Southern Cross Group, a Latin-American private equity firm, and media company Time Inc. today announced that Southern Cross is acquiring Grupo Expansión (GEx), a Time Inc. subsidiary, subject to regulatory approvals. Grupo Expansión is the owner of leading Mexico property portal, Metroscubicos. Southern Cross is a private equity firm founded in 1998 to make investments...Read More

The Puerto Vallarta Tourism Board brought a touch of Mexican folklore to the Gay Pride 2014 celebrations in Toronto yesterday. Celebrations included Mariachi sets by Toronto’s local Viva Mexico Mariachi, go-go dancers and Mexican dishes by Santo Pecado which created Puerto Vallarta inspired dishes for the event and paired them with El Jimador Tequila cocktails....Read More

Mexico recorded a slight trade surplus in May amid strong manufacturing exports and higher volume of crude-oil sales overseas, according to the National Statistics Institute, or Inegi, report released Friday. Last month, Mexico’s trade surplus was $131.8mn amid economists’ forecast of a surplus of $250mn. The result in May compared with a $460mn trade deficit...Read More