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25Apr2012
Organized Crime Laundered $10 Bn in Mexico in FY2011

In Sight

Mexico's Ministry of Finance says organized crime may have laundered up to $10 billion last year, much of it profits from drug trafficking.

25Apr2012
Are You a Workaholic?

The Fix

Norwegian researchers have developed a tool to gauge if you're addicted to work: try it out here.

25Apr2012
President Calderon Warns About Growing Trade Restrictions

MNI

Mexico's President Felipe Calderon warned Tuesday about growing trade restrictions, and slammed protectionist steps and expropriation while urging more free trade to boost growth.

24Apr2012
Ex-CEO of Walmart de Mexico Resigns from MetLife Board Amid Scandal

Huffington Post

Eduardo Castro-Wright, the ex-CEO of Walmart de Mexico, stepped down from MetLife's board of directors in light of allegations that Walmart de Mexico bribed the Mexican officials while he was head of the company.

24Apr2012
Mexico Sets First Fixed-Rate Mortgages

Bloomberg News

Mexico's largest mortgage provider plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country's Tequila Crisis fades.

23Apr2012
Mexico's Grupo Elektra Closes Deal For US Payday Lender

International Business Times

Mexico's specialty retailer and financial-services provider Grupo Elektra SA announced Monday it has completed the $780 million acquisition of Spartanburg, S.C.-based payday lender Advance America, Cash Advance Centers Inc.

23Apr2012
Mexico Says U.S. Stalling on Adding Nation to Pacific Trade Deal

Bloomberg News

Mexico's Economy Minister expressed frustration over what he said was the Obama administration’s delay in adding the nation to Pacific trade talks.

23Apr2012
Mexican Consumer Prices Lower in Early April

Dow Jones

Mexico's consumer prices are expected to have moved lower in the first half of April, pushed down by seasonal subsidies on residential electricity rates that went into effect in some cities, and by lower produce prices and tourism rates.

23Apr2012
Wal-Mart Probe Lifts Lid on Culture of Bribery in Mexico

Reuters

Whether you are the world's No. 1 retailer or a humble street vendor, paying public officials a bribe may be the quickest way to get your business growing in Mexico.

22Apr2012
Walmart Says it is Cooperating in Bribery Probe

UPI

Walmart says it is working with the U.S. Department of Justice to investigate allegations it illegally covered up a bribery scheme at its Mexican subsidiary.


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