Economy & Finance

Economy & Finance

Mexico's oil hedging deal is exposed

Financial Times - Mexico’s oil hedging program - a highly secretive deal that is the largest single trade in crude markets - appears to be unfolding in public for the first time, according to traders.

Regulator to probe Mexico's pay TV market

Reuters - Mexico's telecoms competition watchdog said it will probe the country's pay TV market, which could result in stiffer regulations for Grupo Televisa as it moves to buy up cable companies.

July industrial output rises, led by manufacturing

Reuters - Mexican industrial production bounced back in July, led by manufacturing, which grew at its fastest pace in six months as the economy picks up some speed after a weak start to the year.

Mexico's four obstacles to competitiveness

Detroit News - Although Mexico has taken a step in the right direction with recent reforms, there are four tough challenges the country is going to face in its journey toward increased competitiveness:

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 2008

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.

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.

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.

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.

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.

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