Mexico's Cotton Plantations to Practically Double by 2016

"Mexico plans to increase the planted area of cotton by 71 percent to 300,000 hectares (741,000 acres) by 2016, the Agriculture Ministry said today."

Mexico Responsable for 30% of BBVA Profit

Javier Malagon, Chief Financial Officer for BBVA in Mexico, said in a press conference that Mexico’s contribution reached one-third in the first six months of 2011, while all of South America contributed 18%, Eurasia zone 15% and the USA 5%. In this last term, the profit from BBVA Bancomer Mexico grew 10.1% when compared to the same term in 2010, reaching MXP$14.775 billion.

Stock News: Herbalife Shares Up Almost 15%

Shares of weight-loss expert Herbalife (NYSE: HLF ) rose as much as 14% in intraday trading today with a heavier-than-average volume. For the second quarter, Herbalife reported total sales of $880 million, up 28% from last year -much more than the $829 million predicted by stock analysts. Herbalife showed investors $0.88 in per-share earnings against the $0.75 analysts were expecting. While growth in North America was nothing to write home about, strong performance in Asia Pacific, Mexico, and South and Central America drove the higher than expected results. The company's revenue from Asia pacific rose about 38 percent to $237.1 million, while Mexico revenues rose...Click here to see the data on Reuters.com.