S&P: No upgrade until energy reform is final

Reuters - Ratings agency Standard & Poor's will not consider upgrading Mexico's sovereign rating until planned energy reforms pass the Congress, credit analyst Lisa Schineller said on Friday.

Inflation continues to decline, hits 3.47% annual rate

El Economista - During July the Consumer Price Index fell by 0.03 percent, bringing the annual rate to 3.47 percent, its lowest level since February. The decline is due to declines in the price of fruits and vegetables, agricultural products and livestock.

Walmex July same-store sales drop 3.1%

Reuters - Mexico's biggest retailer Wal-Mart de Mexico said Monday that sales at its Mexican stores open at least a year fell 3.1 pct in July compared to the same month last year.

Cemex plans to issue new secured shares

El Semanario - Cemex plans to issue new senior secured notes denominated in dollars. The cement company said it intends to use the net proceeds from the offering to acquire a portion of the senior secured notes with a coupon of 9.50 percent notes due in 2016.

Bolsa rises most in 20 months on energy reform

Bloomberg - Mexico’s benchmark stock index rose the most in 20 months on speculation that a proposal next week by the country’s ruling party will spur changes in the state-controlled energy industry and accelerate economic growth.

Anheuser-Busch InBev to list shares on Bolsa

Reuters - The world's largest beer maker Anheuser-Busch Inbev on Wednesday said it plans to list shares in Mexico in the coming months. The company completed its acquisition of Mexico's Grupo Modelo in June.

Yen bonds rally after Samurai debt sale

Bloomberg - Mexico’s yen bonds surged after the government sold debt in the Japanese currency for a second year in a row, tapping into demand for the Latin American country’s assets from investors in the world’s third-biggest economy.

ITG starts Posit Alert trading in Mexico

Bloomberg - Investment Technology Group Inc. (ITG) has expanded its platform to Mexico. ITG’s Posit Alert will provide fully electronic bulk trading in Mexico as the company expands the product into Latin America.

Peso falls to 2-week low, falling 0.5 percent

Reuters - Mexico's peso weakened 0.52 percent on Monday, trading at 12.7465 per dollar. The peso fell to its lowest level since July 15.

Reserves reach new record of $166.994 billion

Sentido Comun - Banco de Mexico said that the reserves last week reached a new record of $166,994 billion after a $243 million dollar increase over the previous week, partly due to dollar puchases by the federal government.

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