Mexico peso soars as investors eye Fed; stocks fall

MEXICO CITY, Feb 28 (Reuters) - Mexico's peso surged to a 23-month high on Thursday and bonds jumped as signs the U.S. economy may be slipping into a recession led investors to bet the Federal Reserve would cut interest rates.

The peso MEX01 gained 0.67 percent to 10.668 per dollar at the official central bank close.

In equities trading, weak U.S. data helped push the benchmark stock IPC stock index .MXX down 0.97 percent to 30,130.47 points, snapping a six-session rally.

"It's all about expectations of a rate cut," said Vicente Gonzalez, who heads currency trading at ABN AMRO in Mexico City.

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Mexico's peso reached its highest value in 23 months while the U.S. economy is in a decline. The peso went up 0.67 percent to 10.668 per dollar.

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Two laws target smokers in Mexico City

MEXICO CITY -- The news for smokers was bad. The question was how bad.

Smokers and restaurateurs and other business owners in Mexico City on Wednesday were debating the ramifications of not one but two groundbreaking laws seeking to curb smoking. Some were scratching their heads over which they would have to obey, and many others expressed skepticism that either would be effectively enforced.

"I'm sure that neither . . . is going to succeed," said Andres Romero Olivares, a 47-year-old accountant, who saw the restrictions as the wrong solution to the nation's health woes.

On Tuesday, the Mexican Senate passed nationwide restrictions on smoking in workplaces, restaurants, bars and other public enclosures, requiring stiff fines for violations and possible 36-hour jail stints for smokers who refuse to comply. That measure, already passed by Congress' lower house, is expected to be signed into law by President Felipe Calderon.

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Two new laws were passed in Mexico nation-wide banning smoking in public enclosures. Violations of this law coould require large fines or possible jail time and many citizens don't agree with it.

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Two laws target smokers in Mexico City

MEXICO CITY -- The news for smokers was bad.

The question was how bad.Smokers and restaurateurs and other business owners in Mexico City on Wednesday were debating the ramifications of not one but two groundbreaking laws seeking to curb smoking. Some were scratching their heads over which they would have to obey, and many others expressed skepticism that either would be effectively enforced.

"I'm sure that neither . . . is going to succeed," said Andres Romero Olivares, a 47-year-old accountant, who saw the restrictions as the wrong solution to the nation's health woes.

On Tuesday, the Mexican Senate passed nationwide restrictions on smoking in workplaces, restaurants, bars and other public enclosures, requiring stiff fines for violations and possible 36-hour jail stints for smokers who refuse to comply. That measure, already passed by Congress' lower house, is expected to be signed into law by President Felipe Calderon.

Náhuatl revival sought

Mexico City Mayor Marcelo Ebrard wants all city staff members, from hospital workers to bus drivers, to learn the Aztec language Náhuatl in an effort to revive the ancient tongue, the city government said yesterday. Ebrard, seen as a possible presidential candidate for the leftist Democratic Revolution Party in 2012, presented his government's development plan last week translated for the first time into Náhuatl.

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This story is very interesting because quite frankly, its somewhat stupid. Maybe I just didnt see the importance of knowing this language but it sure seems pointless.

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NCR inks deal for kiosks in Mexico International Airport

NCR Corp. is expanding its presence at Mexico International Airport, the company announced Tuesday.

AeroMexico purchased 32 self-check-in kiosks in its new terminal at Benito Juarez International Airport in Mexico City. The Mexican airline currently uses NCR self-check kiosks at seven additional locations throughout Mexico which include Guadalajara, Monterrey and Tijuana.
Terms of the deal were not disclosed.

"As Mexico continues to grow into one of the world's top destinations for travel and tourism, airlines in the region must increasingly differentiate themselves by offering time savings and convenience to their customers," said Michael O'Laughlin, vice president for the Caribbean and Latin America for NCR.

The kiosks feature an integrated bar code imager to help enable easy customer identification as well as an integrated passport reader to cater to international travelers.

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Mexico is growing as one of the most popular destinations in the world, so they have decided to make it easier for their customers in some of their most popular airports.

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Mexico sets 25 percent renewable goal

MEXICO CITY, Feb. 25 (UPI) -- Within four years, Mexico wants to produce 25 percent of its electricity from renewable sources, the country's energy secretary said.

"The goal is that in 2012 renewable energy sources will account for more than a quarter of total capacity," said Georgina Kessel.

One of the Mexican government's priorities is to promote renewable energy as a means of ensuring the country's energy security, Spanish news agency EFE reported.

An important part of that strategy will be the construction of wind farms in the Isthmus of Tehuantepec where installed capacity is expected to exceed 2,500 megawatts in 2012, Kessel said.

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This story is significant because the issue dealing with energy and energy sources is a very important one. With natural resources running out an alternative source of energy is very badly needed.

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