Kia Announces New Plant in Mexico

Kia Motors Corp plans to break ground soon on a new plant in Mexico, two sources familiar with the matter said, a further sign that the company and its affiliate, Hyundai Motor Co, are easing an unofficial moratorium on capacity growth. The plant, to be built in Monterrey, will have a capacity of 300,000 vehicles...
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Searching for Life in Underwater Caves in Mexico

About 20 miles south of Cancun, Mexico, on a stifling summer day, Tom Iliffe squints over a limestone ledge and into a giant pool of scuzzy, brown water. Despite the heat, he’s wearing a wet suit that covers everything but his blue eyes and white goatee. A spool of bright-orange nylon line and an assortment...
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Gas Pipeline Construction Begins in Sinaloa, Mexico

Mexico has begun construction of the Topolobampo-El Encino natural gas pipeline in the northwestern state of Sinaloa, which will contribute to the generation of cheaper electricity and feed a new fertilizer plant. The pipeline will diversify industry in Mexico’s northwest, as well as create jobs and boost economic development in the region, said Ochoa Reza,...
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Largest Aquarium in Latin America Opens in Mexico City

Mexican magnate Carlos Slim on Friday inaugurated a four-level, underground aquarium that is the biggest in Latin America, housing 3,000 animals belonging to 230 species. The first visitors took an elevator underground to start the tour of the 400,000-gallon glass tank where blue, yellow, orange and green fish swam among sharks and manta rays. In...
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The Average Mexican Not Feeling the Benefits of Economic Overhaul

The central bank chief calls it a “temporary pothole.” Whatever the term, Mexico’s economy has hit some turbulence – despite the most ambitious overhaul to its business structure in decades. Tax hikes have dampened consumer confidence, retail sales remain stagnant, and low U.S. demand for Mexican-made cars and televisions slowed the economy earlier this year...
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Mexico’s Government to Pay Indian Woman Compensation

A court has ordered Mexico’s government to pay compensation to Jacinta Francisco Marcial, an Indian woman who spent three years in prison on a kidnapping conviction that was later thrown out by the courts. The court voted 8-2 on Wednesday to order the Attorney General’s Office to pay compensation to Francisco Marcial for the economic...
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Kidnapped Environmentalists Set Free in Mexico

Two Mexican environmentalists have been freed after they were briefly kidnapped by settlers seeking to carve up North America’s last large pocket of tropical rain forest, their group said Tuesday. The kidnapping follows the two-day abduction and subsequent release of a former federal environment secretary in a different part of the jungle a month ago,...
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Mexico Posts Trade Surplus of $510 Million in April

Mexico posted a trade surplus of nearly $510 million in April, the National Institute of Statistics and Geography (INEGI) said. The country had posted a trade deficit of $1.22 billion in April 2013, the statistics agency said. The solid performance last month allowed Mexico to reduce its accumulated trade deficit during the first four months...
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Mexico and USA Sign Clean Energy Deals

Mexico and the US signed three MOUs to support the financing and implementation of clean energy and energy efficiency programs in a bid to combine bi-national efforts toward environmental protection. The documents, which cover environmental measures designed to protect natural resources and mitigate climate change, were signed by Mexico’s energy ministry (Sener) and the US...
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Mexico’s Stock Exchange to Join the Latin American Integrated Stock Exchange

Mexico’s stock exchange (BMV) should join the Latin American integrated stock exchange (Mila) by the end of the year, state news agency Notimex reported. Pedro Zorrilla Velasco, assistant director of corporate services and institutional relations at BMV, was quoted as saying: “The aim is for Mexico’s first operations with Mila to begin between October and...
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Presidential Initiative to Increase Number of US Students Studying in Latin America

Violence continues in Mexico with drug cartels battling government forces over control of various areas all over the country. Though there has been some success, many in the United States view Mexico as a nation plagued with drug lords battling police men on the streets while the innocent continue to be massacred and kidnapped. As...
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Mexico Aims to Become One of the World’s Top Five Tourist Destinations

Mexico continues to be a hotspot for tourism — and a favorite among American travelers — and the Mexican government recently announced a massive spending program to continue the upward surge. The extensive plans will focus on new infrastructure projects to upgrade roads, ports, telecommunications, water and energy facilities to sustain the country’s growth in...
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