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 Business News
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Deals Lag, as Does Mexico's Oil Output
 Catherine E. Shoichet
Mexico's oil production continues to fall from year-ago levels as the government struggles to implement hard-fought energy reforms designed to boost exploration.
Merging Process Between Aeroméxico and Mexicana Soon
 Víctor Mayen
The Federal Government recently stated that it does not encourage the merger of Aeromexico with Mexicana, but they do not oppose it either. The government declared that it would not interfere with the merging process between the airlines.
Small is Good for Mexican Wal-Mart
 Cyntia Barrera Diaz
Wal-Mart Stores Inc is betting on a tiny supermarket format to spearhead expansion in Mexico, where it will also bolster its bank unit, but it isn't expected to aggressively grow in Central America.
Massive US Bank Failures Due, Says Oversight Panel
 Charlotte Cuthbertson
Close to 3,000 US banks are currently classified as having a risky concentration of commercial real estate loans, according to a recent report by the Congressional Oversight Panel (COP).
Former Mexico President Zedillo to Join Citigroup's Board
 Matt Egan
Citigroup said Friday its shrinking board of directors will see a high-profile new addition: former Mexico president Ernesto Zedillo.
 High US Unemployment Likely for Years to Come
 The Real News Network
Kevin Hall: Bernanke's testimony suggests unemployment at high levels for close to a decade.
Foreign Investment Plunges 50 Percent in Mexico
 Agence France-Presse
Foreign direct investment (FDI) in Mexico fell by 50.7 percent to 11.417 billion dollars in 2009, its lowest level in 10 years, chiefly due to the global financial crisis, the government said.
Mexico, Brazil Pursue Closer Economic Ties
 Juan David Leal
Mexican President Felipe Calderon and Brazilian counterpart Luiz Inacio Lula da Silva took the first step toward a potential strategic accord binding Latin America’s two largest economies.
Mexico's Carstens Not Troubled by Inflation
 Jason Lange, Luis Rojas & Patrick Rucker
The following are highlights of remarks from Mexican Central Bank Gov. Agustin Carstens in an interview with Reuters on the future of monetary policy and the Mexican economy.
2010 International Real Estate Meetings Schedule
 John K. Glaab
The Settlement Company's Certified International Property Specialist, John K Glaab, tells us about some upcoming 2010 real estate events with an international focus, which are hosted/sponsored by the National Association of Realtors and/or one of NAR's cooperating associations or industry alliances.
NH Hoteles Sells 3 Properties in Mexico for $57 Million
 EFE
Hospitality group NH Hoteles has sold three hotels it operated in Mexico under the Hilton brand for $57 million, the company said in a filing Tuesday with Spanish stock market regulator CNMV.
SEC Repeatedly Turned A Blind Eye to Valid Complaints of Madoff Fraud
 Sherwood Ross
The SEC's own Inspector General has found that between 1992 and 2008 the SEC received six substantive complaints about fraudster Bernie Madoff's hedge fund operations yet never conducted a thorough and competent examination of them.
How to Create 18 Million US Jobs
 The Real News Network
Robert Pollin: Reaching 4% unemployment by 2012 is possible.
Mexican Housing Thaw to Push Geo to Three-Year High
 Thomas Black
Corporacion Geo SAB, the Mexican housing company whose shares more than doubled last year, may rise to a three-year high in 2010 as banks boost mortgage lending and the government backs more loans, Credit Suisse Group AG says.
Real Estate Speculators in Puerto Vallarta See Silver Lining
 Jim Scherrer
It's a buyer's market in PV that we've never before witnessed and will probably not see again in the future. There are currently thousands of incredible finished condos available at rock bottom prices.
Money Sent Home to Mexico from Abroad Decreases
 E. Eduardo Castillo
Money sent home by Mexicans abroad plunged a record 15.7 percent in 2009 as migrants worldwide struggled to find work during the global economic slowdown, the central bank reported this week.
Jobless Claims, Inflation Jump as US Economy Wobbles
 Reuters
The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.
New Underground Economy
 Richard W. Rahn
The underground or "black" economy is rapidly rising, and the fault is mainly due to government policies. Here is the evidence.
Employers Take a Beating by Laying Off Employees
Sherwood Ross
It's not only employees who suffer when they get laid off but the firms responsible for handing them the pink slips can take a beating, too.
Mexico Raises 2010 Growth Estimate as Demand Recovers
 Alexander Cuadros
Mexico’s government raised its estimate for 2010 economic growth, citing signs of recovery in internal and external demand after the country’s biggest slump since the Great Depression.
 Pirated Goods Pose Huge Problems In Mexico
 Jason Beaubien
Mexico's multibillion-dollar pirated goods market is worth more than its oil exports and illicit narcotics trade combined. Throughout the country, pirated goods dominate the marketplace, cutting into government tax revenues, discouraging foreign investment and funding organized crime.
Mexico Saw 15% Drop in Tourism Income in 2009
Associated Press
Mexico's revenue from foreign tourism dropped 15% in 2009 amid the global economic downturn and the swine flu epidemic.
Televisa Buys Part of Nextel Mexico
 Adam Thomson
Televisa, Mexico's largest broadcaster, yesterday spelt out its ambitions to expand into the cellular telecommunications market with the purchase of 30 per cent of Nextel Mexico for $1.4bn.
 A.M.P.I. Riviera Nayarita Elects New Board of Directors for 2010
Marilyn Newman
The beautiful residential development, Ikal Vallarta, located next to El Tigre Golf Course in Nuevo Vallarta, was the venue for the recent A.M.P.I. Riviera-Nayarita General Assembly to elect the 2010 Board of Directors: Pres. Tere Kimball, VP Saul Groman, Sec. Norm Nelson, and Treasurer Fay Sloane.
Central America: Women Eke Out a Living in Informal Economy
 Danilo Valladares
According to the third regional report on the labour market in Central America and the Dominican Republic produced by the International Labour Organisation (ILO) and the Central American Integration System (SICA), 64 percent of women in the labour force in the region work in the informal sector, compared to 50 percent of men in the workforce.
Bank of America Forecloses on Houses without Mortgages
 Noel Brinkerhoff & David Wallechinsky
No home is safe from foreclosure, even the ones already paid for. Bank of America decided last year to seize a home in Spring Hill, Florida, owned by Charlie and Maria Cardoso of Massachusetts.
Greece: Cash Business Transactions Over €1500 Will Be Outlawed in 2011
 Reuters
Greece outlined its public sector incomes policy and a tax reform bill, as part of an EU-endorsed plan to increase state revenues and reduce its huge deficit.
Global Partnerships Expands Microfinance Support to Mexico
 Elisa Murray
Global Partnerships (GP), a Seattle-based nonprofit that supports microfinance programs and other sustainable poverty solutions in Latin America, announced that it has expanded its programs to Mexico.
Lawyer Misconduct Rises with US Foreclosure Record
 Paul Elias
Ripoffs of homeowners have become so commonplace that state bar associations from Florida to Arizona are warning their members of the many ethical pitfalls awaiting those who exploit the mortgage crisis.
Mexico Lower House Passes Bill To Regulate Bank Fees, Rates
Ken Parks
Mexico's lower house of Congress has approved legislation that gives the central bank greater authority to regulate the interest rates and commissions that lenders charge, as well as boost competition in the payment processing industry.
Mexico Should Boost Trade with EU: Calderon
 Agence France-Presse
exican President Felipe Calderon said Friday that his country must reduce its economic dependence on neighbouring United States and seek greater trade opportunities with Europe.
Mexico Study Shows Extent of Sales Drop
 Kevin Brass
Everyone knew there had been a steep drop in Mexico second home sales last year. But a new study of the Puerto Vallarta coast line reveals just how far sales fell in new resort developments.
Mexico Regulator OKs Slim Tie-Up, Televisa Buy Plan
 Tomas Sarmiento & Noel Randewich
Mexico's competition regulator approved on Thursday tycoon Carlos Slim's plan to consolidate his fixed-line and wireless assets, a major step in creating a Latin American telecommunications behemoth.
Mexican Airport Operator GAP Posts January Passenger Traffic Decrease of 1.7%
 tradingmarkets.com
Mexican airport operator Grupo Aeroportuario del Pacifico SAB de CV reported on Tuesday that passenger traffic at its airports dropped by 1.7% in January 2010 compared to the same period of last year.
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