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BUSINESS
July 12, 1997 | MARY BETH SHERIDAN, TIMES STAFF WRITER
Porfirio Munoz Ledo could scarcely contain his joy. The leftist leader's party had just made historic gains in Mexican elections. The big loser was the ruling PRI, which has championed NAFTA and free markets. "This is the new Mexican revolution!" exclaimed the plump politician, flinging open his arms as he spotted a reporter. "The PRI goes down, and the peso goes up!"
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BUSINESS
July 12, 1997 | MARY BETH SHERIDAN, TIMES STAFF WRITER
Porfirio Munoz Ledo could scarcely contain his joy. The leftist leader's party had just made historic gains in Mexican elections. The big loser was the ruling PRI, which has championed NAFTA and free markets. "This is the new Mexican revolution!" exclaimed the plump politician, flinging open his arms as he spotted a reporter. "The PRI goes down, and the peso goes up!"
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BUSINESS
July 8, 1997 | From Reuters
The Mexican stock exchange soared to its fifth record close in a row Monday following Sunday's midterm elections, which were relatively free of the fraud allegations that marred past elections. Despite major victories for opposition parties, investors saw the election as a positive for the market in that it moves Mexico further along toward being a true democracy.
BUSINESS
July 8, 1997 | From Reuters
The Mexican stock exchange soared to its fifth record close in a row Monday following Sunday's midterm elections, which were relatively free of the fraud allegations that marred past elections. Despite major victories for opposition parties, investors saw the election as a positive for the market in that it moves Mexico further along toward being a true democracy.
BUSINESS
September 3, 1991 | JUANITA DARLING, TIMES STAFF WRITER
The new man in charge at Mexico's largest bank made his money by following the oldest maxim of stock market trading: Buy low, sell high. Over the past 20 years, Roberto Hernandez has anticipated the roller coaster rises and plunges of Mexico's fledgling stock market. In the process, he has built the fortune--and reputation--that allowed him to put together the $3.
BUSINESS
August 17, 1995 | JUANITA DARLING, TIMES STAFF WRITER
Mexico's economy officially plunged into recession in the second quarter, with a downturn far deeper than the government had previously predicted, according to government reports. A startling report issued late Tuesday by the Finance Ministry showed that the second-quarter gross domestic product shrank 10.5%, considerably more than the 6% that Finance Minister Guillermo Ortiz had predicted two weeks ago. That drop, combined with a 0.
BUSINESS
May 14, 2006 | Marla Dickerson, Times Staff Writer
Presidential elections have a way of putting investors in Mexico on edge, thanks to financial collapses that have marked past hand-overs of power. But you wouldn't guess that a political nail-biter was shaping up south of the border judging by the confident performance of the stock market. Mexico's IPC index, known as the Bolsa, is up almost 19% in 2006, closing at record highs 22 times since the first of the year. In contrast, the U.S.
BUSINESS
August 27, 1992 | Highlights of Wednesday's market activity, compiled from Times staff and wire reports: and
* Stocks picked up steam as the dollar and bond markets provided a solid underpinning. The Dow Jones industrials rose 14.59 points to 3,246.81. Still, coming on top of a slim gain Tuesday, the Dow has regained less than a fifth of the 100 points it has lost in the last week. * The dollar ended its sharp decline against the German mark, if temporarily. The dollar closed at 1.4065 marks in New York, up from Tuesday's record low of 1.4015.
BUSINESS
April 24, 2012 | By Stuart Pfeifer, Los Angeles Times
Wal-Mart Stores Inc. could end up paying hundreds of millions of dollars in legal expenses and penalties to resolve allegations of widespread bribery by officials with its Mexican subsidiary, experts in foreign corruption law said. The world's largest retailer said it was in the midst of a "worldwide review of our anti-corruption program" and had increased efforts to prevent corruption in Mexico. The Bentonville, Ark., company is looking into allegations that it engaged in a multiyear bribery campaign to build its business.
BUSINESS
March 16, 1997 | JAMES FLANIGAN
If countries were common stocks, Mexico would be a possible bargain issue on Nasdaq, possessing enormous promise and significant risk. In the long term, Mexico could yield a great return on today's investment, of business capital or even of faith in a neighbor. But it could also go into economic collapse as it has before, extending its decades of poverty and underdevelopment. Mexico is at a critical point. A majority of the U.S.
BUSINESS
September 3, 1991 | JUANITA DARLING, TIMES STAFF WRITER
The new man in charge at Mexico's largest bank made his money by following the oldest maxim of stock market trading: Buy low, sell high. Over the past 20 years, Roberto Hernandez has anticipated the roller coaster rises and plunges of Mexico's fledgling stock market. In the process, he has built the fortune--and reputation--that allowed him to put together the $3.
BUSINESS
March 25, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Stocks scored widespread gains and bond yields fell sharply Friday amid a fresh report of moderating economic growth, with the widely followed Standard & Poor's 500 index surpassing 500 for the first time and several other market averages reaching record highs for the third time this week. The Dow Jones average of 30 industrial stocks was among the record setters, gaining 50.84 points to 4,138.67. It was the blue-chip gauge's biggest daily advance since March 10, when it rose 52.22 points.
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