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Aug. 6 (Bloomberg) -- Mexico's peso bonds fell, driving yields on benchmark 20-year securities to a three-month high, as U.S. subprime mortgage losses sapped investor appetite for risky assets such as emerging-market securities. Former Mexican President Vicente Fox and RAND Corporation Executive Vice President Michael Rich have signed a memorandum of understanding to establish a joint research program that will study ways to fight poverty and aid vulnerable groups in Mexico and Latin America. [click link for full article] A Santa Fe-based foundation is contributing $1 million to help pay for exhibits at the New Mexico History Museum being built in Santa Fe. McMoRan ( Nachrichten ) Exploration Co. (NYSE: MMR) announced today that it has completed its acquisition of the Gulf of Mexico Shelf oil and gas properties of Newfield Exploration Company ( Nachrichten ) (NYSE: NFX) and certain exploration rights for approximately $1.08 billion in cash. For Mexican soccer fans in the United States, dealing with the frustration of Mexico's national team's recent domination at the hands of the U.S. national team has been soothed by the belief that Mexico's club soccer was still vastly superior to Major League Soccer.
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