January 2012

Report says Mexico loses billions in illegal outflows

Reuters - About $50 billion a year is siphoned illegally out of Mexico due largely to tax evasion and trade manipulation, according to a report from Washington-based anti-corruption advocacy group Global Financial Integrity.


Carstens says drought might impact inflation

Bloomberg - Mexico’s worst drought on record is pushing up food costs and might hamper the country’s efforts to keep inflation expectations in check, central bank Governor Agustin Carstens said.


U.S., Mexico in running for 2016 Copa America

tSB Nation - The United States reportedly is being considered as a possible host for the 2016 Copa America. Mexico also is being strongly considered as a host for the 100th anniversary tournament that crowns the champion of South America.


How "El Chapo" got U.S. agents to help him become Mexico's most powerful drug lord

By Aram Roston
Newsweek Magazine

There are usually just three ways for a trafficker to leave a Mexican drug cartel: go to prison, get killed, or become a government informant.

Two weeks ago, I had dinner at a restaurant near the Mexican border with a man who got out by the third route. He was, until recently, an important figure in the Sinaloa cartel’s drug-running operations, working indirectly for the boss, Joaquín “El Chapo” Guzmán.

The drug dealer told me how, acting with the full approval of his cartel, he strolled into the U.S. Immigration and Customs Enforcement (ICE) office for an appointment with federal investigators. So began an extensive operation by Chapo Guzmán’s forces to manipulate American law enforcement to their own benefit.


Coca-Cola plans to invest $1 billion in Mexico pushing number of employees in the country to one million

Drinks Business Review

Coca-Cola intends to pump in around $1 billion in Mexico in 2012, as part of the company's $5 billion investment plan.

Speaking at the World Economic Forum in Davos, CEO Muhtar Kent said the company will soon directly employ more than 1 million people in Mexico.

The company currently employs 93,000 people directly and another 800,000 indirectly in Mexico, which makes it one of the largest employers in the country.

The Atlanta-based company has doubled the size of its product range in the country over the past six years and now offers 60 brands and 400 products.

Mexico president Felipe Calderon said the US beverage giant's decision to expand its investments in Mexico 'will give a strong boost to the economy' and provide 'more and better jobs for Mexicans.'

The Coca-Cola offers nearly 500 sparkling and still brands. The company's portfolio includes 12 other billion dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply and Georgia Coffee.


More swine flu screenings as cases increase

Fox News Latino - Bringing back memories from three years ago, when the swine flu closed Mexico City and caused a global scare, the media is now warning of an alarming increase in flu cases, while the government insists there is no cause for alarm.


Eight men executed in downtown Monterrey

Los Angeles Times - Eight men were executed and left on the street early Thursday in downtown Monterrey, in the latest outburst of violence to buffet the industrial northern city.


35 pounds of cocaine sent from Mexico to UN

Bloomberg - Two forged diplomatic pouches containing a total of 35 pounds (16 kilos) of cocaine were delivered last week to the UN headquarters building in New York, according to a UN official speaking on condition of anonymity.


Stocks can't hold gains, end nearly flat

Dow Jones - Mexican stocks couldn't hold onto strong gains Thursday and ended only marginally higher, as early-session hopes on the U.S. Federal Reserve's low-rate pledge and signs of hope around euro-zone debt talks gave way to disappointing U.S. data points.


Calderon calls for "bazooka" in Euro crisis

Dow Jones - The euro-zone crisis is a ticking time bomb threatening the world economy and the international community must act urgently and aggressively to defuse it, Mexican President Felipe Calderon said Thursday.