By Manuel Durán
El Semanario - - Fifty-seven percent of senior company executives in Mexico don't expect the economy to recover from 2009's severe recession until 2011, despite current signs of a recovery in the country.
El Semanario - Andrés Manuel López Obrador (AMLO), who claimed he was elected in the last presidential race and set up a parallel government, causing a rift within the PRD, said in a visit to Nuevo Leon that he will again seek the presidency through a "progressive alliance."/p...
CNNMéxico - Mexico's consumer prices rose 0.58 percent in February, higher than was expected, because of a rebound in prices of some vegetables and services, the Bank of Mexico said Tuesday. Core inflation rose was 0.4 percent, more in line with expectations, according to the bank./p...
CNNMéxico - Senate PRD President Carlos Navarrete defended the electoral alliances the PRD formed with the PAN to contest governorships of at least five states in 2010 and revealed that his party is "carefully studying" the possibility of another coalition to beat the PRI in 2011 in the state of Mexico./p...
Sentido Comun - Grupo Lar, one of the largest real estate groups in Spain, said it plans to invest 476 million pesos ($37.62 million) this year in the Performa y Polaréa real estate projects in Mexico City and the Horizontes Ordaz project in Monterrey,...
Sentido Comun - Grupo Aeroportuario del Pacifico said in a press release that the number of passengers who visited their air terminals fell 4.5 percent -- 6 percent in domestic passengers and 2.4 percent in international passengers.
Sentido Comun - International reserves last week reached a new record of $94.54 billion after rising by $76 million over the previous week, the Bank of Mexico said Tuesday in a press release.
Sentido Comun - The sale, production and export of buses and trucks increased in February for the second consecutive month. Last month, truck sales rose 12.8 percent over the same month last year, its second consecutive increase and the highest since July 2008.
Kansas City Star - Kansas City Southern has bought the Puerta Mexico rail-truck facility in Toluca in the state of Mexico. Later this month, the railway plans to add direct train service from Puerta Mexico to Lazaro Cardenass, a port on Mexico’s west coast./p...
Reuters - San Francisco-based AMB Property Corp., which invests in distribution hubs, expects to soon offer a new commercial real state fund in Mexico that aims to draw investment from the nation's 14 private pension funds, which control $85 billion.
Dow Jones - Mexico's largest home lender, federal housing fund Infonavit, said Monday that new housing starts rose 44 percent during the first two months of 2010 as the housing industry recovers from last year's slump. New housing starts rose to 69,164 units./p...
Dow Jones - Mexico's textile and apparel exports to the U.S. fell by 16 percent in 2009 to $4.14 billion compared with the previous year, the National Textile Industry Chamber said. The figures, based on U.S. government statistics, put Mexico far behind leading exporter China, and trailing Vietnam and India./p...
Reuters - Mexico's peso slipped on Monday after closing at a 16-month high last week, and stocks were little changed as investors digested comments from France's president on possible aid for Greece. The peso lost 0.3 percent to 12.6635. The IPC stock index added 0.04 percent to 32,450 following its close at a six-week high last Friday./p...
Reuters - Spain's Telefonica might team up with small telephone and cable operators in Mexico to bid on a fiber optic network meant to challenge tycoon Carlos Slim's empire, Francisco Gil, head of Telefonica in Mexico, told reporters on Monday.
Bloomberg - CME Group Inc., owner of the world’s largest futures market, paid $17 million for a 1.9 percent stake in Mexican stock exchange Bolsa Mexicana de Valores to expand in Latin America. Customers of each company will get access to derivative contracts offered by the other exchange./p...
Isriah - The Mexican government, through the Foreign Ministry, extended its condolences to the government and people of the Republic of Turkey for the victims and damage caused by Monday’s earthquake in the Elazig province in eastern Turkey.
Dow Jones - Optimism for the Mexican economy this year is mounting at a fast clip as key data points to a stable recovery, Morgan Stanley said Monday upgrading their growth forecast for the country to 5.2 percent from 3.8 percent. The move puts Mexico in the running to be the fastest growing of the seven largest Latin American regional economies./p...
miningweekly.com - Azure Minerals has entered into a joint venture with copper/gold-miner Oz Minerals to accelerate exploration at its San Eduardo copper project in Mexico. Oz Minerals would spend $13-million to earn a 70% stake in the project, Azure reported on Tuesday./p...
El Semanario - The Bank for International Settlements (BIS) has appointed Christian Noyer, governor of the central bank of France, as the new president to replace Guillermo Ortiz, who was forced to resign after being replaced as the governor of the Bank of Mexico./p...
Bloomberg - Billionaire Carlos Slim’s construction company is poised to win the biggest of three toll-road contracts in Mexico, beating Empresas ICA SAB, the nation’s largest builder, Credit Suisse Group AG said./p...
