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 Business News
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Brazil-Mexico: Free Trade to Reduce Dependence
 Fabiana Frayssinet
Presidents Luiz Inacio Lula da Silva of Brazil and Felipe Calderón of Mexico agreed Monday to explore the possibility of a free trade agreement as part of a strategy to reduce their dependence on the industrialised world.
Port Colonet Bidding for September
 The News
The construction of a giant deep-sea port on the shores of Baja California was greenlighted on Monday by secretary of Communications and Transport (SCT) Juan Molinar Horcasitas who foresees auctioning the construction contract next month.
Mexico's VW Workers Declare Strike for Higher Pay
 Edmundo Velazquez
Workers at Volkswagen AG's plant in Mexico – the only one in the world turning out the company's trademark new Beetle – went on strike Tuesday after negotiations for a salary increase collapsed.
Mexico: A Glimmer of Good News in a Gloomy Economy
 Geri Smith
The country is expected to turn in the worst economic performance of any major Latin American nation this year. That's largely because Mexico sends more than 80% of its exports to the U.S., where demand has collapsed.
Concentration of Wealth in Hands of Rich Greatest On Record
 Daniel Tencer
The wealthiest 10 percent of Americans now have a larger share of total income than they ever have in records going back nearly a century — an even larger amount than during the Roaring Twenties, the last time the US saw such similar disparities in wealth.
Report: Chrysler to Build Fiat 500 in Mexico
 Associated Press
US automaker Chrysler, which has partnered with Italian Fiat as part of its bankruptcy plan, is considering producing Fiat 500 subcompact cars at its plant in Mexico, The Wall Street Journal reported Monday.
San Diego Hosts Mexico Promotional Event
 TheMexicoEvent.com
Want to know more about Mexico? Come to The Mexico Promotional Event and meet with experts in tourism, travel, business and real estate at the new Liberty Station Convention Center in San Diego, California on November 13 and 14, 2009.
 Battle for the Amazon: People Vs the Government
 The Real News Network
The largest indigenous movement in decades battles to save the Amazon Basin from oil exploitation.
U.S., Mexico Probe Oil Thefts From Mexican Company
 Erwin Seba
The U.S. and Mexican governments are probing a scheme to steal millions of dollars worth of crude oil and refined products from Mexico's state-owned oil company and sell it to U.S. refiners, a U.S. official said on Monday.
Mexico: Falling Oil Could Greatly Worsen Recession
Associated Press
Mexico's finance secretary is warning that falling oil production and prices may push the already cash-strapped nation into its worst economic recession in 30 years.
US Bought Oil Stolen from Mexico
 Martha Mendoza
U.S. refineries bought millions of dollars worth of oil stolen from Mexican government pipelines and smuggled across the border, the U.S. Justice Department told The Associated Press – illegal operations now led by Mexican drug cartels expanding their reach.
Important Deadline for U.S. Taxpayers
 Linda Neil
U.S. taxpayers are required to file certain reports with the US government if they own property in Mexico, have a business in the country, or are shareholders in Mexican corporations. A voluntary disclosure program has been instituted for those who've never reported.
Mexico-U.S. World Cup Game Threatens Televisa Sales
 Jens Erik Gould & Carlos Manuel Rodriguez
Mexico’s national soccer team takes a losing record into a World Cup qualifying match against the U.S. this week. Another defeat may mean lower profits for Mexican broadcasters Grupo Televisa SAB and TV Azteca SA de CV.
Female Supervisors More Susceptible to Workplace Sexual Harassment
 Jackie Cooper
Women who hold supervisory positions are more likely to be sexually harassed at work, according to the first-ever, large-scale longitudinal study to examine workplace power, gender and sexual harassment.
iTunes' Mexico Launch Could Shake Up Digital Market
 Ayala Ben-Yehuda
An expected surge in smart-phone sales could bode well for the iTunes music store's belated entry into Latin America. And that, industry observers hope, could help jump-start the region's mobile-centric digital music market.
Investing South of the Border
 Jim Scherrer
Those of us that have been fortunate enough to be invested in Mexico during the past decade have fared very well. Even though we’ve felt the impact of the financial downturn during the past couple of years, our Mexican stocks and Mexican properties have more than doubled in value while those in the US have lagged well behind.
Calderon to Press Obama to Solve Trucking Dispute
 Doug Palmer
Mexican President Felipe Calderon will press President Barack Obama Sunday for a quick resolution to a cross-border trucking dispute that prompted Mexico to retaliate on $2.4 billion of U.S. goods.
Mexico States May Issue Bonds to Bolster Finances
 Jens Erik Gould & Carlos Manuel Rodriguez
Mexico’s state governments may issue bonds to lessen the impact of a decline in their revenue amid the global economic crisis, said Mexico City Finance Minister Mario Delgado.
Half of US Homeowners Headed for Deep Trouble
 Al Yoon
The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
Deputies Demand Shake-Up in Pemex
The News
Federal deputies from several parties are demanding Mexican Petroleum (Pemex) remove corrupt employees or overhaul its hierarchy, after growing allegations that Pemex's own are robbing oil.
Puebla Launches Female-Only Taxi Service
 The News
During the next few days, Puebla's State Secretariat of Communications and Transportation will begin a female-only taxi service in the capital.
U.S. Business Frustrated with Obama on Mexico Trucks
 Doug Palmer
U.S. business groups are growing increasingly frustrated with President Barack Obama's failure to resolve a cross-border trucking dispute with Mexico they say has threatened thousands of American jobs.
 Latest Trends in Fiscal Agrarian Reform
 Marilyn Newman
A seminar entitled 'Latest Trends in Fiscal Agrarian Reform' provided by Attorney Jorge Carreaga, Notary four and twelve of Nayarit, was recently hosted by the three Banderas Bay area A.M.P.I. chapters for their members and affiliates.
President Calderón Announces Creation of 32,000 Jobs During June-July Bimester
 Presidencia de la República
President Felipe Calderón declared that Mexico will overcome the international economic crisis through the unity and efforts of Mexicans as borne out by the creation of 32,000 new jobs registered in the Mexican Social Security Institute during the June-July bimester.
Octopus Season has a Slow Start
 Notimex
While first statistical reporting on the octopus market will be issued at the end of this week, the coastal fishermen of Campeche reported a low catch on the first day of octopus fishing Sunday.
Crossing From Mexico Into the United States About to Get Easier
 Daniel Silva
One adverse impact of increased US border security is that bottlenecks are created at the border in the distribution pipeline of products and travelers between the two countries. Enter the much anticipated Anzalduas International Bridge set to open in October 2009 and connecting Mission, Texas to Reynosa, Mexico.
Regulating Mexico's Upstream
Javier Estrada
BNamericas spoke to CNH commissioner Javier Estrada to hear his perspective regarding how the body will tackle Mexican E&P.
U.S. and Mexico Need to Smooth Out Sweetener Trade
 Rene Pastor
The U.S. and Mexico must eliminate possible distortions in sweetener trade between them caused by a free trade pact, a senior U.S. sugar industry official said.
Pushed by Recession, Millions Make Dramatic Job Changes
 Paul Davidson
Millions of Americans are making dramatic career turnabouts in this withering recession as a range of industries — including those involving cars, finance, real estate and construction — are shedding hundreds of thousands of jobs, many of which analysts say likely won't return for years, if ever.
Startup Company Brings Wastewater Purification
 Bronson Pettitt
Purification and bottled water have been big business in Mexico for decades, but one company hopes to enter with an alternative that may change how water is used.
NAFTA Trade Takes Record 35.4 Percent Dive
 JOC
Trade using surface transportation between the United States, Canada and Mexico dropped 35.4 percent in May, the largest year-over-year decline on record for the North American Free Trade Agreement partners,.
Mexico Loses Almost 600,000 Jobs Since June 2008
 Associated Press
Mexico's Treasury department says the country has lost 596,200 jobs since June 2008, a 4.1 percent decline as of June of this year.
Valerie Rota
 Valerie Rota
Mexico’s peso fell after the central bank said remittances declined in June for an eighth straight month, reducing dollar flows into the Latin American country.
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