• Most Popular
  • Most Shared

UPDATE 1-Mexico 1st-qtr foreign direct investment down 36 pct

Wed May 21, 2008 2:56pm EDT

(Recasts; adds details and background)

Bonds

MEXICO CITY, May 21 (Reuters) - Mexican foreign direct investment fell sharply during the first three months of 2008 and will end the year lower as the U.S. economy slows, the economy ministry said on Wednesday.

The government said foreign money invested in Mexican operations fell 36 percent during the first quarter to $4.195 billion.

The ministry said full-year foreign direct investment would drop to $20 billion, about 14 percent lower than the figure reported for 2007.

Mexico's economy is expected to slow this year on weaker demand from the United States, which many economists say is in a recession. (Reporting by Adriana Barrera, Editing by Chizu Nomiyama)

Bonds


More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review