Mexico's First Humanoid Robot

Did you know that Mexico is now the creator of a world-class humanoid robot? The Mexican robot named MexOne is the most advanced robot of its type in Latin America, according to its creators, with functions similar or superior to those built by Japanese, American, and European companies.

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.

Google Defends Investment

Larry Page, who is the chief executive of Google, defended his company's controversial investment priorities, after having reported higher-than-expected earning for the second quarter.

Wall Street has repeatedly reported it's worries that have spun out of control this year as Google has launched a number of ambitious expansion plans, including its recently launched Google+ social networking service. Click here to get the full story.

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.

Trade Agreement to Improve Economic Area

Up until this week, Mexican trucks were prohibited to travel within 25 miles of the border.
This change, in what was part of the NAFTA agreement signed in 1994, was made with the inception of President Obama, most probably due to security concerns.

“The agreement signed today between the governments of Mexico and the United States to resolve the cross-border long-haul trucking dispute is a major win for U.S. agriculture, American jobs and our nation’s economic prosperity,” U.S. Agriculture Secretary Tom Vilsack wrote in a release.

Mexico will lower existing tariffs ranging on U.S. goods by 50 percent at the start of the program and the remaining 50 percent will be suspended shortly after Mexican trucks are allowed to cross.

Click here to read more.

Grupo Mexico Looking to Invest in Peru Copper Mine

In particular, reports from Mexico indicate that Grupo Mexico is aiming to revive the $1bn Tía María project of its Southern Copper Corporation that was put on hold in April of last year by the current Peruvian government.

Grupo Mexico, is one of the world’s leading copper producers. It leads operations in the United States and Peru as well as in its home country, and reports have indicated that Grupo Mexico is striving to bring its $1bn Tía María project in Peru back to life. The project includes the construction of a desalination plant, that will be purposed to provide water for Tía María from the coast by means of a 20-mil aqueduct.

The project was stopped last April by the current Peruvian government but is expected to initiate once again with the expected change of elected leaders.

Click here to read more about the project and Mexico's current fdi projects.

Auto Industry Telling of U.S.-Mexico Trade and Economy Relations

When speculating on trade relations between the U.S. and Mexico, it's easy to refer to a variety of resources for an estimate on which is the biggest trade product. As this Houston article mentions, "Anyone wondering which industrial sector is the most important in U.S.-Mexico border trade only has to see what the double-stacked freight cars [...]."

This large amount of trade across borders is indicative of the health of cross-border trade between the U.S. and Mexico.

In the words of Keith Patridge, the McAllen Economic Development Corp. President,"We lost a few factories that did not survive the U.S. recession, operations that were purchased or merged. But Reynosa last year added 4,000 jobs, even with the violence, at maquiladoras in all categories."

Read about what other business leaders had to say about the increase in foreign investment in Mexico.

Consumer Confidence Up in Mexico for June

Mexico's population grew increasingly confident in terms of spending this past June. It was released on Tuesday by the national statistics agency that Mexico's consumer confidence index rose to 91.9 in June (when adjusted for seasonal factors). Analysts polled by Reuters expected June data to reflect 90.7.

Although consumer confidence hasn't risen much since the recession, the good news is investors predict that interest rates will remain steady until April 2012.

Read more on the positive impact this could have on the Mexican economy.

The World Competitiveness Rankings 2011‬‏

YouTube - ‪The World Competitiveness Rankings 2011‬‏
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Check out this new performance rating with analysis and some surprising news on what countries you should be investing in overseas.

Which do you think are good companies to invest in, in Mexico or abroad? I'd love to read your comments below.

Mexico: Inside A Top-of-the-Line Saddle Business

Talabarteria Rancho Grande is located in Sonora, Mexico. It's a world-class saddle maker, and is the preferred saddle for expert riders, as well as anyone who has a great appreciation for horse-back riding or an equestrian flair.

The business stands out from the rest because it has essentially turned saddle-making into an art. The store, started by Luis Molina in 1949 and now run by his son David, specializes in high-end, elaborate saddles that last up to 30 or 40 years.

Click here to read more about this inspiring Mexican business.