Latin American Stocks Rise on European Optimism for Greece

Latin American stocks rose yesterday after European leaders rallied to prevent a Greek default and stem the debt crisis in the euro zone. Volume in Mexico and Brazil remained in line with recent sessions and did not suggest that investors were flocking back to the region's stocks. "The message they wanted to portray is that Greece is and will remain part of the euro zone. They made it sound to me, as a pretty strong commitment from all sides," said Alberto Bernal, head of analysis at Bulltick Capital Markets in Miami.

GE Technology to Provide More Power for Northern Mexico

GE has recently announced that at the Latin America Engineering, Procurement & Construction Summit in Mexico City (EPC) that it will provide two Frame 7FA Gas turbines and provide long-term services for the Norte II Combined-Cycle Power Plant. As part of an independent power project (IPP) scheduled to enter commercial operation in May 2013, the power plant, located in Chihuahua, Mexico, will increase the region’s supply of reliable power and lower-emissions output.

Mexico Expected to Remain Latin America's Top Borrower

Mexico is seeking to step up overseas borrowing in 2012 after raising $3 billion this year from international offerings, more than any other country in Latin America. Borrowing is bringing a large amount of investment into Latin America’s second-biggest economy.

After raising $3 billion this year from international offerings -- more than any other country in Latin America -- Mexico is looking to keep steady, and improve, its overseas borrowing in 2012. According to the budget proposal presented on Sept. 8, Mexico's government is asking Congress for authorization to boost net external debt by $7 billion in 2012, up from the $5 billion increase it was granted for this year. But how does this compare to other emerging economies such as Brazil or Colombia?

It's reported that while these countries are making debt sales abroad to eschew gains in their currencies, in the mean time Mexico has been tapping into global markets to lock in record-low borrowing costs in the U.S.

Mexico has sold $15 billion of bonds outside its local market since 2009, up from $7 billion in the previous three years, while Brazil cut its sales 12 percent over that period to $6.9 billion. A lack of “high-quality sovereign debt” issues from developing nations will help fuel demand for more Mexican bonds, said Jeremy Brewin, who helps manage about $3.5 billion in emerging-market debt with Aviva Investors in London. “The appetite for external sovereign debt is quite robust so for Mexico to issue an extra $7 billion, I don’t think that’ll be a challenge,” he said.

Procter and Gamble Treats America's Economy like the Philippines

As this article states, for generations Procter & Gamble Co.’s growth strategy was focused on developing household staples for the vast American middle class. Lately P&G executives have seen that many of its former middle-market shoppers are trading down to lower-priced goods -- this gap is contributing to making products geared towards the middle classes more and more expensive. P&G, which estimates it has at least one product in 98% of American households, was forced to change the way it develops and sells its goods. For example, for the first time in 38 years, the company launched a new dish soap in the U.S. at a bargain price. “Companies have thought that if you’re in the middle, you’re safe,” says Citigroup analyst Deborah Weinswig. “But that’s not where the consumer is any more — the consumer hourglass is more pronounced now than ever.” “We now have a Gini index similar to the Philippines and Mexico—you’d never have imagined that,” says Phyllis Jackson, P&G’s vice president of consumer market knowledge for North America. “I don’t think we’ve typically thought about America as a country with big income gaps to this extent.”

Mexican Stocks Rise As Investors See U.S. Jobs Aid Ahead

Via MarketWatch: Mexican stocks climbed Wednesday after news that President Obama may distribute financial aid in order to augment employment figures in the U.S. This is excellent news for those interested in investing in Mexico, since the U.S. is currently the top export market for Mexico (80% of its exports arrive to the U.S.). Latin America’s second-largest economy saw it's IPC level advance 2.2% to 35,179.59. Among the best stock performers were electronics retailer Grupo Elektra and cement maker Cemex, up 8.1% and 5.6%, respectively.

World Economic Forum Report on Global Competitiveness

The World Economic Forum Report is out with all of the numbers on Mexico's competitiveness from a multitude of aspects, including this year's innovative analysis of how the sustainability of a country is predicted to affect it's productivity and competitiveness in the future.

Mexico Moves Ahead in Competitiveness

According to the Wall Street Journal, Mexico is making strong progress in global competitiveness with an article reporting today that "Mexico moved up eight places in the World Economic Forum's Global Competitiveness Report with big gains in the evaluation of financial and goods markets." Although the data points to weakened public policies, the index shows Mexico's economic progress, quickly becoming one of the preferred countries for foreign direct investment.

Steel Technologies Investing $75 million in New Facility in Mexico

In recent weeks, Steel Technologies, LLC has received approval from Mexico to build a 300,000 square feet, $75 million steel processing facility in Nuevo León, Mexico. The new steel facility will increase North American production, with a processing capacity of over 800,000 tons. In a press release, Michael J. Carroll, the president and CEO of Steel Technologies, said that “the addition of this world-class operation will accelerate our growth and complement our strong network of steel-processing facilities within the country.” The Louisville based company is owned by Nucor Corp and Mitsui & Co and will start construction on the new site immediately.

Mexico's economic growth - one of the many reasons Google does business in Mexico

Google Country Director John Farrell speaks with Mexico Today about why Google finds Mexico such an attractive country for investment. Not only is the Mexican economy growing at a rapid pace, but right now Mexico is the 11th economy in the world. In regard to other global investment options, Mr. Farrell says, "these other countries have received so much hype that they're overvalued." Read the article on Mexico Today to see why Google is so adamant about Mexico being the best place to invest.

Mexico Daybook Via Bloomberg: Up to Date News on Mexico Stocks

Via Bloomberg.com: *Pemex, as the company is known, reports preliminary month-to-date oil output. The nation’s oil production averaged 2.557 million barrels a day from Aug. 1 through Aug. 28. Production averaged 2.533 million barrels a day in July. Get the rest of the news for investment in Mexico, like facts and figures for Cemex, Cemex SAB and Grupo Modelo, here.

Mexico May Ease Foreign Investment Caps

Mexico has recently noticed that it is time to revamp its foreign investment laws in order to increase the possibilities of greater foreign investment. Easing the limits on industries with little or no competition such as the airline, communications and energy sectors would improve the environment for investment in these promising markets. Additionally, the new competition among companies would lower prices for the general consumer and create a more dynamic economic landscape. "We think that investment restrictions have to be revisited systematically in tandem with the country's economic growth," Jose Antonio Torre, deputy minister for competition and standard-setting at Mexico's economy ministry, said. The economy ministry and regulators will be part of the study by Mexico's Foreign Investment National Commission to reconsider investment caps last reviewed in 1993. Currently, foreign investment in airlines is capped at 25 per cent and at 49 per cent for fixed-line telephony.

Mexico's IMEF August Manufacturing Index Rises From July

Yesterday, Mexico's Institute of Finance Executives, or IMEF, announced that its manufacturing index rose in August. Up to 51.5 in August from 50.4 in July (seasonally adjusted index), the numbers continue to point to Mexico's increased economic expansion. Although economists have been cutting their estimates for Mexico's economic growth this year, largely in response to the slowdown in the U.S., where Mexico sends about 80% of its exports, foreign investment in the country is still going strong, with over 20 billion dollars in fdi predicted for this 2011.

Tax Havens: Separating the Facts from the Myths

There are a lot of rumors that go around when it comes to foreign investment and tax havens abroad. Watch this video, courtesy of the CATO Institute, that explores the differences between the myths and realities behind international tax havens.

Bill Gross, Head of PIMCO, Recommends Mexico for FDI

Bill Gross, founder, managing director and co-CIO of PIMCO, a financial advisory dedicated to global investment, is expecting a longer recuperation time for the U.S. and Europe. In a monthly statement issued on PIMCO's website, the "Bond King" said he is investing in Australia, Mexico, Canada, Brazil, as well as other non-dollar currencies with stronger ties to Asian economies. Gross believes that in these times global equities also faces exposure to faltering economies. "The increasing gap between the rich and poor is pushing yields lower," Gross says. However, in Brazil, Mexico, Canada, and Australia, cleaner balance sheets and higher yields look much more promising. During the European debt crisis, European confidence in August sunk to its lowest level in nearly three years. The EC also reported Tuesday consumer sentiment fell from 103 in July to 98.3 in August, it's lowest point since May 2010.

Timmins Gold's Drilling Finds New Resources in Mexico

Timmins Gold Corp. recently reported in July that it found additional gold deposits within its San Francisco mine located in Sonora, Mexico. The mining company said their current drill program has the potential to significantly increase the amount of gold deposits in the mine. Furthermore, Timmins announced that they found gold minerals at their open-pit called La Chicharra, which is only about a mile from the San Francisco mine located in Sonora, Mexico.

The Future of Mexico as Global Player

Alfredo Gonzalez from the Inter American Development Bank talks about how Mexico will expand in the following years and what sectors are the ones to watch out for.

Calvin Klein to Invest in Mexico with 30 Stores

Mexico City - Warnaco, the owner of Calvin Klein Underwear, Calvin Klein Jeans, Speedo, Olga and Warner's, is planning on opening approximately 30 new shops in Mexico, that will join the 6 they currently have. In an interview during the presentation of the advertising campaign "Déjate Ver con Calvin Klein" or Be in the spotlight with Calvin Klein, the Country Manager of Calvin Klein said that Warnaco will open three new shops at Santa Fe, Perisur and Interlomas. He added that in 2012 they will inaugurate 12 shops and a year later 14 new sales points. Each Calvin Klein unit opened may represent an investment that ranges from US$250 thousand to US$3.5 million, depending on the size of the store.

Is the Dollar a New Safe Haven for Investors?

Is Dollar Safe Haven in the Current Economy? - Watch more Politics Videos at Vodpod.

Many are searching for new ways to invest and protect their money in the current economy. Robert Sinche, global head of currency strategy at RBS Securities in Stamford, Connecticut, analyzes the state of the current economy in terms of interest rate differentials and dollar strength. Important news for investors to know.

PEMEX Leads Debt Sales Revival : Mexico Credit

September is due to see corporate bond sales in Mexico rise to a five-month high. Companies like Mexichem SAB and Petroleos Mexicanos SA are taking advantage of the falling borrowing costs and are planning on selling their debt. Mexican local corporate bond sales are poised to climb to a five-month high in September as companies from Mexichem SAB to Petroleos Mexicanos SA take advantage of falling borrowing costs. This comes as no surprise, as Mexican companies are lining up to sell debt as speculation grows that Banco de Mexico, the only major central bank to keep interest rates unchanged in the past year may cut them as early as December. Pemex, Latin America's biggest oil producer, may sell as much as 15 billion pesos ($1.2 billion) of debt next month, while plastic pipe maker Mexichem plans to offer as much as 2.5 billion pesos of notes, according to filings with Mexico's stock exchange. The sales would make September the busiest month since April after issuance sank 37 percent in August, shows data compiled by Bloomberg.

Warren Buffet's $5 Billion Investment in Bank of America

Take a look at this interesting video in which the debate on what effects Warren Buffet's $5 billion investment in Bank of America could have continues.