Latest Mexico News
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Fitch ratifica la calificacion de Atizapan de Zaragoza Estado de Mexico en BBB-
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Entrenched Mexico drug mafia vigilantes battle for control of agricultural Michoacan state
In this May 20, 2013 photo, a man on a motorcycle drives past the burnt-out hulks of two trucks and a passenger bus, allegedly torched by the Knights Templar drug cartel as a warning to anyone who tries to bring reinforcements, near the town of Buenavista, Mexico. A drug cartel that takes its name from an ancient monastic order has set fire to lumber yards, packing plants and passenger buses in ...
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Mexicos stocks down 1 pct briefly touch 8-month low
MEXICO CITY, May 22 (Reuters) - Mexico's IPC stock index briefly sank on Wednesday to an eight-month low beneath the key 40,000-point level for the first time since September 2012. The index dipped to the low after U.S. Federal Reserve Chairman ...
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Mexico preliminary first-quarter FDI soars to six-year high
MEXICO CITY, May 22 (Reuters) - Foreign direct investment in Mexico rose to a six-year high in the first quarter on steep flows from the United States and strong interest in the manufacturing sector, according to preliminary data from the ...
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Youth Festival to Be Celebrated in Sinaloa Mexico
Mexico, May 22 (Prensa Latina) The 2013 Youth Festival of Pop and Rock Music will be held since Wednesday, up to Friday, in six cities of the Mexican state of Sinaloa. The event will count on the participation of 20 groups in 36 concerts in auditoriums and public places. The venues will be Culiacan -the capital of Sinaloa- Los Mochis, Mazatlan, Guasave, Guamuchil and El Fuerte. In the opening ...
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Mexican volcano on verge of eruption
A cloud of ash belches out of Mexico's Popocatepetl volcano, some 35 miles from Mexico City, May 20, 2013. Authorities have raised the alert level to "Yellow Phase Three," the fifth of a seven-stage warning system, restricting access to an area of about seven miles around the volcano while preparing evacuation routes and ...
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Exclusive Mexico sees mine industry investment through 2018 at ...
MEXICO CITY (Reuters) - Mexico sees total mining investment between 2013-2018 of at least $25 billion, holding steady from the previous six years despite the prospect of less favorable metals prices, Mexico's top government mining official ...
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UPDATE 2-Mexicos Homex says some creditors could seek early ...
MEXICO CITY, May 22 (Reuters) - Creditors of struggling Mexican homebuilder Homex could seek accelerated payment of the company's debt after Homex missed payments on derivative positions, according to a filing on Wednesday. Failure to meet ...
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Viva Mexican Grill in Wayland fails alcohol compliance check
The Wayland Police Department reported Viva Mexican Grill y Tequileri, located at 15 East Plain St., was the only one of 12 establishments that failed an undercover alcohol compliance check on Tuesday. On Tuesday, two youths, aged 18 and 19, were sent into the establishments with instructions to attempt to purchase alcohol without showing any ...
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The Deal Philip Morris Inhales Mexican JV
said Tuesday, May 21, it will acquire the remaining 20% stake in its joint venture Philip Morris Mexico SA de CV it does not own for about $700 ...
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Mexican peso erases gains stocks turn negative
MEXICO CITY | Wed May 22, 2013 11:44am EDT MEXICO CITY May 22 (Reuters) - Mexico's peso and stocks pared gains on Wednesday that stemmed from comments by U.S. Federal Reserve chairman Ben Bernanke, who hinted it was not time to rein in monetary stimulus that supports appetite for risky assets. The IPC Index dipped 0.69 percent to 40,251 points while the peso fell 0.238 percent to ...
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Mexicos peso firms after US Fed hints at continued stimulus
MEXICO CITY, May 22 (Reuters) - Mexico's peso strengthened in early trading on Wednesday, after testimony revealed U.S. Federal Reserve chairman Ben Bernanke does not think it is time to rein in monetary stimulus. Mexico's peso firmed 0.79 ...
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Mexicos Homex says arguably in default on some debt
MEXICO CITY, May 22 (Reuters) - Failure to meet payments due on derivatives "arguably" constitutes an event of default on debt owed by Mexico's second-largest homebuilder Homex , the company disclosed in a filing on Wednesday. Barclays' Mexico ...
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Abertis keen on USMexico buys but no rush
MADRID (Reuters) - Spanish infrastructure group Abertis (ABE.MC) is seeking acquisitions in the Americas, particularly the United States and Mexico, but is in no rush after its 2012 spending spree, its chief executive told Reuters. Abertis became ...
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Mexico stocks rise after Bernanke hints at steady stimulus
MEXICO CITY | Wed May 22, 2013 10:39am EDT MEXICO CITY May 22 (Reuters) - Mexican stocks jumped on Wednesday after Federal Reserve chairman Ben Bernanke suggested in a speech that it is not yet time to rein in U.S. monetary stimulus, which has boosted demand for riskier assets around the world. The IPC stock index rose just over 1 percent to 40,969 before hitting resitance and pulling ...
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Mexican Retail Sales Unexpectedly Fall for Second Month in a Row
sales (MXWRTRYO) surprised analysts in March by contracting for a second straight month for the first time since 2009, bolstering bets policy makers will cut interest rates again this year. Sales fell 2.4 percent from a year earlier, the national statistics agency said today, more than forecast by any of the 19 analysts surveyed by Bloomberg. The median estimate was for an increase of 0.3 ...
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Sugar prices risk further decline as China eyes import curbs
* High Chinese domestic prices stimulate imports - trade * Several dealers doubt China will raise import duty * Authorities could step up efforts against smuggling By David Brough and Dominique Patton LONDON/BEIJING, May 22 (Reuters) - A slide ...
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UPDATE 1-US not respecting WTO ruling on meat labeling -Mexico
(Updates with agriculture minister's quotes) By Adriana Barrera MEXICO CITY, May 21 (Reuters) - The United States is not respecting a World Trade Organization (WTO) ruling on meat labeling, Mexico's Agriculture Minister Enrique Martinez ...
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Family of B.C. man missing in Mexico frustrated with police probe
The family of a Canadian man who went missing in Mexico two weeks ago fear they are unable to trust the local police who are leading the investigation. Diego Hernandez, a 22-year-old martial arts instructor from British Columbia, and his American friend Craig Silva, disappeared from the Mexican resort city of Puerto Vallarta on May 8. The two were in the country to organize a mixed martial ...
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RPT-Fitch Revises BPs Outlook to Stable IDR Affirmed at A
May 22 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has revised the Outlook on BP plc's (BP) Long-term Issuer Default Rating (IDR) to Stable from Positive. A full list of rating actions is at the end ...
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Soccer-Moses out of Nigerias matches Obi Mikel wants a rest
May 22 (Reuters) - Victor Moses has withdrawn from Nigeria's squad for next month's World Cup soccer qualifiers and Confederation Cup tournament while Chelsea team mate John Obi Mikel has asked to be rested for a friendly against Mexico next ...
Mexico Feature
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Mexico has more to it than drugs and immigration
As Mexico’s image suffers damage abroad due to increasing levels of violence related to the drug crack-down by government, it may be helpful for Mexicans to remember that there is more to their country than drugs and immigration problems with the US. Some facts may be surprising and even shocking, especially to foreigners.
Mexico has been in the news frequently of late as the government carries out a crack-down on drug cartels and organized crime, the country’s murder rate is up, journalists have been killed for investigative reporting on drug gangs and our image internationally has generally been diminished by the tunnel vision of international news providers. Read more
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