According to a top industry executive, Mexican private sector lenders could make at least 180,600 home loans for 93.2 billion pesos in 2010 due to the improvement in the mortgage industry after a sharp fall in 2009.

While addressing a press conference, president of the Association of Mexican Bank, Ignacio Deschamps said, "In 2010, of the 840,000 mortgages that will be made, we estimate that banks and home finance companies will account for 23% of loans and 42% of [loan] amounts."

Mexico lost to Brazil by 3-2 in the four-nation women’s soccer tournament in Sao Paulo to lead the positions on 6 points.

In another match, China lost to Chile 1-0 but still managed to share the second place with Chile on 3 points while Mexico remained at the bottom after facing two successive defeats.

In the match played between China and Chile, the only goal was hit by Chile striker Daniela Mancilla. Now, Chile will face Mexico in the third and last group match on December 16.

Mexican President Felipe Calderon has announced to unveil a plan to introduce energy-saving light bulbs all over the nation as a part of an extended campaign against climate change.

While talking to reporters, the President said, “The goal is to create a great movement calling on all Mexican families to use energy-saving bulbs to replace ordinary lights.”

Further, the president also told media that this will help the families save money, lessen administration subsidies to electricity companies, and will also reduce greenhouse gas emissions.

There is tough competition between Miss Puerto Rico and Miss Mexico in Miss World 2009 contest.

But according to the Manila Bulletin, observers stated that both the candidates continue to switch ranks either No. 1 or No. 2 on a daily basic based on bettors’ lists.

Meanwhile, reports said that Miss Puerto Rico appears to be the most favored with even odds at most online betting set-ups, including BetUS. com, which ranked Miss Puerto Rico, Jennifer Colon, as a near even odds favorite (paying around US$11.50 for every US$10.00 bet).

According to the supervisor of Mexican telecom, Cofetel, Mexico has decided to run two set of spectrum sales in the first half of 2010.

Moreover, Mexican telecoms watchdog, Cofetel, is planning to achieve the two spectrums during the first half of 2010. The sale of the spectrum blocks for wireless broadband and phone services will be integrated to be allotted to the companies making the peak offers.

Moreover, the supervisor said that it is aiming to auction nine blocks in the 1,850-1,990 megahertz band in eight of the nation’s nine mobile telephone operations areas.

Infonavit, Mexico’s lending mortgage lender, has decided to distribute between 475,000 to 525,000 credits in 2010, as the country recovers from a deep recession period.

Infonavit is a government-backed institution and it saves and lends money on behalf of Mexican workers.

While talking to reporters, chief executive of the company, Victor Borras said, “Company expects to lend a total of 145 billion pesos in 2010.”

In 2009, the company had already handed out around 450,000 mortgages as the monetary slump and rising unemployment led fewer Mexicans to buy homes.

Oil and gas company Anadarko Petroleum Corp. has announced that it has discovered oil and natural gas at the Lucius exploration well in Keathley Canyon block 875.

Further, the company has also disclosed in a statement that it was its fifth deepwater discovery in the Gulf of Mexico in 2009.

According to the statement issued by the company, “The Lucius well was drilled to a total depth of about 20,000 feet and encountered more than 200 feet of net pay, or rock that can deliver oil and gas to the well.”

The company operates the well and owns around 50% interest in it.

Mexico’s 12-month long inflation slumped in the month of November to its lowest in nearly 2-years due to the lower food costs; however increase in tax for 2010 threatened to cause a spike in inflationary figures.

Moreover, the consumer prices in November zoomed 0.52%, tearing down the annual rate to 3.86% from 4.50% in October.

The average anticipation in a Reuters poll was for a increase of 0.57 percent in the month.

In October 2009, leading consumer prices were increased by 0.30% and core price rose 0.29%.

The production of Mexican auto increased in the month of November as compared to a year ago in the same period. Registering its first growth period in over a year as exports to the United Sates increased in the early stages of an economic recovery.

While talking to reporters, the company said that the production surged 2.9 percent from November 2008 at 176,655 units.

In a declaration, the company said, “Exports in November slipped 2.6% from the year-ago month to 134,873 units, while domestic new car sales continued to lag, falling 17% from the year-ago month to 64,913 units.”

Marriott International has recently announced that it has inked a new agreement with Pulso Hotelero of Mexico for 36 new Fairfield Inns to triple the number of properties in Marriott’s Mexican portfolio.

The company, which has its head quarter in Bethesda, said that the deal is part of a wider expansion outside the United States. The company also stated that the third of its hotels under development are outside the United States.