Economy & Finance

Economy & Finance

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.

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.

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.

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.

Mexican pharmaceutical market valued at $22.5 billion

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.$225b-$54b-by-2020-says--a-526420.html#.U7q1iI1dV68

Consumer confidence rises to 8-month high in June

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.

Remittances rise 7.89% so far this year

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.

Senate committees approve telecoms bill

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.

Mexico's foreign reserves rise by $1.87 billion

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.

In Mexico, old habits die hard

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.

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