Bloomberg - Mexico’s economic growth will quicken as the government increases spending in the second half of the year, Finance Minister Luis Videgaray said. The economy grew at the slowest pace in more than three years in the first quarter.Economy & Finance
Lat Am middle class rises, but growth slow in Mexico
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.
www.fronterasdesk.org/news/2012/nov/14/middle-class-latin-america-rising-growth-mexico-sl/
Acapulco asks for help with heavy debt
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.
www.huffingtonpost.com/huff-wires/20121114/lt-travel-brief-mexico-acapulco-debt/
Mexico calls on U.S. to end blockade against Cuba
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.
EU trade chief calls on Mexico to reopen pact
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.
uk.reuters.com/article/2012/11/13/uk-mexico-europe-idUKBRE8AC02N20121113
Banks are well capitalized even under stress
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.
www.reuters.com/article/2012/11/09/mexico-banks-idUSL1E8M8KJ720121109
Never-used $72 billion IMF loan wins over traders
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.
Mexico annual inflation falls from 2-1/2-year high
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.
www.reuters.com/article/2012/11/08/mexico-economy-idUSL3E8M85C520121108
Carstens predicts inflation will reach 4% by year's end
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.
www.reuters.com/article/2012/11/07/mexico-economy-banxico-idUSL1E8M7IMV20121107
Pemex says it will need $10 billion in 2013 financing
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.
af.reuters.com/article/commoditiesNews/idAFL1E8M7I0H20121108
Fixed investment falls 0.9% in August
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.
www.reuters.com/article/2012/11/07/mexico-economy-idUSL3E8M7BCS20121107
