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Investing in Mexico

RECENT NEWS
Tough Times For Mexican Immigrants
Forbes  Jul 3 
Hurt disproportionately by job losses, remittances home are plunging.
Mexican Official Seeks Arrest of Day Care Center’s Owners
New York Times  Jul 3 
A month after a fire in a day-care center killed 48 children, Mexico’s attorney general is seeking the arrest of the nursery’s politically connected owners.
Mexico Recession to Add 4 Million to Ranks of Poor, Report Says
Bloomberg  Jul 2 
The number of Mexicans living in poverty will increase this year by more than 4 million people from 2008 because of the recession, according to the World Bank.
Corrections: Brazil, Mexico stocks hurt after U.S. jobs data
MarketWatch  Jul 2 
On Thursday, July 2, the Latin American markets column contained the incorrect day of the week. See corrected story.
Mexico’s Credit Rating Will Be Cut in Third Quarter, Loser Says
Bloomberg  Jul 2 
Mexico’s credit rating will be cut in the third quarter as the government struggles to muster congressional support for legislation that would ease the nation’s dependence on oil revenue, said Claudio Loser, a former International Monetary...
Hurricanes May Increase in Gulf as El Nino Shifts in Pacific
Bloomberg  Jul 2 
A shift of warming patterns in the Pacific Ocean may mean more seasons of increased hurricane activity in the Atlantic and more storms entering the oil-rich Gulf of Mexico, according to a study in the journal Science.
El Nino may bring more hurricanes
Upstream Online  Jul 2 
Savanna Energy Services Enters Mexico Drilling Market
OilVoice  Jul 2 
Savanna Energy Services Corp. has contracted to move four drilling rigs into Mexico under contract. Savanna has entered into a contract with a large U.S. based multiservice provider to deploy four
Grote opens new European headquarters
ABRN  Jul 2 
Grote Industries, a high-performance LED lighting technology manufacturer, is relocating its European headquarters to Niederwinkling, near Straubing, Germany. In addition to its world headquarters in Madison, Ind., Grote maintains...
[$] In Mexico's 3rd Period, 'September Is Going to Be Key'
Wall Street Journal  Jul 2 
After surging during the second quarter, stocks in Mexico face a bumpy ride over the next three months.
World Briefing | The Americas: Mexico: Migrants’ Money Sent From U.S. Fell in May
New York Times  Jul 2 
The decrease — comparing the same month in two consecutive years — is the largest since Mexico’s central bank began tracking remittances in 1995.
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