BanderasNews
Puerto Vallarta Weather Report
Welcome to Puerto Vallarta's liveliest website!
Contact UsSearch
Why Vallarta?Vallarta WeddingsRestaurantsWeatherPhoto GalleriesToday's EventsMaps
 NEWS/HOME
 AROUND THE BAY
 AROUND THE REPUBLIC
 AMERICAS & BEYOND
 BUSINESS NEWS
 TECHNOLOGY NEWS
 WEIRD NEWS
 EDITORIALS
 ENTERTAINMENT
 VALLARTA LIVING
 PV REAL ESTATE
 TRAVEL / OUTDOORS
 HEALTH / BEAUTY
 SPORTS
 DAZED & CONFUSED
 PHOTOGRAPHY
 CLASSIFIEDS
 READERS CORNER
 BANDERAS NEWS TEAM
Sign up NOW!

Free Newsletter!
Puerto Vallarta News NetworkBusiness News

««« Click HERE for Recent Business News
Deals Lag, as Does Mexico's Oil Output
Catherine E. Shoichet

Mexico's oil production continues to fall from year-ago levels as the government struggles to implement hard-fought energy reforms designed to boost exploration.

Merging Process Between Aeroméxico and Mexicana Soon
Víctor Mayen

The Federal Government recently stated that it does not encourage the merger of Aeromexico with Mexicana, but they do not oppose it either. The government declared that it would not interfere with the merging process between the airlines.

Small is Good for Mexican Wal-Mart
Cyntia Barrera Diaz

Wal-Mart Stores Inc is betting on a tiny supermarket format to spearhead expansion in Mexico, where it will also bolster its bank unit, but it isn't expected to aggressively grow in Central America.

Massive US Bank Failures Due, Says Oversight Panel
Charlotte Cuthbertson

Close to 3,000 US banks are currently classified as having a risky concentration of commercial real estate loans, according to a recent report by the Congressional Oversight Panel (COP).

Former Mexico President Zedillo to Join Citigroup's Board
Matt Egan

Citigroup said Friday its shrinking board of directors will see a high-profile new addition: former Mexico president Ernesto Zedillo.

High US Unemployment Likely for Years to Come
The Real News Network

Kevin Hall: Bernanke's testimony suggests unemployment at high levels for close to a decade.

Foreign Investment Plunges 50 Percent in Mexico
Agence France-Presse

Foreign direct investment (FDI) in Mexico fell by 50.7 percent to 11.417 billion dollars in 2009, its lowest level in 10 years, chiefly due to the global financial crisis, the government said.

Mexico, Brazil Pursue Closer Economic Ties
Juan David Leal

Mexican President Felipe Calderon and Brazilian counterpart Luiz Inacio Lula da Silva took the first step toward a potential strategic accord binding Latin America’s two largest economies.

Mexico's Carstens Not Troubled by Inflation
Jason Lange, Luis Rojas & Patrick Rucker

The following are highlights of remarks from Mexican Central Bank Gov. Agustin Carstens in an interview with Reuters on the future of monetary policy and the Mexican economy.

2010 International Real Estate Meetings Schedule
John K. Glaab

The Settlement Company's Certified International Property Specialist, John K Glaab, tells us about some upcoming 2010 real estate events with an international focus, which are hosted/sponsored by the National Association of Realtors and/or one of NAR's cooperating associations or industry alliances.

NH Hoteles Sells 3 Properties in Mexico for $57 Million
EFE

Hospitality group NH Hoteles has sold three hotels it operated in Mexico under the Hilton brand for $57 million, the company said in a filing Tuesday with Spanish stock market regulator CNMV.

SEC Repeatedly Turned A Blind Eye to Valid Complaints of Madoff Fraud
Sherwood Ross

The SEC's own Inspector General has found that between 1992 and 2008 the SEC received six substantive complaints about fraudster Bernie Madoff's hedge fund operations yet never conducted a thorough and competent examination of them.

How to Create 18 Million US Jobs
The Real News Network

Robert Pollin: Reaching 4% unemployment by 2012 is possible.

Mexican Housing Thaw to Push Geo to Three-Year High
Thomas Black

Corporacion Geo SAB, the Mexican housing company whose shares more than doubled last year, may rise to a three-year high in 2010 as banks boost mortgage lending and the government backs more loans, Credit Suisse Group AG says.

Real Estate Speculators in Puerto Vallarta See Silver Lining
Jim Scherrer

It's a buyer's market in PV that we've never before witnessed and will probably not see again in the future. There are currently thousands of incredible finished condos available at rock bottom prices.

Money Sent Home to Mexico from Abroad Decreases
E. Eduardo Castillo

Money sent home by Mexicans abroad plunged a record 15.7 percent in 2009 as migrants worldwide struggled to find work during the global economic slowdown, the central bank reported this week.

Jobless Claims, Inflation Jump as US Economy Wobbles
Reuters

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

New Underground Economy
Richard W. Rahn

The underground or "black" economy is rapidly rising, and the fault is mainly due to government policies. Here is the evidence.

Employers Take a Beating by Laying Off Employees
Sherwood Ross

It's not only employees who suffer when they get laid off but the firms responsible for handing them the pink slips can take a beating, too.

Mexico Raises 2010 Growth Estimate as Demand Recovers
Alexander Cuadros

Mexico’s government raised its estimate for 2010 economic growth, citing signs of recovery in internal and external demand after the country’s biggest slump since the Great Depression.

Pirated Goods Pose Huge Problems In Mexico
Jason Beaubien

Mexico's multibillion-dollar pirated goods market is worth more than its oil exports and illicit narcotics trade combined. Throughout the country, pirated goods dominate the marketplace, cutting into government tax revenues, discouraging foreign investment and funding organized crime.

Mexico Saw 15% Drop in Tourism Income in 2009
Associated Press

Mexico's revenue from foreign tourism dropped 15% in 2009 amid the global economic downturn and the swine flu epidemic.

Televisa Buys Part of Nextel Mexico
Adam Thomson

Televisa, Mexico's largest broadcaster, yesterday spelt out its ambitions to expand into the cellular telecommunications market with the purchase of 30 per cent of Nextel Mexico for $1.4bn.

A.M.P.I. Riviera Nayarita Elects New Board of Directors for 2010
Marilyn Newman

The beautiful residential development, Ikal Vallarta, located next to El Tigre Golf Course in Nuevo Vallarta, was the venue for the recent A.M.P.I. Riviera-Nayarita General Assembly to elect the 2010 Board of Directors: Pres. Tere Kimball, VP Saul Groman, Sec. Norm Nelson, and Treasurer Fay Sloane.

Central America: Women Eke Out a Living in Informal Economy
Danilo Valladares

According to the third regional report on the labour market in Central America and the Dominican Republic produced by the International Labour Organisation (ILO) and the Central American Integration System (SICA), 64 percent of women in the labour force in the region work in the informal sector, compared to 50 percent of men in the workforce.

Bank of America Forecloses on Houses without Mortgages
Noel Brinkerhoff & David Wallechinsky

No home is safe from foreclosure, even the ones already paid for. Bank of America decided last year to seize a home in Spring Hill, Florida, owned by Charlie and Maria Cardoso of Massachusetts.

Greece: Cash Business Transactions Over €1500 Will Be Outlawed in 2011
Reuters

Greece outlined its public sector incomes policy and a tax reform bill, as part of an EU-endorsed plan to increase state revenues and reduce its huge deficit.

Global Partnerships Expands Microfinance Support to Mexico
Elisa Murray

Global Partnerships (GP), a Seattle-based nonprofit that supports microfinance programs and other sustainable poverty solutions in Latin America, announced that it has expanded its programs to Mexico.

Lawyer Misconduct Rises with US Foreclosure Record
Paul Elias

Ripoffs of homeowners have become so commonplace that state bar associations from Florida to Arizona are warning their members of the many ethical pitfalls awaiting those who exploit the mortgage crisis.

Mexico Lower House Passes Bill To Regulate Bank Fees, Rates
Ken Parks

Mexico's lower house of Congress has approved legislation that gives the central bank greater authority to regulate the interest rates and commissions that lenders charge, as well as boost competition in the payment processing industry.

Mexico Should Boost Trade with EU: Calderon
Agence France-Presse

exican President Felipe Calderon said Friday that his country must reduce its economic dependence on neighbouring United States and seek greater trade opportunities with Europe.

Mexico Study Shows Extent of Sales Drop
Kevin Brass

Everyone knew there had been a steep drop in Mexico second home sales last year. But a new study of the Puerto Vallarta coast line reveals just how far sales fell in new resort developments.

Mexico Regulator OKs Slim Tie-Up, Televisa Buy Plan
Tomas Sarmiento & Noel Randewich

Mexico's competition regulator approved on Thursday tycoon Carlos Slim's plan to consolidate his fixed-line and wireless assets, a major step in creating a Latin American telecommunications behemoth.

Mexican Airport Operator GAP Posts January Passenger Traffic Decrease of 1.7%
tradingmarkets.com

Mexican airport operator Grupo Aeroportuario del Pacifico SAB de CV reported on Tuesday that passenger traffic at its airports dropped by 1.7% in January 2010 compared to the same period of last year.


What's Hot!
101 Hottest
Check out our 101 Hottest People Places and Things Around the Bay for the best local insider tips. Click Here
Vallarta Pet Parade

playmore

Adopt a Pet from the Vallarta Animal Shelter.
Click HERE to see this week's picks.
Classifieds
Buy, sell, or trade just about anything under the sun, and you can place YOUR ads with us here at BanderasNews for free. Click Here!
·Real Estate
·Rentals
·Employment
·Services
·Other Stuff
·Personals
·Wanted!


In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving
the included information for research and educational purposes • m3 © 2008 BanderasNews ® all rights reserved • carpe aestus