Following similar complaints against Argentina by the European Union, United States and Japan, Mexico has launched its first dispute against Argentina at the World Trade Organization, the WTO announced on Monday.
Due to increasing economic stability and a growing population, Brazil is now widely considered an economic powerhouse capable of maintaining and attracting foreign direct investments.(1)(2) However, recent corruption schemes, changes in monetary policy, and the ongoing 2008 global financial crisis have undermined Brazil’s shining reputation. In light of Brazil’s governmental intervention, the number of state-controlled enterprises, the growing debt-to-GDP in the private sector, and inflation rates, investors have begun to turn their attention to other economies in Latin America, especially Mexico.(3)
Mexico's ruling conservatives lent their support to accusations that President-elect Enrique Peña Nieto benefited from laundered money in his campaign, piling more pressure on the country's next leader.
Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds passing through its accounts.
Mexican hotel operator Grupo Posadas said Monday it reached an agreement to sell its properties and management contracts in South America to French hospitality company Accor for 275 million dollars.
Enrique Peña Nieto won Mexico's July 1 presidential election by 3.3 million ballots, or almost 7 percentage points, although allegations of excessive campaign spending and voter fraud could be reviewed by the electoral tribunal, officials said.
Mexican president-elect Enrique Peña Nieto said in an interview that his administration will step up efforts in South America to repair the country’s image, including seeking a strategic alliance with Brazil.
Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.
Mexico's election officials on Wednesday recounted votes from more than half the polling booths in Sunday's presidential and congressional elections, responding to claims of fraud and requests for recounts in areas where the race was tight
Enrique Peña Nieto leads his rivals in exit polls of Mexico’s presidential election as he seeks to return the once-dominant Institutional Revolutionary Party to power after a 12-year hiatus.