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 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 stocks slip after 5-day winning streak
Mexican stocks fell over 1 percent on Tuesday after a five-day winning streak in a sell-off led by cement maker Cemex and cellular phone giant America Movil as investors moved to the sidelines ahead of a U.S. Federal Reserve meeting later this week.
The IPC stock index < .MXX> lost 249 points to 21,416 points and the peso weakened 0.30 percent to 10.95 to the dollar.
Stock prices had taken heart in recent sessions from reports showing tame U.S. inflation, leading investors to bet the Federal Reserve will hold interest rates steady at its monetary
Violence breaks out in parts of Mexico
Assailants lobbed a grenade at a hotel and a prison director and police chief barely survived separate attempts on their lives in an outbreak of violence in several parts of Mexico.
The grenade attack happened early Saturday in the resort city of Zihuatanejo, 240 kilometers (150 miles) north of Acapulco. The grenade exploded about 4 a.m. (1000 GMT) in the parking lot of the Hotel Posada Colonial, shattering windows and injuring a person who was hit in the leg by a fragment of the weapon, Preventive Police official Miguel Garcia said.
The incident marked the third
Mexico's win streak ends
Mexican stocks fell Wednesday after reaching a new intraday high, ending a string of five record closes as investors locked in profits ahead of the long U.S. holiday weekend.
The market's key IPC index fell 0.9% to 16713.91. The index briefly rose above 17000 points before the week-long rally ran out of steam....
Source: marketwatch.com
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
Mexico stun Brazil, Germany 2006 takes shape
Mexico claimed a FIFA World Championship crown for the first time in their history as they won the U-17 title at the start of October with an emphatic 3-0 win over reigning champions Brazil at Peru 2005. Mexico's Carlos Vela struck for the fifth time in the final to secure the adidas Golden Shoe award as top scorer of the tournament.
Brazil's Anderson, sadly supported by crutches, collected the adidas Golden Ball for the Player of the Tournament and Korea DPR were handed the fair-play trophy. Netherlands gained revenge for losing the European U-17
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,
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
Mexico Reinstates Visa Requirement for Brazilians (Update2)
Mexico is resuming a visa requirement for Brazilians and Ecuadoreans to help stem the flow of illegal immigrants to the U.S. Brazil and Ecuador responded by demanding visas from Mexicans.
The return to requiring visas, announced in a statement today by the Mexican Foreign Ministry, reverses a five-year-old policy of allowing Brazilians visa-free entry and breaks a 36- year-old agreement with Ecuador. The Brazilian and Ecuadorean foreign ministries said visas for Mexican tourists and business people would be reinstated Oct. 23, the same day the Mexican rule takes effect, under reciprocity policies.
The
Mexico tourism rises despite hurricanes
Nearly 22 million foreign tourists visited Mexico last year, 6.5 percent more than in 2004, according to Tourism Department data.
The visitors spent a total of $11.8 billion in Mexico, the department said in a news release Saturday.
The rise in tourists came despite three ferocious hurricanes that hit last year.
Hurricanes Emily, Stan and Wilma struck the country between July and October, killing 75 people and causing $2.15 billion worth of damage.
Wilma smashed directly into Cancun, the nation's glitzy Caribbean resort, on Oct. 22, damaging hotels and clearing sand from some beaches.
More: mercurynews.com
