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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.

Are You a Workaholic?

The Fix

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

President Calderon Warns About Growing Trade Restrictions


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.

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.

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.

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.

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.

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.

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


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.

Walmart Says it is Cooperating in Bribery Probe


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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