Bloomberg - Mexico’s highest-rated junk bonds are saddling investors with the biggest losses in emerging markets as the nation’s homebuilders collapse. Dollar-denominated notes sold by Mexican companies in the BB category have lost 10.5 percent this month.
Reuters - Mexican finance minister Luis Videgaray on Thursday said his country will continue with its flexible exchange rate and that any intervention would be rules-based. Mexico's peso hit its strongest levels in more than 1-1/2 years this week.
Bloomberg - Carlos Slim is clinging to his title as the world’s richest person thanks to stakes in the priciest publicly traded companies in his native Mexico, even as his biggest holding plummets in value.
Bloomberg - Mexico isn’t planning measures to curb the peso’s advance, according to Deputy Finance Minister Fernando Aportela. Officials aren’t considering capital controls or other measures to curb the currency’s advance, Aportela said in an interview in Panama City.
Reuters - Mexico is considering issuing a new euro bond after a recent improvement in European market conditions, debt chief Alejandro Diaz de Leon said on Saturday. Mexican officials will visit Europe this week to test the appetite for a new issue.
Bloomberg - Mexico’s peso headed for its biggest weekly gain since January after Standard & Poor’s raised the outlook on its credit rating, adding to speculation that President Enrique Pena Nieto’s reform agenda will bolster growth in Mexico.
Marketwire - The Mexico Fund declared a distribution of 0.7703 per share to stockholders of record on April 10, 2013, which is payable in cash on April 24. This distribution is the first corresponding to the fiscal year 2013.
Bloomberg - Mexico’s biggest homebuilders tumbled for a third day after meetings with investors in New York and London failed to quash concern that the companies will struggle to finance themselves amid increased costs.
Dow Jones - Expectations among analysts are divided over whether Mexico's central bank will deliver a rate cut on Friday. Eleven of 17 analysts polled by Dow Jones believe the central bank will leave the benchmark interest rate unchanged at 4.5 percent.
EFE - Mexico received $1.47 billion in remittances in January, down 2.3 percent from the same month in 2012. The median amount per remittance in the first month of 2013 was $287.69, compared with $295.01 in January 2012.