Mexico Business & Finance News

Puerto Vallarta • Riviera Nayarit • Mexico

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25Mar2012
Moving Abroad May See Post-Recession Comeback

Investor's Business Daily

Home sales slowed in places like Mexico and Costa Rica after the U.S. housing and economic downturn. But interest is starting to pick up again in second-home and retirement markets outside the U.S.

24Mar2012
Mexico Plans to Strengthen Tourism Sector

The News

The proposals call for an open-skies policy for tourist destinations to increase the number of airline flights and ease visa restrictions for countries with strong potential tourism markets for Mexico and for broadening of the scope of the Magical Towns and Colonial Cities programs.

23Mar2012
Carlos Slim Needs More Competition

The Wall Street Journal

Televisa welcomes competition in television. But Mr. Slim has fought tooth and nail to block competition in telecommunications, and delayed government attempts to regulate his fixed-line firm Telmex and cellphone provider Telcel in Mexican courts.

22Mar2012
Mexico Annual Inflation Eases in First Half of March

Reuters

Mexican price pressures were muted in the first half of March with the annual inflation rate lower than that registered at the end of February and investors expecting the central bank to keep rates on hold through the year.

22Mar2012
EU and Mexico to Back Mexican Entrepreneurs

The News

The Delegation of the European Union (EU) to Mexico, and ProMexico, will jointly distribute 100 million pesos to seven production projects that were approved to receive subsidies from the Competitiveness and Innovation Program (PROCEI).

22Mar2012
How Mexico Creates American Jobs

WSJ.com

U.S.-Mexico trade is fundamentally different than trade with any other major country, except Canada. While Chinese imports are produced almost entirely (96%) with non-American parts, imports from Mexico are, on average, 40% U.S. made.

21Mar2012
Mexican Tequila Mogul Dies

EFE

Julio Gonzalez Estrada, who helped make tequila a lucrative export for Mexico, died at his home in the western state of Jalisco, industry sources said. He was 83.

20Mar2012
Mexican Opposition Says Govt Squandered Oil Windfall

EFE

The Mexico conservative government has squandered 1.7 trillion pesos ($134.9 billion) in windfall oil profits since December 2000, the legislative leader of the main opposition Institutional Revolutionary Party said this week.

20Mar2012
Governor Drains Govt Money for Pope Visit

The News

The excessive expenditures by ultra-Catholic Guanajuato state Governor Juan Manuel Oliva to welcome Pope Benedict XVI on Friday are being questioned by friends and foes alike. Thus far, expenditures, according to Guanajuato government sources, have reached 138 million pesos.

20Mar2012
Town Takes A Monetary Path Less Traveled

McClatchy Newspapers

Organizers in this verdant hill town in Veracruz state have coaxed a tiny economic experiment on the citizenry: They created an alternative local currency.


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