Economy & Finance
AP — The lower house of Mexico's congress has approved tough restrictions on dominant companies in the country's telephone and television sectors. The new rules must still be signed into law.
Reuters - Mexico's annual inflation rate ticked up in June but remained below the central bank's ceiling, boosting bets that policymakers will leave rates at an all-time low to support tepid growth in Latin America's No. 2 economy.
Reuters - Mexico's government says that a proposal by billionaire Carlos Slim's America Movil to cut its share of Mexico's telecommunications market below 50 percent could improve competition in the industry.
Bloomberg - Months behind on a plan to get laws implemented to support last year’s sweeping constitutional reforms in energy and telecommunications, Mexican President Enrique Pena Nieto is back in deal-maker mode.
PRWEB - The healthcare market of Mexico has significant potential for growth. The pharmaceutical market was valued at approximately $10 billion in 2008, and is projected to reach approximately $22.5 billion by 2020.
Reuters - Mexico's consumer confidence index rebounded in June to an eight-month high as consumers became more optimistic about their ability to buy, raising hopes of a rebound in consumer spending.
EFE - Remittances sent to Mexico by emigrants totaled $9.58 billion in the first five months of 2014, up 7.89 percent compared to the same period last year, the Bank of Mexico said.
Reuters - Mexican Senate committees on Thursday gave their general approval to legislation needed to implement a reform of the phone and TV markets that seeks to rein in telecoms tycoon Carlos Slim and broadcaster Televisa.
EFE - Mexico's foreign reserves rose by $1.87 billion last week to $190.27 billion, the Bank of Mexico said. Reserves have grown by $13.75 billion since Jan. 1, the Bank of Mexico said in a statement.
Foreign Policy - Mexico's president threw open the door to reforming the energy sector, potentially reversing 75 years of revolutionary legacy. Now the ambitious overhaul is colliding with messy political reality.