Economy & Finance

Economy & Finance

Signs of growth spur interest rate hike bets

Bloomberg - Growth in Mexico is finally starting to pick up. That’s prompted traders to predict the first interest-rate increase since 2008http://www.bloomberg.com/news/2014-08-27/pena-nieto-growth-malaise-ending-spurs-rate-bets-mexico-credit.html

Mexico hopes to lure $50.5 billion in energy tenders

Reuters - Mexico expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic opening of its oil sector that begins next year with a first round of contracts, the country's top oil officials said.

http://www.reuters.com/article/2014/08/13/mexico-reforms-energy-idUSL2N0QJ1MG20140813

Bank of Mexico lowers growth estimate for 2014

WSJ - The Bank of Mexico lowered its 2014 economic growth estimate for the country, saying that while demand for exports of manufactured goods has improved, the domestic market remained lackluster in the second quarter.

http://online.wsj.com/articles/bank-of-mexico-lowers-growth-estimate-for-2014-1407954283

Mexico opens debate on $5/day minimum wage

AP - National attention in Mexico has focused on the country's shockingly low minimum wage after the Mexico City government suggested it could act to increase the local minimum.

http://www.foxnews.com/world/2014/08/08/mexico-opens-debate-over-5-per-day-minimum-wage/

Health care market to reach $28 billion by 2020

PharmExec - Mexico’s pharmaceutical industry will be worth approximately $22.5 billion by 2020. Combined with the medical devices industry, the total value of Mexico’s healthcare market value will be $27.9 billion.

http://blog.pharmexec.com/2014/08/08/mexicos-healthcare-market-value-to-reach-almost-28-billion-by-2020/

Economists cut forecast for 2014, 2015 growth

EFE - Economists lowered their forecast for Mexico's 2014 growth to 2.56 percent, down from 2.65 percent in June. They also downwardly revised their forecast for growth in 2015 from 3.87 percent to 3.85 percent.

http://latino.foxnews.com/latino/news/2014/08/01/economists-cut-forecast-for-mexico-2014-growth/

Mexico passes telecom reform laws

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.

http://www.usnews.com/news/business/articles/2014/07/09/mexico-passes-telecom-reform-laws

Mexico annual inflation ticks up in June

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.

http://www.reuters.com/article/2014/07/09/mexico-economy-idUSL2N0PK0O020140709

Government says Slim plan may improve competition

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.

http://www.reuters.com/article/2014/07/09/us-slim-america-movil-govt-idUSKBN0FE08L20140709

Pena Nieto is back in deal making mode

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.

http://www.bloomberg.com/news/2014-07-07/mexico-s-grand-bargain-dealmaker-is-back-in-action.html

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