November 2011
Peso gives back gains, closes weaker to dollar
Dow Jones - Mexico's peso closed sharply weaker against the U.S. dollar Monday, giving back some of the gains made last week as investor doubts emerged about details of European agreements. The peso closed at 13.3410 to the dollar.
Mexico added to bike tour firm's roster
PR Web - BikeToursDirect is adding four tours in Mexico to its 2012 tour roster-its first North American destination through a new partnership with EcoColors Tours, a Cancun-based tour operator. Tours feature Mayan sites and natural and historic locales.
More than 3,000 kidnapped in last 21 months
BNO NEWS — Mexico’s Public Security Department (SSP) confirmed that more than 3,000 cases of kidnapping have been reported to authorities in the last 21 months. Some 2,500 were kidnapped and later freed.
upfrontnewswire.com/1599/mexico-averages-143-kidnapping-cases-per-month/
Pan Am medal might spur Mexican basketball rebirth
NESN - Pan-Am basketball could mark a watershed in the future of the sport in Mexico, which took silver after losing to Puerto Rico in the gold medal game. It was not necessary to win gold to assure that the medal tasted golden in Mexico.
www.nesn.com/2011/10/mexico-hopes-to-see-basketball-rebirth-with-pan-am-medal.html
Stocks close lower on waning Europe glee
Dow Jones - Mexico's stocks closed lower Monday on waning investor exhilaration over last week's agreements among European leaders to address Greece's debt woes. The IPC index fell 1.5 percent or 549 points to 36,160.
Pemex oil output in October exceeds September
Dow Jones - Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, said Monday that crude-oil production in the Oct. 1-30 period averaged 2.564 million barrels a day compared with full-month September's average of 2.489 million barrels a day.
Families of Central Americans caravan in Mexico
AHN - A caravan of private vehicles carrying Central Americans is traveling through Mexico this week searching for their relatives who disappeared while headed toward an illegal entry into the United States.
Interjet to start U.S. service to San Antonio
San Antonio Business Journal - Interjet will begin round-trip service between San Antonio International Airport and Mexico City’s international airport beginning Dec. 1. This will be Interjet’s first time serving the U.S. market.
www.bizjournals.com/sanantonio/news/2011/10/31/interjet-to-debut-san.html
Mexico City's Reforma is alive with color
Submitted by mexbiznews on Tue, 11/01/2011 - 4:15am
By Tracy Wilkinson / Los Angeles Times
All over the world, certain signs herald the changing of seasons. In Mexico City, one of the signs comes along the majestic Paseo de la Reforma, the capital's principal thoroughfare and probably its loveliest.
This week the boulevard appears as if painted in orange; in a few weeks, it will be red.
Three times a year, a small army of city gardeners plants a nearly two-mile section of Reforma's leafy median with the season's iconic flowers. Orange marigolds for the Day of the Dead. Red poinsettias for the Christmas season. Amber kalanchoe succulents for the spring and summer.
www.latimes.com/news/nationworld/world/la-fg-mexico-flowers-20111101,0,1203930.story
Anti-trust agency finds America Movil, Telefonica, Iusacell dominant in mobile market, clearing way for tighter regulation
Submitted by mexbiznews on Tue, 11/01/2011 - 4:03amBy Crayton Harrison
Bloomberg
America Movil, Telefonica and Grupo Iusacell are dominant in Mexico’s market for completing mobile-phone calls, the nation’s antitrust agency concluded, paving the way for tighter regulation of their fees.
The three communications carriers, which together have more than 95 percent of Mexico’s mobile-phone subscriptions, each have “substantial power” in the market for connecting incoming calls from rivals, the commission said Monday on its website.
The ruling concludes a probe that took more than three years after the agency first found the three companies dominant in a preliminary decision.
The ruling would allow Mexico’s Federal Telecommunications Commission to craft rules governing call completion to limit the carriers’ market power.
Mony de Swaan, president of the phone regulator, said earlier this year the agency was studying ways to create regulations based on other antitrust rulings on dominance.
An America Movil who can’t be named under company policy declined to comment. A Telefonica official declined to comment and a Iusacell official didn’t respond to e-mail messages.
www.businessweek.com/news/2011-11-01/america-movil-telefonica-iusacell-found-dominant-by-mexico.html
