French leader in Mexico Amid Strained Ties

French President Francois Hollande arrived in Mexico City late Wednesday for a trip aimed at renewing relations that were rocked by the case of a Frenchwoman accused of kidnapping. Hollande landed in the Mexican capital just before midnight for a two-day state visit that will include talks with President Enrique Pena Nieto, a visit to...
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Oxxo, second in retail sales in 2013

The convenience store chain Oxxo, of FEMSA, ranked second retailer in terms of sales per square meter last year, behind Walmart, but above three of the major supermarket brands in the country, Comercial Mexicana, Soriana and Chedraui. According to the quarterly data from Invex Analysis and the businesses, last year, Oxxo’s average sales per square...
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Fisterra Energy Closes Deal on Mexico’s Largest Wind Farm Project

Fisterra Energy, a company majority owned by funds managed by Blackstone (NYSE:BX), and Blackstone Energy Partners, Blackstone’s energy-focused private equity business, today announced it has reached a financial closing for Ventika, Mexico’s largest onshore wind farm upon completion and one of the largest wind farms in Latin America. Ventika will be located in the northeastern...
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Is the Mexico ETF a Better Play on Latin America?

Latin America, dominated mostly by Brazil, seems to have lost luster since the taper talk was initiated in the U.S. last year. Apart from the external shocks, many nations in this corner of the world are lacking structural reforms and grappling with poor public finances as well as reduced foreign investment. As per the Inter-American...
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Monarch butterflies could use your help

A January 2014 report from the monarchs’ overwintering forest areas in Mexico indicated that only 1.65 acres were occupied by monarchs this winter. That makes this the third straight year of steep declines. The overwintering areas have been monitored since 1993 and the largest occupied area was 45 acres in 1996. A number of factors...
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Scotiabank expects to finance $10 bn in energy projects in Mexico

Canadian banking giant Scotiabank plans to finance oil industry projects worth $10 billion in Mexico over the next four years, a high-level executive said. Oil giants BP and ExxonMobil are among the companies interested in developing projects in the Gulf of Mexico, Scotiabank’s Latin America director, Paul D’Agata, told Efe. A large number of mid-sized...
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Financial support to entrepreneurs in Puerto Vallarta

In the coming days the National Institute of Entrepreneurship will be holding classes in Puerto Vallarta to promote entrepreneurship and assist those business owners who have less than one-year of operation. The Director of Municipal Economic Development, Alvaro Mora, states they are providing advice to entrepreneurs with the aim of having the necessary training and...
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Mexico – Panama Treaty, plan to increase trade and investment between the two nations

Enrique Peña Nieto, Mexico´s president and Ricardo Martinelli, president from Panamá signed yesterday, after eight months of negotiations, a Free Trade Agreement in the IX World Economic Forum on Latin America in Playa Bonita, Panama. This Free Trade Agreement (FTA) seek to establish as a platform to produce and distribute goods and services to the...
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Chile follows Mexico and wants to tax carbon emissions

By Marcelo Teixeira Chile’s government wants to impose a tax on carbon dioxide (CO2) emissions from thermal power plants, the second major economy in Latin America to resort to environmental taxation to discourage the use of carbon-intensive fuels. On Jan. 1, Mexico imposed a tax on several types of fossil fuels, including gasoline, averaging 3...
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MEXICO MISSION: new school house springs joy

by Christine van Reeuwyk – Saanich News Tears welling, a Mexican principal accepted keys to his new school. It’s a moment Saanich teen DJ Katz remembers best. He’s among those who worked four days in mid-March to build the new high school as part of a contingent from Saanich Baptist church. The church believes in...
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U.S.-Mexico border clean water access, improved infrastructure the focus of joint initiative

WASHINGTON, DC, April 4, 2014 — A joint initiative between the U.S. Department of Agriculture and the Environmental Protection Agency (EPA) aims to improve access to clean water and wastewater infrastructure for U.S. communities along the Mexico border. This initiative is part of the organizations’ ongoing partnership to increase the sustainability of rural drinking water...
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Mexico central bank wary of slow growth

MEXICO CITY: Most of Mexico’s central bankers were convinced that a spike in inflation has likely passed while the majority said short-term risks to growth had increased, minutes released on Friday showed. Central Bank board members voted at their March 31 meeting to hold their benchmark interest rate at a record low of 3.50 percent....
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