EFE - Mexican construction company ICA said it has signed a $80 to $100 million deal to acquire a 51 percent stake in Peru's San Martin Contratistas Generales, which provides construction services to the mining industry.
Reuters - Mexico's Finance Minister Jose Antonio Meade said he was not worried by recent volatility in the peso, which has fallen significantly against the dollar in recent weeks.
EFE - Mexico's Supreme Court plans to rule on whether the parading of suspects before the press violates the constitutional presumption of a person's innocence until convicted of a crime, the Federal District Human Rights Commission said.\
Associated Press - Drug traffickers took the unusual step of using an airplane to drop thousands of leaflets on the northern city of Culiacan accusing the governor of Sinaloa of taking orders from drug lord Joaquin “El Chapo’’ Guzman.
Finacial Times - The government of Mexico is set to raise unguaranteed funds from Japanese bond investors for the first time in 12 years, reinforcing Japan’s status as a refuge from turmoil.
Winnepeg Free Press - Mexico wants to increase its foreign workforce in Canada, despite the Conservative government's new employment insurance rules that aim to fill vacant jobs with unemployed Canadians instead.
Fox News Latino - Mexican Tourism Secretary Gloria Guevara Manzo in Thailand called for the creation of regional visas similar to those issued by the European Union to facilitate the movement of travelers and foster global tourism.
U-T San Diego - Mexico’s plans to complete its new El Chaparral port of entry south of the San Ysidro border crossing this year is creating a growing level of pressure for U.S. officials.
By Crayton Harrison
Mexico’s cable industry called for the creation of a third television network, a sign that the nation’s dominant broadcaster, Grupo Televisa, is growing more comfortable with the idea of new competition.
National Cable Telecommunications Chamber President Alejandro Puente, speaking at the industry’s annual gathering, called on Mexican President Felipe Calderon to auction airwaves to create a new broadcast network.
Mexico City-based Televisa is a member of the chamber and owns three of Mexico’s largest cable-TV carriers.
“We propose that President Calderon support the tender of a third national channel of broadcast television, which surely would provide fresh air for our public life and would allow the opening of greater means of freedom of expression for citizens,” Puente said Wednesday in Acapulco.
The chamber’s pronouncement follows an opinion column in March by Televisa Chairman Emilio Azcarraga, who said his company wouldn’t oppose the creation of multiple new TV networks. Televisa backs Puente’s comments, said a spokeswoman who asked not to be identified under company policy. Azcarraga attended yesterday’s speech.
By Nathaniel Parish Flannery / Forbes
Traveling from the blue agave lined hills of Jalisco, Mexico, all the way to the outer bank of midtown Manhattan, tequila is stepping into the “lime” light.
For instance, ZENGO, a chic restaurant in midtown Manhattan that serves sushi, sashimi, and a variety of Mexican dishes, has over 400 bottles of different kinds of tequila in the locked cabinets of its underground tequila “library.”
In restaurants such as ZENGO, tequila is being introduced to a new market of consumers in the U.S. “There are a lot of people… who have had bad experiences with tequila, doing shots in college” who are giving the beverage a second chance, said Courtenay Greenleaf, a tequila expert who refers to herself as a “librarian” rather than a sommelier.