markets-featured
Key rate unchanged as inflation halts 4-month rise
Bloomberg - Mexico’s central bank held its benchmark interest rate at a record low after inflation began to ease amid its longest period above the target range since Governor Agustin Carstens took office.
Femsa in no rush to sell off large Heineken stake
Dow Jones - Mexican beverage and retail company Femsa said it isn't likely to start flooding the market with Heineken shares come April, as permitted under the terms in which Femsa agreed to sell its beer business to the Dutch brewer in 2010.
www.foxbusiness.com/news/2012/10/25/mexico-femsa-in-no-rush-to-sell-off-large-heineken-stake/
S&P launches SMIT 40 index as BRICs lose form
ETF Strategy - S&P Dow Jones Indices has announced the launch of the S&P SMIT 40 Index, an index designed to measure the performance of 40 leading companies from four emerging markets: South Korea, Mexico, Indonesia and Turkey (“SMITs”).
Bond yields rise to four-week high
Bloomberg - Mexico’s peso bond yields rose to a four-week high as an improving economic outlook locally and abroad damped demand for assets seen as a refuge. Demand for Mexican bonds has been declining along with that of U.S. Treasuries.
www.businessweek.com/news/2012-10-22/mexico-s-bond-yields-rise-to-four-week-high-as-refuge-bid-ebbs
Cemex to list 24% of unit on Colombian stock market
Reuters - Mexico's top cementmaker Cemex saidit plans to list about 24 percent of its Cemex Latam Holdings unit on the Colombian stock market in the latest step to raise cash to help it ease bulky debts.
www.reuters.com/article/2012/10/19/cemex-colombia-idUSL1E8LJ2SS20121019
Mexico's market shines as reforms, confidence take hold
Globe and Mail - Mexico’s bourse is the second-best performing major market in the world. The benchmark IPC index has soared 23.6 per cent, as investors have become increasingly convinced that cartel violence can’t derail Mexico’s economic growth.
Japan mutual fund adds Mexico to bond portfolio
Reuters - Japan's Kokusai Asset Management, the manager of the country's biggest mutual fund, said it has added Mexico and Poland to its $19 billion flagship bond fund in a bid to diversify its allocations and boost investment returns.
www.reuters.com/article/2012/10/15/japan-kokusai-idUSL3E8LF3G120121015
Annual inflation hits 2-1/2-year high in September
Reuters - Mexico's annual inflation accelerated to a 2-1/2-year high further above the central bank's ceiling in September but analysts expect policymakers to hold their fire and not raise interest rates for now.
www.chicagotribune.com/business/sns-rt-us-mexico-economybre8980u2-20121009,0,6908862.story
Children encouraged to buy government bonds
Parda Phash - The Mexican government is inviting children to invest their savings in Treasury bills, known as "Cetes". Participants can purchase Treasury securities via the Internet or by telephone.
Sanluis Rassini postpones $250 million bond sale
Bloomberg - Sanluis Rassini, a Mexican auto parts maker, postponed plans to sell $250 million of 10-year bonds in international markets, said Juan Pablo Sanchez Kanter, an investor relations official at the company.
www.bloomberg.com/news/2012-10-04/mexico-s-sanluis-rassini-pulls-250-million-overseas-bond-sale.html
