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 Business News
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Mexico's Pemex to Build $9.1 Billion Refinery
 Associated Press
Mexico's state oil company says it will invest $9.1 billion to build its first new refinery in three decades.
We Are on the Right Track to Overcoming Economic Adversity: President Calderón
 Presidencia de la República
President Felipe Calderón declared that thanks to the measures his government has implemented to cope with the world economic crisis, in addition to investors' confidence in the country, encouraging signs in the Mexican economy have begun to emerge.
Mexico Will Press Obama to Offer New Trucking Plan
 Jens Erik Gould
Mexican President Felipe Calderon will urge President Barack Obama at a meeting this week to resolve a trade dispute by pushing Congress to allow Mexican trucks to deliver goods inside the U.S.
Property in Mexico Remains a Safe Investment
 Tom Kelly
Is Mexico safe? In recent weeks, the question has become common. But curiously, many people with second homes in Mexico don't seem too worried about it.
Trump Sues Baja Condo Developers for Buyers’ Lawsuits
 Edvard Pettersson
Donald Trump sued the developers of a Baja California, Mexico, condominium project he licensed his name to, after buyers named him in lawsuits that accused the builders of taking their deposits without starting construction.
US Industry Wants Mexico Trucking Spat Resolved
 Agence France-Presse
More than 150 industrial giants have called on Washington to end a multi-billion-dollar trade dispute over Mexican truckers entering the United States, in a joint letter released Wednesday.
Mexico Recruits Gold Producer
 Bloomberg
Mexico is seeking to attract Barrick Gold Corp., the world's largest producer of the precious metal, to help explore the two-thirds of the country that may contain untapped gold fields.
US Auto Bankruptcies Could Deepen Mexican Downturn
 Michael O'Boyle
Any bankruptcies among U.S. automakers could further batter Mexico's auto industry, push some parts suppliers to the breaking point and spur tens of thousands of layoffs.
PV Wise Wo-Men Discuss Capital Gains Tax
 PVNN
Be sure to join the Wise WoMen of Vallarta at the International Friendship Club on April 22 from 10 am-12 pm for a special program by María O'Connor of Tropicasa Realty about Capital Gains Tax as it relates to real estate sales in Mexico.
US Shoppers Stretch Their Dollars in Mexico
 Hiram Soto
Groceries in Tijuana have always been less expensive than across the border, but the peso's recent slide means shoppers paying with dollars can rack up bigger savings.
 AMPI Riviera Nayarita Assembly Meeting at Villa del Lago
 Marilyn Newman
Local real estate professionals who attended the A.M.P.I. Riviera Nayarita monthly meeting this past Thursday, April 2nd at Villa del Lago in Marina Vallarta, enjoyed a special presentation by Lic. Jorge Careaga about recent SAT changes in the application and reporting of Capital Gains Tax.
In Global Economic Crisis, Mexico Is Resilient
 Louis Nevaer
When the New York Times reached out to Mexican billionaire Carlos Slim for a $250 million loan to keep the newspaper afloat, it became clear to the world what Mexicans already knew: Mexico had been able to avoid the worst of the U.S. economic crisis.
 US Reps Paul, Frank Introduce Bill to Legalize Industrial Hemp
 Stephen C. Webster
One of the earliest plants domesticated by man may be on the verge of a resurgence in popular production across the United States.
Brand Paradise - Rethinking Brand Vallarta
 Daniel Gomez
A destination branding strategy is about much more than a beach ad or a catchy slogan. If a destination like Puerto Vallarta is to survive and flourish, it must clearly articulate a strategy and vision of itself for the future.
Mexican Peso Posts Its Best Weekly Gain Since 1995 on Swap Line
 Valerie Rota
Mexico’s peso rose, posting its best weekly gain since April 1995, after the central bank said it plans to tap a $30 billion swap line with the Federal Reserve.
US Unemployment Jumps to 8.5 Percent, Economy Sheds 663,000 Jobs
 Dean Baker
The unemployment rate jumped to 8.5 percent in March as the economy shed another 663,000 jobs according to the Bureau of Labor Statistics. With the job loss reported for March, and upward revisions of 84,000 for the prior two months, the economy has lost an average of 684,000 jobs per month since November 2008.
Ejido Land FAQ’s
 Mike Hansen
Forward thinking investors realize that the ejido land sector is positioned for prosperity and abundant growth. Its location is perfect, its infrastructure is supportive, and it can be safely purchased at a fraction of its value.
Mexican Businessmen to Open All-American Restaurants in States of Jalisco and Nayarit
 PRNewswire
Juan Carlos Camarena Herrera and Jose Manuel Villanueva have become the newest Johnny Rockets franchisees, the Company announced. The agreement calls for the opening of a minimum of five restaurants during the next five years, opening the first restaurant within calendar year, 2009.
Mexico's Public Finances Stronger than Ever: President Calderón
 Presidencia de la República
Inviting British businessmen to invest in Mexico, President Felipe Calderón said that Mexico's public finances are now stronger than ever, adding that the country has undergone a profound transformation.
Soros: If G20 Fails, Global Depression Ahead
 Gene J. Koprowski
If the G20 meeting of world leaders this week results in nothing but more hot air, billionaire George Soros says all bets are off — the global economy is heading for a huge meltdown.
Mexican Businessmen Flee to US to Avoid Crime
 Associated Press
A Mexican business leader says "a significant number" of businessmen working along the U.S.-Mexican border have transferred their offices to U.S. cities to escape a wave of crime and extortion threats in Mexico.
Mexico Beachfront Real Estate Investment
 Aniruddha Badola
Beachfront Property in Mexico has always been a popular real estate investment option. There is a plethora of real estate investment opportunities in Mexico...
Queen Elizabeth II Offers Support for Mexican Economy
 Presidencia de la República
Queen Elizabeth II told President Felipe Calderón that the United Kingdom will support Mexico's emerging economy to enable it to play a more important role in today’s world.
Education is the Key for Vallarta Real Estate Professionals
 Marilyn Newman
On Friday, March 13, 2009, Vallarta Real Estate agents were awarded diplomas for the first A.M.P.I. board certified Real Estate I course endorsed by the Instituto de Formación para el Trabajo del Estado de Jalisco (I.D.E.F.T.)
New Crop of Job Hunters (With Microsoft Résumés)
 Julie Bick
With Microsoft’s stock price now below $20 a share, any stock options granted in the last 10 years have little to no value, and the outright stock grants have lost value. So rather than leaving on their own terms for a new adventure, some recently separated employees are now looking for any professional job they can get.
Mexican Companies Hampered by Poor Telecoms: OECD
 Noel Randewich
Mexico suffers from having too few competitors in sectors like television, cement, beer and soft drinks. But weak competition in the telecoms industry is especially blamed for slowing down the country's economic development.
Cuba Boosts Retirement Age as Population Goes Gray
 Will Weissert
Cuba's government raised the retirement age by five years, to 60 for women and 65 for men. Sweeping poverty forces most of Cuba's 2.2 million retirees to do the same: Retire, collect a small pension, then get a new job that allows them to keep a steady income in old age.
Mexico Studying Plan to Issue Stock in Pemex
 Andres R. Martinez
Mexico’s government is considering issuing shares in state-owned Petroleos Mexicanos that would trade locally and offer dividends based on the company’s performance, Reuters reported, citing two unidentified sources.
The Puerto Vallarta Municipal Employment Fair
 Vallarta Opina
Pursuing his goal of improving the welfare of local families in Puerto Vallarta and to contribute to the creation of new and better job opportunities, Puerto Vallarta Mayor Javier Bravo inaugurated the 8th Municipal Employment Fair this past week.
Mexico Rebels at Credit Card Rates, Mulls Limits
 Mark Stevenson
Millions of first-time credit card holders remade Mexico in recent years, buying everything from diapers to DVD players on credit and spurring a boom in consumer spending and bank profits. Many now regret it.
Trade Experts Support Mexico
 Latin Business Chronicle
Experts say Mexico was right to retaliate for U.S. violations of NAFTA and warn against rising protectionism in the United States.
Mexican Tycoon Slim Gets the Wax Treatment
 Cyntia Barrera Diaz & Tomas Sarmiento
He runs one of the world's biggest cell phone companies, has Auguste Rodin sculptures lining his museum, and is rumored to be courting a queen. So what's left on Carlos Slim's to-do list?
Calderon Looming Defeat May Hurt Mexico, Moody’s Says
 Valerie Rota
Mexico’s credit rating could be hurt by a defeat for President Felipe Calderon’s National Action Party in mid-term congressional elections, said Mauro Leos, a sovereign analyst at Moody’s Investors Service.
Mexico Treasury Seeks Measure Favoring Citigroup
 Associated Press
Mexico’s Treasury Department confirmed that Mexican law bans foreign governments from holding stakes in local banks, but said it would ask the nation’s congress to amend the law to permit participation in cases of emergency.
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