Top Stories for November 27, 2014

Pena Nieto vows police reform in bid to quell anger over student massacre

By Dave Graham


Embattled President Enrique Pena Nieto on Thursday vowed to simplify Mexico's chaotic police structure and stop collusion between officials and drug gangs as he tried to defuse anger over the apparent massacre of 43 students in September.

Pena Nieto is under growing pressure from protesters to end impunity and brutality by security forces since the trainee teachers were abducted by corrupt police and handed over to a local drug gang in the southwestern city of Iguala on Sept. 26.

The government says the students were almost certainly murdered and their bodies incinerated, but it is still investigating the case that has sparked the biggest crisis of Pena Nieto's two-year rule.

"Mexico cannot continue like this," Pena Nieto said in a speech to an assembly of Mexico's political leaders.

It was his...


If you do not talk about the truth, perhaps it will go away. For the past two years, that attitude broadly summed up President Enrique Peña Nieto’s approach to Mexico’s security problems. Since becoming president, he de-emphasised his predecessor’...
From Forbes Many longtime observers of the Mexican economy and a growing cadre of enthusiastic global investors had expected that by now Mexico would be on its way back to rapid growth. Unfortunately, this is a script that Mexico has seen...

WSJ - The International Monetary Fund said Wednesday it has agreed to renew Mexico’s protective $70 billion flexible credit line for another two years.

AP - Mexico’s left faces problems after the resignation of ex-presidential candidate Cuauhtemoc Cardenas, a pillar of progressive politics and son of the president who nationalized oil.

Reuters - Oil producers Mexico, Venezuela, Russia and Saudi Arabia have agreed to constantly monitor international markets and meet again in February.

Goal - Miguel Herrera's men have been handed a decent draw. Mexico will face Chile, Ecuador and Bolivia in Group A of next summer’s Copa America in Chile.

The Guardian - Uruguay’s president José Mujica has been forced to backtrack from describing Mexico as a “failed state”, after the Mexican government demanded an explanation.

Reuters - Mexico's current account deficit reached $2.702 billion in the third quarter, the central bank said on Tuesday, narrowing from the prior three month period.

Bloomberg - Wal-Mart de Mexico is slumping as shoppers stay home to avoid growing protests over security concerns. Earlier this month, Walmex shuttered 16 stores in western Mexico.

Reuters - A unit of IEnova, a Sempra Energy subsidiary, said the CFE has awarded it a 25-year contract to build and operate a natural gas pipeline in north of the country.

WSJ - The U.S. and Mexico have reached an aviation agreement that will expand access for passenger and cargo airlines flying between the two countries.

Reuters - Venezuela will meet with OPEC heavyweight Saudi Arabia and major non-OPEC oil producers Russia and Mexico to discuss "coordination" in the oil market.

EFE - Two severed human heads were found Monday on the edge of a village in the western Mexican state of Michoacan. The heads belonged to two unidentified males.

Bloomberg - Mexico’s German auto history began with small, cheap cars. Now it’s becoming a place where top-of-the-line German brands roll out of billion-dollar factories.

AP - A U.S. judge sentenced a reputed lieutenant of captured Mexican drug lord Joaquin 'El Chapo' Guzman to 22 years in prison Monday for his role in a $1 billion trafficking conspiracy.

Business Insider - Facing conflict of interest accusations, President Enrique Pena Nieto disclosed ownership of nine properties among assets worth at least 45.2 million pesos ($3.3 million).

HospitalityNet - FibraHotel and Starwood Hotels & Resorts have acquired WelcomHotels Sheraton Ambassador Monterrey hotel, adding 229 rooms to FibraHotel's portfolio.

Reuters - The elder statesman of Mexico's main leftist party said the group was on the verge of falling apart after mistakes and the disappearance of 43 students in Guerrero.

AFP - Ugandan priest John Ssenyondo loved his adopted country of Mexico and preached against violence until his body was found in a mass grave between fields of corn and beans.

Flavorwire - The situation in Mexico is complex. But there are authors who have braved the situation to write invaluable books that may help us to gain a better understanding.

Fox Sports - Poor defending from Mexico allowed Belarus to cancel Atletico Madrid forward Raul Jimenez's double and find a winner as El Tri fell to a 3-2 loss in their final 2014 match.

CNN - Prosecutors in the Mexican state of Guerrero said Friday they have formally charged former Iguala Mayor Jose Luis Abarca in the disappearance of 43 students.

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