Petroleos Mexicanos, wants Billions more in capital expenditure money for 2012
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Mexico
Posted July 30th, 2010 at 2:48 pm
Mexico's state oil company Petroleos Mexicanos, or Pemex, wants more capital expenditure money for 2012 as it seeks to control declining production at offshore deposits, squeeze more crude out of new and mature onshore fields, and move forward with plans to dip into the deep waters of the Gulf of Mexico despite the BP oil spill, officials said Friday.
While Pemex's investment budget for exploration, production and processing plants for next year is still being negotiated, it should be similar t...
Mexican telecoms mogul Carlos Slim Buys Duke-Semans Mansion on Fifth Avenue
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Mexico
Posted July 30th, 2010 at 12:59 pm
The world's richest man, Mexican telecoms mogul Carlos Slim, is expanding his portfolio of New York City properties with the purchase of the landmark Duke-Semans Mansion on Fifth Avenue for $44 million, according to the The Wall Street Journal. It's a price considered something of a discount but still the fourth highest price ever paid for a Manhattan townhouse.
At just under 20,000 square feet, the home on 82nd Street is in spitting distance of the Metropolitan Museum of Art, but is ...
Mexican genetic evidence points to Northeast Asia
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Mexico
Posted July 23rd, 2010 at 2:07 pm
"All of the current genetic evidence points to Northeast Asia as the main source for Native Americans," Malhi said.
This undated photo taken at the France-based Atelier Daynes in Paris, released on Friday, July 23, 2010, by Mexico's National Institute of Anthropology and History, shows a scientific reconstruction of an ancient woman known as La Mujer de las Palmas, based on the skeletal remains of a female who lived between 10,000 and 12,000 years ago in Tulum, Mexico. Experts reconstructed w...
U.S. Sends Help to Mexico After Series of Deadly Attacks
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Mexico
Posted July 19th, 2010 at 3:06 pm
The head of U.S. Customs and Border Protection on Monday said immigration officials are working closely with Mexican authorities to investigate a series of stunning attacks in Mexico including a car bomb in the border city of Juarez that has drawn comparisons to Middle Eastern terrorism.
Bersin said the violence is the result of "civil war" among the cartels.
"We see this as part of an ongoing threat that we've been cooperating deeply with the government of Mexico to confront," h...
Nissan to Invest Millions in Mexico on New Models
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Mexico
Posted July 15th, 2010 at 7:08 pm
Nissan will produce 300000 of those models a year in Mexico, 80 percent of which will be distributed in the Americas, Ghosn said.
Nissan Motor Co.'s (7201) top executive Carlos Ghosn expects 2010 to be a record year for the global auto industry and total sales.
"This market share is not only sustainable but should continue to grow," Ghosn told reporters in Mexico City....
Mexican production of cars and light trucks more than doubled in June
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Mexico
Posted July 12th, 2010 at 5:20 pm
(mexico) -- Mexican production of cars and light trucks more than doubled in June from the same month a year earlier as the country exported a record number of vehicles, the nation’s Automobile Industry Association said. Output increased 102 percent to 206,195 units last month, the group said today in a statement distributed in Mexico City.
That’s the third highest monthly total in Mexico’s history, trailing the months of August 2007 and October 2008, according to Eduardo Solis, the head...
A Travel Trip to the Mexican state of Oaxaca
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Mexico
Posted May 30th, 2010 at 10:31 am
MAZUNTE, Mexico | In the small Mexican beach town of Mazunte, there are no cruise ships calling, no college-age hooligans binge drinking and no towering hotels in all-inclusive resorts.
None of that.
Instead, in this sunbathed town on the Pacific Coast of the southern Mexican state of Oaxaca, locals come to dip in the ocean. Fishermen unload cases of sharks in the morning. Kids play beach soccer, with sticks in the sand for goals. Dirt roads lead to the shore. Locals lounge on hammocks...
Mexico Stocks Open Higher On Earnings Hopes; Peso Flat
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Mexico
Posted April 13th, 2010 at 12:23 am
MEXICO CITY (Dow Jones)--Mexican stocks continued their winning ways in early trading Monday, rising 0.2% as investors anticipated positive earnings reports and European leaders said they would help Greece with its debt.
The IPC index of the leading 35 stocks stood at 33,907 at around 10:45 a.m. EDT. Volume was 18 million shares worth 568 million pesos ($47 million).
The Mexican stock market hit its all-time closing high on Friday at 33,841 on confidence in sustained global economic growt...
Tulum, Quintana Roo state airport project
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Mexico
Posted March 25th, 2010 at 12:53 am
Mexican President Felipe Calderon on Monday announced the coming tender for the Riviera Maya airport project, saying it would be the first in Mexico to be built completely with private funds.
Calderon, who did not give dates for the bidding process, put the estimated cost for the airport project at 3.2 billion pesos ($255 million).
Calderon made the announcement in Tulum, Quintana Roo state, on one side of a large tourist zone that runs from Cancun to the site of Mayan ruins in Tulum.
T...
EMERGING MARKETS – Mexico stocks end at record highs
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Mexico
Posted March 22nd, 2010 at 3:52 pm
MEXICO RECORD
Mexico's benchmark IPC stock index .MXX hit a record
high, up 0.36 percent to 33,142.02 points.
For Mexico, Latin America's No. 2 economy and one which sends 80 percent of its exports to its northern neighbor, passage of the U.S. healthcare bill eased investor uncertainty on the long-debated legislation.
The U.S. House of Representatives passed the healthcare reform legislation late on Sunday, capping a year of debate
that had frustrated the legislative goals of U.S. Pre...
