Ortiz gets the nod for second term

Vicente Fox, Mexico's president, nominated Guillermo Ortiz for a second six-year term as governor of the central bank on Friday. Santiago Creel, the interior secretary, said at a news conference Friday that Ortiz's nomination had been formally submitted to the Senate.

Fox told the International Monetary Fund's managing director Horst Koehler in June that he planned keep Ortiz at the Banco de Mexico when his term end this month, according to a report by Newsday. The governor hinted in July