US Truckers Oppose Allowing Long-Haul Mexican Trucks|
The Obama Administration is raising the ire of trucker drivers across the country, by proposing opening U.S. roads to Mexican trucking companies. The proposal would allow long-haul Mexican trucks to move cargo into the United States.
Tycoon Slim's Mining, Real Estate Firms Up in Debut
Shares of Mexican billionaire Carlos Slim's Minera Frisco rose 4.49 in their market debut as investors flocked to get a piece of the metals venture of the world's richest man.
Mexican Finance Minister Sees Peso Stable in 2011
Luis Rojas Mena
Mexico's Finance Minister Ernesto Cordero said on Wednesday that the Mexican peso would be stable in 2011, highlighting local authorities lack of concern about a significantly stronger currency.
Mexico's Walmex Sales Seen Up 3.3 Pct in Dec
Mexico's top retailer Wal-Mart de Mexico is expected to post a 3.3 percent year-on-year rise in December same-store sales, as the country's recovery in consumer spending remains subdued.
Mexico Touts Fastest Job Creation in 14 Years
The Mexican economy in 2010 created a total of 730,348 net new jobs, the highest number in the last 14 years, senior officials said Tuesday.
Mexico's Other Enemy: Obesity Rates Triple in Last 3 Decades
Sizing up the magnitude of Mexico's obesity problem is as simple as visiting a clothing manufacturer. Buyers, including Mexican giant retailers like Soriana and Liverpool, are increasingly asking for "large" and "extra large" sizes, which have all but replaced production of "small" and "medium."
Ixe: Remittances to Increase in 2011
The remittances that Mexicans living abroad, mainly in the United States, sent to Mexico in November 2010 amounted to US$1.6 billion. This figure is a 7.8-percent increase in comparison to the same month in 2009 but is lower by 5.9 percent than the remittances sent in October 2010.
MEXLend Broadens Services on a National Scale
MEXLend, an industry-leading mortgage broker in Mexico, has expanded its services by opening new offices in Riviera Maya and Punta de Mita. As the foremost expert on cross-border lending, MEXLend was the featured speaker at International Living's recent Live and Invest Overseas Conference.
U.S. Changes How It Measures Long-Term Unemployment
So many Americans have been jobless for so long that the government is changing how it records long-term unemployment.
The Media Has Failed Us
Financial media is not helping us become better informed or better investors. These outlets devote too much of their airtime to forwarding partisan propaganda rather than informing or entertaining us. The numbers suggest media is actually misinforming us and turning us into bad investors.
Key Political Risks to Watch in Mexico
Robin Emmott & Jason Lange
Mexico is limping back from a punishing recession while drug war killings continue to climb four years into a government crackdown on traffickers, worrying investors in Latin America's No. 2 economy.
Survey: Social Media Bring Few Customers to Online Retailers
Despite the rush by retailers to ramp up their social media presence, only 5% of online holiday shoppers reported being primarily influenced to visit retail websites by social media, according to customer survey results released last week.
Latin American Stocks Post 12 Pct Gain in 2010
Mexican stocks rose to a record high on Friday as investors bet improving growth in the United States will support local exports, capping a strong year for most of the region's markets.
Mexico's Peso Posts 6 Pct Gain in 2010
Mexico's peso firmed on Friday as the currency notched a 6 percent gain for the year, boosted by a strong recovery in exports to top trading partner the United States.
PAN Pushing for New Junk Food Bill
The National Action Party (PAN) presented a proposal Thursday to the Chamber of Deputies regarding the increase in taxes on junk food in Mexico.
Armored Car Sales Jump as Drug War Batters Mexico
Armored cars and body armor in Mexico are no longer exclusively for government officials, foreign executives and the super rich, as a raging drug war spreads across the country, leading to a spike in orders.
All the Nudes That’s Fit to Print
American Apparel, the Los-Angeles-based clothing company that likes to push the envelope even more than Abercrombe & Fitch, is shaking up the ad and clothing world with an ad that features a drawing of a model who not only is not wearing any of the company’s product but whose main feature is pubic hair, not clothing.
Commemorative Mexico 2010 Banknotes About to Increase in Value
Mexico's mint issued new 2010 commemorative banknotes in MX$100 and MX$200 denominations in honor of the 100 years since the 1910 Mexican Revolution and 200 years since the 1810 Mexican War of Independence. These bills are about to become post-issue banknotes increasing their numismatic value.
Job Market Booming Overseas For Many American Companies
Corporate profits are up. Stock prices are up. So why isn't anyone hiring? Actually, many American companies are – just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat.
Mexico Tycoon Slim Set for Mining, Real Estate Spinoffs
Cyntia Barrera Diaz
Mexican tycoon Carlos Slim is expected next week to list his mining and real estate companies, two growth sectors he is betting on as he expands the business empire that made him the world's richest man.
Assange Nets $1.5 Million Book Deal
With Julian Assange's 15 minutes of fame threatening to cut into royalty revenues, the Wikileaks founder has, for better or worse, decided to monetize on his recent fame.
Turning Failed Commercial Properties Into Parks
In the language of urbanism, “greenfields” usually means rural land at the metropolitan edge, where suburbia metastasizes. “Brownfields” are former industrial sites that could be redeveloped once they are cleaned of pollution. “Greyfields” refer to moribund shopping centers. Recently another such locution was coined: “redfields,” as in red ink, for underperforming, underwater and foreclosed commercial real estate.
Russia Convicts Ex-Tycoon
The Real News Network
Al Jazeera: Oil tycoon found guilty of embezzling $27bn.
The Future Ain’t So Bright for Boomer Retirees
Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they’re hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years.
Tweet to Be Heard Conference 2 May 12th -15th, 2011
You want to engage more interaction with your clients and prospects. Social Media is the number one activity on the Internet. That means your customers are already using them. The question is: are YOU using them to your full advantage, to connect and engage with YOUR customers?
Santander to Buy GE Mexico Mortgages for $162 Million
Banco Santander SA said its Mexican unit agreed to pay 2 billion pesos ($162 million) for the mortgage operations of General Electric Co. to become that country’s second-largest home lender.
Coldwell Banker La Costa Realty Newsletter
Coldwell Banker La Costa Realty
An in-depth analysis of the current condition and trends of the Puerto Vallarta Real Estate market in addition to a feature on Villa Azul, on of the most stunning residential architectural masterpieces in Conchas Chinas just South of PV.
Realty Executives Rocky Point... On The Move
Realty Executives Mexico announces that Broker/Owners John and Kathy Witt of Realty Executives Rocky Point have opened a new office location in the Palmiera Center on freemont Blvd where the Century 21 office was located, acquiring their assests.
The Christmas the Shoppers Came Back
Shoppers came back in force for the holidays, right to the end. After two dreary years, Christmas 2010 will go down as the holiday Americans rediscovered how much they like to shop.
Dirty Tricks in Chevron Ecuador Lawsuit
The Real News Network
In these special reports, we review the struggle of 30,000 people from the Ecuadorian rainforest and their battle against Chevron, trying to get compensation for a series of oil spills that has caused massive ground and water contamination.
Mexico Telecoms May be Fined for Poor Service
Cyntia Barrera Diaz
A company controlled by billionaire Carlos Slim as well as an affiliate of broadcaster Televisa could be lightly fined for providing poor service, a Mexican regulator said on Wednesday.
Rick Wolff & Jeff Madrick: US Economy is Still Broken
Rick Wolff and Jeff Madrick join us in studio for a year-end conversation about the economy - looking forward to 2011, what can we expect?
Mexico-U.S. Produce Trade Hit by Drug War Concerns
U.S. importers of fresh fruits and vegetables from Mexico say they are beginning to face losses from delays after U.S. quality inspectors pulled out of Mexico fearing escalating drug violence.
Mexico Pays Boeing $1B to Build Satellites for Communications, Security
Boeing will team up with the Mexican government and a rival supplier for $1 billion to build a three-satellite system and two ground sites for use in the Central American country's civil communications and national security.
Cuba Expects to Receive 2.5 Million Tourists in 2010
Cuban authorities plan to conclude 2010 with a total of 2.5 million tourists, with an expected growth of 10 percent in the number of tourists for 2011, a senior official of the Ministry of Tourism said on Tuesday.
US Foreclosures on People Who Never Missed a Payment
The Real News Network
Yves Smith: Mortgage service industry makes more money from foreclosures than restructuring debt.
Mexico Retail Sales Rise In October
Retail sales in Mexico grew a seasonally-adjusted 0.67% month-on-month in October, compared to 0.06% increase in September, the statistical office INEGI said Monday.
Bank's Secret Plans - Pre-Paid Debit Cards
Mark DeCambre & Josh Kosman
Some big banks are cooking up a secret plan to alleviate some of the pain the Federal Reserve inflicted yesterday when it proposed to cut so-called swipe fees by as much as 89 percent, The Post has learned.
New Rules Foster Credit Card Security
The new rules on credit cards established by the Central Bank of Mexico (Banxico) provide more protection in case of theft, cloning or loss, the National Commission on Protection of Users of Financial Services (Condusef) said Sunday.