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Articles in July, 2003 issue of Internet Securities

• WEF: Quality of organizations has improved in Mexico.
• Metal mining production rises 7.3% in April.
• Specialists predict that economy will improve after elections.
• U.S. companies interested in Mexican fruit and vegetables.
• US$15mn of business expected at Expo Restaurantes 2003.
• VW union carries out meeting to define its position before mass dismissals.
• New Canacar head calls for resolution of transport problems with U.S.
• Conago rejects audits.
• CAIT proposes to create productive chain to reactivate rural sector.
• Congress has chance to define future of Fobaproa bank audits.
• Agricultural exports increase 22.7% due to FTA.
• Pemex to make natural gas contracts more flexible.
• Iusacell debt payment still pending.
• Hotel sector beginning to recover.
• Mexicana forms alliance with COPA.
• Dresdner Bank: Mexican economy to grow 1.5%.
• Unemployment rings alarm bells in Mexico.
• Aeromexico to reduce financial costs.
• New Congress must pass reforms or growth will shrink, analysts say.
• Fox denies election results are rebuke for government.
• Mexico one of 10 most attractive nations for investment.
• Mexican companies nearly half of region's top-500.
• No jobs created in industry under Fox government says Concamin.
• Cemex begins strategy to reduce costs by US$71 million.
• Inflation reaches 0.08% in June; 1.24% for first half of 2003.
• WalMart sales climb 9.9% in first half of 2003.
• Canales Clariond begins visit to Japan.
• State debt increases through March 2003.
• Motor Coach Industries finally hammers out agreement with redundant workers.
• Reforms to ISSSTE to be carried out in 2004.
• Weekly BMV performance places it 33rd among world exchanges.
• Quarterly financial reports will define trend in stock exchanges.
• Chinese competition not bad news for all Mexican producers.
• Cancun registers low time-share sales.
• WalMart sales climb 10% in first half of 2003.
• Banamex represents 8.5% of Citigroup profits.
• Cancun registers low time-share sales.
• WalMart sales climb 10% in first half of 2003.
• Banamex represents 8.5% of Citigroup profits.
• Mexico increases imports of Chilean wines.
• Pemex surpasses oil export goal for 2006.
• Nuevo Leon businesses ask for 10% IVA cut.
• Treasury says taxes on vehicles will not be eliminated.
• Loral Space problems not a threat to Satmex.
• Bankers reevaluate the importance of customer relations.
• Banxico to cut daily dollar sales to US$17mn.
• PAN willing to seek agreements with PRD and PRI.
• Telefonica Moviles extends GSM network.
• Pemex production of refined oil products rises 3.8% in Jan-June.
• Autoparts firms in Tlaxcala to lay off 300 workers due to VW problems.
• Mexicana and ASSA reduce labor costs by 30mn pesos.
• Gil Diaz predicts Mexican oil at US$17.50 in 2004.
• Banamex:Most jobs lost in lowest social strata.
• Lafarge cement company invests US$120mn in Hidalgo plant.
• Natural gas supplies guaranteed for electricity industry.
• America West expects to fly 700,000 people between Mexico and U.S. this year.
• CI predicts recovery in 2004 without reforms.
• Gas Natural Mexico to increase investments in country.
• Spanish firm Abener Energia wins US$77mn contract in Mexico.
• SAT studies plan to make tax collection more efficient.
• Condusef restructuring to become more effective.
• Tourism threatened by lack of resources.
• Romero Hicks:Still no project to merge Nafin and Bancomext.
• Manufacturing employment drops 3.3%.
• Department store sales rise 8.7% in June.
• TV Azteca sees net sales fall 4.0% in second quarter.
• Mexico and Panama determined to reach FTA.
• Tourism to be real lever for development says new secretary Elizondo.
• Canirac and CNET support selection for new tourism secretary.
• Bank of Mexico more pessimistic about economy.
• Peruvian firm launches new soft drink in Mexico.
• Energy analyst says Pemex needs to be stronger, more autonomous.
• Indetec looks to rid public finance departments of patronage jobs.
• Comercial Mexicana sales expected to grow.
• Abascal admits that globalization has not reduced inequality.
• Food and Agriculture trade balance with US is favorable in Q1.
• ING wins US$70mn insurance contract with Pemex.
• CNBV: Commercial banks concentrate 80% of portfolios on large companies.
• Coparmex: Most deputy candidates support structural reforms.
• Derbez: "Vicente Fox's foreign policy is not for auction".

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