Led by shares of Wal-Mart de Mexico SA, Mexico's benchmark stock index rose to an all-time high yesterday on expectations that skyrocketing oil prices will provide an inflow of cash into the Mexican economy. Wal-Mart's shares in its Mexico operation rose as the Chief Executive elaborated on its expansion in the country, bolstered by one analyst's claim that the company has identified 371 Mexican cities that could sustain Wal-Mart stores. (Bloomberg)
Thursday, September 8, 2005
Mexico's Bolsa reaches all-time high
Led by shares of Wal-Mart de Mexico SA, Mexico's benchmark stock index rose to an all-time high yesterday on expectations that skyrocketing oil prices will provide an inflow of cash into the Mexican economy. Wal-Mart's shares in its Mexico operation rose as the Chief Executive elaborated on its expansion in the country, bolstered by one analyst's claim that the company has identified 371 Mexican cities that could sustain Wal-Mart stores. (Bloomberg)
Wal-Mart in 371 more Mexican cities? A bit disconcerting...
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