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 Business News 
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New Tequilas Pour Forth To Meet Growing Worldwide Demand
 Laurence Iliff
As tequila takes its place alongside fine cognacs in global markets, its popularity is skyrocketing, especially at the high end. And new players are coming into a once-staid industry, including two Texans, a Philadelphia restaurant owner and Sammy Hagar, the former singer of Van Halen.
Mexican Housing Market Poised for Continued Strong Growth
 Thomson Financial
The Mexican housing market is poised for continued strong growth underpinned by a developing mortgage market, Fitch Ratings said in a report.
Mexico to Begin Antitrust Probe of Slim's Companies
 Adriana Arai
Mexico's antitrust chief said regulators will re-open an investigation of billionaire Carlos Slim's telephone companies, Telefonos de Mexico SAB and America Movil SAB, within about three weeks.
Mukesh Ambani is World's Richest Man
 Press Trust of India
Billionaire Mukesh Ambani today became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
Crude Oil Climbs to Record Above $93 as Mexico Halts Production
 Mark Shenk
Crude oil climbed above $93 a barrel in New York for the first time after Mexico shut a fifth of its production and the dollar fell to a record low.
Small Mexican Towns Try to Create Jobs at Home
 Sara Miller Llana
Adriana Cortes believes the locals can help curb migration in Tamaula, Guanajuato, and in rural towns like it throughout the country. Her plan: create small cooperative enterprises to make communities self-sustaining.
Mexico Prepared to Ride Out US Dip
 Martin Wolf & Adam Thomson
Mexico's stronger public finances and low inflation will help it ride out any oncoming US downturn far more successfully than it did in 2000, according to the country's leading economic authority.
Billionaires Up, America Down
 Holly Sklar
When it comes to producing billionaires, America is doing great. Until 2005, multimillionaires could still make the Forbes list of the 400 richest Americans. In 2006, the Forbes 400 went billionaires only. This year, you'd need a Forbes 482 to fit all the billionaires.
Mexico Hikes Interest Rate as Food Inflation Looms
 Noel Randewich & Jason Lange
Mexico's central bank on Friday unexpectedly raised its key interest rate for the first time in six months to dodge a potential spike in inflation caused by high global food prices.
Mexican Migrants Sending Less Money Home
 United Press International
A weaker U.S. economy and increased enforcement against illegal immigrants means less money is flowing south to poor families in Mexico.
Mexico Has Enough Oil: Kessel
 Prensa Latina
Mexican Energy Minister Georgina Kessel assured Friday that Mexico has enough oil, and adding reserves and prospective resources, it has almost 100 billion barrels of crude oil.
Gulf of Mexico Oil Accident Is Deadliest in 43 Years
 Andres R. Martinez & Patrick Harrington
The collision of a Petroleos Mexicanos oil rig and a floating platform during a storm this week was the deadliest offshore accident in the Gulf of Mexico in 43 years, with at least 18 workers killed and seven missing.
Immigrants Sent $68 Billion Home in 2006: Study
 Caribbean360.com
Over 29 million people emigrate abroad from Latin America and the Caribbean; and for small and economically dependent countries migration constitutes one quarter of their population.
Volkswagen to Launch Bank in Mexico
 Associated Press
German automaker Volkswagen AG said this week it plans to launch what it is calling the first bank in Mexico with no physical branches.
Casamagna Marriott Puerto Vallarta Resort & SPA Educating Future Generations
 PVNN
CasaMagna Marriott Puerto Vallarta Resort & SPA is one of three hotels in Mexico that has embraced the International Tourism Partnership's Youth Career Initiative program to create career opportunities for disadvantaged young people.
Mexican Consumer Protection Agency Fines Grounded Local Airline
 Associated Press
Budget airline Lineas Aereas Azteca, grounded six months ago for safety problems, has been fined 4.5 billion pesos (US$416 million; €292 million) for failing to correct the problems or refund airfare for canceled flights to consumers.
Mexico, One of the World's Biggest Oil Producers, is Running Out
 Valerie Rota & Patrick Harrington
President Felipe Calderón of Mexico is delivering a grim message: The largest oil producer in Latin America is running out of crude.
Mexico's Telmex 3rd-Qtr Net Profit Up 38%
 Chris Aspin
Telmex, Mexico's dominant fixed-line phone company, posted a better-than-expected 38 percent rise in third-quarter net profit, helped by a one-time charge in the year-ago period and solid growth in Brazil.
Tax Reform: Mexico Marks the Path
 Latin Business Chronicle
Mexico’s first significant tax reform in a decade was crafted by Mexican President Felipe Calderón, thanks to his greater capacity for dialogue and negotiation than former president Vicente Fox, experts say.
Mexico Is Well Prepared to Face U.S. Recession, Carstens Says
 Jeb Blount
Mexico is better prepared to face a recession in the U.S. than ever before and will likely grow faster than the International Monetary Fund expects, Mexico's Finance Secretary Agustin Carstens Carstens said.
Women Without Borders Forum Provides Tools for Doing Business in the U.S., Mexico, and Central America
 PR.com
To help business women maximize business opportunities, the Institute for Women Entrepreneurs has joined forces with MIPEK, the Mexican Consulate, the El Salvador Consulate to present, “Business Women without Borders 2007.” The two-day forum, presented in Spanish with English simultaneous translation, takes place Friday, October 26 and Saturday, October 27 in Anaheim, CA.
Last Minute Bid Drops Aeromexico in Citigroup Consortium's Bag
 Domain-B
Dramatic last minute bids by competing parties have finally resulted in the Mexican government selling its majority stake in airline company, Consorcio Aeromexico, to a group of investors that includes Citigroup's Mexican unit Banamex.
Real Estate Association to Turn 100
 John K. Glaab
In May of 1908, 120 Realtors met to form what would become The National Association of Realtors®. Today, the membership is 1,366,869 with 1442 local associations. Internationally it has cooperating agreements with 71 associations in 55 countries. Mexico of course is one of those countries.
Mexico Micro Finance Lender Independencia Plans IPO This Year
 Ken Parks
Mexican microfinance lender Financiera Independencia SAB, in which HSBC Holdings Plc (HBC) owns a minority stake, plans to list its shares on the local stock exchange later this year.
Scotiabank May Almost Double Mexico Branches in Three Years
 Sean B. Pasternak
Bank of Nova Scotia, Canada's second-largest bank, plans to almost double its Mexican branch network over the next three years to tap growing demand for loans and deposits, the head of the bank's Mexico unit said.
Second-Home Buying Abroad Slows Down
 Tom Kelly
While the subprime market crisis is affecting credit markets around the world, baby boomers and retirees can still find funding for their second homes, especially in countries with a stable political environment and solid infrastructure.
Investment Groups in Bidding War for Mexican Airline Aeromexico
 Lisa J. Adams
Two investment groups launched a bidding war Tuesday for one of Mexico's largest airlines, Aeromexico, after the government announced it would accept the latest offer from a father-son team if it did not receive higher offers by midday.
Business Booms: Latinas Opening Their Own Doors
 Georgia Pabst
From 1997 to 2006, the number of Latina-owned firms increased by 121 percent, according to a study by the Center for Women's Business that analyzed census data. The most dramatic growth has occurred in the border states of Arizona, California, New Mexico and Texas, the center said, but throughout the nation, Latinas own businesses in just about every sector.
Microloans Find Homes in America
 William F. O'Brien
In 1976 an American-trained economist named Muhammed Yunnis in Bangladesh visited a rural village in that South Asian nation where a group of women made furniture. He was curious as to why the women and their families were not prospering despite the fact they were producing quality goods. He found out it was the high rates of interest charged by the local moneylenders that kept them in poverty.
Grupo Posadas Expands Portfolio Of Properties In 2007 - 2008
 HotelInteractive.com
Grupo Posadas, Mexico and Latin America's leading hotel operator, announces the broadening of its current portfolio of ninety-eight properties with the opening of ten new hotels in 2008, as well as the unveiling of AQUA Cancun, the first of three resorts to be introduced under the new modern lifestyle brand, AQUA.
Alaska Airlines, Horizon Air Open 'Airport of the Future'
 PRNewswire
Alaska Airlines and Horizon Air today opened the first phase of their $18 million Airport of the Future check-in facility at Seattle-Tacoma International Airport. The patented design, which replaces traditional ticket counters with customer-friendly islands of check-in kiosks and bag-check stations, reduces customer wait times.
Mexico Lawmakers' Panel OKs '08 Budget Income Bill
 Reuters
The Mexican lower house finance committee approved the government's 2008 budget revenue bill on Tuesday, after amending it to include higher oil price estimates and collections from newly approved taxes.
Fox Sees Latin America, U.S. Flip-Flop on Free Trade
 Jim Landers
Former Mexican President Vicente Fox stopped in Dallas last week on a tour of the United States to sell his memoirs. He cuts a lonely figure as a crusader for economic integration in a country that's lost its political appetite for free trade.
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