MEXICO - Initial indications are showing that the global trend of a downturn in Christmas consumer expenditure was replicated in Mexico.

MEXICO - Banking sector woes won’t stop HSBC from opening 120 new branches across the country in 2009, says Luis Peña Kegal, the British-based bank’s general director in Mexico. 

MEXICO - The Clariond family is among a list of the who’s who of Monterrey, Nuevo Leon that suffered multi-million dollar losses at the hands of Bernard Madoff, according to the Wall Street Journal Monday.

GUADALAJARA - The new president of the American Chamber of Commerce in Guadalajara has warned that exports from Mexico may drop by five percent in 2009.

MEXICO - As of January 2, banks will no longer be able to cash checks made out to portador (bearer) for 20,000 pesos or more.