiera Independencia Reaches One Million Clients
 PRNewswire
Financiera Independencia, a Mexican microfinance lender of personal loans to lower income segment individuals, today announced that it has reached its one million active client milestone.
Japan's Hino Plans to Build Truck Factory in Mexico
 Kiyori Ueno
Hino Motors Ltd., Japan's largest maker of heavy trucks, said it will build a factory in Mexico to boost international sales as domestic demand wanes.
US Dollar's Rally Hurts Mexico Peso; Stocks Rise
 Michael O'Boyle & Inaki Maillard
Mexico's peso weakened sharply on Friday as the dollar rallied against global currencies on growing fears the rest of the world will be affected by the economic slowdown hitting the United States.
Cross-Border Trucking Demonstration Project Extended for 2 Years; U.S. and Mexican Trucks to Continue Participation
 USEmbassy-Mexico.gov
Federal Motor Carrier Safety Administrator, John H. Hill, recently announced that the cross-border trucking demonstration project will be extended for two years as permitted under U.S. law.
Rapid Growth for Spanish-Speaking News in US; Trend Expected to Continue
 Canadian Press
Spanish-speaking news outlets all across the United States have grown to become major players in their markets and all trends indicate that growth is only going to continue.
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