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Mexico's Cemex Sees Strong Sales, Eye on U.S. Market
 Gabriela Lopez & Cyntia Barrera Diaz
Mexico's Cemex, the world's No. 3 cement maker, said on Sunday it sees fourth-quarter revenue up 30 percent but warned that weakness in the U.S. residential market remains a concern.
Mexico Court Says Cananea Copper Strike Can Go On
 Mica Rosenberg
A Mexican court said on Friday that a four-month strike at Grupo Mexico's Cananea copper mine can continue, a lawyer for the company said. More than 1,000 workers walked off the job at the Cananea mine in Sonora state on July 30, halting its output of copper, silver and gold.
Inflation Seen Hanging Over 2008 World Economy
 Steven C. Johnson
nflation is shaping up to be a serious threat to financial markets and the world economy next year and the timing couldn't be worse, money managers at the Reuters Investment 2008 Outlook Summit said.
Mexico to Auction Road, Port, Airport Contracts
 Tomas Sarmiento
Mexico will auction off three packages of roads in 2008 alongside contracts for a major port and an airport to serve the booming Riviera Maya beach resort area, the government said this week.
Mexico has Potential Oil Reserves of 53.8 Billion Barrels
 IANS
Mexico has potential oil reserves of some 53.8 billion barrels, but it will take about $14.5 billion annually to exploit them, the Mexican energy secretariat has said.
Mexico Stocks Drop After US Inflation Data
 Jason Lange
Mexican stocks fell on Friday as stronger-than-expected inflation data in the United States fueled uncertainty about prospects for further interest rate cuts by the U.S. Federal Reserve.
High-Season Numbers Point to Promising Year for Tourism and Real Estate in Mexico
 PRNewswire
As the high season for travel to Mexico kicked off on Thanksgiving weekend, early indicators are that both tourism and the second-home market remain strong despite recent setbacks in the U.S. economy.
Mexico's Top Mortgage Lender Wants More Builders
 Noel Randewich
Mexico's housing industry, recently one of the country's most dynamic sectors, is losing steam and needs more regional players in order to meet huge demand, the country's top mortgage lender said on Tuesday.
Mexican Sugar Industry Anxious Ahead NAFTA Opening
 Mica Rosenberg & Frank Jack Daniel
Three weeks before the United States and Mexico lift the last barriers to trade in sweeteners, sugar mill owners and cane farmers south of the border are worried they are in poor shape to compete.
Mexico Sees Private Mortgage-Backed Debt Surging
 Noel Randewich
Mexico expects private-sector issues of mortgage-backed securities to double in 2008 amid an ongoing boom in the housing industry and increased demand from local and foreign investors.
Mexican Peso Declines After Fed Lowers Rate by Quarter Point
 Valerie Rota
Mexico's peso fell, halting six straight days of gains, after the Federal Reserve cut the benchmark U.S. lending rate by a quarter-point, less than some traders expected.
Mexico Says US Government to Recognize Its New Corporate Tax
 Anthony Harrup
A new minimum corporate tax that forms the backbone of Mexico's fiscal reform passed by Congress in September will be recognized by the U.S. government for purposes of avoiding double taxation, the Finance Ministry said Monday.
Peru: US Senate Approves FTA
 WW4 Report
On Dec. 4 the US Senate voted 77-18 to approve the Peru Free Trade Agreement. The House of Representatives ratified the treaty on Nov. 8, and the approval process now only requires the signature of US president George W. Bush.
How Stable is Mexico's Mortgage Industry?
 Patrick Harrison
With the current mortgage crisis in the United States, how stable is the relatively young mortgage industry in Mexico? David Schwendeman and Terence Reilly, founders of MEXLend Mortgage Brokers in Puerto Vallarta, examine several key aspects.
Mexico Senators Begin Pemex Reform Talks
Noel Randewich
Mexican senators began hammering out a modest reform of the struggling energy sector this week, possibly loosening the barriers to private-sector participation. A proposal for energy reform could be made in Congress when it convenes in February, ruling party Sen. Fernando Elizondo and other lawmakers told Reuters.
Help for the Retirement-Challenged
 Ben Popken
There's a huge gap between many Americans' perceptions of what life in retirement will be and the practicalities of what their finances will allow. The former is often a time of limited work, relaxation, and enjoying the twilight years of life, while the latter forces decisions about working longer, relying more on relatives, and doing without.
Businesses Want Foreign Labor Visa Plan to Grow
 Dane Schiller
There are jobs few from around here can do, like replace Chinese-born Yao Ming of the Houston Rockets. And then there are jobs nobody from around here wants to do, like replace Mexican-born Audencio Quijano, who pitches tents and shovels dung for Circus Hermanos Vazquez.
Fundacion Teleton Mexamerica Helps Disabled Children and Families
 BusinessWire
Together with Fundacion Teleton Mexamerica, The Western Union Company announced a partnership to provide zero transfer fee money transfers within the U.S. - identified as "Teleton Mexico" - in support of this year's 11th annual Teleton fundraiser.
Mexico Holds Rate Steady as US Downturn Looms
 Noel Randewich
Mexico held interest rates steady on Friday, putting aside inflation fears as concern over a possible U.S. slowdown weighed against any immediate tightening. In its monthly monetary policy review, the central bank kept its overnight lending rate at 7.50 percent.
International Unions Gather in Mexico to Fight State-Owned Oil Company's 'Corrupt' Union
Lisa J. Adams
Labor advocates and union organizers from the Americas vowed Friday to transform Mexican state-owned oil company Petroleos Mexicanos' allegedly corrupt and repressive union and replace it with an organization that better represents workers.
Raw Sugar Costlier in Mexico
 Andres R. Martinez
The price of raw sugar in Mexico has risen 12 percent since sugar-cane growers stopped deliveries to protest the lifting of import restrictions on sweeteners that sent domestic cane prices plunging.
Mexico's Soriana to Buy Gigante Stores
 Reuters
Mexican retailer Soriana said on Thursday it was buying more than 200 Mexican and U.S. stores from supermarket operator Gigante, sending Gigante shares up 14 percent.
Baja Feels the Effects of US Housing Downturn
 Diane Lindquist
The U.S. housing slump has spread south across the border, dampening a coastal real estate boom boosted in recent years by Americans snatching up vacation and retirement homes in Baja California and elsewhere in Mexico.
Mexico's Bolsa Advances on U.S. Rates, Economy: Latin Stocks
 William Freebairn & Alexander Ragir
Mexico's Bolsa index rose for a seventh day, its longest winning streak since March, on speculation a Federal Reserve interest rate cut and a growing economy in the U.S. will spur demand in the biggest market for Mexican exports.
New Way to Target 'Lock-And-Leave' Lifestyle
 Tom Kelly
What's new in Puerto Vallarta condos? Want to see the latest San Diego high rise? No longer do you have to wait for a national road show to get a feel for new developments around the world.
Merida, Mexico: Variety and Value for Investors
 Beth Anderson
The city of Merida, on the Yucatan Peninsula in Mexico, is gaining a reputation as a hot spot for international investors. With a culturally rich historic district just ten minutes away from the modern north side of the city, there is something for every investor’s palate.
Calderon Vows to Keep Mexican 2008 Inflation Under 4%
 Adriana Arai
Mexican President Felipe Calderon said he will use "responsible" policies to keep inflation under control in the face of rising prices for oil, corn, wheat and other commodities on international markets.
Mexican Farmers Struggle to Survive
 Claudia Melendez Salinas
In the last 13 years, 2 million peasants left Mexico's countryside in search of better opportunities in larger employment centers in Mexico or in the United States, according to Mexico's Statistics Institute.
Mexican Jean Factory Workers Win Union
 No Sweat
Despite employer harassment and intimidation, mass firings, and threats of a factory closure, on Friday, November 23, workers at the Vaqueros Navarra jean factory in Tehuacan, Mexico stood up to their employer and voted in favour of the independent September 19 Union.
10 Fast-Growing Global Giants to Watch
 CNNMoney.com
Johnson Electric, Grupo Bimbo and Larsen & Turbo probably don't ring a bell in the United States, but American corporations better pay close attention to these fast-growing global rivals. China, India, Mexico and Brazil are home to some of the fastest-growing global companies that could soon topple old industry leaders.
Mexico Launches Probe Into Tycoon's Telecom Empire
 Jason Lange & Tomas Sarmiento
The Mexican government said on Friday it launched two antitrust probes into its telecommunications sector dominated by billionaire Carlos Slim, by some accounts the world's richest man. The investigation is the first of its kind into Slim's flagship company, America Movil.
Mexican Government Expects Labor Reform Next Year
 Jason Lange
Mexican Labor Minister Javier Lozano said this week he expects Congress to pass a reform of labor laws next year to make the job market more flexible. The reform would build on government efforts to bolster Mexico's economic growth by making it more competitive.
Saks Fifth Ave. Opens in Mexico City
 Jeff Miller
Saks Incorporated has expanded its international presence by opening its first Saks Fifth Avenue store in Mexico today. The tri-level, 150,000 square foot store is located in the Santa Fe Shopping Center, an upscale development in Mexico City.
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