Economy & Finance
WSJ - Over the past decade, Amado Yáñez Osuna was a highflying CEO with good political ties. He turned up at events with prominent ruling-party members, and lent his private jet to party officials. But then the party lost power.
WSJ - In a setback for the government of President Enrique Peña Nieto, Mexico's central bank on Wednesday slashed its economic-growth forecast for this year after weak activity during the first quarter.
Reuters - Mexico's Congress will convene for a special session from today, Wednesday, to approve a pending electoral reform, which should ease a legislative logjam hampering passage of bills to implement major economic reforms.
WSJ -Economists polled in April by the Bank of Mexico lowered their estimate for Mexico's economic growth this year to 3% from 3.1% the previous month, a third consecutive reduction in the forecast after a sluggish start to the year.
Reuters - Mexico's public sector ran a fiscal deficit of 61.9 billion pesos ($4.73 billion) during the first quarter of 2014. During the same three-month period last year, the government ran a surplus of 40.2 billion pesos.
EFE - Mexico's foreign reserves rose by $503 million last week to $184.01 billion, the Bank of Mexico said. Gold and foreign currency reserves grew in the week ending April 25.
Bloomberg - Mexican consumer prices fell by the most in 11 months in early April as fruit and vegetable costs declined, with the inflation rate falling to its lowest level since October.
Reuters - Mexican annual inflation likely eased further in early April, backing expectations that policymakers will leave interest rates on hold this year to bolster a wobbly economic recovery.
CVBT - Mexico’s economic growth is gradually improving, but sector-specific challenges will continue to affect agribusiness, says a new report from Rabobank, a unit of Rabobank Group of Utrecht, The Netherlands.
CBC - Mexico is preparing to implement new regulations that will allow the government to identify individuals and businesses linked to drug trafficking and ban financial firms from doing business with them.