Google opens offices in Brazil, Mexico
Search engine Google Inc. on Thursday said that it has opened offices in Sao Paulo, Brazil, and Mexico City, as it looks to accelerate growth in Latin America.
The offices will be charged with boosting use of Google Web sites and increasing advertising sales in the region for the Mountain View, California-based Internet company.
The Mexico operation is led by Gonzalo Alonso, formerly sales director for the T1MSN Internet service. Google’s operation in Brazil is managed by Alexandre Hohagen, who was previously Brazil general manager for HBO.
Source: today.reuters.com
Google Opens Offices in Mexico and Brazil
Brad Hill from the theunofficialgoogleweblog posts that Google has recently opened offices in Mexico City and Sao Paulo, Brazil. In July, we posted that Google had acquired San Paulo-based, Akwan Information Technologies and planned to open a research and development center there. Btw, the theunofficialgoogleweblog post also points out that Google is now trading at over $400/share. As I post this item, it's trading at $403.84, an all-time high.
More: blog.searchenginewatch.com
Mazda Opens First Dealerships in Mexico
Mazda Motor Corp. said Thursday it has started commercial operations in Mexico with dealerships in the country's three main cities.
In a statement, Mazda said that in a first phase, it will offer three models: the Mazda3 subcompact in four-door and hatchback versions, the Mazda5 minivan, and the Mazda6 Sports Sedan.
Mazda said the cars will sold through independent distributors backed by a multinational management team reporting to its central offices in Hiroshima, Japan and its offices in Irvine, California.
The company said it's starting out with four dealerships - two in Mexico City and
Banorte to Offer Services in Mexico Telegraph Offices (Update1)
Grupo Financiero Banorte SA, Mexico's fourth-biggest lender, entered an agreement to offer banking services through 1,554 Mexican government telegraph offices and expand into small towns.
Clients will initially be able to withdraw cash, make deposits, check account balances and apply to open an account at the telegraph offices as part of the non-exclusive contract the Monterrey-based bank signed with the government-controlled telegraph company, Banorte Chief Executive Luis Pena Kegel said.
Pena Kegel is seeking to expand into areas that aren't served by any banks as Banorte faces more competition from international
Brazil reverses course to close higher; Mexico rises
Brazilian equities finished higher Monday as investors took advantage of prices declines earlier in the session, and Mexican stocks were supported by a rally in U.S. markets as investors focused on a drop in oil prices.
In Sao Paulo, the Bovespa rose 174 points, or 0.5%, to close at 34,972.74.
Brazilian shares lost ground earlier in the session, reacting negatively to a sell-off in the currency, said Ricardo Amorim, head of Latin American strategy at WestLB.
The real hit 2.2377 against the U.S. earlier in the day, its lowest level since June 28,
Mexico breaks five-day losing streak; Brazil rises
Major markets in the Latin America closed higher Tuesday, boosted by a robust recovery in U.S. stocks that was fueled by falling oil prices.
Crude oil prices, which had strengthened on reports of an attack on the U.S. Embassy in Syria, fell below $64 a barrel as demand forecasts were revised lower.
In Mexico stocks broke a five-day losing streak. The key IPC index surged 489.88 points, or 2.4%, to 21,102.77.
More : marketwatch.com
Brazil, Mexico, Canada hit highs
Markets in the Americas continued their bull run into 2006 on Wednesday, with a second day of record-setting closes in both Brazil and Mexico.
Brazilian shares surged to another record-high close with the help of foreign and domestic funds snapping up blue chips and building portfolios for what is expected to be a banner year.
The benchmark Bovespa stock index closed 1.3% higher at 35002 points, edging over the psychologically daunting 35000-point barrier and topping the previous record-high close of 34541 points set Tuesday. Volume was heavy in Sao Paulo.
Foreign and domestic funds were building blue-chip portfolios
HBPO Opens New Manufacturing Plant in Mexico
HBPO GmbH, a joint-venture company formed by automotive suppliers Hella, Behr and Plastic Omnium, has opened a new 12,000-square-foot manufacturing plant in Hermosillo, Mexico.
The facility will produce front-end modules for the Ford Fusion, Mercury Milan and Lincoln Zephyr models built at Ford Motor Company's Hermosillo assembly plant. The HBPO facility employs 42 people and has an annual production capacity of more than 220,000 front-end modules.
The Hermosillo plant is HBPO's second facility in Mexico. The company also operates a plant with more than 110 employees in Puebla that supplies front-end modules for Volkswagen
Most markets close lower; Mexico gains
Most major markets in Latin America finished lower Tuesday, following the Wall Street trend of interest rate concerns overshadowing some strong earnings and a pullback in oil prices.
But Mexicos IPC index closed a fifth straight session at an all-time high at 20,360.61, up 161.90 points or 0.8%.
Stocks in Mexico rose as investors anticipated the flurry of first-quarter earnings reports this week and after a poll showed former Energy Minister Felipe Calderon leading former Mexico City Mayor Andres Lopez Obrador in the presidential race, according to media reports.
In Brazil, the benchmark Bovespa index
Brazil, Mexico Stocks End Down
Mexico and Brazil stocks slid Wednesday, pulled down by weakness in U.S. equities.
Traders said a late-session dip in the Dow Jones industrial average prompted some selling in Latin American markets.
The Dow lost 1.20 points, or 0.01 percent, to 11,102.51 after rising a total of 230 points the first two days this week.
Brazils benchmark Ibovespa stocks index ended 0.24 percent lower at 36,681 points in thin volume.
More : chron.com
Canada flat; Mexico, Brazil retreat
After a strong surge to open 2006, stocks in the Americas cooled down on Thursday. Shares in Canada were little changed, while Brazil and Mexico posted small retreats.
Toronto stocks closed flat, as a surge in techs cushioned downward pressure on the oil and gold groups.
The S&P/TSX Composite Index rose 6.20 points, or 0.05%, to 11507.68. But declines beat advances 791 to 671. The S&P/TSX 60 Index closed up 0.56 points, or 0.09%, to 648.99.
Only two of Toronto's 10 sector indexes fell, one of which was the heavily-weighted energy sector.
Oil stocks retreated, mirroring the price of crude,
