By Eric Heinrich
By Alfredo Corchado and Laurence Ilifwww.reuters.com/article/marketsNews/idUSN0317115920090703
Reuters
Agustin Carstens, speaking at a meeting of finance ministers from the Americas, rejected the view of some analysts who have said Mexico could be downgraded absent key fiscal reforms.
online.wsj.com/article/BT-CO-20090703-706192.html
Dow Jones Newswires
Mexico and Brazil are in discussions with the International Monetary Fund to purchase IMF-issued bonds, according to Nicolas Eyzaguirre, director of the IMF's Western Hemisphere Department.
Bloomberg
Mexico’s peso posted its first weekly decline in three weeks on concern surging unemployment in the U.S. will delay an economic recovery in the market that is the biggest buyer of Mexican exports.
news.xinhuanet.com/english/2009-07/04/content_11653002.htm
Xinhua
The Chinese tourism authority has canceled its travel warning in Mexico as A/ H1N1 influenza epidemic has eased in the country. Direct flights from China to Mexico and group tour services have been resumed.
Notimex/El Economista
The Producer Confidence Indicator (CPI), which shows manufacturing business managers perceptions on the country's economic situation, fell 10.6 points in June compared to the same month of 2008, marking 19-months of decline.
Milenio
Standard & Poor's withdrew its credit rating on debt-ridden Comercial Mexicana, saying the company failed to submit sufficient information to follow up its evaluation process.
www.reuters.com/article/governmentFilingsNews/idUSL29877020090702online.wsj.com/article/BT-CO-20090702-713301.html
Dow Jones Newswires
Mexico's government-run housing fund Infonavit said Thursday that it sold 2.6 billion pesos ($195.7 million) in mortgage-backed securities in its second issuance this year, about 1.9 times the amount offered.
online.wsj.com/article/BT-CO-20090702-715432.html
Dow Jones Newswires
Mexican conglomerate Alfa said Thursday that Dionisio Garza Medina after 36 years at the company will step down next year as chairman and chief executive and that the company is beginning the search for a replacement.
Dow Jones Newswires
Mexico's stocks closed lower Thursday on a gloomy employment report out of the U.S., Mexico's top trade partner, and a fall in cement-maker Cemex shares. The IPC stock index fell 1.9 percent to 24,051.46 points.
Xinhua
Mexico will begin a new visa regime with lighter paperwork obligations on Monday, hoping to boost trade and tourism from Brazil, Russia, India, China, an Interior Ministry official said Thursday.
www.bizjournals.com/denver/stories/2009/06/29/daily51.html
Denver Business Journal
NexHorizon Communications Inc. said Wednesday it plans to form a Mexican-owned subsidiary to purchase the assets of Cable California S.A. and provide cable TV and high-speed services to residents in Tijuana, Mexico.
Reuters
Compartamos, a Mexican bank that makes small loans to family businesses, expects its second-quarter lending to have risen more than 20 percent despite a steep recession.
