Economy & Finance
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
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.
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.
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.
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.
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.
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.