Fed Reserve to Keep Interest Rates at Record Low

Via Bloomberg.com:
"The Federal Reserve pledged for the first time to keep its interest rate at a record low at least through mid-2013 in an effort to revive a flagging recovery after the worldwide stock fall."

Mexico Credit - Goldman Sachs GDP Cut Creates Rate-Bet Delays

After Goldman Sachs Group Inc. and Bank of America Corp. lowered Mexico's growth forecast with the growing concern that the U.S. may relapse into recession, Mexican traders are postponing bets for interest-rate increases. As Gabriel Casillas, chief economist for Mexico at JPMorgan Chase & Co. in Mexico City, said in a telephone interview "With the data where they are and inflation so benign, some are betting there could be an even longer pause. We expected a long pause.” The cause of the country's lowered forecast is belief that Mexico is "highly dependent" upon the American economy. What are your thoughts? Do you agree with this statement? Why or why not?

Mexico Less Dependent on U.S. Market

Mexico is less dependent on the U.S. market says the Mexican government. This news was released yesterday as the Secretary of Economy, Bruno Ferrari, stated that the United States once accounted for 85 percent of Mexico's international trade flows but that proportion has fallen to 80 percent. This change comes after Mexico has been opening up new markets in other countries.

Click here to get the full perspective on this issue with in depth data for a variety of industries.

Mexico's Wind Power Conference in June

As this interesting article mentions, Mexico Wind Power, is a Wind Power conference where Mexican leaders discussed making more of an effort to develop its own wind energy industry. In order to take full advantage of Mexico’s wind power potential, Mexico needs to promote its own wind energy industry, not only support projects, and send clear signals to the market to conduct research and innovation in this regard.

Cannon Power Group to Invest $2.5bn in Mexican Wind Farms

Today the news was released that US company Cannon Power Group will make a $2.5bn investment into new wind farms in Mexico. Currently active in the Baja California area, according to reports, they will build another wind farm in the central state of Zacetecas.

It was reported that President Calderon has stated that the capital commitment from Cannon brings foreign investment during his term up to $100bn.

Click here to read the full story.

Mexico "Making Huge Investment in Greening the Country"

Via MexicoToday.org

Watch this video with Andrew Selee from the Mexico Institute, who gives us an idea about how Mexico and the U.S. have teamed up to make more cross-border investments in renewable energy.