MEXICO

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Mexico's Axtel surges on move toward TV

The stock of Mexican telecommunications provider Axtel rose for a third straight session on Thursday on news that it plans to offer satellite television, creating tougher competition for media giant Televisa.

Steps by developing nations to fight climate change

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Major developing nations have announced steps over the past year to curb their growing greenhouse emissions as the world tries to negotiate a broader, and tougher, U.N. pact to slow the pace of climate change.

Credit Crunch Constrains International Buyers

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Interest in U.S. real estate by international buyers declined due to the worldwide recession and severe credit crunch, according to the 2009 National Association of Realtors Profile of International Home Buying Activity.
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Mexican hijack ends peacefully, all aboard safe

Hijackers seized an AeroMexico passenger plane in Mexico with more than 100 people on board on Wednesday but the incident ended quickly. without bloodshed, and nine suspects were detained.
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Aeromexico's plane hijack ends

The hijack to Mexico's Aeromexico flight 576 from Cancun to Mexico City ended after police captured at least six suspects and regained control of the airplane, Mexican media reported Wednesday.
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Mexico plans more taxes, cuts in bureaucracy

Mexican President Felipe Calderon asked Congress on Tuesday to raise taxes and slash spending on government bureaucracy to prop up public finances as the country languishes in a deep recession.
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9 Excellent Stops Along the Pan American Highway

After our fourth child was born, my husband and I got this crazy notion to move to Costa Rica. We had talked about living abroad sometime in our life, and though my husband had lived in Peru for two years before we were married,
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BP makes giant oil find in Gulf of Mexico

Oil major BP Plc said it has made an oil discovery in the Gulf of Mexico, which analysts believe could contain over 1 billion barrels of recoverable reserves, reaffirming the Gulf's strategic importance to the industry.
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U.S. anti-drug aid to Mexico reaches $214 million

The United States has written checks for $214 million of the $1.4 billion promised to Mexico in 2007 to help fight the country's powerful drug cartels, Washington's top anti-drug diplomat said on Tuesday.
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Hurricane Jimena latest update, path, forecast (Sept 1)

Hurricane Jimena has weakened slightly as it approaches the southwestern area of Mexico's Baja California Peninsula but remains an extremely dangerous category 4 hurricane, the National Hurricane Center said on its latest report.
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U.S. ethanol group wants origin labeling for oil

NEW YORK - A U.S. ethanol industry group is pushing lawmakers to craft legislation requiring fuel companies to inform customers what country their fuel came from in hopes of increasing awareness about money spent on oil imported from overseas.
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Sony to sell LCD TV assembly plant to Hon Hai

Sony Corp said it would sell an LCD TV assembly plant in Mexico to Taiwan's Hon Hai Precision Industry in a bid to cut costs by contracting out production and turn around its loss-making TV operations.
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Hurricane Jimena almost a category 5 hurricane

Hurricane Jimena is very close to becoming a category 5 hurricane, the highest in the Saffir-Simpson scale with sustained winds greater than 155 miles per hour, the National Hurricane Center reported at 5:00 p.m. EST on Monday.
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Dangerous hurricane headed for western Mexico

Hurricane Jimena, a dangerous Category 4 storm, churned toward Mexico's Baja California Peninsula on Monday, headed for the upscale resort of Los Cabos where residents and tourists stocked up on fuel and food.
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Hurricane Jimena's track, latest forecast (track map)

Hurricane Jimena, an extremely dangerous category 4 hurricane, is approaching with maximum sustained winds of 150 miles per hour to the southern portion of Mexico's Baja California Peninsula prompting a hurricane warning for the area, the U.S. National Hurricane Center reported Monday afternoon.
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Dangerous hurricane headed for Baja California

Hurricane Jimena, a dangerous Category 4 storm off Mexico's Pacific Coast, was on track to buffet resorts on the Baja California peninsula on Tuesday, the U.S. National Hurricane Center said.

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