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Pope Sends Condolences to Victims of Gas Tanker Explosion in Mexico
22 Victims Dead in Ecatepec in Tragic High AccidentBy Junno Arocho EstevesVATICAN CITY, May 08, 2013 (Zenit.org) - Pope Francis sent his condolences to the victims of the tragic gas tanker explosion that occurred yesterday in Ecatepec, Mexico yesterday. The message was sent by Cardinal Tarcisio Bertone, Vatican Secretary of State, on behalf of the Holy Father.The accident occurred yesterday ...
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Mexicos Inflation Exceeds Expectations in Early May
By Juan Montes MEXICO CITY--Mexico's annual inflation rose more than expected in early May, hitting a seven-month high and making it more difficult for the central bank to weigh an additional rate cut in the near future. Twelve-month inflation measured by the consumer price index rose to 4.72% as of May 15, Mexico's statistics agency said Thursday, up from 4.65% at the end of ...
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Slims Mexico bank Inbursa says to hold share offer for Caixa
MEXICO CITY | Thu May 23, 2013 10:44am EDT MEXICO CITY May 23 (Reuters) - Billionaire Carlos Slim's Mexican bank Inbursa said on Thursday that it would hold a secondary share offering on behalf of Spain' Caixabank. Caixabank said earlier that it was considering selling around 10 percent of Grupo Financiero Inbursa, worth $1.6 billion, to reduce its stake by half. Inbursa said in ...
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First-time jobless claims drop by 23000
The U.S. Labor Department said first-time jobless benefits claims dropped by 23,000 to 340,000 in the week that ended Saturday. The department revised last week's estimate from 360,000 to 363,000, meaning the prior week's gain in initial claims filed came to 35,000, not 32,000. The four-week rolling average for the week fell by 500 to 339,500. The largest increases in initial claims ...
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Retail sales recover in Mexico
In Brazil, inflation eased slightly in mid-May, although slightly less than we expected, and the current account widened to 3% of GDP. In spite of the moderation in inflation, the hardening tone of the BCB leads us to expect the Selic rate to rise by a total of 125bp by end-August. Meanwhile, in Mexico, retail sales recovered slightly in March. Today markets will focus on unemployment figures in ...
Mexico City Feature Story
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Mexico City launches eco-friendly and cash friendly project
Mexico City has joined a global movement that has taken many major city municipalities by storm in recent years, the eco-friendly movement of bicycle-sharing. The city joins the ranks of Montreal, Paris, Barcelona and many other major cities across Europe and the world, such as Beijing in China and Melbourne in Australia. The scheme, once rolled out in its entirety, is expected to play a part in relieving some of the burden on Mexico City’s streets.
Mexico City, the largest and richest city in Mexico, is also one of the worst for traffic jams. A recent study by IMB, the IMB Commuter Pain Study, found Mexico City and Beijing to be the two worst cities in the entire world for traffic jams, ours are among the longest and most frequent with the city getting a score of 99 out of 100 on the commuter pain index, this compared to Stockholm, which scored 15. Read more
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