A prosecutor from southern Texas (U.S.A) was found dead in the border city of Matamoros, the Mexican state of Tamaulipas, and authorities are investigating the circumstances of death, reported a source official. District Attorney Armando R. Villalobos said in a written statement for newspapers addressing unconfirmed reports that the death might have been a suicide.
Mexico
U.S. authorities allowed thousands of weapons purchased by smugglers to arrive in Mexico as part of an operation to locate the complete chain of drug cartels in Mexico. The initial objective was to ensure the weapons do not get into Mexico and stop the gun smugglers before crossing the border, however that part of the operation failed and thus let thousands AK-47′s and other guns reach their destination, said a U.S. federal agent.
The Mexican brewer is chafing under its partnership with Anheuser-Bush InBev. While some global brewers are aggregations of local beers that are each strong in their home markets, Mexico’s Grupo Modelo is the owner of a true cross-border success story: Corona. The pale lager’s foreign appeal has helped shift more than 40 percent of Modelo’s sales to markets outside Mexico. And Modelo managers believe there’s more growth ahead if they can continue expanding their brews [...]
By Bob Davis During the past 30 years, China’s growth has left Mexico’s in the dust, even though both countries have liberalized their economies, vastly turned to foreign trade and shed many of the constraints imposed by one-party rule. Indeed, Mexico has gone much further than China in the latter area, turning itself into a genuine democracy in the mid-1990s after decades of single-party control.
Pancho Villa’s Heir Fighting Drug Cartels in Mexico. Carlos Villa is the great-nephew of Doroteo Arango a.k.a. Pancho Villa, the most charismatic revolutionary, and to those that know the young Villa, a carbon copy of the beloved Mexican general. With his foul mouth and a faithful pitbull next to him at all times, Carlos Villa combats drug trafficking in Torreón, where he is the police Chief. He is also referred to as a General since [...]
Slim has ramped up mining projects in Mexico this year, taking advantage of high commodities prices and China’s appetite for metals. “Mining is seeing perhaps unusually high prices currently, and exports of these goods have become very attractive,” the businessman said in Buenos Aires last month. Minera Frisco and Inmuebles Carso both plan to subscribe 2.745 bn shares each in the market next week. Slim and family members will hold close to 79% of the [...]
Specialty finance company Navix de Mexico placed 4 billion pesos ($322 million) in equity-linked structured notes known as CKDs on the Mexican Stock Exchange Wednesday, marking one of the largest placements to date for the new instruments. Javier Artigas, director of strategic planning and marketing for the exchange, said the public offering from Navix will be the last in what has been a stellar year for the Mexican bourse. Companies have raised MXN29 billion on [...]
Mexican Film Director Alejandro González Iñárritu talks about the film and his view of immigration in Europe. It also shows illegal immigration in Europe? Alejandro Gonzalez: Technology is global, markets have to be global. The idea that human beings can’t be global is stupid. While they are still thinking like that we will create enormous social tensions. In 25 years Europe will be Muslim. That is a fact, it’s a statistic. If they don’t start [...]
Calls from fixed lines to cellphones in Mexico will drop nearly 11% starting Jan. 1 as a result of agreements between operators, the country’s biggest fixed-line company said Friday. Telefonos de Mexico (TMX, TELMEX.MX) said in a press release that the cost per minute for calls from its fixed lines to mobile phones will be 1.35 pesos (11 cents) under the “calling party pays” system. Telmex, which controls more than 80% of Mexico’s fixed phone [...]
Thanks to a Mexican supreme court ruling on Tuesday, Pemex now has the ability to offer the foreign oil companies more of an incentive to come down to Mexico. While the state will continue to own the oil, the government is allowing Pemex to pay foreign oil companies a fee on each barrel of oil they extract. That differs from the old system where they would be paid a flat fee for completing the project. [...]
