Financial Times - Brazil’s Roberto Azevêdo has emerged as the new director-general of the World Trade Organization after seeing off the US and EU’s favoured candidate, Herminio Blanco of Mexico, according to officials familiar with the contest.Trade & Investment
Havell's plans to spend $100 million on plant
Maquila Portal - With a $100 million investment, the India-based company Havell's SLI Lighting will build – or will purchase – a lighting products manufacturing plant, with the purpose of reaching a 15 percent share of the Mexican market within the next two years
Calderon seeks to mend chilly Canadian relations
Canadian Press - Business, drugs and Mexico's hurt feelings might all be on the table when President Felipe Calderon and Prime Minister Stephen Harper sit down to a working lunch in Ottawa. Calderon is in Canada until Friday and expectations are high the visit will help heal relations between the countries.
www.ctv.ca/servlet/ArticleNews/story/CTVNews/20100527/calderon-ottawa-visit-100527/20100527
America Movil downplays report of Brazil merger
Dow Jones - America Movil, Latin America's biggest mobile operator, said Wednesday that it has no plans to change its management team in Brazil following a report that it wants to merge its wireless and fixed-line assets in that country. The statement was in response to a story published Wednesday by newspaper Folha de Sao Paulo that Embratel and Claro will merge operations.
online.wsj.com/article/BT-CO-20100526-715775.html
Slim to merge Brazil fixed, mobile phone services
El Semanario - In an attempt to reduce costs, the Mexican entrepreneur Carlos Slim plans to merge its fixed and mobile telephony businesses - Sure and Embratel - in Brazil, according to the newspaper Folha de Sao Paolo. The move is reportedly to counter competition from Vivendi, Telefonica and Portugal Telcom.
Purchase of Satmex could improve service
CNNExpansión.com - The use of fiber optics and satellites in the transmission of television signals and voice communication could achieve better levels of competitiveness in Mexico if Satellites Mexicanos (Satmex) is acquired by MVS and EchoStar Satellite Services.
www.cnnexpansion.com/tecnologia/2010/05/24/satelites-y-fibra-optica
Foreign investment rises to $4.33 billion in 1st Q
Sentido Comun - Mexico attracted $4.33 billion in direct foreign investment in the first quarter of 2010, a figure 8.5 percent higher than the $3.99 billion received in the first quarter of 2009. Forty-two per percent of the total went to trade ventures, 34 percent to manufacturing and 20 percent to financial services.
Lazaro Cardenas recieves its largest cargo ship
Sentido Comun - The port of Lazaro Cardenas in Michoacan received the largest vessel in the history of Mexico, the Ministry of Communications said in a press release. The ship, the Taikung, has a load capacity of 8,500 containers.
Twenty percent of Mexico's wine is exported
Sentido Comun - Twenty percent of wine produced in Mexico is exported to more than 30 countries. More than 50 winemakers offer around 300 labels of red, white, rosé and sparkling wines in a business that generates 22,000 jobs. Baja California is the site of 85 percent of the wineries.
Trade council says insecurity worst than taxes
El Economista - The Mexican Foreign Trade Council (Comco) has warned that the problem of insecurity has become a heavier burden compared "to the already burdensome" tax system, said Eugenio Clariond, chairman of Comco's U.S.-Mexico business committee.
eleconomista.com.mx/industrias/2010/05/25/inseguridad-pesa-mas-que-fisco
Cemex is investing $230 million in Peru
El Economista - Cementos Mexicanos and the Blue Rock Cement Holdings fund operated by Blueprint Management Partners will invest $230 million in a cement plant in Peru that will be completed in 2013 and enhance Cemex's operations in the country, confirms Peru trade minister Martin Perez.
eleconomista.com.mx/corporativos/2010/05/25/confirman-inversion-cemex-us230-millones-peru
