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Despite World Economic Crisis, Mexico will Increase Social Expenditure to Support Poorest Families
 Presidencia de la República
President Felipe Calderón reported that in the Expenditure Budget Bill for 2009, submitted to Congress, Federal Government proposed an 11% increase in spending on social development and a 25% increase in social welfare programs.
US Dollar's Value Finally Up Abroad
 Arthur Frommer
In the current economic gloom, there's a ray of travel-related sunshine: the increased strength of the U.S. dollar. Though no one can explain exactly why, the dollar has risen against every major foreign currency other than the Japanese yen, and it has increased substantially against some of them
Making Money from Loonies and Pesos
 Jack Crooks
I’ve clearly laid out my reasons why the U.S. dollar has rallied sharply versus most of the world’s currencies... and why it’s got a lot of room left to climb. Today I want to spend a little more time talking about two currencies that haven’t been getting a lot of attention — the Canadian dollar and the Mexican Peso.
Mexico Sells Off Extra 1.5 Bln Dlrs in Fight Against Falling Peso
 Agence France-Presse
Mexico's central bank sold off an extra 1.5 billion dollars Thursday in a bid to stabilize the falling peso, which changed hands at 13.23 to the dollar in late trading.
Mexico Peso, Stocks Pounded by US Recession Fears
 Michael O'Boyle
Mexico's peso weakened sharply Wednesday after a new batch of U.S. economic data reinforced views the United States, Mexico's top trading partner, is facing a recession despite efforts to rescue its banks.
Mexico to Probe Firms Involved in Derivatives Losses
 Cyntia Barrera Diaz & Noel Randewich
Mexico will probe whether companies that suffered steep losses last week when peso derivatives bets went bad broke rules by not keeping investors informed, Finance Minister Agustin Carstens said on Tuesday.
Brazil Oil Dethrones Mexico
 Energy Tribune
Mexican lawmakers, scrambling to turn around their declining oil industry, have a model to follow in Brazil, which outshines other Latin American countries in new regional rankings.
Latin America Stocks Plunge as US Shares Slide
 Associated Press
Latin American stocks plunged Wednesday as European and US shares slipped and currency losses spread.
Fall Resort and Recreational Property Update for Mexico
 John K. Glaab
Dr. Lawrence Yun, Chief Economist for the National Association of Realtors reminds us that the low level of housing starts and the pent up demand for real estate will create a return to better market conditions in Mexico's second home market.
Mexico's Peso Rises on U.S. Plan to Inject Capital Into Banks
 Michael J. Moore
Mexico's peso rose for the third day, the longest winning streak in three weeks, as the U.S. government announced a plan to inject capital into banks, sparking demand for higher-yielding, emerging-market assets.
World Stocks Soar as Credit Markets Ease
 Pan Pylas
Stock markets in Europe and Asia rose strongly for a second straight day Tuesday after Wall Street rallied from its worst week ever on mounting evidence that government attempts to shore up the world's battered financial system are beginning to thaw frozen credit markets.
Mexico's Banks' Credit Outlook Could Worsen - Moody's
 Noel Randewich
The credit outlook for Mexico's banks has deteriorated and conditions could get worse as the economy loses steam, but they are in good shape to ride out the global credit crisis, Moody's ratings agency said.
Mexico Central Bank Will Probably Keep Rate Steady
 Jens Erik Gould
Mexico's central bank will probably keep its benchmark interest rate unchanged this week on concern that inflation may accelerate even as economic growth slows.
Latin America Economy: Mixed Outlook
 Latin Business Chronicle
Despite the Wall Street meltdown, Latin America's overall economic growth remains largely on track, according to new projections from the International Monetary Fund. Brazil, the region's largest economy, should grow by 5.2 percent this year.
Mexico Peso Gains Most in 13 Years, Brazil Real Most Since 2002
 Michael J. Moore
Mexico's peso rose the most since 1995 and Brazil's real had its biggest gain in six years as an unprecedented push by central banks to flood the global financial system with dollars buoyed demand for higher-yielding assets.
GEO Comments on Current Market Conditions
 PRNewswire
GEO, one of Mexico's leading low-income housing developers, would like to take this opportunity to update the market about its current foreign exchange exposure/financial profile, and to confirm that its business model remains intact.
 Worst Week Ever on World Markets
 The Real Network
Timothy Canova says its time to nationalize the big banks.
Mexico Companies Will Face More Expensive Credit Due to Crisis
 Jens Erik Gould & Kathleen Hays
Mexican credit markets will probably tighten as local companies that can't borrow in the U.S. seek funding closer to home, Deputy Central Bank Governor Guillermo Guemez Garcia said.
US Stocks Slide in Turbulent Trading
 Graham Bowley & David Jolly
Amid unrelenting pessimism about the health of the global economy and world governments' ability to solve the financial crisis, stocks swung wildly on Friday, with the Dow Jones industrial average down 370 points, or 4.3 percent, by early afternoon in New York, continuing this week's aggressive sell-off.
Mexico Auctions Six Bln Dollars to Fight Peso's Fall
 Agence France-Presse
Mexico's Central Bank said it had auctioned six billion dollars Friday, in two sales of three billion dollars, in the latest move to support the tumbling peso.
Mexico's Peso Declines for Eighth Day as Global Markets Plunge
 Michael J. Moore
Mexico's peso weakened for an eighth day as world financial markets plunged and central bank efforts yesterday failed to stem investor demand for the safety of U.S. dollars.
Mexico Could Slip Into Recession on Exports, Credit
 Lizbeth Diaz & Jason Lange
Mexico could fall into a recession because trouble in the U.S. economy is hitting demand for its exports and a global credit crisis is putting strain on companies, analysts said.
US Retirement Accounts Have Lost $2 Trillion
 Julie Hirschfeld Davis
Americans' retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress' top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers' nest eggs.
Mexico Unveils Emergency Spending to Combat Crisis
 Olga R. Rodriguez
President Felipe Calderon on Wednesday unveiled plans for 53 billion pesos ($4.4 billion) in emergency spending on roads, schools, hospitals and an oil refinery next year to help Mexico combat the world financial crisis.
Global Markets Plunge
 David Jolly, Bettina Wassener & Keith Bradsher
Another wave of relentless selling washed over global markets Wednesday, with stocks plunging in Europe and Asia. The Tokyo market had its worst decline since the 1987 crash.
Mexico Revising Economy Outlook Amid Global Crisis
 Jason Lange
Mexico is revising its economic outlook in the wake of the global financial crisis, a top official said, while reiterating that the country's banking system is solid.
Mexico's Political Parties Agree to Draft Bill on Oil Contracts
 Adriana Lopez Caraveo & Jens Erik Gould
Mexican lawmakers have agreed to begin drafting a bill that would allow the state oil monopoly to contract with private domestic and foreign companies for exploration and production.
Congress Grills Lehman Boss Over $500 Million Wages
 Agence France-Presse
US lawmakers Monday grilled the head of Lehman Brothers demanding he justify some 500 million dollars he had earned since 2000, as well as huge bonuses sought for top executives even as the bank failed.
Mexican Peso has Biggest Pct Drop in Over a Decade
 Michael O'Boyle & Lizbeth Salazar
Mexico's peso plunged on Monday in its biggest one-day drop in over a decade and stocks sank on fears the global economy was lurching into recession despite efforts to halt worldwide financial panic.
Southern California's Foreclosure Alley
 KCET.org
SoCal Connected tracked down some surreal sights associated with the crisis - a company that specializes in removing whatever people leave behind in their foreclosed homes.
Oil Firms Gloomy Over Mexico's Reform Prospects
Robert Campbell
International energy companies' hopes of tapping Mexico's oil reserves are dimming as President Felipe Calderón's oil reform proposal faces dilution by opposition parties in Congress.
The Golden Parachute Survives
 Mike Lillis
For supporters of the Bush administration's $700-billion Wall Street bailout, it stands as a key selling point: a provision that limits pay packages for the heads of companies helped by the taxpayer-funded rescue program. There's just one problem: It would do little to cap executive pay or rein in the enormous retirement packages.
Central American States Vow to Promote Regional Economy
 Xinhua
Member states of the Central American Integration System (SICA) Saturday agreed to launch a joint campaign to promote regional economic development and seek possible alternatives to ease the impact of the U.S. financial crisis.
Mexico Tourism Agency May Lead Development of Gulf Coast Resort
 Thomas Black
Mexico's federal tourism fund may spend as much as 5 billion pesos ($416.9 million) to buy land and build infrastructure for a beach resort on the Gulf of Mexico that could attract more than $4 billion in private investment.
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