Business Mexico


  • A fire on a Mexican offshore oil platform cut off 422 barrels per day (bpd) of production on Tuesday, state-owned energy monopoly Pemex said, a tiny fraction of Mexico's overall output.

  • Duane "Dog" Chapman, star of the reality series "Dog, the Bounty Hunter."

    Television bounty hunter Duane "Dog" Chapman, who had his reality show taken off the air after getting caught using a racial slur, will not be extradited to Mexico to face a pending appeal of kidnapping charges against him, a judge has ruled.

  • Alex Rodriguez

    We need to see Scott Boras' math. He has told and the New York Post that his potentially free agent client Alex Rodriguez is worth more than $30 million a year when you factor in what A-Rod could be worth to the Yankees regional sports network, YES. The number he specifically uttered, according to ESPN Radio's Andrew Marchand, is at least $500 million of worth over the next 10 years.

  • Mexican rebels claim pipeline attacks

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    Energy companies in the Gulf of Mexico stepped up evacuations of workers Friday ahead of the first Atlantic hurricane of 2007, even as most revised forecasts showed the storm missing oil and gas installations.

  • Mexican tycoon Carlos Slim.

    Mexican tycoon Carlos Slim is the world's richest man, worth an estimated $67.8 billion, after overtaking Microsoft Corp. founder Bill Gates, according to a respected tracker of Mexican financial wealth on Monday.

  • Secretary of State Hillary Rodham Clinton (AP Photo/J. Scott Applewhite)

    Democratic presidential front-runner Hillary Rodham Clinton now leads top Republican Rudy Giuliani in a potential general election matchup for 2008, according to the latest NBC/Wall Street Journal poll.

  • Former Federal Reserve Chairman Alan Greenspan on Wednesday said a rise in import prices of Chinese goods to the U.S. may be a signal the disinflationary process may be reversing.

  • What does a billion dollars look like?Two hundred people in suits and ties and pants suits at the Ventana De Mexico in Tucson Arizona -- developers, investors and bankers all coming together for three days for Baja and Sea of Cortes investment summit.The previous such gathering in Tijuana just eight months ago ended up with 1.5 billion -- that's with a "B" -- dollars in deals being signed.

  • The European Union said Tuesday that it has asked to participate in World Trade Organization talks over Chinese copyright and trademark policy initiated last month by the administration of U.S. President George W. Bush.

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    Mexican telecom magnate Carlos Slim has quietly overtaken investor Warren Buffett as the world's second-richest man and is close to wresting the top spot from Bill Gates, Forbes magazine reported Wednesday.

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    A booming housing market, a surge in direct foreign investment and new investment laws are driving both the economy and the stock market.

  • Mexico's stock market has been on a tear, and brokers and investment bankers are pouring millions into equities. U.K.-based Barclays, for one, is expanding its presence south of the border, putting 44 funds on the Mexican bourse and brokering billions of dollars in deals.

  • Home improvement retailer Lowe's said Wednesday it will open three to five stores in Monterrey, Mexico in 2009, representing an investment of $18 million to $20 million per store.

  • A soft landing is still a landing – and CGM Realty Fund’s Kenneth Heebner is preparing to roll with it. He serves as portfolio manager at the fund, which has been warily watching the real estate market’s more moribund developments – such as the sudden glut in unsold condominiums in cities like New York, Boston and Washington, DC.

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    According to the U.S. Census Bureau about 46 million Americans don't have health coverage and probably millions more Mexican nationals who live and work here (whether legally or not) don't have health insurance either. It's just not available or its too expensive. In some places, however, its available and cheap; you just have to go south of the border to get it. CNBC’s Jane Wells explained on “Power Lunch.”

  • Arcelor Mittal said on Wednesday it will acquire Sicartsa, a Mexican intergraded steel producer, from Mexican steel maker Grupo Villacero for $1.439 billion.