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Business and Economy
Mexico has passed laws to open its oil, gas and electric industries to private and foreign investors after 76 years of state control. Now comes the hard part. Experts say Mexico’s hopes for tens of billions of dollars in outside investment, and possibly a shale gas boom like the one occurring across the border in...
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A report published by Wealth Daily and written by investment research specialist Carl Delfield charts Mexico’s clear path to economic success over the coming months and years as China’s growing economic challenges help shift the complicated trade and investment relationships that exist between this Asian giant, Mexico and the U.S. “According to consultant AlixPartners, Mexico...
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Hoping to tap the fast-growing Hispanic market, Anheuser-Busch is importing its first Mexican lager to the U.S. The subsidiary of Belgium-based Anheuser-Busch InBev, the world’s largest beer maker, said Wednesday that starting next month it will sell Montejo lager in bars, restaurants and grocery stores in California, Texas, Arizona and New Mexico. The move comes...
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Mexico’s economic growth accelerated in the second quarter, thanks to a 5.4 percent rise in non-petroleum exports, Finance Secretariat Economic Planning Unit chief Ernesto Revilla said. Exports “are really performing with a very important velocity,” Revilla said. “The June figure is that exports grew 7.7 percent” on an annualized basis, the biggest increase since October...
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Wine Institute President joined Governor Brown’s trade mission to Mexico City this week to help spur sales of California wines in its sixth largest export market. U.S. wine exports to Mexico, 90% from the Golden State, reached $21.5 million in 2013, up 21% from the previous year, accounting for 2% of the state’s record $1.5...
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Mexico’s economy has shown signs of stronger growth in the second quarter, the finance ministry’s chief economist Ernesto Revilla said on Wednesday. The economy grew at an only 1.8 percent annual rate in the first quarter, pushing the finance ministry in May cut its annual growth forecast for 2014 to 2.7 percent from 3.9 percent....
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Standing in front of the assembly line in Volkswagen’s massive campus in Puebla, Mexico, 35-year-old line boss Milton Araujo, looked at the shiny new Volkswagen Beetles rolling off the conveyer belt, illuminated by the bright lights overhead. “Back in the day, everybody had a Beetle,” he told Fox News Latino. “Now the car is different,...
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On July 29, Apple officially expanded the availability of its AppleCare+ coverage plan, adding two new countries to the mix for protection of your iPhone and iPad. Apple has officially added Sweden and Mexico to the list of countries that support AppleCare+ coverage for iPhones and iPads. The company has been expanding AppleCare+, with a...
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On barren ranch land just south of the Texas border, where road signs are pockmarked with bullet holes, a small group of foreign oil and gas companies is looking for the future. Conditions are difficult — some companies have resorted to paying protection money to drug cartels that control the area _ and results from...
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An Infiniti compact sedan will be the first vehicle produced at Daimler and Renault-Nissan’s new plant in Aguascalientes, Mexico. The car will be built there beginning in 2017, said Andy Palmer, Nissan’s global planning director and Infiniti chairman. Palmer was interviewed at a Formula One race here. The Infiniti sedan will be based on the...
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Isaí Gómez, a Mexican apple grower, bitterly recounts the events of last season. Around this time last year, hope prevailed in Mexico’s high-desert apple country. Bad weather had devastated the two previous years’ harvests. But in the summer of 2013, the trees were heavy with fruit. A couple months later, Gómez, along with his two...
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What sets Mexico apart from many other emerging economies is that it has the combination of some key factors for success: a diverse set of resources and industries, its proximity to the world’s largest economy, a relatively stable currency, and—critically—a proactive, democratic government. To be clear, I remain bullish on the U.S., and the May...
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Thanks to the Pacific Alliance, Mexico will expand the presence of its food products in Latin America and strengthen trade ties with Chile, Colombia and Peru, to promote complementarity between nations and ensure the continued access to safe and healthy food for its inhabitants. In 2013, Mexico exported $314 million dollars in food products to...
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Billionaire Carlos Slim’s America Movil AMXL.MX said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations. The company, which controls some 70 percent of Mexico’s mobile market and 80 percent of the fixed line...
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Mexico is poised to overtake Brazil as the top Latin American automobile producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output. After nosing ahead of Brazil in the first five months of the year, Mexico is projected to hold its advantage through...
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