Trade & Investment

Trade & Investment

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.

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 - 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.

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.

Calderon proposes steps to combat money laundering

Washington Post - President Felipe Calderon proposed sweeping new measures Thursday to crack down on the cash smuggling and money laundering that allow Mexican cartels to use billions in U.S. drug profits to enrich their criminal organizations. Among actions banned would be buying real estate in cash.

Venezuela finds big drug haul bound for Mexico

Reuters - Venezuelan authorities found four tons of cocaine buried on a ranch on Thursday after stopping a plane presumably on its way from Mexico to pick up the illegal drug haul. Venezuela is a major transit route to Europe and the United States for Colombian-produced cocaine.

Geokinetics celebrates contract with Pemex

Dow Jones - Geokinetics Inc., a provider of seismic processing and services to mining and petroleum companies, received a $110 million survey contract from Mexico's state-owned oil company, Petroleos Mexicanos, or Pemex, for an ocean-bottom cable, transiton zone and land seismic data survey.

New law requires perscriptions for antibotics

KPBS - A new law in Mexico, which took effect Wednesday, means those who buy antibiotics south of the border must have a prescription from a Mexican doctor. Mexican public health officials say up to 60 percent of all the antibiotics Mexican pharmacies sell are to people who self-medicate.

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