By John Hecht
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.
Sentido Comun - Cell phone users have registered more than 37.4 million phone numbers on the National Register of Mobile Phone Members before the April 10 deadline. Mexico has about 80 million mobile phone users.
The Hill - Export of U.S. frozen french fries and other frozen potato products to Mexico dropped in value by 50 percent from April to December 2009 after Mexico imposed a 20 percent tariff on frozen potatoes and other U.S. exports. Almost all of the lost business has moved to Canada./p...
Dow Jones - Mexico's stocks closed nearly unchanged in a volatile session Tuesday, as declines in individual shares offset gains in a benchmark exchange traded fund. The benchmark IPC index dipped 6.1 points to close at 32514.17. The peso extended gains against the U.S. dollar, closing at 12.6305./p...
Dow Jones - Mexican wireless operator and stock market bellwether America Movil said Tuesday it proposes paying dividends equivalent to 32 peso centavos a share. The proposal will be submitted to a shareholder meeting in April, along with a plan to set aside 50 billion pesos ($3.96 billion) for share buybacks./p...
San Antonio Express-News - Citing gunbattles, grenade attacks and "checkpoints" operated by Mexican drug cartels, the U.S. Consulate in Monterrey is warning U.S. residents to avoid travel on highways between Monterrey and Reynosa and Nuevo Laredo on the Texas border./p...
El Semanario - - Fifty-seven percent of senior company executives in Mexico don't expect the economy to recover from 2009's severe recession until 2011, despite current signs of a recovery in the country.
El Semanario - Andrés Manuel López Obrador (AMLO), who claimed he was elected in the last presidential race and set up a parallel government, causing a rift within the PRD, said in a visit to Nuevo Leon that he will again seek the presidency through a "progressive alliance."/p...
CNNMéxico - Mexico's consumer prices rose 0.58 percent in February, higher than was expected, because of a rebound in prices of some vegetables and services, the Bank of Mexico said Tuesday. Core inflation rose was 0.4 percent, more in line with expectations, according to the bank./p...
CNNMéxico - Senate PRD President Carlos Navarrete defended the electoral alliances the PRD formed with the PAN to contest governorships of at least five states in 2010 and revealed that his party is "carefully studying" the possibility of another coalition to beat the PRI in 2011 in the state of Mexico./p...
Sentido Comun - Grupo Lar, one of the largest real estate groups in Spain, said it plans to invest 476 million pesos ($37.62 million) this year in the Performa y Polaréa real estate projects in Mexico City and the Horizontes Ordaz project in Monterrey,...
Sentido Comun - Grupo Aeroportuario del Pacifico said in a press release that the number of passengers who visited their air terminals fell 4.5 percent -- 6 percent in domestic passengers and 2.4 percent in international passengers.
Sentido Comun - International reserves last week reached a new record of $94.54 billion after rising by $76 million over the previous week, the Bank of Mexico said Tuesday in a press release.
Sentido Comun - The sale, production and export of buses and trucks increased in February for the second consecutive month. Last month, truck sales rose 12.8 percent over the same month last year, its second consecutive increase and the highest since July 2008.
Kansas City Star - Kansas City Southern has bought the Puerta Mexico rail-truck facility in Toluca in the state of Mexico. Later this month, the railway plans to add direct train service from Puerta Mexico to Lazaro Cardenass, a port on Mexico’s west coast./p...
Reuters - San Francisco-based AMB Property Corp., which invests in distribution hubs, expects to soon offer a new commercial real state fund in Mexico that aims to draw investment from the nation's 14 private pension funds, which control $85 billion.
