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Entitlement Nation: Makers vs. Takers

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  1. Social Security
  2. Health Insurance
  3. Banco Bilbao Vizcaya Argentaria
  4. Medicare Advantage
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  6. Health Care Costs
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Mexico Records $4.99 Billion in First-Quarter Foreign Direct Investment

Foreign direct investment into Mexico rose in the first quarter of the year to $4.99 billion, largely as a result of reinvested profits by foreign companies in the country, the Economy Ministry said Wednesday.The Economy Ministry said the amount was up 14% from the preliminary figures reported in the year-earlier quarter, and was the highest for a first quarter since 2007. Foreign direct investment numbers are usually revised higher as more investments are registered with the government.The first-quarter investment numbers were mostly reinvested profits, which accounted for $3.07 billion, and intercompany accounts, while new investment was a negative $280 million, the ministry said.The $280 million outflow was related to the purchase of a pension fund from Spain's Banco Bilbao Vizcaya Argentaria (BBVA) by Grupo Financiero Banorte (GFNORTE.MX, GBOOY) and the Mexican Social Security Institute, which involved Mexican investors acquiring foreign-held shares, the ministry said.Foreign direc...

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