Economy & Finance

Economy & Finance

Evercore Mexico raises $201 million fund

Business Wire - Evercore Mexico Capital Partners, a leading private equity investor in Mexico, has completed fundraising for Evercore Mexico Capital Partners III (“EMCP III”), raising $201 million, its largest fund ever.

news.investors.com/newsfeed-business-wire/061813-141493904-evercore-mexico-capital-partners-raises-201-million-fund.aspx

What Carlos Slim knows about investing others don't

VOXXI - Mexico billionaire Carlos Slim has never held public office, but the second richest man in the world might as well be king of Mexico as far as Wall Street and international investors are concerned. This week people are wondering what he knows.

www.voxxi.com/what-carlos-slim-knows-investing-mexico/

Development bank to boost loans 9.4 percent

Reuters - Mexico's development bank will lend or guarantee 9.4 percent more loans in 2013 than in 2012 to boost private sector credit and economic growth. Direct and guaranteed credit from the bank would total 939 billion pesos ($72.84 billion) this year.

www.reuters.com/article/2013/06/11/mexico-economy-credit-idUSL2N0EN1IQ20130611

April industrial output drops to 4-month low

Reuters - Mexican industrial output dropped in April by the most in four months, on weakness in construction, manufacturing and mining. Compared to the previous month, April industrial activity contracted 1.67 percent, well below expectations.

www.reuters.com/article/2013/06/11/mexico-economy-idUSL3N0EN2Q320130611

Extensive "cyber-mining" is exposed in Mexico

Mexidata - Last week, the Mexican media re-exposed a black market in personal and financial data of Mexican residents with apparent tentacles in England, Argentina and the United States. A list of 30 million registered voters was bought for below $400.00.

www.mexidata.info/id3637.html

Clouds gather over touting of new oil dawn

Reuters - The vast Ku Maloob Zaap oil field is the jewel in the crown of Mexico's oil industry, pumping one in every three barrels of crude the country produces. But behind the luster, Pemex quietly expects a gloomier future for the aging field.

www.reuters.com/article/2013/06/05/mexico-oil-idUSL1N0EG0IR20130605

Peso, poised at precipice, might face steeper fall

Reuters - Mexico's peso could slide even further if convictions mount that the massive monthly U.S. monetary stimulus is nearing an end and lead to an exodus of foreign investors who have piled into Mexican markets.

www.reuters.com/article/2013/06/03/us-markets-mexico-analysis-idUSBRE9520CC20130603

Unemployment rate rises in April from year ago

Dow Jones - Unemployment in Mexico rose in April from the year-earlier month and from March, following sluggish growth in the first quarter. The jobless rate among Mexico's 50-million workforce was 5 percent last month, compared with 4.9 percent in April 2012.

online.wsj.com/article/BT-CO-20130524-705205.html

Boxes of cash seized in Tabasco corruption probe

AP - Mexican authorities this week seized five boxes filled with cash as part of an investigation into alleged embezzlement by a former governor of Tabasco state, in what could become the latest test for President Enrique Pena Nieto to act against corruption.

abcnews.go.com/International/wireStory/boxes-cash-seized-mexico-corruption-probe-19238482#.UZ-PQpy9tL8

Recent downturn expected to be erased in 2014

Financial Times - Mexico's disappointing first quarter GDP figures must have been a hard pill to swallow. It’s not all bad news however. Economists expect the country to grow 3.9 per cent in 2014. Those numbers might quell some of the recent anxiety.

http://Financial Times - Mexico's disappointing first quarter GDP figures must have been a hard pill to swallow. It’s not all bad news however. Economists expect the country to grow 3.9 per cent in 2014. Those numbers might quell some of the recent anxiety.

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