Latest Mexico City News
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Panel Solicits Applicants For New Mexico Insurance Regulator
Former State Insurance Superintendent Chris Krahling has been named to a panel that will select New Mexico’s top insurance regulator. A nine-member committee will select the next superintendent of insurance, who starting in July will be in charge of an independent office regulating insurance rates and policies. The committee meets Tuesday in Albuquerque, and is accepting applications for ...
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Mexicos Urbi defaults on interest payment
MEXICO CITY | Mon May 20, 2013 11:41am EDT MEXICO CITY May 20 (Reuters) - Mexico's third-largest homebuilder, Urbi Desarrollos, on Monday said it will not meet a $6.4 million interest payment due since last month. The company had previously sought a 30-day grace period to make the payment on its 2016 bonds, but that expired on May 19. Urbi, which is already facing lawsuits for ...
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CORRECTED-REUTERS SUMMIT-Mexico will see bank reform impact in 2-3 years Banortes Ortiz
Mon May 20, 2013 11:40am EDT (Corrects attribution of quote in 8th paragraph to President Enrique Pena Nieto Mexican, not Guillermo Ortiz) By Tomas Sarmiento and Krista Hughes MEXICO CITY May 20 (Reuters) - Mexico's banking reform will take two or three years to have an impact on credit and access to financial services, said the chairman of Mexico's largest locally-owned bank, Grupo ...
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Ice Industries Mexico Begins Shipments to Major New Customer
Ice Industries recently began shipping to a major new business furniture customer from its newly expanded Monterrey/Apodaca, Mexico production facility. As a market leader, the customer's efficiency goals were best achieved by outsourcing ...
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Missing B.C. man feared kidnapped in Mexico
METRO VANCOUVER -- The family of a Coquitlam man who went missing in Mexico is desperately seeking information about what they now believe is a ...
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Want to retire on the beach Mexico talks of liberalizing land sales
Supporters say the change could help Mexico compete with Central America for US retirees seeking spots in the sun. But could it hurt Mexican access to prime real ...
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Cruz Azul America to meet in Clausura final
MEXICO CITY -- Mexico City rivals Cruz Azul and America will meet in the final of Mexico's first division Clausura tournament after victories in weekend semifinals.Javier Orozco scored twice in the opening 25 minutes as Cruz Azul defeated Santos 2-1 on Sunday for a 5-1 aggregate victory, while America's 2-1 win over Monterrey on Saturday gave them a 4-3 aggregate win.America would ...
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From Mexico City to a bus-turned-classroom in Hodgkins
Bieniek shared the story of Amelia, a woman from Mexico who moved to California expecting a house on the ocean and palm trees. In reality, the Desert Palms apartment complex where her brother lives isn’t as nice as it sounded.Amelia sleeps on a couch in the dumpy, windowless apartment and finds a job as a maid, which she doesn’t like at first. But she works hard and gets promoted to ...
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Nestle invests USD130 mn in Mexico plant
Mexico City, May 20 : Mexican President Enrique Pena Nieto inaugurated a 1.6-billion-peso (USD130-million) expansion of a Nestle instant coffee factory in the central city of ...
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As trade with Mexico expands companies flock to Santa Teresa
Santa Teresa's industrial park is booming because of trade with Mexico, particularly serving the maquila industry. Construction of the $400 million Union Pacific railroad intermodal facility is seen under way earlier this month. (Roberto E. Rosales/Albuquerque ...
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GDP growth in 1Q13 tops expectations in Mexico
GDP growth in Mexico in the first quarter came out above our expectations, but still registered a 2.2% YoY growth rate, the lowest since 2009. Meanwhile, in Colombia, March manufacturing and retail numbers produced a mixed picture, although we expect a decisive recovery in April. Today all eyes will be on 1Q13 growth in Chile, expected to show a slowdown in domestic ...
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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