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Showing posts with label investing sites. Show all posts
Showing posts with label investing sites. Show all posts
Monday, July 11, 2011
Despite Violence, Mexico Plants Hum at Border - NYTimes.com
Despite Violence, Mexico Plants Hum at Border - NYTimes.com
Despite the instability due to the war on drugs in Mexico, the Mexican economy is growing at a rapid pace, even more so than that of the United States. If you're interested in learning about business opportunities in Mexico, you should read the following article that could affect any investors world. Here is a brief summary:
Drug organizations are battling for turf around them, yet maquiladoras are continuing to expand, with more items being manufactured in the border cities than ever. Over all, jobs in Mexico’s manufacturing sector increased 8.2 percent to 1.8 million as of January (the most recent figures available) driven mostly by what Mexican officials called regaining health in the auto and electronics industries, the engine of the economy along the border.
Read more here at NYTimes.com
Despite the instability due to the war on drugs in Mexico, the Mexican economy is growing at a rapid pace, even more so than that of the United States. If you're interested in learning about business opportunities in Mexico, you should read the following article that could affect any investors world. Here is a brief summary:
Drug organizations are battling for turf around them, yet maquiladoras are continuing to expand, with more items being manufactured in the border cities than ever. Over all, jobs in Mexico’s manufacturing sector increased 8.2 percent to 1.8 million as of January (the most recent figures available) driven mostly by what Mexican officials called regaining health in the auto and electronics industries, the engine of the economy along the border.
Read more here at NYTimes.com
Monday, June 27, 2011
Mexico Credit Status: Bonds Fueled by Slowing Inflation
June 27 (Bloomberg) -- Mexican bonds are posting their biggest gain in 10 months.
Due to speculation that slowing inflation will prompt the central bank to keep interest rates at a record low, the yield on government bonds dropped 22 basis points since June 17, for notes due in 2020.
In comparison to other leading Latin American economies, yields on Brazil's real-denominated bonds climbed 0.09 percentage points (nine basis points) to 12.41%, during the same time period for bonds maturing in 2021.
Alejandro Padilla, a debt strategist at Grupo Financiero Banorte-Ixe in Mexico City, said in a telephone interview, "There's a positive effect from the exchange rate. Their inflation reports keep showing signs that there aren't inflationary pressures on the side of internal demand. We don't see any factors that could push the Mexican central bank to move up its tightening cycle."
Alejandro Padilla said his recommendation to investors would be to buy Mexico peso bonds maturing in 2013 and 2015.
Read more: www.sfgate.com
Due to speculation that slowing inflation will prompt the central bank to keep interest rates at a record low, the yield on government bonds dropped 22 basis points since June 17, for notes due in 2020.
In comparison to other leading Latin American economies, yields on Brazil's real-denominated bonds climbed 0.09 percentage points (nine basis points) to 12.41%, during the same time period for bonds maturing in 2021.
"The fundamental story of inflation is just very positive," Alberto Bernal, head of fixed income research for Miami-based Bulltick Capital Markets, said in a telephone interview. "We've been very vocal about being long in the long end, and so far so good."
Alejandro Padilla, a debt strategist at Grupo Financiero Banorte-Ixe in Mexico City, said in a telephone interview, "There's a positive effect from the exchange rate. Their inflation reports keep showing signs that there aren't inflationary pressures on the side of internal demand. We don't see any factors that could push the Mexican central bank to move up its tightening cycle."
Alejandro Padilla said his recommendation to investors would be to buy Mexico peso bonds maturing in 2013 and 2015.
Read more: www.sfgate.com
Thursday, June 23, 2011
CEMEX Scraps $650 Million Bond Offering
Cemex SAB, the largest cement maker in the Americas, scrapped a $650 million bond offering today. The company pulled the sale of eight-year bonds because of “volatility” in global markets, said Jorge Perez, a spokesman for the Monterrey, Mexico-based company.
Cemex, battered by a slowdown in the U.S., its biggest foreign market, had planned to sell the bonds to repay debt stemming from a $15 billion loan in 2009 that helped it refinance in order to avoid default. The company needs to pay back $200 million of debt by the year's end to prevent the interest rate on $7.6 billion of loans from rising by 50 basis points.
From the report: "The yield on Cemex’s benchmark dollar bonds due in 2020 jumped 40 basis points, or 0.40 percentage point, to 9.74 percent at 5 p.m. New York time, the highest since October. Jack Deino, who oversees approximately $1.8 billion of emerging-market debt at Invesco Inv. in New York, said "For Cemex, what’s going to move it or break it is the recovery of the construction market in the U.S."
Cemex, battered by a slowdown in the U.S., its biggest foreign market, had planned to sell the bonds to repay debt stemming from a $15 billion loan in 2009 that helped it refinance in order to avoid default. The company needs to pay back $200 million of debt by the year's end to prevent the interest rate on $7.6 billion of loans from rising by 50 basis points.
From the report: "The yield on Cemex’s benchmark dollar bonds due in 2020 jumped 40 basis points, or 0.40 percentage point, to 9.74 percent at 5 p.m. New York time, the highest since October. Jack Deino, who oversees approximately $1.8 billion of emerging-market debt at Invesco Inv. in New York, said "For Cemex, what’s going to move it or break it is the recovery of the construction market in the U.S."
Wednesday, June 22, 2011
Despite Violence, Juarez Economy is Booming | México Today
Despite Violence, Juarez Economy is Booming | México Today
Recently, MexicoToday.org highlighted Juarez, one of the cities on the U.S.-Mexico border leading the way for the Mexican economy. According to Bob Cook, the president of the El Paso Regional Economic Development Corporation (REDCO), “What we see happening in Juárez right now is a city of competing realities. We have this mostly cartel-related violence taking place, but interestingly, while that is happening, Juárez is leading Mexico in almost every industrial indicator, in terms of new jobs and investment."
While the media focuses on portraying a single view of Mexico, the reality is that investment opportunities are at an all-time high and the Mexican economy is seeing continued growth.
Recently, MexicoToday.org highlighted Juarez, one of the cities on the U.S.-Mexico border leading the way for the Mexican economy. According to Bob Cook, the president of the El Paso Regional Economic Development Corporation (REDCO), “What we see happening in Juárez right now is a city of competing realities. We have this mostly cartel-related violence taking place, but interestingly, while that is happening, Juárez is leading Mexico in almost every industrial indicator, in terms of new jobs and investment."
While the media focuses on portraying a single view of Mexico, the reality is that investment opportunities are at an all-time high and the Mexican economy is seeing continued growth.
Mexican Retail Sales Accelerate in April
From Reuters:
The news has come out that Mexican retail sales jumped in April from March, largely due to stronger consumer demand. Reuters reported that 'growth in year-over-year retail sales accelerated to 4.9 percent MXRSLY=ECI in April'. These numbers symbolize Mexico's growing economy empowered by its large export industry that caters to the United States.
The economist Alberto Ramos of Goldman Sachs said private consumption growth should rise in the near future due to improvement in the labor market and stronger credit flows.
"Mexico's economy is expected to expand by more than 4.5 percent this year, largely because of industrial output as factories churn out goods for the U.S. market."
The news has come out that Mexican retail sales jumped in April from March, largely due to stronger consumer demand. Reuters reported that 'growth in year-over-year retail sales accelerated to 4.9 percent MXRSLY=ECI in April'. These numbers symbolize Mexico's growing economy empowered by its large export industry that caters to the United States.
The economist Alberto Ramos of Goldman Sachs said private consumption growth should rise in the near future due to improvement in the labor market and stronger credit flows.
"Mexico's economy is expected to expand by more than 4.5 percent this year, largely because of industrial output as factories churn out goods for the U.S. market."
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