Ciudad Victoria, Tamaulipas (15/OCT/2011) .- A quarrel recorded this morning in the Matamoros prison ends leaving 20 inmates dead and 12 more injured, reported the Ministry of Public Security of the State.

Police said the brawl occurred when two inmates began fighting, the other inmates joining after , culminating with the reported death toll.  (more…)

Petroleos Mexicanos (Pemex) increased their income from U.S. sales of 39.3% in the first eight months of 2011, reported the Department of Commerce.

Pemex had revenues of 26.7 billion between January and August, in relation to the 19.1 billion for the same period in 2010, according to the trade report from PEMEX. (more…)

The deterioration in the expectations of growth and the favorable inflation performance open the possibility of a rate reduction

Although this Friday the Bank of Mexico decided to maintain the level of 4.5% interest rate target in its statement the central bank acknowledged it might make “appropriate relaxation of Monetary policy “at new sign of any further deteriorating of growth prospects. (more…)

Despite the international economic crisis, the production and export of new vehicles were able to grow in “record numbers” in the history of the Mexican automotive industry, to produce 1 million 905.659 cars from January to September this year, while 1 million 580.651 units were sold abroad. (more…)

Mexico City .-The strategic alliance between ProMéxico and Banco Santander hopes to  support companies wishing to internationalize their business and allow for greater investments in Mexico. (more…)

With 3.1 million customers, Mexico has the largest market for microfinance in Latin America and the Caribbean, followed by Peru with 2.2 million and Brazil with 1.9 million, according to the Multilateral Investment Fund (MIF). (more…)

Mexican gymnast Cynthia Valdez is showing strong recovery from her injury and will be ready to compete on Saturday in rhythmic gymnastics at the 2011 Pan American Games that will be held in Guadalajara , said deputy chief Alejandro Cardenas. (more…)

Various financial institutions analysts agreed that after the crisis experienced by the markets in 2008 and the current financial environment dominated by global volatility has led to the transfer of economic power from developed countries to emerging economies.

According to data from International Monetary Fund (IMF) and World Bank (WB), emerging markets will grow at a rate of 6% over the next two years , while advanced will do so in 2 percent. (more…)

The international reserves of Mexico reached a new record of 138. billion dollars , compared with an earlier peak of 137. billion recorded on September 30 said Banco de Mexico ( Mexico’s central Bank).

The bank said the weekly increase in foreign reserves of $60 million was the result of change in the valuation of foreign assets and various operations conducted by the institution itself. (more…)