January 2012
Elektra share surge spooks Mexico investors
Reuters - Anyone investing in funds linked to Mexico's IPC stock index in 2011 would have lost nearly double their money had it not been for the gains of a little-known company whose shares rarely change hands. Grupo Elektra's stock almost tripled.
www.reuters.com/article/2012/01/06/us-mexico-elektra-idUSTRE8051Q520120106
Cross-border trade bolsters Kansas City Southern
Bloomberg - Kansas City Southern railcars are rumbling over the Rio Grande as record trade between Mexico and the U.S. buffers the railroad from a slowing global economy. The 125-year-old company seeks to take business away from trucks traversing the border.
www.bloomberg.com/news/2012-01-05/booming-mexico-u-s-trade-buoys-kansas-city-southern-freight.html
Pemex board supports normalizing Repsol ties
Dow Jones - Petroleos Mexicanos, or Pemex, said the monopoly's board of directors gave unanimous support to Chief Executive Juan Jose Suarez Coppel to seek closer collaboration with Spanish oil company Repsol, in which Pemex has a 9.5 percent stake.
Fight in Altamira prison leaves 31 dead
Reuters - A fight between rival gangs inside a prison in in Altamira, Tamaulipas, left 31 inmates dead in the latest violence to erupt inside the country's overcrowded jails.
www.moneycontrol.com/news/wire-news/prison-fightnorthern-mexico-kills-31-inmates_646685.html
Nissan plans to build third plant in Mexico
Dow Jones - Nissan Motor Co. plans to build its third vehicle factory in Mexico to address a capacity shortfall in North and South America as it gears up to overtake Honda Motor Co. in the U.S. and strengthen its leadership position in Mexico.
online.wsj.com/article/SB10001424052970203513604577144314137428908.html
No one wants Mexico City's trash
IPS - The closure of Mexico's biggest garbage dump has highlighted the absence of a comprehensive policy for urban waste collection, disposal and processing, a failure that has serious consequences for health and the environment.
Migrants' new paths reshape Mexico, Latin America
Submitted by mexbiznews on Sat, 01/07/2012 - 5:42am
By Damien Cave
New York Times
When old-timers in Santa Maria Atzompa look around their town, all they see are new arrivals: young Mexican men working construction and driving down wages; the children of laborers flooding crowded schools; even new businesses – stores, restaurants and strip clubs – springing up on roads that used to be dark and quiet.
Throughout Mexico and much of Latin America, the old migratory patterns are changing. The mobile and restless are now casting themselves across a wider range of cities and countries in the region, pitting old residents against new, increasing pressure to create jobs and prompting nations to rewrite their immigration laws, sometimes to encourage the trend.
The United States is simply not the magnet it once was.
www.nytimes.com/2012/01/06/world/americas/migrants-new-paths-reshaping-latin-america.html
12,000 killed in 2011's surging drug violence
Washington Post - About 12,000 people were slain last year in Mexico’s surging drug violence, according to grim tallies reported by the country’s leading media outlets. Annual indexes of torture, beheadings and the killing of women all showed increases.
