Buying in Mexico
Title insurance can provide peace of mind for those wary of Baja California real-estate investments
The promise of lucrative profits and the allure of stunning ocean views have drawn U.S. citizens in droves to invest in Baja California real estate, but buying property in Mexico is not necessarily without risk.
It wasn’t all that long ago that dozens of Americans were evicted from their homes in Punta Banda outside Ensenada after a Mexican court ruled that the land on which they were living be returned to the original, lawful owners.
he potential for harrowing property disputes, though, may well become a thing of the past with the increasing availability of title insurance policies issued by U.S. insurers.
As commonplace as title insurance is in the United States, it has not been a standard component of real estate transactions in the Rosarito-Ensenada corridor – until recently.
More: signonsandiego.com
FUND VIEW-Mexico protests may be buying opportunity
Political uncertainty created by mass protests in Mexico may present investors with more of an opportunity than a threat, according to the head of global emerging markets equities at Aberdeen Asset Managers.
Our experience has shown over the years that political uncertainty is a good opportunity to buy companies cheaply, Devan Kaloo said in an interview on Monday.
Mexicos IPC index of shares was down on Monday after supporters of leftist candidate Andres Manuel Lopez Obrador vowed to shut down Mexico Citys main business district to push for a recount after a tight presidential election.
But Mexican
Mexico bread maker Bimbo to keep buying in 2006
Mexico's Bimbo, the world's No. 3 bread maker, will keep up a strategy of small-scale takeovers in 2006 to strengthen its operations and boost growth, analysts say.
The company, which is starting to reap the rewards of investments in sales technology in Mexico and the United States, is not planning to pay an extraordinary dividend requested by investors, analysts said on Friday after meeting with company executives.
"The fact they are growing in Latin America and the United States creates a positive outlook. The group will keep investing and very likely the small buyouts
The main international car hire companies operate in all countries, but tend to be very expensive, reflecting the high costs and accident rates. Hotels and tourist agencies will tell wnere t0 find cheaper rates, but you will need to check that you have such basics as a spare wheel, toolkit and functioning lights, etc You'll probably have more fun if you drive yourself, although it's always possible to hire a car with driver. If you are in a group it is worth considering hiring a vehicle as it can be cost effective to club together.
Motorcycling
People are generally very friendly to motorcyclists and you can make many friends by returning friendship to those who show an interest in you. Buying a bike in the States and driving down works out cheaper than buying one in Europe in making your choice go for a comfortable bike. The motorcycle should be off-road capable without necessarily being an off-road bike. A road hike can go most places an off-road bike can go at the cost of greater effort.
Security
This is not a problem in most countries. Try not to leave a fully laden bike on its own. An
Norsk Hydro in Gulf of Mexico acquisition
Norsk Hydro, the Norwegian energy and metals group, said on Monday it was buying Spinnaker Exploration, the US oil company operating in the Gulf of Mexico, for about $2.5bn.
The all-cash transaction represents Hydro’s biggest acquisition of overseas oil and gas assets to date, Eivind Reiten, chief executive, told the Financial Times.
More: news.ft.com
Norsk Hydro in Gulf of Mexico acquisition
Norsk Hydro, the Norwegian energy and metals group, said on Monday it was buying Spinnaker Exploration, the US oil company operating in the Gulf of Mexico, for about $2.5bn.
The all-cash transaction represents Hydro's biggest acquisition of overseas oil and gas assets to date, Eivind Reiten, chief executive, told the Financial Times.
Source: news.moneycentral.msn.com
Stocks Up in Mexico, Brazil, Argentina
Mexican stocks closed at a record high for a second-straight day Wednesday as investors shook off early doubts and resumed buying, expecting some solid second-quarter earnings reports.
After a negative start, the market's key IPC index closed up 0.2 percent or 33.56 points to 14,005.23. It was a second-straight record close, and the index's first ever close above 14,000 points.
Volume was 104.7 million shares worth 2.37 billion pesos.
Analysts and traders say the recent gains have been fueled by second-quarter earnings expectations.
More: forbes.com
From Long Island to Mexico, with Love
The electrical system in rural Tenango, Mexico, was so bad Martha Bernal Estrada couldn't iron clothes and watch television at the same time.
She used to have a refrigerator, but that burned out, too. So she stores food on a shelf and makes sure her children quickly drink the milk she buys each day before it goes sour.
"We've always had a problem with the electricity," Bernal said in Spanish. "It was always so low in the house."
But that changed in October when a new electricity system built with money from Mexican immigrants in Farmingville and
Brazil Bovespa Falls on Politics; Mexico Falls: Latin Stocks
Brazil's main equity index fell for the first time this week, led by state-controlled oil company Petroleo Brasileiro SA, on concern further revelations from a probe into alleged vote-buying may weaken the government.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange fell 555.25, or 2.1 percent, to 25,364.70 at 1:22 p.m. New York time. The Bovespa gained 3.9 percent for the week, boosted by a poll Tuesday that showed President Luiz Inacio Lula da Silva's approval rating rose in June, easing concern he would lose support over
Lionsgate acquires Spanish film rights from Mexico's Mach 8
Lionsgate is beefing up its position in the Latino market, acquiring the North American home video and video-on-demand distribution rights to films from Mexican production house Mach 8.
Financial terms were not disclosed.
The company will get access to Mach 8's coming releases along with the company's entire 62-title library.
"Study after study shows the growth of the buying power of the Latino community in the United States," said Lionsgate president Steve Beeks in a release.
"It is by far the fastest growing segment of our population and we have always recognized
