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Mexican Opposition Says Govt Squandered Oil Windfall


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.

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.

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.

US Used Clothes Cause Upheaval in Mexico

Fox News Latino

One second, customers meander around the market, perusing racks of second-hand J. Crew blouses or gently worn Old Navy pants. The next, groups of police brandishing protective shields and batons circle the stands and shut down nearby streets.

Bargain-Seeking Americans Driving to Mexico to Buy Cheap Gas


As gas prices skyrocket, American drivers are looking south of the border for an alternative to ease the pain at the pump. But there is growing concern that bargain-seekers could be putting their lives at risk because of the dangers of encountering drug cartel violence in Mexico.

Calderon Says Mexico Will Keep Oil State-Owned

Bloomberg News

Mexico will keep its oil industry state-owned as government-held oil company Petroleos Mexicanos successfully stemmed output declines in aging fields, Mexican President Felipe Calderon said.

Meade: Economy has Shown Some Improvement

The News

Secretary of Treasury and Public Finance Jose Antonio Meade Kuribrena said that the Mexican economys growth might be a little better than the predicted 3.5 percent in 2012.

Brazil and Mexico End Automotive Sector Battle

The Globe and Mail

Mexico and Brazil have settled a spat over the automotive sector, with Mexico agreeing to cut future car exports in return for keeping alive a decade-old trade treaty with the largest economy in Latin America.

Bank of Mexico Sees Improving Growth


The Bank of Mexico kept interest rates unchanged Friday for its 25th meeting in a row, as was unanimously expected, while offering an upbeat assessment of both economic growth and inflation ahead.

Mexico Sees El Nino Bringing Agriculture Relief From Drought

Dow Jones

Mexico is expecting El Nino to bring much-needed rains to various agricultural parts of the country in the near future, providing relief from prolonged widespread drought, Mexican Agriculture Minister Francisco Mayorga said Thursday.

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