Reuters - With Mexico's presidential election less than three months away, the country's banking industry seems to be on solid footing, despite the volatility in international markets, said a Standard & Poor's Ratings Services article.
Financial Times - Over the past couple of decades, Mexico has not only fulfilled its promise as one of the world’s leading exporting nations, it has also diversified its range of products and export markets.
El Financiero - Mexico’s Finance Ministry forecast the economy will expand 3.8 percent in 2013 and crude oil will sell for an average $87.2 per barrel next year. The ministry estimates the peso will average 12.80 per dollar.
Reuters - Mexican consumer confidence unexpectedly weakened in March, dipping to its lowest since the end of last year. Adjusted for seasonal factors, the index fell to 93.8 from 93.9 in February, pushing it to the lowest since December.
International Monetary Fund - Mexico’s financial system proved resilient during the first wave of the global financial crisis, but authorities will need to remain vigilant given the risk of spillovers from global shocks, the IMF said in a new report.
Milenio - Mexico's financial institutions do not meet even half the credit needs of agriculture, although loans to the field are indispensable to the country's development. Banks cover only 40 percent of the credit requirements in the country.
Financial Times - Mexican top central banker Agustin Carstens said it was time the US and Europe embraced competition when it came to naming the heads of the principal international financial institutions, the World Bank and the IMF.
Dow Jones - Mexico's antitrust authority said it is working with large government entities to combat collusion among suppliers of goods and services. Collusion is estimated to cost the government 175 billion pesos ($13.83 billion) a year.
Dow Jones - Mexico's Public Credit Director Alejandro Diaz de Leon said Monday that his country merits a higher credit rating because it is better prepared than ever to face another international economic crisis.
Wall Street Journal - The Bank of Mexico on Friday offered a slightly brighter growth outlook for the country for the first time in 10 months, although it remained cautious over the incipient recovery in the United States.