Venezuela agreed to pay $600 million to Cemex, one of the largest cement companies in the world, in compensation for the nationalization of the local Cemex branch of the firm, an amount lower than that sought by the company.

The government of President Hugo Chavez in 2008 expropriated the assets of Cemex in Venezuela. Since then the parties held an arbitration before a dispute settlement body attached to the World Bank. (more…)

After production testing, Petroleos Mexicanos (Pemex), reported the discovery of a new natural gas field in the Gulf of Mexico.

In a statement, PEMEX said preliminarily estimated that the findings raise an incorporation of 3P reserves to 400.000 million cubic feet of gas with an estimated production of 27 million cubic feet per day. (more…)

The U.S. ambassador in Mexico, Anthony Wayne, presented the Secretary of the Navy, Admiral Mariano Francisco Saynez, a tactical transport aircraft and three non-invasive inspection vehicles for the fight against drug trafficking.

The U.S. government gave the Secretary of the Navy (Semar) a turboprop CASA CN-235 tactical transport and maritime patrol aircraft and three non-intrusive inspection vehicles to be used in the fight against drug trafficking, bringing the total equipment given and in training in the “Merida Initiative” to more than 700 million. (more…)

Daiana Guzman, the young female that accused Kalimba of sexually abusing her , has posed completely nude for Playboy . With a completely different, much thinner, more womanly and less girly girl look, Daiana posed for the December Playboy edition where she played a schoolgirl in pink lingerie on the cover and fully nude in the magazine.
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Powered by a twin cam in-line turbocharged four, cranking out some 260 hp and 257 lb-ft of torque, the mid-engined MXT weighs some 2,662 lbs, which according to an official press release enables it to dash from 0-62 mph in 4.9 seconds, and achieve more than 1.1 lateral g while cornering, making it very much in the spirit of the Lotus Elise. (more…)

Mexico could attract as much as $10 billion of investment per year with shale gas projects, Energy Minister Jordy Herrera said at an event in Mexico City.

The U.S. Energy Department estimates Mexico has 680 trillion cubic feet of shale gas and has the fourth-largest potential deposits behind China, the U.S. and Argentina, Herrera said. (more…)

President Felipe Calderon announced Thursday the new Secretary of Interior, six days after the tragic death of then head of the agency, Francisco Blake Mora. (more…)

Companies plan to invest around one billion dollars in a plant in Mexico, which would have an annual production capacity of 200,000 passenger cars, the Nikkei newspaper reported.

Japan • Automakers Nissan and Daimler AG are finalizing their plans to jointly produce vehicles in Mexico, according to the reports from the Nikkei newspaper. (more…)

Another singer was shot to death in Mexico, joining a long list of famous musicians killed because of  his music that tell stories about the lifestyle of drug traffickers, genre known as “corridos,” prosecutors said of the Narco Corridos singer Diego Rivas who was murdered at his home in Sinaloa , on Mexico’s Pacific coast. (more…)

Conflicting Reports on whether the same helicopter that killed the head of the Interior had President Calderon on it’s travel log later that day , since President Felipe Calderon was scheduled to fly to La Paz, Baja California. (more…)

Mexican Interior Minister Francisco Blake was killed in a helicopter crash on Friday, a blow to the government as it fights powerful drug cartels.

Television images showed the scattered wreckage of the helicopter on a hillside south of the capital, and the government confirmed that Blake and all others on board were killed. It did not say what caused the crash. (more…)

Mexico City .- In 2011, e-commerce will exceed 47 billion pesos, representing 28% more than in 2010 said Maurice Braverman , president of the Mexican Internet Association (AMIPCI) . (more…)

Mexico’s state-owned oil company Pemex said on Friday that Petrodec Limited, a privately owned liquefied petroleum gas trading company headquartered in Bermuda, won a bidding process to supply gas in 2012 and 2013. (more…)

Ventura sued the federal government in January, alleging that airport scans and pat-downs amounted to unreasonable search and seizure. A district judge in St. Paul threw out his lawsuit Thursday, ruling it should have been filed in a Circuit Court of Appeals.

Former Minnesota Gov. Jesse Ventura is so upset by the dismissal of his airport security lawsuit that he threatened Friday to apply for dual citizenship so he can spend more time in his beloved Mexico — or run for president of what he labeled “the Fascist States of America.” (more…)

Cannes .- While at the international G-20 forum witch brings together important industrialized and developing economies to discuss key issues in the global economy , President Felipe Calderón also took the time and met with the B-20 ( B20: expresses the views of the international business community and develops recommendations) and said currency manipulation has caused an “enormous imbalances” in trade amongst world economies, which is also a source of global crisis.

While participating in a meeting with business leaders from the B-20, alternating business summit, the president said it is not possible to talk free trade without reference to artificial sobredepreciación or depreciation of currencies in some countries like China. (more…)