Mexico Business & Finance News

Puerto Vallarta • Riviera Nayarit • Mexico

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01Apr2012
Mexican Public Works Bank Hits Loan Record

EFE

Mexico's Banobras development bank said it provided a record 57.19 billion pesos ($4.5 billion) in loans last year for different projects. This loan volume was "the highest figure in the institution’s history," Banobras said in a statement.

30Mar2012
Ford to Invest $1.3 Billion in Hermosillo Plant

Reuters

U.S. carmaker Ford Motor Co will invest $1.3 billion in its stamping and assembly plant in the northern Mexican city of Hermosillo, creating 1,000 jobs, a top company executive said on Friday.

30Mar2012
Does Anybody Have an Idea of the Implications of Foreign Investments?

PVNN

Well apparently not, but I find it the most dangerous economic policy. Yes, for example in Mexico we have been "good kids and we have done our homework correctly and on time..." and foreign companies keep in investing in Mexico and collecting their gains.

30Mar2012
Peso Enjoys Best Rally Since '93

Bloomberg News

Mexico's peso is posting its biggest quarterly rally on record, boosting dollar-based returns on local bonds, as the quickening U.S. economic expansion fuels demand for the Latin American country's oil, cars and cattle.

30Mar2012
Mexico's Cemex U.S. Volumes Soar in Early 2012

Reuters

Mexico's Cemex said on Thursday that it may have recorded strong double-digit growth in U.S. cement volumes in the first two months of the year helped by good weather, based on industry estimates.

29Mar2012
US and Mexico to Share $6 Million in Forfeited Assets

The US Open Borders

Assets forfeited by the Sigue Corporation for violations of the US Bank Secrecy Act will be used to strengthen and support the PGR’s capacity to investigate and prosecute domestic and bilateral money laundering crimes, as well as Mexico’s ability to forfeit the proceeds of crime.

28Mar2012
Task Force Meets to Grow Hispanic Travel Market

Travel Blackboard

Hoping to draw on the "under tapped" U.S. Hispanic travel market, the recently developed NTA-ASTA Hispanic Business Development Task Force met for the first time at the Tianguis Turistico in Puerto Vallarta, Mexico this week.

27Mar2012
In Mexico Women are Moving into Senior Leadership Positions

Forbes

Overall, in Mexico, U.S., and elsewhere around the globe, although a number of female leaders are emerging in both politics and the business world, overall the presence of women in the board rooms of the world's biggest companies remains rather low.

26Mar2012
Mexico, US Food Safety Laws Compatible

The Packer

Once it officially comes out, the Food Safety Modernization Act won't affect just U.S. produce companies. Octavio Carranza, director general of agro alimentary food safety, aquiculture and fisheries of SENASICA, which oversees phytosanitary and food safety issues in Mexico, said Mexico's food safety program is designed to be compatible with international standards.

26Mar2012
Mexico Registers $442M February Trade Surplus

Dow Jones

Mexico registered a trade surplus in February, its second in three months, as exports rose sharply from a year earlier and from the previous month, backed by strong manufacturing exports and high crude oil prices.


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