Business Mexico


  • 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.

  • wells_Bio_Photos_US_120.jpg

    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.