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Articles in August, 2004 issue of Internet Securities

• HSBC Mexico profits surge 81.6%.
• 100% hotel occupation in Cancun.
• Deputies call on GAP to explain investment plans.
• Oil prices reach US$44 per barrel.
• Grupo Marti to invest 145mn pesos in expansion program.
• BVVA to penetrate housing construction sector.
• IMSS union presents new proposal.
• Latent danger of split in PRI, claims Hendricks.
• Nafin grants resources for Infonavit suppliers.
• Manufacturing production recovers strongly.
• Peugeot sales up 9.0% in July.
• Companies prevented from seeking legal protection against Income Tax Law.
• Fox to launch tourist program.
• Pemex lays off 2,775 employees in January-June.
• Bancomext grants financial support to 707 companies.
• Tourism revenues climb 14% in January-June.
• 27 Mexican firms to import US electricity.
• Judge rejects appeal against import duty on Chinese footwear.
• Govt. prepares reform for ISSSTE.
• Mexico to begin new tourism campaign in US.
• Lower cotton subsidies in US and EU to benefit Mexico.
• GM tops automobile sales in Mexico thanks to financing options.
• High oil prices mean lower competitivity, says Halkin.
• Mexico to encourage FTA negotiations with Panama.
• Wal-Mart and ANTAD to request elimination of compensatory quotas on China.
• Almost 5 million Mexicans benefit from Popular Insurance.
• Mexican breweries on war footing.
• Private sector calls for taxation of bank transactions.
• Mexico soaks up tourist investments.
• SNTSS set to march on Wednesday.
• Mexicans avoid keeping savings in banks.
• S&P: Ratings offers investment guarantees.
• Compranet to be relaunched due to system failures.
• VW workers reject salary increase and declare strike.
• New tax system for Pemex depends on approval of 4% IVA on food.
• IMF: Fox using oil earnings to compensate for tax drops.
• Japan and Mexico to sign free trade agreement Sep. 17.
• OECD: Lack of autonomy in Mexico limits states' tax collection.
• Commissions boost bank profits.
• Labor costs too high in Mexico.
• Monterrey airport to double cargo transport capacity.
• Competitivity in Mexico drops significantly in 10 years.
• Analysts expect hike in "corto" to control inflation.
• Turbosine prices clip airlines' wings.
• IDB grants US$800mn loan to Mexico.
• IPAB decides on legal offices to carry out bank audits.
• Aerocalifornia blames poor infrastructure of AICM for recent accident.
• "Individual pension systems almost too popular for their own good".
• SUTERM has to repay 1bn pesos to union members.
• Pemex Workers Union asks for salary increase payments.
• Africa poses risk to Latin American investments.
• Development banking sector is unviable without reform.
• SHCP and SCT go head to head over decision to shut down ports.
• Cruise Policy to generate US$46-66mn.
• Private sector rejects Nafin-Bancomext merger.
• Govt.'s stake in Satmex does not create additional stress, says Cerisola y Weber.
• Puebla airport to start flights to Spain and Germany in 2005.
• Televisa and TV Azteca earnings soar during Olympic Games.
• CNA urges avocado farmers to consolidate sales in Japanese market.
• China and Mexico improve bilateral relationship.
• Cancintra concerned about growing informal economy.
• Mexico lagging behind in biotechnology.
• Textile sector to ask Fox to reduce energy costs.
• Pemex facing US$649mn lawsuit.
• Demand for automobile accessories on the rise.
• Fox: Economic model will not be changed.
• Various firms interested in suburban train.
• Private sector also to blame for high cost of energy.
• Yucatan businessmen ask for revision of port concession process.
• UNT threatens to "cut switch" on Sep. 1 presidential report.
• Natura to try its hand in the Mexican market.
• AMHM: Mexico must attract more Chinese tourists.
• Rate of economic growth slows in May.
• Liquid steel production climbs 6.6% in H1.
• Cintra to be sold in 2005.
• Restaurant industry seeking Asian investments.
• Estafeta to invest US$20mn in 2004.
• 60% of Mexican lamb and mutton consumption is imported.
• Tax exemptions must be eliminated before applying duty on gasoline.
• Mexico City airport moves more than 2mn passengers in July.

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