Wal-Mart Stores Inc. has selected Eduardo Solorzano as the head of its Mexican operations to keep an eye over all the retail giant’s Latin American business, just seven months after the company’s former Asian chief was given the job.

According to the statement issued by the Wal-Mart, “Latin America chief Vicente Trius would be leaving, though a reason for his departure wasn't given. It was announced in late May that he would lead the Latin America operations starting July 6.”

According to the median estimate in a poll, Mexican consumer prices likely increased by 0.40% during the first half of December, which would mean the annual inflationary rate probably slowed.

The poll, which was conducted by 15 analysts, said that core consumer prices, excluding food and energy costs, increased by 0.29 percent in the first 15 days of this month (Dec).

Meanwhile, Mexico's headline inflation rate MXCPIF=ECI came up by 0.45 percent in the first half of December 2008.

According to the recent reports, New Zealand will face Mexico in March as part of the warm-up match to their first World Cup finals appearance since 1982.

The New Zealand team will face the world’s 17th ranked team in Los Angeles on March 3, in the first of up to six warm-up matches for the finals in South Africa.

Further, New Zealand will play against world champions Italy, Slovakia and Paraguay in Group F at the World Cup and national coach Ricki Herbert told reporters that the Kiwis had been eager to play against the Latin American team in the build-up.

After three editions of the U-13 football championship organized by the Nigeria Football Federation (NFF), around 75 players have been chosen for the U-17 that would represent the country in the FIFA cadet World Cup in Mexico in 2011.

Presently, all the selected players are presently enjoying the Glass House’s scholarship in different schools all over the nation.

All of them will take part in the African U-17 qualifiers and the World Cup in Mexico.

The quiet and sleepy seaside town of Nairn has been named as the second-most favored Global destination for 2010.

The study was conducted by website TripAdvisor and it quizzed around 3,000 users on next year’s holiday hot-spots, and amazingly Nairn, Inverness-shire, was only piped by Troncones, Mexico.

In the Top Five World Destinations for 2010 rankings, Nairn beat Unesco world heritage site of El Chalten, Patagonia, Patara in Turkey and Rothenburg ob der Tauber in Germany.

According to the study conducted by a central bank, private forecasts for Mexican 2010 inflation surged in the month of December because of the impact of higher consumption taxes.

As per the study, economists and analysts said in early December that they anticipate inflation will go up to 5.04% in 2010 as compared with a prediction of 4.86% in the previous month’s poll.

From the starting of next year, Mexican consumers will have to pay more consumption taxes under a revenues package sanctioned by lawmakers in the month of October.

According to the news published on behalf of the Mexican President, it is looking forward to set-up a small airport in the western city of Tepic which should be capable of connecting to international destinations.

The Mexican administration has decided to set up a small airport in the western city of Tepic capable of linking to international destinations, according to a presidential decree published during the week.

Homex, Mexico’s leading homebuilder has recently announced that it is looking forward to increase its revenue growth in the range of 12-14% in 2010 as the economy recovers from a deep recession period.

After the decline in 2009 that spoiled the growth of Mexico’s housing business, the financial system is seen developing around 3% in the next year and mortgage lending will also taste some hike.

According to the statement issued by the Homex, “Mortgage lending dynamics in Mexico remain favorable, particularly in the entry-level segment.”

The Mexican Retail Association Antad announced that the Same-Store sales at its member establishments declined 2.2% during the last month from the year-ago month, hurt by a pessimistic calendar effect.

Further, Antad added that the total sales at the stores surged 3.8 percent in the month of November last year to 71.9 billion pesos.

However, Same-Store grocery sales declined by 1 percent, whereas clothing sales fell 4.7 percent in the first 11 months of this year.

The fall in the same-store in the month of November contrasted with a 0.1% surge in the first eleven months of 2009.

Mexico’s Finance Minister Ernesto Cordero has requested the nation’s banks to come forward to help Mexico’s economy recovery by increasing lending.

While talking to media, the minister said, “The banking system is well capitalized, has no systemic risks and has the ability to boost lending.”

Cordero accepted his new role on Wednesday when Mexican President Felipe Calderon rearranged the cabinet.

In the meantime, Agustin Carstens was most likely to become the governor of the Mexican Bank soon after being sanctioned by the nation’s upper legislative house.