Sentido Comun - Exports in July registered a 29.5 percent increase compared to the same month last year, the ninth consecutive increase. Imports registered an increase of 26.5 percent, the eighth consecutive increase. Mexico registered a trade balance deficit of $1.03 billion.Trade & Investment
Cemex to supply cement for German power plant
Sentido Comun - Cemex received a contract to supply 350,000 cubic meters of concrete for the construction of a coal-fired power plant in Hamburg-Moorburg, Germany. A company statement did not disclose financial details of the contract.
SSA plans $12 million investment at Manzanillo port
Sentido Comun - SSA Mexico, a unit of Stevedoring Services of America, said it will invest $12 million this year in its container terminal at the port of Manzanillo to improve technological processes so that it can make the port a hub for distribution.
Drug war creates "medium risk," says Mexico
Bloomberg - Mexico’s increasing violence poses a risk to the nation’s credit rating in the “medium term” and may threaten economic growth, Mauro Leos, an analyst at Moody’s Investors Service, said. Moody’s probably won’t downgrade the country before President Felipe Calderon’s term ends in 2012.
Whirlpool plans to expand in U.S., not Mexico
Tennessean.com - Whirlpool Corp. plans a $120 million project in Cleveland, Tenn., after considering sites in Mexico. The new plant is the centerpiece of some $440 million in upgrades as the company shifts away from low-cost overseas locales in favor of domestic operations.
www.tennessean.com/article/20100901/BUSINESS01/100901022/-1/WORKAROUND01
Illegal immigration from Mexico declines overall
Dallas Morning News - The unlawful flow of Mexican immigrants into the U.S. continues to slow, and the nation's illegal immigrant population is down by nearly 1 million people, said a report released today, Wednesday. But Texas showed an increase of 200,000 between 2007 and 2009.
www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/090210dnmetimmigstudy.af79582c.html
Metrofinanciera seeks bankruptcy in U.S.
Bloomberg - Metrofinanciera, a closely held provider of mortgage loans in Mexico, has sought bankruptcy court protection from U.S. creditors. The company, based in Monterrey, listed both debt and assets of more than $500 million in Chapter 15 documents.
Manufactuing workforce grows 2.3% this year
El Financiero - Manufacturing employment recorded an increase of 4.7 percent in June, compared to the same month last year, to close the first half of the year with an increase of 2.3 percent, the Institute National Statistics and Geography (INEGI) reports.
Concamin warns economy will slow in rest of 2010
El Financiero - Mexican economic growth will slow in the remainder of the year due to the downturn in the U.S. economy and the domestic economy is not strong enough to offset the U.S. impact, the Confederation of Industrial Chambers (Concamin) warned.
Eva Longoria launches "Eva" perfume in Mexico City
Celebrity Gossip.net - Hoping for big sales at south-of-the-border retailers, Eva Longoria launched her new perfume "Eva" at the Liverpool Polanco store in Mexico City on Saturday before returning to Los Angeles for an appearance at the Emmy show.
celebrity-gossip.net/eva-longoria/eva-longorias-mexico-city-perfume-endeavors-404501
Footwear exports grow 60% in first half of year
La Cronica de Hoy - Mexican exports of footwear increased 60 percent over the same period last year and total sales for the year are expected to realize a 40 percent growth from last year. The industry is facing an opening of the domestic market, however.
