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 Business News
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Mexico Inflation Slows for Fourth Month as Supermarkets Compete on Prices
 Jonathan Levin & Jens Erik Gould
Mexico’s consumer prices rose less than economists forecast in July and annual inflation slowed for the fourth straight month amid competition at supermarkets.
 Mexico Tourism Board Launches Advertising Campaign in North America
 Business Wire
The Mexico Tourism Board has launched an advertising campaign in the United States and Canada to inspire visitors to explore the wide variety of offerings that have long made Mexico the top foreign tourist destination for North Americans.
Mexico Says Not to Rescue Failing Private Airline
 Xinhua
The Mexican government will not bail out Compania Mexicana de Aviacion (CMA), a private airline facing a debt crisis, Mexican Economy Minister Bruno Ferrari late last week.
Riviera Nayarit Creates Networks to Attract Business Tourism at WEC in Vancouver
 RivieraNayarit.com
Riviera Nayarit recently attended the World Educational Congress in Vancouver, where they interacted directly with 170 world-class event and convention organizers, introducing their tourist offerings at the Trade Show to over 3000 industry professionals.
Judge Grants Mexicana Bankrupcty Protection
Agence France-Presse
Mexico's Mexicana de Aviacion, one of the world's oldest airlines, was granted bankruptcy protection Thursday, enabling it to continue operations as it steers through its rough financial state.
Mexico Delays Deepest Planned Offshore Oil Well
 Timothy Gardner
Mexico's state oil company Pemex will delay its deepest-ever offshore well until next year due to concerns about deepwater drilling in the wake of the BP Plc oil spill, a top regulator said Thursday.
Mexico Airport Group GAP July Passenger Traffic Rose 11%
 Paul Kiernan
Mexican airport operator Grupo Aeroportuario del Pacifico, or GAP, said Thursday that passenger traffic at its 12 airports rose 11% in July from a year ago, to slightly more than 2 million.
Mexico Added More Than 45,000 Formal Jobs in July, Led by Retail, Services
 Jens Erik Gould
Mexico created 45,697 formal jobs in July as employers in the retail, manufacturing and services industry added positions, Finance Minister Ernesto Cordero said.
Drug War Puts Mexican Oil Industry on Defensive
Robert Campbell
State oil monopoly Pemex is struggling to sidestep mounting lawlessness in remote areas of northern Mexico, underscoring how the country's escalating drug war has touched a once relatively immune industry.
Mexico July Consumer Confidence Unexpectedly Falls
 Jason Lange & Caroline Stauffer
Mexico's consumer confidence index unexpectedly fell in July for the first time in five months in a potential setback to the country's recovery from recession, data from the national statistics agency showed on Wednesday.
PEACE Announces New Microfinance Organization
 Mar Moller
For 2 years, PEACE has been building a microfinance organization to provide capital and business development skills to Banderas Bay area microenterprises. Two weeks ago, ¡Sé Más! was officially launched, offering quality financial services that respond to the needs of low income families.
Mexico: Remittances Drop 4 Pct in 1st Half of 2010
 Associated Press
Mexico's central bank says the amount of money migrant workers sent home in the first half of 2010 fell 4.1 percent compared with the same period last year.
Mexico Will Have as Many as Nine IPOs Through Next Year, Bolsa CEO Says
 Andres R. Martinez & Jonathan Roeder
Mexico will have as many as nine more initial public offerings through the end of next year, said Luis Tellez, chief executive officer of Bolsa Mexicana de Valores SAB.
Mexicana Seeks Creditor Protection in Mexico, U.S.
Cyntia Barrera Diaz & Chelsea Emery
Troubled Mexicana de Aviacion has filed for creditor protection in Mexico and the United States after management and employees failed to agree on wage and staff cuts to keep the debt-ridden airline flying.
Mexico Growth Forecasts Rise in July Cenbank Poll
 Jason Lange
Growth forecasts for the Mexican economy rose for the ninth straight month in July, with analysts predicting an acceleration in private investment and job creation, a poll conducted by the central bank showed.
BP Tries to Limit Payouts
 The Age
BP will begin its legal offensive this month to cap its liabilities from the Gulf of Mexico disaster by offering those affected one-off compensation payouts in return for them waiving the right to sue.
Craftswomen Weave a Better Future Out of Recycled Garbage
 Daniela Pastrana
On the southern edge of Mexico City's sprawling metropolitan area is a craft centre that is part of the local cooperative "Mitz", where they use recycled material to make bags, coin purses, date books, picture frames, Christmas decorations and accessories, having achieved a monthly production of about 3,000 craft items.
500 Pilots, Flight Attendants March in Mexico City
Associated Press
More than 500 pilots and flight attendants with financially troubled Mexicana de Aviacion demonstrated inside Mexico City's airport on Sunday to protest possible layoffs or salary reductions.
Controversial Cosmetics Inspired by Violent Mexican City
 Nicholas Casey
It’s a rare thing for a cosmetic company to apologize for its own bad makeup, but then again, it’s a rare thing for a makeup line to be named after the murder capital of Mexico.
1st.Co Internet Marketing Awarded Prestigious Domain for .CO Founders Program
 1st.Co Internet Marketing
1st.Co Internet Marketing was chosen by CO Internet S.A.S to receive and market 1st.Co, a spectacular, brand specific, tier one domain.
US Homes Keep Falling Into Foreclosure as Programs Fail to Help
 Tony Pugh
More than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures continues to tear at the core of the American dream.
Protest Against Canadian Mine in Mexico
 Meredith DeFrancesco
Activists in Cerro de San Pedro, Mexico, blocked a highly unpopular gold mine on July 22 that continues to operate despite government orders to desist.
Mexico Sees Huge Potential in Cooperation With China
 Xinhua
Mexico and China have great potential to expand the scope of cooperation, Foreign Minister Patricia Espinosa said this week.
Microfinance Launch Experiences Huge Demand
 Becci Burchett
Local entrepreneurs have quickly seized a bright opportunity to improve their businesses and better their lives. Over 200 individuals from around the Bahia de Banderas applied for loans through ¡Sé Más! a newly-launched microfinance organization.
Mexican Billionaire Slim Buys Townhouse in Manhattan
 Cyntia Barrera Diaz
A company controlled by Mexican billionaire Carlos Slim has bought a Manhattan townhouse near Central Park and adjacent to the Metropolitan Museum of Art, a spokesman said.
GAP Expects Up to 7% Rise in Passenger Traffic for 2010
 Indiana Corrales
Mexican private airport operator GAP expects to see passenger traffic at its 12 airports increase by 5.5-7% during 2010 compared with 2009, the firm's head of investor relations, Miguel Aliaga told BNamericas.
Mexico's Violence Largely Spares Foreign Firms
 Patrick Rucker
As bodies pile up in Mexico's drug war, local businesses are bearing the brunt of violence, extortion and kidnapping while big foreign-run firms have so far been spared the worst of a rising tide of crime.
Calderón Signs Decree Creating Council for Financial Stability
 Suzanne Stephens Waller
After declaring that Federal Government adopted the right strategy for dealing with the world crisis, President Felipe Calderón signed a decree creating the Council for the Stability of the Financial System, which provides early warning of potential risks to the country's financial stability.
Mexico's Global Economic Indicator Rises In May
 RTTNews
Mexico's global economic indicator, or IGAE, increased 8.85% year-on-year in May, faster than the 7.37% rise in April, the statistical agency INEGI said Tuesday.
Mexico Prohibits Some Fees, Commissions for Banks
 Associated Press
Mexico's central bank is prohibiting banks from charging their customers fees for withdrawing money, making deposits or checking on account balances at ATM machines or branch offices operated by the banks.
Beleaguered BP Changes CEO, Sees Record Loss
 Associated Press
BP has announced that CEO Tony Hayward will be replaced in October by Robert Dudley. The company also announced a record quarterly loss as it set aside $32 billion to cover the costs of the oil spill.
Premium Tourism in Riviera Nayarit
 RivieraNayarit.com
On Wednesday, July 14, Riviera Nayarit's Convention and Visitors Bureau (CVB) introduced the VIP tourism offerings, products and services offered by Riviera Nayarit to over the 30 media agencies and 91 travel agents specializing in high-end markets who attended the presentations.
Goldman Reveals Where Bailout Cash Went
 Karen Mracek & Thomas Beaumont
Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public late last week.
The Forgotten Foreclosure Crisis
 Netroots Nation
Liz Warren on the essence of US bankruptcy.
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