Mexico City mayor’s last speech a platform for next move
Mexico City’s popular leftist mayor bid farewell to the city’s 9 million residents yesterday during a rousing state of the city address that set the stage for his campaign to become Mexico’s next president.
With a wave and a thumbs-up sign to a cheering crowd, Mayor Andrés Manuel López Obrador stepped down from the job that thrust him into the national spotlight five years ago and made him the leading candidate for the 2006 presidency.
“I am going to fight together with many Mexicans, women and men, for a true transformation of Mexico,” he told several thousand city workers who were given time off to hear his speech at the National Auditorium.
López Obrador, the city’s second elected mayor, leaves his post with an unprecedented 76 percent approval rating, according to a poll published yesterday in the Mexico City daily Reforma.
More: signonsandiego.com
BHP could face write-offs from Gulf of Mexico hurricane damage
BHP Billiton may be forced to write off its Typhoon oil and gas platform after extensive damage caused by hurricanes in the Gulf of Mexico earlier this year, the Age reported, citing analysts.
The newspaper said that analysts downgraded their forecasts for BHP Billiton's oil and gas production after the company provided a briefing on the impact of the hurricanes to investors last Friday.
BHP Billiton did not change its production forecast but warned of the potential for delays on some projects and said no decision had yet been made on
Update 6: Zapatistas Begin Tour to Reshape Mexico
Zapatista rebels met Monday with leaders of poor and Indian groups at the start of a campaign that has carried them from their jungle strongholds for the first time in four years in a bid to reshape Mexico's politics.
The rebels' ski-masked spokesman, Subcomandante Marcos, arrived Monday in a caravan of minivans, SUVS and pickup trucks for the meetings with non-governmental organizations in this mountain city in southern Mexico.
The night before, Marcos formally launched the nationwide tour with a speech railing against capitalism, free trade and the Mexican government before 15,000 rebels
TEXT-Greenspan speech to Banco de Mexico conference
Below is the text of Federal Reserve Chairman Alan Greenspan's speech on Monday to a conference by the Banco de Mexico in Mexico City. Stability and Economic Growth: The Role of the Central Bank International finance presents us with a number of intriguing anomalies, but the one that seems to bedevil monetary policy makers the most as they seek stability and growth (the topic of this conference) is the seemingly endless ability of the United States to finance its current account deficit.
To date, despite a current account deficit exceeding 6 percent of our
Bank Of Nova Scotia Goes Wholesale Into Mexico >BNS
When Mexican retailer Grupo Chedraui decided to bid for a group of supermarkets owned by France's Carrefour S.A. (12017.FR), it turned to a Canadian bank.
Bank of Nova Scotia (BNS) sent a team of merger & acquisition specialists to guide the retailer through the process. Along the way, the Toronto-based bank helped Chedraui finance the $550 million purchase, provided foreign-exchange services and helped it hedge its interest-rate risk.
That, says David Wilson, chairman of the bank's investment-banking wing Scotia Capital, is the kind of cross-selling potential Bank of Nova Scotia sees in Mexico.
Company says helicopter accident kills 2 in Gulf of Mexico
A helicopter accident in the Gulf of Mexico killed two employees of Air Logistics, a company that provides transportation to offshore oil and gas platforms, the company said Friday in a news release.
The accident happened Thursday but the company released few details, including the approximate location of the accident in the Gulf.
"The aircraft, a single engine Bell helicopter, reportedly departed one production platform and was planning to land at a nearby platform when the accident occurred," a release from Air Logistics' parent company, Offshore Logistics Inc., said. "The families of the
Short on trucks, GM gears up in Mexico
With its employee-pricing sale over, General Motors Corp. is turning to its Mexican factories to replenish the stocks of American auto dealers.
"We're short on trucks. Dealers don't have them in all the colors and with all the options that people want," said Gilbert Duhn, a customs manager for the company. "We've started building more trucks in Mexico."
Such a move wouldn't be possible without the North American Free Trade Agreement, Duhn said during a speech at the NAFTA vs. Global Competition conference here, which ended Friday. The two-day event was hosted by
Valley-Dynamo to move manufacturing to Mexico, cut 90 jobs
Valley-Dynamo, a division of Brunswick Corp. (BC.N: Quote, Profile, Research) on Tuesday said it expects to reduce its workforce by 90 positions as it moves its manufacturing operations to Reynosa, Mexico from Richland Hills, Texas.
The company will relocate to a new headquarters and distribution warehouse in the Dallas-Fort Worth area, the pool, air hockey and foosball tables maker said in a statement.
The move from the United States to Mexico will allow the company to realize substantial cost savings, it said. (Reporting by Anup Roy in Bangalore)
More : today.reuters.com
Mexico’s sly Fox may have saved his best for last
In what was supposed to be the reenactment of an annual ritual held over from autocratic presidential days, Mexican President Vicente Fox delivered his State of the Nation address on September 1 in an atmosphere of partisan adversity that has marked his first five years in a six year term.
In breaking with tradition, Fox however abandoned what he called the “ritual†of a conventional address, in which the presidential figure was central to Mexico’s political universe. Although Fox met his constitutional obligation to inform Congress of his administration’s activities, he
How is immigration reform none of Mexico's business?
Diehard optimists still hoping for a forward-looking binational migration accord based on mutual respect and regional cooperation got hit with a cruel dose of reality last week. As a flood of xenophobia-tinged border security and immigrant-crackdown bills work their way through both houses of the U.S. Congress, President Bush delivered a long-awaited major speech that left no doubt about how Mexico's neighbor and trading partner will deal with reform.
The message comes down to this: The United States will not regularize the millions of undocumented immigrants working in its territory. It will instead seek
The bowling center quickly filled up with blue-collar customers eager to toss their Brunswick balls down Brunswick lanes.
The Brunswick pinsetters quickly replaced fallen pins as local leagues competed for the highest scores on the Brunswick boards. It was a typical evening at Northway Lanes.
Brad Jacobs, whose family has managed Northway for 20 years, said he always hawked Brunswick balls to promote American- and Muskegon-made merchandise.
"We wanted to support the local people making them," he said. "But now, it really doesn't matter to us."
In June, Brunswick Corp. announced plans to move its Muskegon bowling ball work to Reynosa, Mexico. Executives
