Economy & Finance
Bloomberg - The peso fell as a report showed February retail sales fell the most in three years, damping the outlook for an economic expansion. The peso fell 0.6 percent to 12.3414 per dollar at 9:10 a.m.for the biggest drop since April 15.
Bloomberg - Mexican inflation unexpectedly climbed above its target range as the central bank signaled it doesn’t plan to further cut borrowing costs to spur growth. The peso rallied.
Reuters - Mexican private spending rose in the fourth quarter of last year but the pace of expansion cooled slightly under the weight of sluggish global growth. The growth of Mexico's overall economy is seen slowing to 3.5 percent this year.
Reuters - Mexican telecoms tycoon Carlos Slim, whose wealth has taken a knock since the government last Monday unveiled a reform bill to overhaul the industry he dominates, said on Sunday he welcomed the plan as a boon for competition.
Reuters - A major reform bill to increase competition in Mexico's phone and television markets on Thursday cleared its first hurdle when it was approved by a committee in the lower house of Congress with no changes.
Associated Press - The proportion of the world's middle class living in developing nations more than doubled between 1990 and 2010 and is expected to rise to more than 80 percent of the globe's total by 2030, a United Nations report said Thursday.
Reuters - Mexico's peso is scaling new highs amid confidence in the country's reform push, a likely credit ratings upgrade and profit taking after last week's interest rate cut, sparking speculation about how far it will rise before authorities act.
Forbes - Mexico’s President Enrique Peña Nieto's telecommunications reform law could affect Carlos Slim’s status as the world's richest man. The bill grants regulators the power to break up phone and TV providers that control more than 50 percent of the national market.
Reuters - Mexican industrial production rebounded more than expected in January on a strong bounce in construction after slowing the most in four years at the end of 2012. Industrial output rose 1.1 percent in January compared to the previous month.
Reuters - Mexico's government presented on Monday a major reform bill that aims to loosen billionaire Carlos Slim's hold on the telecommunications market and curb top broadcaster Televisa's rule of the airwaves. The following are key points in the proposal: