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.

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

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.

http://insurancenewsnet.com/oarticle/2014/07/05/mexico-pharmaceutical-medical-device-market-worth-$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.

http://www.reuters.com/article/2014/07/04/mexico-economy-confidence-idUSL2N0PF0G720140704

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.

http://latino.foxnews.com/latino/news/2014/07/02/remittances-to-mexico-rise-78-pct/

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.

http://www.reuters.com/article/2014/07/03/mexico-reforms-idUSL6N0PE01G20140703

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.

http://latino.foxnews.com/latino/news/2014/07/02/mexico-foreign-reserves-rise-by-187-bn/

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.

http://www.foreignpolicy.com/articles/2014/06/26/in_mexico_old_habits_die_hard

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