Tag: Mexico

• Saturday, May 28th 2011 - 07:03 UTC

  Mexico strikes major gas deposit in Gulf of Mexico deep water drilling

  

  State-owned oil giant Petroleos Mexicanos, Pemex, announced this week it had struck between 400 billion and 600 billion cubic feet of natural gas and condensates at a deepwater well in the Gulf of Mexico.

• Monday, May 23rd 2011 - 06:01 UTC

  Mexico Casterns throws his hat into the IMF MD election ring

  

  Mexico central bank Governor Agustin Carstens will be presented as a candidate for managing director of the IMF, the Finance Ministry said in an e-mailed statement Sunday.

• Thursday, May 19th 2011 - 21:47 UTC

  Central banks in ‘gold rush’ to diversify reserves

  

  Mexico, Russia and Thailand added gold now valued at about 6 billion US dollars to their reserves in the first quarter of 2011 as metal prices advanced to a record, the dollar weakened and US Treasuries lost investors money.

• Monday, April 25th 2011 - 06:28 UTC

  Mexico antitrust commission slaps 1 billion USD fine on mobile phone operator

  

  Mexico's antitrust commission confirmed Sunday that it has fined the country's biggest mobile phone operator over 1 billion US dollars on grounds that it used its market weight and interconnection fees to displace competitors.

• Tuesday, April 12th 2011 - 21:18 UTC

  Inflation contagion in Latin America with the exception of Mexico, says IMF

  

  Inflation risks are building in all Latin American countries except Mexico, where price gains are low and economic expansion should outpace Brazil this year, according to the the International Monetary Fund World Economic Outlook.

• Friday, April 8th 2011 - 22:45 UTC

  Peru/Mexico sign trade agreement, fist step for a regional expansion towards Asia

  

  Peru and Mexico signed this week a trade agreement with the aim of jointly reaching out to Asia, an undertaking that they want Chile and Colombia to join

• Saturday, March 5th 2011 - 05:07 UTC

  Nobel Prize Vargas Llosa calls for legalizing drugs to avoid the Mexican experience

  

  Nobel Prize winner in Literature Mario Vargas Llosa said that countries across Latin America will eventually suffer the same type of organized crime-related mayhem currently battering Mexico unless a decision is made to legalize drugs.

• Wednesday, February 2nd 2011 - 16:35 UTC

  Mexico produces first “artisan honey-ales” directed to the gay-lesbian market

  

  A Mexican brewery has launched the first beer targeted to the gay community with a slight honey flavour and with plans to market the product in Mexico, Colombia and Japan among other interested countries.

• Tuesday, February 1st 2011 - 13:37 UTC

  World’s richest man says it is the right moment to invest in Latin America

  

  Mexican telecommunications tycoon Carlos Slim announced plans to invest 8.3 billion US dollars this year in 19 countries where his companies have interests and underlined that given the international scenario, it is the right moment to invest in Latin America: “whoever doesn’t will be left behind”.

• Tuesday, December 21st 2010 - 19:34 UTC

  Brazilian exports set to increase 12% in 2011 reaching 220 billion US dollars

  

  Following the 30% expansion in 2010, Brazilian exports are forecasted to grow 12%, in 2011 according to Foreign Trade Secretary Weber Barral. He added that in 2010 the recovery was quite strong compared to the downturn of 2009, but in 2011 global trade growth rate is expected to slow down.