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 Business News
Microloan Program Would Help Mexico
 Kathleen Reilly
A microloan program similar to that developed by 2006 Nobel Peace Prize winner Muhammad Yunus and his Grameen Bank for Bangladesh could be part of solution of the U.S.-Mexico illegal-immigrant problem.more »»»
Mexico Economy Minister Garcia Says U.S. Needs Immigrant Labor
 Patrick Harrington
Mexican Economy Minister Sergio Garcia de Alba said a proposed 700-mile (1,125-kilometer) border wall could disrupt trade between the two countries and lead to a shortage of farm laborers in the U.S.more »»»
INARE Prepares for November Meeting
 recyclingtoday.com
Recyclers wishing to stay in touch with the secondary commodities industry in Mexico will have the chance to do so at the INARE Congress and Expo, taking place Nov. 16-17 in Puerto Vallarta, Mexico.more »»»
Mexican 10-Year Peso Bond Climbs as Inflation Concerns Ease
 Valerie Rota
Mexico's 10-year peso bond rose the most in two weeks on expectation the increase in consumer prices during September was temporary and will abate by yearend. Central bank Governor Guillermo Ortiz said the inflation rate will fall below 4 percent by December as the prices of agricultural products drop.more »»»
Mexican Homebuilders Set for Growth Under Calderon
 Reuters
Homebuilders in Mexico, already enjoying a boom, are poised for more strong growth with president-elect Felipe Calderon's promise to expand mortgage lending to low-income segments.more »»»
Huge Baja Project May Chill Others' LNG Plans
 Gary Polakovic
In the high-stakes competition to import natural gas from across the Pacific to California, one San Diego-based company has such a commanding head start that it could determine whether others can stay in the race.more »»»
Mexico Mega-Port Plan Key to 'NAFTA Superhighways'
 WorldNetDaily.com
There are mixed signals coming from Mexico about the fate of a proposed mega-port in Baja California for mainly Chinese goods that would be shipped on rail lines and "NAFTA superhighways" running through the U.S. to Canada.more »»»
Top Ten Geek Business Myths
 Ron Garret
Since I've started my new career as a venture capitalist I have become keenly aware of some of the classic mistakes that geeks make when trying to raise money for a new business. Instead of writing the same comments over and over again I thought I'd try to summarize some of the mistakes that people make when they decide to try to turn their bright ideas into money.more »»»
Mexican Stocks Rise to New Record, Peso Flat
 Reuters
Mexican stocks rose to record territory for a second straight session on Thursday as investors bet on another strong earnings reporting season in Mexico, traders said. The IPC stock index (.MXX) rose 0.78 percent to 22,279 points.more »»»
Tomato Prices Put a Squeeze on Mexico
 Marla Dickerson
If it were a B-movie instead of an economic threat, it might be called the Attack of the Killer Tomatoes. But a recent Mexican government report isn't joking about the latest menace to the economy. Damaging storms have sent tomato prices ballooning like the mutant veggies in the 1978 cult classic.more »»»
Mexican Stocks Tumble from Record Highs
 Reuters
Mexican stocks tumbled from record high territory on Monday, pulled down by retailer Wal-Mart de Mexico and cellphone firm America Movil. The IPC stock index, which was pushed to record levels last week by signs the U.S. economic slowdown might not be as severe as previously thought.more »»»
Fruit Left to Rot as US Farmers Struggle with Labor Shortage
 Rob Woollard
Tougher US-Mexico border controls are having an acute impact on American produce growers, farmers groups say, with tonnes of fruit and vegetables left rotting amid crippling labor shortages.more »»»
Upbeat US News Enlivens Mexico Markets
 El Financiero
Good economic news released in the United States Tuesday picked up spirits on the stock exchanges, which extended an upward swing begun Monday. The consumer confidence indicator in the United States posted higher than analysts' expectations, which motivated traders Tuesday.more »»»
Squeezing Border Business
 Brady McCombs
The nation's pursuit of a sealed border would cost taxpayers and businesses tens of billions of dollars. It would require new fencing, technology and additional agents, and would mean lost revenue for border businesses.more »»»
Mexicans Oppose Privatization
 Prensa Latina
Faced with the Mexican rightwing attempts to privatize the energy resources, there will be national resistance to avoid that denationalization, Mexico´s Congress senators warned.more »»»
Mexican Leftists Protest in Wal-Mart Stores
 Xinhua
Mexico's leftists staged protests in several Wal-Mart stores in the Mexican capital on Sunday, accusing the U.S. retail giant of exploiting workers and supporting President-elect Felipe Calderon.more »»»
WB: Mexican Economy at a Standstill
 Prensa Latina
Mexico is one of the countries with higher economic inequality comparable to that of Botswana in Africa, revealed an analysis of the Chamber of Deputies based on the most recent report issued by the World Bank (WB).more »»»
Resort Market in Mexico Still Hot
 Evelyn Iritani
Neither the cooling American housing market nor tense Mexican presidential politics so far has stemmed the influx of foreign dollars into Mexico's booming coastal resort areas, government and real estate officials said.more »»»
Latin American Firms Eye U.S. Market
 Deborah Yao
Hispanics in the United States are expected to spend nearly $800 billion this year. By next year, their economic power should top $863 billion - outpacing blacks as the biggest spending minority group in the country, according to a recent study.more »»»
Mission: To Reconcile America and the World
 Corine Lesnes
Keith Reinhard is a famous ad man from Madison Avenue. Former president of the ad agency DDB, he has founded an association to attempt to stem the anti-Americanism that has won over the planet: Business for Diplomatic Action.more »»»
Mexico Economy Can Weather U.S. Downturn, Finance Minister Says
 Guillermo Parra-Bernal & Patricia Hidalgo
The Mexican economy can weather an economic slump in the U.S., its biggest trading partner, as building and manufacturing drive growth, Finance Minister Francisco Gil Diaz said.more »»»
Saks to Open First Mexico Store
 Reuters
Saks Inc. plans to open its first Saks Fifth Avenue store in Mexico next September and may open more stores in the country to add profit as the luxury retailer works to improve its U.S. operations.more »»»
Mexican Pension Funds Buy Bonds on Calderon Victory
 Valerie Rota & Adriana Arai
Mexico's biggest pension funds are increasing their holdings of government bonds, anticipating that President-elect Felipe Calderon will deliver on his promise to keep inflation under control.more »»»
Mexican Farmers Seek Details on Port Project
 Diane Lindquist
Leaders of collective farming groups whose land will be needed for a huge new container port at Punta Colonet say they're in the dark about plans for the Mexican government development.more »»»
Ricardo Salinas Pliego Settles Case with S.E.C.
 Elisabeth Malkin
The billionaire tycoon Ricardo Salinas Pliego and the Securities and Exchange Commission of the United States reached a settlement on Thursday in the first lawsuit against a foreign company under the corporate governance rules of the Sarbanes-Oxley Act.more »»»
Grupo Aeroportuario del Pacifico Reports Passenger Traffic Increase of 5.7% for August
 PRNewswire
Grupo Aeroportuario del Pacifico, S.A. de C.V. (NYSE: PAC) today announced terminal passenger traffic figures for the month of August 2006 compared to traffic figures for August 2005.more »»»
Banamex and Western Union Extend Mexican Alliance
 Newswire
Mexican bank Banamex, a unit of Citigroup, has extended its alliance with The Western Union Company to facilitate consumer money transfers to and from Mexico for another seven years.more »»»
DHL Invests in Domestic Mexican Air Network
 Melissa Campanelli
International express and logistic company DHL said on Sept. 1 that it has invested $21 million in its a domestic air network in Mexico. This will increase DHL’s cargo capacity by 40 percent and speed delivery to more domestic destinations.more »»»
Banks Dabble in International Money Transfers
 Getahn Ward
Historically, many U.S. banks have offered international wire transfer for fees between $20 and $40, but processing can take up to a week depending on the destination, and the service isn't always reliable. A few years ago, banks began rolling out new offerings to compete with companies such as Western Union.more »»»
Hispanics Urged to Marshal Economic Firepower
 Hildy Medina
While Hispanic-owned businesses are the fastest growing economic sector in the country, they still make up only a fraction of the mainstream economy for reasons ranging from not having access to capital to not knowing how to start a business, Hispanic leaders reported at the National Latino Congreso in Los Angeles Thursday.more »»»
Vast Oil Pool Tapped in Gulf of Mexico
 Brad Foss
A trio of oil companies led by Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost the nation's reserves by more than 50 percent.more »»»
La Entrada Planners Watch Mexican Presidential Race
 Bob Campbell
This week's announcement of the new president of Mexico will be a big factor in the development of La Entrada al Pacifico trade corridor, Mexican oil exploration by American companies and other such issues, according to diplomatic and business spokesmen on both sides of the border.more »»»
Hands Off Our Tequila, Mexico Says
 Chris Aspin
Mexico's national pride, bruised time and again by a steady invasion of U.S. investors and culture, took another blow when one of its finest tequila makers was swallowed up by an American company.more »»»
The Very Real NAFTA Superhighway
 Joseph Farah
I'm getting a little tired of know-nothing Washington officials acting like they know something. Or maybe it's a case of know-something politicians hiding something. Either way, it's not funny any more. But I'll report, you decide.more »»»
Oil Prices Fall as Supply Concerns for Gulf of Mexico, Iran Recede
 AFP
Oil prices fell by more than 2.00 dollars a barrel as concerns eased on Tropical Storm Ernesto's threat to Gulf of Mexico energy production. The fall in prices also reflected a reaction to statements from Iran over the weekend that appeared to demonstrate the Islamic Republic's willingness to negotiate over its disputed nuclear program, analysts said.more »»»
Remittances to Mexico Increase 23%
 Associated Press
Mexicans living abroad sent $11 billion home in the first half of 2006, an increase of 23 percent over the same period last year, the government news agency Notimex reported Friday.more »»»
Mexican Mine Workers May Go on Strike
 Associated Press
The leader of a hard-line faction of the Mexican mine workers' union warned this week that more strikes would be called unless the government recognizes an ousted union leader.more »»»
Houston to Host Mexico Travel and Real Estate Expo
 Ted Donovan
Want to know more about Mexico? Do you want to expose your Mexico-based business to US tourists, travel/real estate experts and the media? Then don't miss the Mexico Travel & Real Estate Expo at the George R. Brown Convention Center in Houston.more »»»
US Recession Will Be Nasty and Deep, Economist Says
 Rex Nutting
The United States is headed for a recession that will be "much nastier, deeper and more protracted" than the 2001 recession, says Nouriel Roubini, president of Roubini Global Economics.more »»»
Path to Become Citizens Backed
 John Moritz
Texas' largest business lobby and the Democrat-dominated Mexican American Legislative Caucus joined forces Wednesday to embrace a plan that would encourage citizenship for undocumented workers who steer clear of trouble and take steps to assimilate into American culture.more »»»
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