TV Technology - Riedel Communications has opened a dedicated sales outlet in Mexico City to address growing demand for real-time video, audio, data and communications network solutions in Mexico, Central America, and the Caribbean.
Plastics News - Arburg GmbH & Co. has completed the installation of several hundred injection molding machines at the Mexico plant in Ciénega de Flores near Monterrey of toy-brick maker Lego.
Sentido Comun - Industrias CH, a Mexican company dedicated to the production of steel plants in Mexico, USA and Canada, said it signed a contract with TransCanada Pipelines to provide 117.5 miles of pipe 30 "in diameter in the next 14 months.
Plastics News - Concours Mold Inc. is investing $5.5 million to almost double the size of its manufacturing facility in Huejotzingo, in the state of Puebla. The Ontario company opened the plant in July 2010.
Reuters - Mexico's ambitious bid to overhaul its phone and television markets threatens to eat into revenue of the major players, telecoms tycoon Carlos Slim and TV mogul Emilio Azcarraga, and may force the two to seek new business on each other's turf.
CayCompass.com - The Cayman Islands has revoked the banking licence for the local branch of HSBC Mexico. Internal HSBC documents showed that the Cayman accounts had operated with deficient anti money laundering and know your customer information.
Bloomberg - Mexico’s biggest homebuilders tumbled for a third day after meetings with investors in New York and London failed to quash concern that the companies will struggle to finance themselves amid increased costs.
EFE- Mexico's Grupo Financiero Banorte said it completed its $1.7 billion acquisition of the retirement management business of Bancomer, which is controlled by Spanish banking giant BBVA.
Business Standard - Venus Remedies, a research-based pharmaceutical company, has received grant of market authorization from Mexico for its Meropenem 500mg and Meropenem 1000mg. At present, Meropenem sales account for $16.3 million in Mexico.
Reuters - Mexico's benchmark IPC stock index fell 1.13 percent on Monday, dragged lower by Carlos Slim's phone company America Movil and Emilio Azcarraga's broadcaster Televisa, both targets of reform that aims to curb the companies' dominance.