General Motors named Ernesto Hernandez, president and general manager of GM of Mexico, becoming the first Mexican to assuming this position in the country.

With this appointment, which will be effective from June 1 next Ernesto Hernandez replaced Grace D. Lieblein, who will assume the Presidency and Directorate General of the company in Brazil.
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Mexican miner Grupo Mexico reported Tuesday a sharp rise in its first-quarter net profit, driven by higher metal prices and the resumption of operations of Buenavista del Cobre mine.

According to information provided by the company to the stock market, net profit amounted to 6.206 million pesos ($ 532 million) compared to 4.482 million pesos (362 million dollars) from January to March period of 2010. (more…)

Puebla, Pue. The local president of the National Chamber of Industry (Canacintra), Luis Espinosa Rueda, said the lack of adoption of structural reforms, notably the labor and tax, the country’s growth instead of being just 4% The country could double it’s growth.

At a news conference, expressed regret that once again the Congress to postpone the approval of the amendment to the Federal Labour Law (LFT), although it was said that this time there was already agreement yet it was still postponed. (more…)

The head of the Ministry of Finance and Public Credit (SHCP), Ernesto Cordero, acknowledged yesterday that the impact of violence “in some regions of the country” has created “barriers to investment, trade and the establishment of business “, and urged municipalities and affected state governments to invest more in security.

“Many of the crimes and the crime that is affecting Mexico and are the responsibility of states and municipalities, and they definitely should channel more resources “, considered Cordero Arroyo, when asked about the low level of investment that state governments earmarked for public safety, and in 2010 reached only 4.1% of its overall budget, according to a report of the federal Public Security Secretariat (SSP) published by El Universal. (more…)

Washington, USA .- United States will support Mexico with two air tankers to fight wildfires that have consumed about 100,000 hectares in the border state of Coahuila.

The Environment Ministry said in a statement the U.S. embassy in Mexico offered the support of two tanker aircraft type C-130 U.S. Air Force. (more…)

America Movil said in a statement to the BMV, the Federal Competition Commission (Cofeco) imposed a fine of nearly U.S. $ 1 Billion for alleged monopolistic practices.

The fine of 11.989 million pesos, refers to an investigation launched in November 2006 against the subsidiary Radiomóvil Dipsa SA de CV. (more…)

Mexico and 15 Caribbean countries are the only ones in Latin American who have not achieved a full recovery, which has limited their ability to regenerate employment at a relatively brisk pace, lamented the World Bank (WB).

This is “despite the strong growth in Mexico in 2010, 5.5%, which was insufficient to fully offset the sharp economic downturn of 2009,” the report said (more…)

Mexico works harder than any of the 34 partner countries in the Organization for Economic Cooperation and Development (OECD), according to a report of that institution.

Mexicans spend 10 hours a day to work, both paid and unpaid jobs, the report said Social Panorama 2011, which measures the success of social policies among member countries of the body. (more…)

Mexico .- The General Director of PEMEX, Juan José Suárez Coppel said that Mexico still has enough oil reserves for more than 10 years, but said that the length of these depend on the development of new technology to make efficient use of resources.

During his inaugural lecture of the second day of space activities in 2011, the official noted that oil and gas still have much future, although there are reports that there is only a little more reserves for 10 years. (more…)

The international reserves reached new highs last week above the 123 billion dollars (mdd), reports this morning the Bank of Mexico (Banxico).

In the week ending April 8, international reserves increased 556 million dollars, as pointed out by Banxico in it’s statement , with the reserves amounted to 123.149 billion dollars, a new historical high. (more…)

The (SSPM) reported the capture of Manuel Rodríguez Pérez Marcos, “El Virus”, alleged murderer of a Border Patrol agent (Border Patrol) United States.

The director of the Municipal Police, Adrián Hernández Martínez, said the arrest of Rodriguez Perez, 26, happened thanks to intelligence work in coordination with authorities in Mexico and the United States. (more…)

Mexico’s industrial activity grew by 5.2% in February 2011 compared with the same month last year, reported the National Institute of Statistics and Geography (INEGI).

This improvement resulted from an increase of 7.3% in manufacturing output, the result of increased production of transport equipment, food, basic metal industries, machinery and equipment, products made of nonmetallic minerals, plastic and rubber, computer equipment, communication and measurement, electronic components, beverages and snuff. (more…)