Tag: Mexico

• Monday, September 10th 2012 - 01:30 UTC

  Mexican political turmoil: opposition leader Lopez Obrador decides to create his party

  

  Mexican opposition leader Andres Manuel Lopez Obrador, who twice contested second-place losses in presidential elections, said he would leave his coalition, a move that threatens to create a rift among leftists in Congress.

• Tuesday, September 4th 2012 - 01:17 UTC

  Since 2003 an estimated 261bn dollars have fled from Greece, says NGO

  

  Greek nationals have deposited overseas an estimate 261 billion dollars from illegal activities, from tax evasion and elusion to criminal actions or simple from rampant corruption, according to economist and head of the Non Government Organization, Global Financial Integrity, Raymond Baker.

• Saturday, September 1st 2012 - 06:56 UTC

  Peña Nieto confirmed as president-elect; takes office December first

  

  Mexico's electoral tribunal officially named Enrique Peña Nieto as president-elect on Friday, ending a drawn-out dispute over the results of the July election.

• Saturday, September 1st 2012 - 06:20 UTC

  Colombia GDP overtakes Argentina’s, “a dream come true” says Finance minister

  

  Colombia’s outgoing Finance minister Juan Carlos Echeverry said on Friday that the country’s GDP overtook Argentina’s thus making Colombia’s economy the second largest of South America and third of Latinamerica, behind Brazil and Mexico.

• Thursday, August 30th 2012 - 05:04 UTC

  Mexico strikes light crude oil in deep water deposits; boost for Pemex morale

  

  Mexico’s state oil company Pemex has made a new light crude oil find in the Gulf of Mexico, President Felipe Calderon said on Wednesday, the first such discovery in the country's push to exploit deep water deposits and boost output.

• Tuesday, August 28th 2012 - 03:32 UTC

  Mexico launches dispute at WTO against Argentina’ import licensing rules

  

  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.

• Friday, August 10th 2012 - 22:28 UTC

  Mexico Ousts Brazil as Investors’ Top Choice in Latin America

  

  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)

• Friday, July 20th 2012 - 07:37 UTC

  Mexican president-elect accused of laundering money in his campaign

  

  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.

• Wednesday, July 18th 2012 - 07:59 UTC

  Mexico banking regulator says it repeatedly warned HSBC on money laundering

  

  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.

• Tuesday, July 17th 2012 - 19:07 UTC

  Mexican group sells 15 Caesar Park hotels in South America to French operator

  

  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.