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Gang that Cloned Credit Cards Busted in Mexico
 IANS/EFE
Four Venezuelans who allegedly cloned credit cards in the Riviera Maya, a resort area on Mexico's Caribbean coast, have been arrested, police said.
Santander's Mexico Unit Aims To Take Loan Market Share In 2010
 Ken Parks
Mexico's fourth-largest banking concern Grupo Financiero Santander SAB expects to take market share in lending in 2010 after shrinking its loan portfolio during last year's recession, a top executive said Wednesday.
 Mexico Suffers as U.S. Economy Struggles
 Jason Beaubien
In 2009, Mexico experienced the largest decrease in money sent home by migrants ever recorded by Mexico's central bank. Remittances from migrants working primarily in the United States dropped by nearly 16 percent.
Mexico: Big and Small Firms Harness Sun's Rays
 Emilio Godoy
It was Isabel Cortés, the family matriarch, who started the project. In 1990, she started looking for a way to market xoconostle, the sour variety of the nopal cactus fruit that is abundant in this arid part of central Mexico.
Canada: Sales Halt Ordered for Thousands of Natural Health Products
 Tom Blackwell
Makers of natural-health products say they are bracing for widespread layoffs and millions of dollars in losses after Canada's pharmacy regulators issued a surprise directive recently urging druggists to stop selling unlicensed natural remedies.
U.S., Mexico Closer to Resolving Trucking Dispute
 Mica Rosenberg
Congress could be moving closer to allowing Mexican trucks to haul cargo through the United States, helping to end a trade dispute hurting some exporters, the U.S. Trade Representative said on Monday.
US Bancorp, Santander Partner To Tap Mexico's Card Market
Ken Parks
Elavon, the payment-processing arm of U.S. Bancorp, said Tuesday it has formed an alliance with Spanish banking giant Banco Santander SA to tap Mexico's growing card payment market.
Mexico to Produce 22% of the Region's Power
 Companiesandmarkets.com & OfficialWire
The newly published Mexico Power Report forecasts that the country will account for 22.03% of Latin America regional power generation by 2014, with a developing power surplus available for export to the US.
Mexico One of World's Best Investment Destinations, declares President Calderón
 Suzanne Stephens Waller
The Presidency reports that during his official working visit to Japan, Mexican President Felipe Calderón met with the directors of the Japanese firms Mitsubishi Corporation, Panasonic and Toyota.
Mexico Maintains 2010 Growth Forecast at 3 Pct
 Robin Emmott
Mexico kept its 2010 economic growth forecast at 3 percent for 2010 on Friday, despite more favourable predictions by the International Monetary Fund and economists, but said it could revise it upward at a later date.
Fiesta de Garibaldi Call to Vendors
 Tina Roesler
Food and crafts vendors of all kinds are invited to apply for a spot at the 28th Annual Fiesta de Garibaldi. As part of Tucson’s Tucson International Mariachi Conference it will take place at Reid Park on April 24, 2010, 10 am - 10 pm.
Mexico's Self-Employed Confident in SAR
 The News
The number of independent workers enrolled in the Retirement Savings System (SAR) doubled last year compared to 2008, despite an economic crisis that sent employment in many areas plunging, officials said Thursday.
President Calderón Announces Support for Tortilla Industry
 Suzanne Stephens Waller
This week, President Felipe Calderón launched the new tortilla chain, Mi Tortilla, in order to strengthen and continue to support the country’s small and medium businesses, since they create jobs for Mexicans.
Calderon’s Party May Try to Cut Mexico Sales Tax, Lawmaker Says
 Adriana Lopez Caraveo & Jens Erik Gould
Mexican President Felipe Calderon’s party may propose a cut in the value-added tax while broadening the tax base to maintain revenue, the party’s vice coordinator in the lower house of Congress said.
Obama to Announce High-Speed Rail Plan
 Julie Pace
A day after delivering a State of the Union address aimed at showing recession-weary Americans he understands their struggles, President Barack Obama intends to award $8 billion in stimulus funds to develop high-speed rail corridors and sell the program as a jobs creator.
HSBC Bank to Invest $700 Million More in Mexico
 Associated Press
The Mexican government says the British-based bank HSBC will invest $700 million to increase the operating capital of its Mexico subsidiary by about 30 percent.
Canada's Long Road to Mining Reform
 Cyril Mychalejko
Rape. Murder. Corruption. Environmental contamination. Impunity. These are just some of the charges and incidents that have plagued Canadian mining operations abroad for years. Now one Canadian lawmaker has taken on the Herculean challenge of legislating mining reform in a country that has traditionally acted like a parent in denial.
2010 Difficult Year for Employment in Mexico City
 The News
The Secretary of Mexico City's Labor Secretariat, Benito Mirón Lince, acknowledged that 2010 will be a difficult year in terms of unemployment throughout the city but it is thought it will not be as bad as 2009 since the unemployment rate is not likely to exceed the 8.6 percent of 2009.
Mexico's Exports Rise 23% in 2009
 MENAFN
Mexico's National Statistics Institute, or Inegi, reported a smaller-than-expected trade deficit of $248 million in December as exports jumped 23 percent year-on-year to $22.94 billion, AP reported.
Mexico Crude Output Slide Slows in 2009
 Robert Campbell
Mexican oil production fell for the fifth year in a row last year but the pace of the slide slowed and output rose in December from November, according to data released by state oil monopoly Pemex on Friday.
PokerTek Looks to Expand Globally
 Charlotte Business Journal
PokerTek Inc. plans to start marketing and distributing its PokerPro automated poker tables to markets in other countries. PokerTek recently installed its first PokerPro table in Mexico at the Emotion Bingo gaming property in Puerto Vallarta.
Mexico’s Messmacher Says at Least 3% Growth Likely
 Jens Erik Gould
Miguel Messmacher, chief economist at Mexico’s Finance Ministry, said there is a “very high” probability that the country’s economy will grow more than 3 percent this year.
Mexico Domestic Car Sales Fall in 2009
 The News
Mexico is one of the countries with the largest car production and sales in the world. However, in 2009, Mexico registered the largest drop regarding domestic sales in spite of having the potential to sell approximately two million cars per year.
 Obama Takes on Wall Street?
 The Real News Network
Gerald Epstein: Regulations announced by President Obama don't prevent "too big to fail" banks.
UN: Mexico's Economic Recovery Will be Slow
Associated Press
The U.N.'s annual economic forecast says Mexico's close trade ties with the U.S. and falling oil production will make it more difficult for the country to rebound from recession in 2010.
Mexico Prices Rise More Than Expected at Mid-Month
 Jens Erik Gould
Mexico’s consumer prices rose more than forecast in the first half of January as the cost of gasoline and subway fares increased.
Mexico Economy Rides on Drugs
 Lizbeth Diaz
Mexican cartels, which control most of the cocaine and methamphetamine smuggled into the United States, bring an estimated $25 billion to $40 billion into Mexico from their global operations every year. To put that in perspective: Mexico probably made more money in 2009 moving drugs than it did exporting oil, its single biggest legitimate foreign currency earner.
Forum on the Future of Energy
 The Real News Network
A climate change conversation between Don Blankenship, chairman and CEO of Massey Energy, and Robert F. Kennedy Jr., president of Waterkeeper Alliance and an environmentalist.
Mexican Tycoon Gives $65 Million to Genetic Study
 E. Eduardo Castillo
Telecommunications mogul Carlos Slim pledged $65 million Tuesday for genetic research on cancer, type 2 diabetes and kidney disease.
Mexico Should Push to Double Pension Contributions
 Jose Enrique Arrioja & Carlos Manuel Rodriguez
The Mexican government should require companies and employees to more than double their pension contributions to bolster retirement incomes and the economy, said Oscar Franco, head of the pension association.
Mexico's 2009 Tequila Production Down 20%, Exports Flat
 Anthony Harrup
Mexican tequila production fell sharply last year after a bumper 2008, while exports were practically unchanged from a year earlier, according to the Agriculture Ministry.
Update: Punta Colonet Port and Riviera Maya Airport Plans
 Omar González
The Secretariat of Communications and Transportation (SCT), the leading agency of networks and communication channels in Mexico, plans to redesign the bidding processes for two of last year’s major projects: Punta Colonet in Ensenada, Baja California; and the construction of the airport in the Riviera Maya.
US Congress Sets Job Creation as Top Goal for 2010
 Thomas Ferraro
With about one in 10 Americans out of work, the highest percentage in 25 years, President Barack Obama's fellow Democrats - who control the Senate and House of Representatives - are making job creation their top priority.
Tax Obligations for Foreigners in Mexico - Death and Taxes... Both are Inevitable!
Linda Neil
Whether a property owner or just the occasional visitor on a beautiful beach in Mexico, everyone pays taxes, natives and foreigners. Some of the taxes are hidden and others are not. The purpose of this article is to touch on some of the important taxes levied and paid in Mexico.
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