‘Mexico’s disciplined economic policies, improved external liquidity position as well as modest fiscal and external imbalances place the country in a good position to withstand the volatile international financial environment,’ said Shelly Shetty, Head of Fitch’s Latin America Sovereigns Group. External resilience will be supported by a stronger international reserves position than pre-crisis levels as well as access to the sizeable IMF’s Flexible Credit Line. read more

The Mexican airline Volaris signed a contract with the European aircraft manufacturer Airbus for the purchase of 44 aircraft in order to significantly increase its capacity and meet national and international market demands. According to information from the company, the transaction “is the largest” by a national company, The deal amounts to the largest single commercial aircraft order ever by an airline in Mexico, which is valued at an investment of close to 4.4 Billion [...]

While the United States and Canada fell 5% attendance compared to 2010, in Mexico the situation was reversed and even broke through the 200 million attendees and thus was a great year for Mexican cinema, even with lowered ticket price.  According to the National Film Industry and Videogram (Canacine), the total attendance at movie theaters in Mexico reached 205.2 million viewers.

On  January 5th the Board of Directors of Petróleos Mexicanos will decide it’s new strategy towards Repsol. Among the decisions it could take is raising its stake or sell part of it’s interest in the Spanish oil company.

Embratel , The Brazilian subsidiary of America Movil, a conglomerate controlled by Mexican billionaire Carlos Slim will invest 10 billion reais (about 5.4 billion dollars) in 2012, reported the newspaper Folha de São Paulo. This amount exceeds the investments of 9.4 billion reais ($ 5.80 billion) accumulated this year form the other top three telecommunications companies: the mobile operator Claro, fixed telephony network Embratel and Net cable television.

MEXICO CITY, December 26, 2011 .- The cement prices in Mexico increased 13.4% in December over the same month last year, bringing the main input for the building was located on average at around 2.329 pesos per ton, although Cemex marks were placed with the highest price in pesos and Holcim 2.478 was the cheapest to be marketed in 2.352 pesos.

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.

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.

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.

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.

Mexico’s poultry and food processing company Industrias Bachoco agreed to acquire U.S. OK Industries as part of its international expansion. Bachoco, which did not disclose the amount of the transaction, said OK Industries is a private poultry company with sales of approximately $600 million annually, with facilities in Arkansas and Oklahoma.

The Franco-German-Spanish company Eurocopter announced in Queretaro initial investment of $100 million in a plant for the production and assembly of aircraft components for helicopters, to total investment could reach $550 million in the long-term.

Former Brazilian President Luiz Inacio Lula da Silva proposed the formation of a joint venture between Petroleos Mexicanos (Pemex) and Petroleo Brasileiro (Petrobras) in order to create a third company that would  jointly exploit other markets and make investments in new technology.

U.S. authorities agreed to let Grupo Bimbo proceed with the acquisition of fresh bread business from Sara Lee U.S., for $ 709 million – down from $959 million, after getting the green light from U.S. authorities Grupo Bimbo said it will invest 1 billion dollars to improve it’s U.S bakery plants and build new facilities.

Downtown Cancun • The first flight from Paris to Cancun, arrived on a modern Boeing 777-300 aircraft, of Air France, with capacity for 472 passengers, it was received by the governor of Quintana Roo, Roberto Borge Angulo. After greeting the first passengers that descended from the aircraft that arrived to the Terminal 3 at Cancun International Airport, the Governor presided over a brief ceremony accompanied by the CEO of Air France Mexico, Jérome Salemi, and [...]

The first commercial truck from Mexico that will travel to Garland, Texas from Apocada, Nuevo Leon, Mexico, crosses the World Trade Bridge from Nuevo Laredo, Tamaulipas, Mexico into Laredo, Texas, Friday, Oct. 21, 2011. This will mark the first time under the North American Free Trade Agreement, a Mexican tractor-trailer has crossed the border into the U.S. on its way into that country’s interior. The NAFTA trucking program was stalled for years by American politicians [...]

The agreement is still valid because it was made between companies and between people, said a Pemex spokesman, adding that its director Juan Jose Suarez Coppel expected to speak “soon” with the new president of Sacyr on changes in the company.

The Mexican telecoms giant America Movil looked to the Japan credit markets this week after issuing “Samurai” bonds of Y12 billion for three- and five-year this Friday in Japan. It’s an unusual step for a Latin American company ,America Movil S.A.B. de C.V. (AMX.MX), a major wireless services provider in Latin America.

Pemex’s director, questioned by investment in Repsol. Juan Jose Suarez Coppel, managing director of Petroleos Mexicanos (Pemex) has been unable to convince the Mexican deputies on the alleged benefits of the stock purchases by the Mexican oil company Repsol By which expanded its holdings in Spanish company from 4.8 to 9.8%. At a session lasting over three hours , in which the tone were complaints from opposition lawmakers, Suarez Coppel recognized that the Pemex Board [...]