Mexico increases minimum wage by 3.9% for 2013

Source: Marketwatch
© Scanpix/Reuters
Mexican minimum wage commission, including governors, business and labor unions representatives, agreed to raise a minimum wage by 3.9% in the beginning of 2013. However, this increase brings the wage just under $5.1 or 65 Pesos a day in the best paid areas, which includes major cities and the capital. The minimum wage was well below the market wage for years, together with a high inflation in recent years, reaching annual 4.2% in November, 2012.
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Wed, 19 Dec 2012 13:35:18 GMT

Australian equities increase to a 16-month high

S&P/ASX 200 Index increased by 0.46% to 4617.80 points in Sydney trading session on Wednesday. Today's positive performance extends the previous session's gains, what brings the index to a 16-month high or a level last time seen in July, 2011. The index set on a positive track, as seven days out of nine showed gains. All sectors were green, including

Wed, 19 Dec 2012 13:12:13 GMT

Hong Kong equities were higher following U.S. markets optimism

The Hang Seng Index was higher by 0.4% to 22,589.50 points and the Hang Seng China Enterprises Index increased by 0.6% to 11,371.02 points on Wednesday trading session in Hong Kong. Equities posted modest gains following a positive performance from the U.S. markets and optimism over the fiscal cliff talks. Most attention attracted HSBC Plc shares and Esprit Holdings Ltd,

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