Tag: Mexico

• Friday, October 11th 2013 - 13:15 UTC

  Foreign direct investment in Latam remains strong and increases 6% in first half of 2013

  

  Foreign direct investment (FDI) to Latin America displayed moderate growth in the first half of this year, compared with the 2012 similar period, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The 13 countries of the region that provided data received 102.951 billion dollars, which was 6% higher than the first six months of the previous year.

• Wednesday, October 9th 2013 - 05:25 UTC

  Lower commodity prices and poor infrastructure cut Latam growth prospects says IMF

  

  The International Monetary Fund on Tuesday cut its economic growth forecast for Latin America and the Caribbean, blaming, at least in part, poor infrastructure and lower commodity prices. In its latest World Economic Outlook report, the IMF noted that emerging markets generally were facing a dampening of growth amid “less supportive external conditions and domestic supply-side constraints.”

• Thursday, September 26th 2013 - 21:45 UTC

  Pacific Alliance makes its official presentation in New York with three presidents

  

  The Pacific Alliance made its official presentation in New York before 200 business people and investors, mostly from the US, with four top anchor men: the presidents of Chile, Peru and Colombia and Mexico’s foreign trade minister since head of state Enrique Peña Nieto had to remain in the country because of the catastrophic floods.

• Friday, September 6th 2013 - 00:06 UTC

  Iran trade with Latinamerica remained stable at 4bn dollars in 2012, says Latinvex

  

  Iran's trade with Argentina grew last year while trade with Brazil declined, according to an analysis by online business publication Latinvex based on data from the IMF. Iran's total trade with Latin America grew by 0.9% to 4 billion dollars in 2012. Brazil and Argentina still dominate Iran's trade with Latin America, accounting for 93% of the region's total trade with the Persian country.

• Wednesday, September 4th 2013 - 01:36 UTC

  Mexico’s Pemex oil company expected to join YPF in developing shale resources

  

  YPF Chief Executive Officer Miguel Galuccio said Argentina’s nationalized energy company is willing to form a partnership with Mexico’s state-run Petroleos Mexicanos to develop shale oil and natural gas deposits in the Vaca Muerta formation.

• Thursday, August 29th 2013 - 17:08 UTC

  Mexico and Burkina Faso official hosts of World Tourism Day 2014 and 2015

  

  Mexico was selected to be the official host country for World Tourism Day (WTD) 2014 and Burkina Faso for WTD 2015. The respective themes will be “Tourism and Community Development” for 2014, and “One billion tourists, one billion opportunities” for 2015

• Wednesday, August 14th 2013 - 03:06 UTC

  Mexico to open state-run oil industry to private sector ending 75-year constitutional ban

  

  Mexican President Enrique Peña Nieto is making the most daring gamble of his 8-month-old presidency with a proposal to lift a 75 year-old ban on private companies investing in the state-run oil industry, a cornerstone of Mexico’s national pride that’s seen production plummet in recent decades.

• Saturday, August 3rd 2013 - 02:17 UTC

  Mexican government prepares sweeping reform for the energy sector

  

  Mexican President Enrique Peña Nieto has announced a sweeping energy reform, which is expected to include constitutional changes to lure private investment and boost output, will be presented to Congress next week

• Friday, August 2nd 2013 - 04:10 UTC

  Paraguay advancing on trade agreement with Mexico, previous to requesting Pacific Alliance membership

  

  Paraguay and Mexico have made significant advances in reaching a trade agreement in the framework of the Latinamerican Integration Association, ALADI, according to Paraguayan diplomatic sources.

• Wednesday, July 31st 2013 - 05:49 UTC

  In Mexico, Latam second largest economy over half the are catalogued as poor

  

  Poverty in Mexico, including extreme cases, decreased slightly between 2010 and 2012, reported the National Council for Evaluation of Social Development Policy. Official stats show that poverty in Mexico, Latam’ second largest economy went from 46.1% of the population in 2010 to 45.5% in 2012, while extreme poverty fell from 11.3% to 9.8%.