America Movil Posts Impressive 2Q Earnings

The largest telecom carrier in Latin America and also a Mexican company, America Movil, has reported second quarter earnings per ADR of $1.04, much higher than most analysts predicted. Total costs and expenses in the reported quarter were up 12.0% year over year at around MXN$97.7 billion ($8.3 billion).

According to analysis, America Movil continues to dominate the Mexican wireless market by expanding data and Pay TV services. Click here for a more in depth analysis of the increases in America Movil's 2Q earnings.

Heinz to Invest US$6 Million in Mexico

Via Maquilaportal.com
With a plant in Guadalajara, Jalisco, and corporate offices in Mexico City, Heinz Mexico estimates to close 2011 with invoicing for US$60 million, including exports. The Company plans investments for US$6 million in the next two years to produce in Mexico its flag-product, tomato ketchup.

Top Ten New "BRIC" Countries

According to this article, the unexpected and dramatic development of the way that the global economy works after the 2008-2009 recession has "not been due to the vigour of the Chinese economy or the BRIC (Brazil, Russia, India, China) economies as a whole, but the emergence of a major new force in the global economy - the 10 middle-income emergent countries."

Click here to read more on which are the new emerging economies worldwide and how this could affect the way you see your personal investing.

Analysis of U.S. Economy: Debt Ceiling

Via the Financial Times, here is a video that gives us a good idea of how economic analysts predict the conclusion of the debt ceiling talks before August 2nd and how it can potentially affect the rest of the world economy.

Mexico Bonds Market Update: July 14th, 2011

As it says in this article, "you don't necessarily need the world’s biggest interest rates to attract a lot of capital". It turns out that Brazil, while the obvious choice, isn't the only high-earning carry trade. Peru, Colombia and Mexico are all well worth the while.

Look further north, to Mexico. Low interest rates, hardly any currency appreciation – yet investors have been flooding there much as they have to Brazil (see chart supplied by RBS based on data from the Mexican central bank).

“Mexican 10 year bonds trade at 400 basis points over US Treasuries,” Morden says. “There’s no mark to market gain or forex gain. This is pure carry. It’s a statement of the still abundant global liquidity and the limited access to carry.”

Read the rest of the story to see why these countries are another successful choice for investors.