Trade & Investment
Reuters - Mexico's Cemex said on Tuesday it expected that the overall volumes of cement will remain flat during 2010, but expected a rise of 5 percent in its main market, the United States. Finance VP Fernando Gonzalez predicted the company's EBITDA to reach $2.65 billion at the end of the year.
NPR - A wave of drug violence has hit the northern Mexican city of Monterrey at the same time that its factories have started to come roaring back from the global economic downturn. The production of auto parts in the area jumped nearly 75 percent, but killings, extortion and kidnappings are limiting new ventures in what's known as the "business capital of Mexico."
Sentido Comun - Exports registered a 28.8 percent increase in June compared to the same month last year, the eighth consecutive increase, although June's rate was lower than in the last five months. Exports totalled $24.99 billion, with manufacturing leading the way.
Reuters - Shares in Mexican miner Grupo Mexico rose on Friday after the company said its wants to boost efficiency by fusing units Asarco and Peru's Southern Copper, one of the world's biggest copper producers, offering a swap to shareholders in the Peruvian firm.
Milenio - Many stores in Mexico stayed opened at midnight Thursday for the iPAD's arrival in the country. Some offered special deals, selling Apple's newest product for 7,498 pesos to 12,499 pesos (about $600 to $1,000 dollars), depending on the model's storage capacity.
CNNExpansion.com - Mexico's Senate is considering an initiative to limit commercial cash money transactions to $10,000 as a way to thwart the financial transactions of organized crime in Mexico. The measure is expected to be presented in the Senate's next regular session.
Sentido Comun - Kansas City Southern de Mexico (KCSM) said that it will resume service to Nuevo Laredo this weekend after having to interrupt it because of the heavy damage caused by rains from Hurricane Alex. Ferrocarril Mexicano said two days ago that its rail services to border crossings were open.
Sentido Comun - Copamex, the second largest producer of paper products in Mexico, sold its diaper-making subsidiary, Child Hygiene of Mexico, to a subsidiary of the Swedish paper company, Aktiebolaget Svenska Cellulosa, for about $220 million.
Sentido Comun - The Ministry of Agriculture said that the production of strawberries, blackberries, raspberries and blueberries rose 6.4 percent to 364,156 tons last year, 22,000 tons more than in the previous cycle. Strawberry production increased the most.
Sentido Comun - The amount of cargo processed through Mexico's ports rose 25.1 percent in the first half of the year. Containerized cargo recorded an increase of 32 percent. The Port of Manzanillo handled the most cargo, followed by Lazaro Cardenas and Altamira.