Up: One Mexican business not suffering too greatly in the recession is Wal-Mart; profits for Mexico's largest retailer in the second quarter jumped by 16 percent from last year, helped in part by Semana Santa falling later this year. (H/T Mexico Institute)
Down: Only four Mexican businesses appear in the 500 largest in the world, according to Fortune. Last year, the figure was five. This year's entrants are Pemex, CFE, América Movil, and Cemex.
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