El Economista - Beginning on Wednesday, Dec. 2, individuals may invest a minimum amount of 20,000 pesos ($1,555.12) in housing certificates (cedevis) under a new investment fund offered by Infonavit.
MarketWatch - Mexico's benchmark stock index rose modestly Monday, helped by transportation stocks and extending a monthly rise rivaled only by Brazil's November gains. The IPC index rose 0.6 percent to 30,957, boosted by a more than a 4 percent rise in shares of both utility Grupo Elektra and airport operator Grupo Aeroportuario del Pacifico.
Dow Jones - Mexican consumer finance company Financiera Independencia said Monday that it has agreed to acquire rival Financiera Finsol in a 530 million peso ($41.1 million) deal that will boost its domestic operations as well as give it a presence in Brazil.
Dow Jones - Mexico's largest mortgage lender, federal housing fund Infonavit, said Monday it will ask its board of directors to approve a program of up to 525,000 loans in 2010, after missing its lending target this year.
Reuters - Leading Mexican home builder Homex said on Monday it could expand a 1,300-unit pilot project in Brazil in the coming year. Homex recently registered with the U.S. Securities and Exchange Commission to raise as much as $100 million, which could be used to expand its Brazil operations.
Dow Jones - Aeromexico expects its passenger traffic to grow by about 5 percent in 2010 after falling 3 percent this year amid the global economic crisis and local A/H1N1 influenza outbreak. Aeromexico, together with low-cost subsidiary Aeromexico Connect, posted passenger traffic of 10.5 million in 2008.
Reuters - Mexico on Monday awarded a $771 million port terminal concession to Philippines' port operator International Container Terminal Services Inc (ICTSI), which will build and operate docks with a capacity to handle 2 million containers a year.
El Semanario - The death of Joaquin Vargas Gomez, a pioneer of telecommunications in Mexico and the founder of MVS Comunicaciones, died in the Federal District over the weekend. A native of Linares, Nuevo Leon, he was 84.
El Semanario - President Felipe Calderon's statement that Mexico's economy might shrink between 7 to 8 percent in 2009 has increased uncertainty about the future of the national economy since the figure will define whether the economy is improving.
Dow Jones - Mexican communications firm MVS Comunicaciones has reached a preliminary agreement with Clearwire Corp. and Intel Corp. to invest $700 million in a wireless broadband network covering 23 cities, a top company official said Friday.