Economy & Finance
Fronteras - A new report released by the World Bank shows overall improvement in the growth of the middle class in Latin America. But for Mexico, about 75 percent of the population did not improve their economic status.
Huffington Post - Mexico's famous Pacific resort of Acapulco is being inundated, not by rising sea levels, but by a flood of debt. The city's mayor says the local government has been "collapsed" by a total of $162 million in municipal debt.
Prensa Latina - Mexico asked the United States to put an end to the fifty-year economic, commercial and financial blockade on Cuba, echoing calls made by other nations and organizations in the international community.
Reuters - Europe and Mexico need to go back to the negotiating table to rework their 12-year-old free-trade agreement to include services and agriculture, the European Union's top trade official said on Monday.
Reuters - Mexico's commercial banks are well-capitalized and able to withstand tougher trading conditions, the country's financial stability watchdog said. Tests showed that banks would maintain capital buffers of 11 percent or more.
Bloomberg - Mexico’s push to renew a $72 billion International Monetary Fund loan that it’s never used is showing why the country is safer than Brazil to bond traders.
Reuters - Mexico's annual inflation slid off a 2-1/2-year high in October, backing the central bank's forecast of an easing in the price pressures that have plagued Latin America's No. 2 economy over the last five months.
Reuters - Mexico's central bank said that inflation has peaked and will end the year very close to its 4 percent ceiling, but warned it could tighten interest rates soon if price pressures rise again.
Reuters - Mexican state oil monopoly Pemex will need roughly $10 billion in financing for 2013, similar to the amount required this year, the company's finance director Ignacio Quesada said on Wednesday.
Reuters - Spending on new investment goods in Mexico dropped in August by the most in three months, bolstering fears that weak global growth is dragging on Latin America's second largest economy.