|
| |
 Business News
««« Click HERE for Recent Business News
Mexico's 'Supply Center' Takes Hit
 Chris Hawley
For much of the past 27 years, the Central de Abasto stood as a centerpiece of the Mexican economy, but it and similar markets across Mexico are now struggling in the face of changing consumer habits and competition from large chains such as Wal-Mart and Costco.
US, Mexico, Canada Want to Iron Out Regulatory Differences
 Agence France-Presse
The United States, Mexico and Canada agreed Monday to look into streamlining regulatory differences to boost trade under the North America Free Trade Agreement (NAFTA).
US Foreclosures: 'Worst Three Months of All time'
 Les Christie
Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading.
 As Foreclosures Hit All-Time High, Wall Street on Pace to Hand Out Record $140B in Employee Bonuses
 PVNN
The Dow Jones Industrial Average has topped 10,000 for the first time in a year, as JPMorgan Chase reported massive profits in the third quarter.
Mexico Polls: Economy is the Biggest Problem
 Cesar Aguilar
According to recent opinion polls, the majority of Mexicans think the economic crisis is the biggest problem the federal government should be working on, especially as it relates to unemployment, poverty, and the uneven distribution of wealth.
Mexico Big Banks' Balance Sheets Healthy in August
 Noel Randewich
Mexico's biggest banks kept their balance sheets on solid ground in August despite loan defaults and a deep recession that has weighed on their businesses, the country's financial regulator said this week.
 Puerto Vallarta Real Estate Expert Says End of 2009 will be Defined by Low Prices
 bignews.biz
Puerto Vallarta Real Estate expert Jim Scherrer points out that, while sales are low at the moment, there are a lot of condos in the Banderas Bay area being offered at significantly lowered prices, and there's a high level of interest from the international market.
Banks to Make ATM Fees More Transparent
 The News
Mexico's central bank announced new measures to make fees charged at automatic teller machines (ATMs) more transparent, in the latest move to limit banks, which critics say charge excessive rates and fees.
Mexico Banking Commission Approves Walmex’s Store-Based Banks
 Emily Schmall
Wal-Mart de Mexico SAB, Latin America’s largest retailer, received approval to offer banking services in its stores.
Attention Canadians: The Time is Now and the Place is Mexico!
Jim Scherrer
The time has never been better for Canadians to explore the opportunities that exist in Mexico today. In terms of Canadian dollars, you can expect to find incredible condos at 30-35% lower prices than just a year ago and your cost of living will be 20-25% less than it was a year ago.
Fair Trade Will Become Major Trend, Say Mexico Growers
 Emilio Godoy
Thanks to fair trade, Jorge Cetz - a lemon and mango grower from the southeastern Mexican state of Campeche - has gained access to markets and organised his cooperative better. But in order to enhance results under this form of sustainable production and alternative marketing, more support is needed, he said.
More Jobs is the Way Out of Mexico's Poverty
 The News
National leaders from two political parties said last week that the only successful way to fight poverty in Mexico is by spurring the economy and creating jobs.
Mexico’s Opposition PRI Split on Calderon 2% Tax Plan
 Adriana Lopez Caraveo & Jens Erik Gould
Mexican lawmakers from the largest party in the lower house of Congress are divided over President Felipe Calderon’s proposal to create a new 2 percent consumption tax, legislator Jesus Alberto Cano Velez said.
Mexico Peso Has Biggest Weekly Gain Since July on Budget Bets
Andrea Jaramillo
Mexico’s peso had its biggest weekly jump since July on speculation President Felipe Calderon will win congressional approval for tax increases and spending cuts, helping the country avert a credit-rating downgrade.
Mexico Requests WTO Panel on US Meat Labeling Rules
 Associated Press
Mexico is asking the World Trade Organization to settle a dispute over U.S. country-of-origin labeling rules that Mexico says unfairly hurt its cattle industry. Mexico joins Canada, which already requested a dispute settlement panel on the issue.
Wal-Mart de Mexico Net Profits Up 18 Percent in 3Q
Mark Stevenson
Mexico's largest retailer, Wal-Mart de Mexico SA, reported Thursday that net profits rose 18 percent in the third quarter, saying discount prices attracted more recession-squeezed shoppers even as customers spent less on average.
Mexico Prices Rose Less Than Forecast in September
Jens Erik Gould
Mexico’s consumer prices rose less than forecast last month, pushing the annual inflation rate below 5 percent for the first time in more than a year, as prices fell for avocados, tourism packages and air fares.
ExProTur Vallarta 2009 - November 4th-6th
 PVNN
Plans are underway for ExProTur Vallarta 2009, an International exposition for tourist industry service providers in the Puerto Vallarta, Riviera Nayarit and Banderas Bay areas, scheduled to take place at the Puerto Vallarta International Convention Center from November 4th-6th, 2009.
Mexico City to Host International Tourism Fair of the Americas 2010
 fita2010.com
The government of Mexico City has announced the inaugural International Tourism Fair of the Americas (”FITA”) 2010. The event, which will draw destinations and travel and tourism organizations from around the world, will take place in Mexico City from September 23-26, 2010.
Mexican Airport Operator GAP Reports 9.9% Fall in September Passengers
 Trading Markets
Mexican airport operator Grupo Aeroportuario del Pacifico SAB de CV reported on Tuesday that it airports handled 9.9% fewer terminal passengers compared to the same period of last year.
The Mexico Promotional Event to Take Place in San Diego, California
 Ana Bravo
The Mexico Promotional Event, presented by the Mexico Tourism Board and AeroMexico Airlines, will take place at Liberty Station in San Diego on Saturday, November 14th, 2009. The Event will feature exhibitors promoting Mexico travel/tourism, culture, and real estate products from over 20 destinations.
Mexico Real Estate Market Shows Signs of Economic Recovery
 PVNN
As we enter the last quarter of 2009, reports suggest the world economic crisis is over. Here in Mexico, President Felipe Calderon recently stated that several positive signs indicate that economic recovery is beginning, and Mexico will come out of the crisis stronger than ever.
Wal-Mart Bodegas Lift Profit in Mexico
Emily Schmall
Wal-Mart de Mexico SAB, Latin America's largest retailer, is profiting from the worst recession since the 1930s by offering smaller, cheaper products to Mexicans at its Bodega Express shops.
PV Realtors Complete Real Estate II Course
 Marilyn Newman
Several Puerto Vallarta real estate agents recently sat for the exam of the A.M.P.I. approved Real Estate II course in English, which was designed to re-enforce daily professional life and to instruct experienced realtors in certain aspects of real estate law and documentation.
MEXLend Announces a New and Unique Loan Product
 Patrick Harrison
Puerto Vallarta-based MEXLend, an industry-leading mortgage broker in Mexico, recently announced a new, unique and exclusive loan program that allows clients to borrow against their stocks and bonds portfolio - and avoid the sometimes laborious mortgage process.
Mexico September Factory Survey Points to Growth
Patrick Rucker
A Mexican manufacturing sector survey pointed to growth for a third straight month in September in a sign that Latin America's second-largest economy may be emerging from a recession.
Mexico U-Turn Over Film Fund Cuts
 James Young
Mexican president Felipe Calderon is apparently backing down on a proposed 46% cut to the funding of the National Film Institute (Imcine) in the 2010 budget.
Mystery Millions From Mexico Tied Up in US Court
 Del Quentin Wilber
David B. Smith, attorney for a Mexican businessman who discovered a large sum of cash under the floor of his warehouse in 2005, talks about attempts to redeem it.
Boeing Releases Latin American Outlook
 The News
The Boeing Company last week released its current market outlook for 2009, detailing a positive outlook for Latin America.
US Personal Bankruptcies Soar in September
 Reuters
Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday.
HDI-Gerling Looks to Become Top 5 in Mexico Auto Insurance
 Jorge Porter
Germany's HDI-Gerling International (HDI) is aiming to become a top five player in Mexico's auto insurance market, Sergio Bunin, company director for Latin America told BNamericas.
Mexico, U.S. May Reach Health Tourism Agreement
 Hugh Collins
The new rules would boost Mexico’s real estate industry, since easier access to health care makes Americans more inclined to buy homes in the country
U.S. Businesses at Risk of Becoming Targets of Mexican Drug Cartels
 Alejandra Labanca
American interests could become targets of Mexico's drug cartels as Washington deepens its involvement in the war against drugs south of the border, according to a leading global intelligence and security corporation.
|
| |
|
|
|
|
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us
