Trade & Investment
Biobest launches beneficial insect venture in Mexico
Fresh Plaza - Biobest Mexico and Mexican partner Distribuciones Imex are starting a Mexican production of beneficial insects for use in both the Mexican and surrounding countries agricultural markets.
Chicago expo to encourage Mexicans to start businesses
PRNewswire - Chicago will host the second edition of Expo Mexico Emprende, an initiative of the Mexican government to encourage Mexicans on both sides of the border to use remittances to start and grow businesses in Mexico.
www.marketwatch.com/story/expo-mexico-emprende-2012-a-game-changer-for-entrepreneurs-2012-05-10
Mexico looks at rival Brazil and rues its fate
McClatchy Newspapers - The two most populous nations of Latin America have long jockeyed for hemispheric clout. Yet as Brazil became the world's sixth largest economy, its sustained economic rise has left Mexico - at No. 13 - feeling marginalized.
www.kansascity.com/2012/05/10/3604703/mexico-looks-at-rival-brazil-and.html
Slim seeks bigger share of U.S. phone market
Reuters - America Movil, the telecommunications company owned by Mexican billionaire Carlos Slim, intends to boost its presence in the United States with the purchase of California-based Simple Mobile, the second planned acquisition it unveiled this week.
www.chicagotribune.com/business/sns-rt-us-americamovilbre8490ux-20120510,0,418550.story
Bulltick to close Mexico brokerage after causing crash
Dow Jones - The local brokerage house of Bulltick Capital Markets has requested the Mexican securities regulator revoke its operating license after the brokerage triggered a mini "flash crash" in April by entering an erroneous trade.
www.foxbusiness.com/news/2012/05/09/bulltick-to-close-mexico-brokerage-after-causing-crash/
Stocks moderately lower as Euro concerns continue
Dow Jones - Mexican stocks were moderately lower in early trading on Wednesday as events in the euro zone continued to inject risk fears into market. The IPC index was losing 0.5 percent to 39,015 points.
U.S. blacklists two sons of El Chapo Guzman
BBC - The U.S. treasury department has put two sons of Mexico's most wanted man Joaquin "El Chapo" Guzman on its drugs kingpin blacklist. The move bars people in the US from doing business with Ivan Archivaldo Guzman Salazar and Ovidio Guzman Lopez
Mexican growers hope U.S. consumer eat more avocados
Fresh Plaza - Mexican growers hope to send more than 750 million pounds of avocados to the United States, which will exceed the amount exported last year by over 100 million pounds. They plan to build more demand with a new marketing campaign.
Gross fixed investment rises year-on-year
Reuters - Mexican gross fixed investment was essentially flat in February but the index was higher in year-ago terms for the lagging indicator of industrial sentiment. Spending on machinery, equipment and construction was up 11.7 percent.
www.reuters.com/article/2012/05/08/mexico-investment-idUSL4E8G87O020120508
Acciona eyes $3.04 billion expansion of Veracruz port
Business News America - Spanish company Acciona is eyeing a potential project to expand Mexico's port of Veracruz, Acciona Mexico director Guillermo Jiménez said. The proposed $3.04 billion project would add 32 docks as well as specialized terminals.
www.bnamericas.com/news/infrastructure/acciona-eyes-us3bn-veracruz-port-expansion1
