August 2012
Slim buys 30 percent stake in two Mexican soccer teams
Bloomberg - America Movil, the mobile-phone company controlled by billionaire Carlos Slim, acquired 30 percent stakes in two Mexican soccer teams Club Pachuca and Club Leon - adding entertainment assets to compete with Grupo Televisa.
www.bloomberg.com/news/2012-08-31/america-movil-acquires-30-stakes-in-two-mexican-soccer-teams.html
Mexico gaining from competitive U.S. manufacturers
Bloomberg - Mexico is benefiting from ties to “very competitive” U.S. manufacturers as low wages lure producers discouraged by rising labor costs in Asia, Deputy Finance Minister Gerardo Rodriguez said.
www.bloomberg.com/news/2012-08-30/mexico-says-gaining-from-competitive-u-s-manufacturers.html
Wastewater project unearths Ice Age bones
AFP - Workers have discovered hundreds of bones belonging to Ice Age animals, including mammoths, mastodons and glyptodons, while digging to build a wastewater treatment plant north of Mexico City.
www.france24.com/en/20120831-mexico-wastewater-project-uncovers-ice-age-bones
Philippines and Mexico ink customs trade pact
Manila Standard Today - Philippines Customs Commissioner Ruffy Biazon signed an agreement with Mexican Customs Administrator Gerardo Perdomo to enhance trade facilitation and protection between the Philippines and Mexico.
manilastandardtoday.com/2012/09/01/manila-mexico-ink-customs-trade-pact/
2,000-year-old jaguar sculpture found in Chiapas
EFE - Mexican archaeologists discovered a nearly 2,000-year-old sculpture of a jaguar in the Izapa archaeological zone in the southern area of Chiapas, which was an important center built by a pre-Mayan culture.
Colombia might switch from Brazil to Mexico at IMF
Bloomberg - Colombia is considering a move from the constituency led by Brazil at the International Monetary Fund, to the one led by Mexico, outgoing Finance Minister Juan Carlos Echeverry said.
www.businessweek.com/news/2012-08-31/colombia-considering-move-from-brazil-s-to-mexico-s-imf-group
Excellon regains access to mine in Durango
Reuters - Canada's Excellon Resources Inc. said it has regained access to its Mexican silver mine following a nearly two-month blockade, but striking miners vowed to block access once more unless the company meets their demands by next week.
in.reuters.com/article/2012/08/30/mexico-mining-strike-idINL4E8JU5UK20120830
Consumers drive aggressive credit expansion
Nasdaq - Consumer lending drove credit growth in Mexico during July. Mexican commercial banks had 2.17 trillion pesos ($164 billion) in outstanding credit to private-sector entities as of July, up 10.2 percent on the year.
www.nasdaq.com/article/mexican-consumers-drive-aggressive-credit-expansion-in-mexico-20120831-00373
Mining production in June increased 4.1%
Market Watch - Mexican mining production in June was 4.1 percent higher than in the same month last year, boosted by gains in silver, gold, lead and zinc, while copper was nearly flat and the output of coal and iron fell.
www.marketwatch.com/story/mexicos-june-mining-production-rises-41-2012-08-31
Delta to enter repair venture with Aeromexico
Bloomberg - Delta Air Lines Inc. and Grupo Aeromexico said they will build a maintenance, repair and overhaul center in the central Mexican state of Queretaro, bolstering the region’s growing aerospace industry.
www.bloomberg.com/news/2012-08-31/delta-aeromexico-to-build-repair-center-in-central-mexico.html
