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The ever-changing face of campaign politics in Mexico

The ever-changing face of campaign politics in Mexico Once more the unimaginable seems unavoidable in Mexican politics. Barely two weeks following the start of what looked to be a ho-hum event, Mexican presidential campaigning took another turn in which the 2006 election outcome may again become unpredictable. The split in the Institutional Revolutionary Party (PRI) ranks has turned into a mutiny that not only threatens party unity and its 2006 election results, but eventually the party itself. Earlier Roberto Madrazo, the PRI boss and leading presidential hopeful, had fought back a showdown with a group of PRI governors, and he

RMC buy to double Mexico’s Cemex net profit

RMC buy to double Mexico's Cemex net profit Mexico's Cemex, the world's No. 3 cement maker, is seen doubling its third-quarter net profit from higher sales in the consolidation of Britain's ready-mix concrete giant RMC and financial gains. A Reuters survey of six analysts forecast, on average, a July-September net profit for Cemex of $783 million, up 117 percent from a year earlier. The survey forecast that Cemex's (CX.N: Quote, Profile, Research) (CEMEXCPO.MX: Quote, Profile, Research) revenues will jump 114 percent in the quarter, largely boosted by income from its $5.8 billion acquisition of RMC, the world's largest ready-mix concrete maker. Financial gains from

RMC acquisition to boost profit for Mexico’s Cemex

RMC acquisition to boost profit for Mexico's Cemex Mexico's Cemex, the world's No. 3 cement maker, is expected to almost triple its second-quarter net profit from the takeover of Britain's ready- mix concrete producer RMC and from foreign exchange gains. A Reuters survey of six analysts forecast, on average, that Cemex (CX.N: Quote, Profile, Research) (CEMEXCPO.MX: Quote, Profile, Research) would report a net profit of $634 million for the April-to-June period, up from $247 million in the same period a year earlier. In March Cemex bought RMC, the world's largest ready-mix concrete maker, for $5.8 billion, which strengthened its business base in Europe and doubled sales. "Above and beyond

Most markets close lower; Mexico gains

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 Bovespa Falls on Politics; Mexico Falls: Latin Stocks

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

Mexicos Calderon to tour Latam, skipping Venezuela

Mexicos Calderon to tour Latam, skipping Venezuela Mexican President-elect Felipe Calderon, who wants to counter the influence of Latin American leaders like U.S.-foe Venezuelan President Hugo Chavez, sets off on a tour of the region next week. Conservative Calderon, 44, will take in Guatemala, Costa Rica, Colombia, Chile and Brazil on the trip, but will not visit Venezuela and other countries like Bolivia whose leftist leaders are aligned with Chavez. Calderon has said he wants Mexico to play a more active role in regional politics to balance the influence of Chavez, who is trying to reduce U.S power over Latin American affairs. More :

In Mexico, women’s advocates make slow but steady gains against violence

In Mexico, women's advocates make slow but steady gains against violence Sandra Garcia says her father beat her when she was a child. Now 18, she isn't afraid to talk about it, unlike her mother, who kept quiet even as the same man brutalized her and rarely let her leave the house, much less work. "I'm getting therapy because I don't want to let what happened to me destroy my life the way it destroyed my mother's life," said the young woman, who receives counseling at a Mexico City clinic. "She never reported the violence she suffered because she didn't know how

Mexico reports trade gains

Mexico reports trade gains Mexico posted an unexpected trade surplus in April as exports climbed, buoyed by near-record high oil prices and growing U.S. demand for Mexican-made automobiles, a report said Wednesday. Exports rose 13.9 percent in April from the same month a year ago, a Finance Ministry report showed. Imports rose 7.3 percent. The country posted a trade surplus of $464 million after a $147 million deficit in March. Economists had expected a trade deficit of $330 million, according to a Bloomberg survey. Were still seeing very strong growth compared to previous years, David Franco, an economist for JPMorgan Chase & Co. in

Calderon Gains Support in Mexico Presidential Poll

Calderon Gains Support in Mexico Presidential Poll Felipe Calderon, Mexican President Vicente Foxs former energy minister, gained support among the countrys voters in an opinion poll taken after the June 6 presidential debate. Support for Calderon, the National Action Partys candidate, rose to 37 percent from 36 percent a week ago, while backing for former Mexico City Mayor Andres Manuel Lopez Obrador, the Party of the Democratic Revolutions candidate, fell to 34 percent from 36 percent, according to a poll released by the Mexico City-based newspaper El Universal. The poll has an margin of error of plus or minus 3.4

Mexico Gains In Foreign Investment Confidence - Survey

Mexico Gains In Foreign Investment Confidence - Survey Mexico's attractiveness as a destination for foreign direct investment rose this year, but the country remained outside of the top 10 for the second straight year, global consulting company AT Kearney said Wednesday. Mexico placed 16th on AT Kearney's 2005 FDI Confidence Index, up from 22nd in 2004. In Latin America, only Brazil was above Mexico, rising to seventh place from 17th a year ago. AT Kearney vice president Ricardo Haneine said at a press conference that investment expectations for the manufacturing sector, including assembly-for-export maquiladora plants, was the main cause of