Monthly Archives: March 2012

2011’s Highest Paid Fund Managers

The income of the highest paid fund managers of 2011 is equivalent to seven times the Mega Millions lottery jackpot of $540 million. According to the AR list of highest paid HedgeFund managers, the reward that Ray Dalio of Bridgewater Associates received for their bets on the market amounted to Read On..

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Discrimination Limits Growth Potential for the Gay Market

Mexico City – “The main problem facing the gay and lesbian market, also known as pink, is discrimination, so additional education is needed in this area,” said the businessman Fernando Carbajal. At the Gay Market: A New Corporate Vision seminar given at the Autonomous Technological Institute of Mexico, it was Read On..

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New Honda Plant in Mexico Breaks Ground

On Wednesday, President Felipe Calderon Hinojosa laid the foundation stone of the new Honda plant that is going to be built in Celaya, Guanajuato. The event was headed by the president and Takanobu Ito, CEO of Honda Motors. The president said that in recent years, the country has received 120 Read On..

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Mexico and Brazil Hold Off on ACE 55

”Exports from Nissan’s Mexico plant Nissan to Brazil would be reduced significantly after the countries agreed to limit their bilateral trade of light vehicles over a period of three years,” said Nissan Mexico’s CEO, José Muñoz. The manager warned that because of these changes, Global Nissan decided to accelerate the Read On..

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Top of Bonds Does Not Affect Morgan Stanley

Apparently, receiving a check for a $125,000 bonus is not as daunting as it might seem to some on Wall Street. James Gorman, the CEO of Morgan Stanley, said that his company has only lost two senior employees that established the $25,000 cap for the year-end bonuses in cash from 2011. Read On..

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Spain Prepares for General Strike

MADRID, Spain – Air, rail, and bus transportation will be severely restricted in Spain due to a general strike that is set to happen next week. The strike will be held by the main unions in the country to protest high unemployment and changes to labor laws that lower the Read On..

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Tax Cap Slows Pemex Revenues

MEXICO CITY – Petroleos Mexicanos (Pemex) reported a loss of 88.400 billion pesos for the cap imposed by the Ministry of Finance for minimizing production, labor, and raw material costs. This impact is greater than that of labor liabilities or LP gas subsidy for 2011. “If it costs $20 for Read On..

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Su Casita Mortgages

MEXICO CITY –  Su Casita Mortgage seeks to build a new business plan to gain access to credit lines of the Federal Mortgage Society (SHF) and resume operations with this funding and remain a going, said sources of the company. “There is an analysis of alternatives that could enable Su Casita Read On..

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Tips for Financing Your Graduate School

Studying a master’s degree is not an impossible task but it is an arduous undertaking for many Mexicans. According to the latest figures from the Ministry of Public Education in Mexico only seven of out of 100 college students proceed to taking up a masters or doctorate degree. There are Read On..

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Breaking Russian Trade Barriers

Last week in Congress, senators debated the merits of lifting the trade sanctions imposed against the Cold War in Russia. Many U.S. companies were eager to see this happen. It is widely expected for trade barriers fall this year and when they do, it will be something clearly positive for Read On..

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Latin America Growth Depends on Europe & China

”Latin America would grow by 3.6% in 2012 if Europe avoids a crisis and China slows down on the export of raw materials,” said the Inter-American Development Bank (IDB) on Sunday. “The main Latin American economies Brazil and Mexico, grew close to the estimated average but below the expected 5.4% Read On..

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A Clash of Cultures at Goldman Sachs

Long before Goldman received the nickname “vampire squid”, it was assumed that he could “take your eyes” to their customers in order to make money. And if there was any doubt, almost two years, the case of Abacus Securities and Exchange Commission against Goldman made it clear that the company Read On..

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