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 Business News
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Mexico Currency Laws Make it Tougher to Pay in Dollars
 Laura Bly
Since Sept. 14, making purchases in Mexico with dollars instead of pesos is more complicated. Travelers can exchange a maximum of $1,500 USD per person per month, and businesses can accept a maximum of $100 cash per transaction.
Airlines Boost Service to Mexico
 Megan Neighbor
The number of flights from the United States to Mexico is up, fueled by the bankruptcy of Mexico's largest airline, a resurgence of leisure traffic and a tepid economic recovery.
7th International Tourism Forum to Debate Role of Public Sector in Tourism Policy
 Theodore Koumelis
The global economic crisis has opened up important opportunities for the tourism sector, but capitalizing on these requires a better understanding of the various governance roles within national tourism policy and decision making.
Mexico's Inflation and Jobless Rate Climb
 Patrick Rucker & Luis Rojas
Mexican consumer prices climbed slightly more than expected in the first half of October, while the unemployment rate rose in September as Latin America's No. 2 economy struggles out of a deep recession.
 The Future of Real Estate: IPad Reinventing Real Estate Sales
 Sylvia Gomez
The days of sending out just a brochure (or e-brochure) to sell a property are long gone, according to Ezine.com. With the advent of smart phone technology Social Media and the popularity of the iPad, real estate agents are being forced to reexamine their marketing strategies.
Mexico Retail Sales Rise More Than Expected in Aug
 Patrick Rucker & Luis Rojas Mena
Mexican retail sales rose more than expected in August as consumers responded to strengthening in Latin America's second-largest economy.
Tobacco Czars Threaten to Leave Mexico
 Yvonne Reyes Campos
Deputies criticized the threats and blackmailing gambits received from the tobacco industry stating they will quit investing in Mexico due to the 7-peso tax increase on cigarettes next year.
Mexico's Energy Reform and the Future of Pemex
 Rodrigo Camarena
The ebullient celebration in Brazil over Petrobas' historic $70 billion share-issue last month was bitterly received in Mexico City, where the state-owned oil company Pemex is mired in debt, inefficiency and ongoing political wrangling.
Mexican Lawmakers Approve Wider 2011 Budget Deficit Than Calderon Proposed
 Adriana Lopez Caraveo & Jens Erik Gould
Mexico’s lower house of congress approved the income portion of the 2011 budget, passing a wider deficit and higher oil price than President Felipe Calderon originally proposed.
TELMEX Will Continue Price Reductions in 2011
 Telmex.com
TELMEX recently reported to its customers and the general public that the prices of their products and services will continue to be reduced during 2011. By doing so, the company continues to demonstrate its policy and commitment to support the economies of Mexican families and businesses.
PRI Stops Pushing for IVA Reduction
 Yvonne Reyes Campos
The Institutional Revolutionary Party (PRI) parliamentary group in the Chamber of Deputies will not insist on reducing the Added Value Tax (IVA) from 16 to 15 percent in exchange for the creation of a 55-billion peso fund to rebuild the states damaged by recent natural disasters.
PEACE Discount Program Popularity Grows
 Becci Burchett
Local businesses and individuals alike are signing up to participate in a new membership program, created by local non-profit PEACE, in order to receive discounts and give back to local communities in the Banderas Bay area at the same time.
MEXLend Announces a New Euro Loan Option
 Patrick Harrison
Puerto Vallarta-based MEXLend, an industry-leading mortgage broker in Mexico, is thrilled to announce a new Euro-based mortgage program for citizens of Spain and the UK, allowing them to purchase their dream home, villa or condo in Mexico.
CNBC Predicts US Congress Will Retroactively Legalize Foreclosure Fraud
 Daniel Tencer
Congress will pass a bill to "forgive" banks the potentially criminal errors made in foreclosure proceedings, a senior CNBC editor predicts.
Asian Investors Give Tijuana a Thumbs Up for Business
 Frontera NorteSur
Chinese attention on Tijuana is another example of the Asian giant's growing business in Mexico and Latin America. China's bilateral trade with Latin America exploded from $200 million in 1975 to $47 billion by 2005.
Mexican Firm Sticks by 'Bimbo' Bread Name
 Christopher K. Hepp
Would you buy bread called bimbo? Apparently its makers, Bimbo Bakeries, out of Mexico, are a bit concerned that some of you might not.
Drug Gangs Threaten Mexican Mining Industry
 Mica Rosenberg
Mining firms have shuttered a handful of exploration projects in remote areas of Mexico as the industry grapples with threats from drug cartels and rising security costs, Mexico's mining chamber said last week.
U.S. & Iraq Regime Busting Labor Unions
 Sherwood Ross
The unions' “crime” in Iraq is to oppose production-sharing agreements with foreign oil companies, which would then get a share of what they produce rather than a fee for services. In the past, some oil outfits used this tack to swindle their government partners out of huge sums.
Mazda Celebrates Five Years in Mexico
 CanadianDriver.com
Mazda has celebrated its fifth anniversary in Mexico, along with the grand opening of the new national headquarters of Mazda Motor de Mexico in Santa Fe, on the outskirts of Mexico City.
Mexico Drug War - as Violence Spirals, So Does Spending on Security
 Reuters
Spending on alarm systems, personal bodyguards and risk consulting is booming in Mexico as headlines each day herald news about the country's spiralling drug war, and companies aim to protect their assets.
‘Electric Storm’, One Year Later
 The News
It’s been a year since President Felipe Calderón ordered the closure of Central Light and Power (LyFC), a semi-public electricity company, “as its operations were not convenient for Mexico’s economy and public interests.”
Mexico Peso Poised for Longest Winning Streak Since 2008
Andres R. Martinez
Mexico’s peso is poised for a seventh week of gains, the longest winning streak since 2008, as Federal Reserve Chairman Ben S. Bernanke said more monetary stimulus may be needed to spur growth.
Mexico Invests 159 Million Pesos in Housing Sector
 Suzanne Stephens Waller
President Felipe Calderón highlighted the boost Federal Government has given the housing sector by investing $159 billion pesos, making it one of the engines of the country's economic recovery.
Mexico's September Auto Output Hits Record 197,418 Units
 Laurence Iliff
Mexico's production of cars and light trucks hit a record for a September at 197,418 vehicles last month, as local auto plants sliced out a larger chunk of the U.S. market, where more than one in 10 vehicles now purchased are made south of the border.
MEXLend Announces Staff Additions and Expands into More of Mexico
Patrick Harrison
Puerto Vallarta-based MEXLend, an industry-leading mortgage broker in Mexico, is pleased to announce that they have added two additional loan officers and have expanded their personal one-on-one services into Punta de Mita and Cancun.
A Detailed Look At Global Wealth Distribution
 Tyler Durden
By now it should be common knowledge to everyone that in American society, the top wealthiest 1 percentile controls all the political power, holds half the wealth, and pays what is claimed to be the bulk of the taxes. The rest of the population is merely filler.
Will Obama Save Homeowners From Wall Street's Latest Fraud Scheme?
 Zach Carter
A massive foreclosure fraud scandal is rocking the U.S. mortgage market. Wall Street banks and their lawyers are fabricating documents, forging signatures and lying to judges - all to exploit troubled borrowers with enormous, illegal fees, and in some cases, improperly foreclose on borrowers who haven’t missed any payments.
Wal-Mart de Mexico Profit Rises 10% in Third Quarter
 Jonathan J. Levin & Jonathan Roeder
Wal-Mart de Mexico SAB, Latin America’s largest retailer, said third-quarter profit rose 10 percent, missing analyst forecasts as higher service costs and flooding curbed its gains.
The Broker Who Called the US Crisis and Was Ignored
 The Real News Network
Michael Blomquist: From 2003 I wrote letters, made calls, even filed a lawsuit but nobody listened. Interview by Greg Gordon, investigative reporter with McClatchy Newspapers DC bureau.
Carstens: Mexico’s Outlook Positive
 The News/Reuters
Mexico is becoming “somewhat more resilient” to the U.S. economic slowdown as exports to its main trading partner gain market share, Central Bank of Mexico (Banxico) Governor Agustín Carstens said last week.
Latam Currencies Reverse Losses on US Dollar
 Samantha Pearson & Lorena Segura
Latin America's currencies strengthened against the dollar on Friday after weak U.S. jobs data fueled speculation that the United States will have to inject more money into its struggling economy.
Mexico September Inflation Up Less Than Expected
Patrick Rucker
Mexican consumer prices rose less than expected in September as a slow recovery in Latin America's second-largest economy kept inflation pressures in check.
Mexico 100-Year Bond Raises Concern of Market Bubble
Andres R. Martinez
Mexico’s $1 billion sale of bonds due in 100 years raises concern the credit market is a approaching a “bubble” that’s blinding investors from making wise choices, RBC Capital Markets said in a report today.
Mexico Is a 'Buy' - Despite the Violence
 Aaron Smith
The Mexican stock market's IPC Index has increased 6.7% year-to-date, outpacing the Dow Jones industrial average's 5% gain. This is one of the factors that prompted John Lomax, emerging markets equity analyst for HSBC in London, to upgrade Mexico to an "overweight" rating, in other words: "buy."
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