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Articles in September, 2002 issue of Internet Securities
- Easier to change Afores as of Sept. 1.
- Income tax will reverse downward trend in July.
- Starbucks opens up shop in Mexico.
- IPAB to monitor financial situations of banks with new system.
- GAM demands compensation for five sugar plants.
- Pemex invests in equipment to recover 95% of natural gas.
- CFE launches bid to build hydroelectric power station.
- Treasury transforms spending budget.
- Slight drop in tourism revenues between Jan-August.
- SCT announces start of new financial scheme for highway concessions.
- Satmex reaches agreement with catholic channel ESNE.
- ISSSTE obtains additional income.
- Mexico looks to sell 600,000-ton sugar surplus to U.S.
- Electronics industry struggles to regain lost ground.
- Profeco: Consumers prefer Telmex, Panasonic and Sony telephones.
- Concamin: Private sector electricity generation is efficient.
- IPAB recovers 14% of cost of Bancomer rescue.
- Consar assigns almost 290,000 accounts to Afores during 3rd quarter.
- Recovery is sluggish in truck market.
- Wal-Mart de Mexico sales rise 15.2% y/y in August.
- Treasury: Trade deficit reached US$536 million in July.
- Banamex grants bonus to workers to acquire Avantel stock.
- Guatemala threatens to put foot down in shoe issue.
- Industrial activity may have dropped by 1.9-2.3% in July.
- SCT will not intervene in Televisa-MVS dispute.
- BBVA: Lack of competition in telecom sector.
- Integration between Telefonica Moviles Mexico and Pegaso concluded.
- If no pact is sealed with Treasury Banxico will take measures to ensure inflation goals.
- Citibank Leasing switches name.
- Concamin expects 1.8% growth in Mexican industrial sector this year.
- Bernal Maucuzet waiting to move into TV market.
- Arrigunaga named to Banamex legal department.
- Money transfers to increase between 10% and 20% this year.
- IMSA acquires Spanish firm Lightfield for US$10.6mn.
- Coffee exports fall.
- Country risk quietly rises to nearly 400 basis points.
- 40 foreign firms interested in CSMs.
- MVS Comunicaciones launches new Internet access system.
- Increase in wheat prices hits Mexican companies.
- Mexico-Panama free trade talks deadlocked.
- Cuts in electricity subsidies fail to produce expected revenues.
- Flour Chamber reveals 60% jump in product prices.
- Pemex generates more than US$8 billion in oil exports.
- Automobile parts exports are up 1.6%.
- British companies waiting for opening in electricity industry.
- Mexico's 70-year-old labor law could get facelift.
- Banxico tightens monetary policy.
- Dychter: Mexico is not negotiating open-skies agreement with U.S.
- Savings institutions call for two-year delay in Popular Savings Law.
- CMIC supports trilateral agreement in construction sector.
- Merrill Lynch reduces growth estimation for Mexico to 1.5%.
- Cetes reach year-ago levels.
- Domestic tourism industry needs new focus.
- Occidental Hotels & Resorts to invest US$10 million to US$13 million in Mexico.
- Treasury has already drained revenue from Brady buy-backs.
- Hurricane lashes insurance companies.
- Fox says Pemex pay rise is on its way.
- Bancomext increases financing to exporters by 64%.
- Vitro installs glass in New York atrium.
- Pemex strike called off after workers get 7.3% raise.
- Infonavit takes hard line against evaders.
- Carso goes for electricity and telecommunications sectors.
- Puebla auto industry has shed 5,000 jobs so far this year.
- Asian countries compete directly with Mexico.
- Mexico's recovery off to slow start.
- Treasury and Secodam modifying budget decree.
- Federal government to modify IPAB.
- Public deficit totals 26.5 billion pesos in July.
- Condusef: Mexican bank commissions growing ever larger.
- Iusacell faces uncertain future.
- Mexico may not reach 1.8% growth target for 2002, says Ortiz.
- 80% of companies founded by young people fail within 3 years.
- Cofetel will defend Mexico before WTO.
- Fitch gives Mexico two years to make reforms, before axing investment grade.
- Monex recovers to become profitable.
- Procter & Gamble inaugurates seventh industrial plant.
- August inflation rises to 5.29% y/y.
- Private sector wants petrochemical sector opened up for investment.
- Anafarmex presents new franchise model.
- Public prices push up inflation.
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