Sentido Comun
El Semanario - Bids offered by the consortium led by Carlos Slim's IDEAL and that led by Portuguese Mota-Engil for the 250-kilometer northeast 30-year road concession were both below the minimum price, the Secretaría de Comunicaciones y Transportes (SCT) announced./p...
El Semanario - U.S. billionaire Bill Gates increased his holdings in Coca-Cola FEMSA, boosting his share in the second largest global bottler of Coke from 23.2 percent in February to 24.6 percent.
El Economista - The Federal Institute for Access to Public Information ordered the Tax Administration Service to reveal information related to individuals and corporations that benefited from the cancellation of tax credits, the amount reaches 73.9 billion pesos ($6.28 billion)./p...
El Economista - Investment by firms in Mexico increased by 0.19 percent in December for the third straight month but was 4.1 percent lower than the previous December, according to the National Institute of Statistics and Geography (INEGI)./p...
Sentido Comun - AeroMexico said it reached a labor agreement with the Association of Flight Attendants thus ending the three-day strike at its charter subsidiary, AeroMexico Travel. No details of the terms were revealed.
El Financiero - U.S. companies operating in Mexico, which generate 30 percent of employment in the country, are expected as the result of a survey to invest some $2.5 billion this year, said the president of the American Chamber of Commerce, Alberto Vilar Arellano./p...
Sentido Comun - The Ministry of Communications and Transport said in a press release that during 2009 it invested more than 40 billion pesos ($3.16 billion) in highway infrastructure, building over 5,000 kilometers of roads and highways.
Sentido Comun - Telefonos de Mexico is offering unlimited calls to the United States to customers who purchase its phone and Internet package to make telephone service more attractive and better compete against other phone companies moving to offer triple plays.
TruckingInfo - In addition to U.S. lawmakers and stakeholders, Mexico has now urged the United States to work harder to come up with a plan to end the ban on cross-border trucking, saying the U.S. is in violation of the North American Free Trade Agreement./p...
CNNMoney.com - The Mexico Fund, Inc. announced on Wednesday that the Board of Directors declared a distribution of $0.63 per share to stockholders of record on April 7, 2010, which is payable in cash on April 22, 2010. This distribution, the first corresponding to fiscal 2010, is the equivalent of 2.5% of the Fund's net asset value per share as of December 31, 2009./p...
Dow Jones - Mexican stocks closed virtually unchanged Wednesday in a second straight session of cautious trading. The market's IPC index closed down 8.41 points at 32,505.76. The peso gained strength against the U.S. dollar, closing at 12.6075 versus Tuesday's 12.6305./p...
Dow Jones - Mexico's biggest home lender, federal housing fund Infonavit, said Wednesday that it sold 4.93 billion pesos ($391 million) of mortgage bonds in its first issuance of the year. Insurance companies, brokerages, pension funds, wealth management firms and other institutional investors were buyers of the bonds./p...
Houston Chronicle - Houston and Mexican officials inked an agreement this week promising to promote more trade between the two longtime partners. In the next few weeks, Houston and ProMexico officials will meet again to figure out the industries they will focus on and ways to increase trade./p...
Business Standard - Patni Computer Systems said it will move from a temporary facility to a new IT business centre in Queretaro on March 12, increasing its workforce from 40 to 200, to expand its presence in Latin American markets./p...
Reuters - Mexico asked the International Monetary Fund to renew a $48 billion credit line on Wednesday to protect against possible market turmoil when rich nations withdraw life support from their economies.
CNNExpansión.com - Vehicle sales during February dropped by 3.3 percent compared to the same month last year, to 59.516 units. Vehicle production in Mexico, however, rose 55.6 percent, while exports jumped 96.8 percent on an annual rate./p...
CNNExpansión.com - Gloria Guevara Manzo takes over as the new Secretary of Tourism with the main challenge to revive the industry after the negative effects of economic recession and the A/H1N1 influenza outbrake that caused a 15.1 percent decline in foreign exchange earnings last year./p...
Sentido Comun - Grupo Aeroportuario del Centro Norte, OMA, reported a 12.5 percent drop in passenger traffic at its 13 terminals during the month of February compared with the same month in 2009. The fall is the 20th consecutive fall for the airport operator.
Maquila Portal - Prime Wheel, a Japanese manufacturer of custom automotive wheels, plans to start operations in Tijuana in two months, generating 1,000 jobs. Prime Wheel, founded in 1989, supplies wheels to companies all over the world.
Sentido Comun - Macquarie Infrastructure Fund Mexico, recently established by the Australian investment bank, announced it is participating as a member of a consortium that seeks to win the tender to build and operate several roads and bridges in the northeast.
