Economy & Finance
Bloomberg - Leaders of Mexico’s ruling party will propose changing its bylaws to allow taxes on food and medicine and increased private investment in the state-owned oil industry, according to one of the authors of the changes.
Reuters - Mexico's annual inflation rate rose more than expected in early February, pushing investors to trim back bets that the central bank could cut interest rates in the coming months.
Reuters - Mexican retail sales eased more than expected in December, raising concerns about whether internal demand can buoy growth in 2013. Retail sales fell 1.8 percent from the prior month, missing expectations.
Dow Jones - Mexico maintained steady economic growth in the fourth quarter, roughly in line with expectations, as strong domestic demand offset weaker demand for exports from Latin America's second-largest economy.
Capital Press - Changes in Mexican agriculture are prompting more workers to remain south of the border, driving up competition for labor with U.S. farmers, according to a migration study by the non-profit Migration Policy Institute.
Reuters - Global trade talks are in crisis and private companies in the United States urgently need to pressure their government back to the negotiating table, said Herminio Blanco, Mexico's candidate to head the World Trade Organization.
Reuters - Mexico's central bank governor Agustin Carstens said on Wednesday that any cut to the bank's current 4.5 percent benchmark interest rate is not a done deal and will depend upon inflation.
Reuters - Mexico's ruling party submitted a bill to limit the growth of state debt through a voluntary framework that falls short of opposition demands for direct regulation by the Senate.
Reuters - Mexican industrial production unexpectedly slumped in December by the most since a deep recession four years ago as factories and builders slowed, bolstering bets that the central bank could cut interest rates.
The Pri's World - Until recently, Mexico’s economy was based on low-paying, labor-intensive industries. But now, Mexico is growing big-time in better-paying industries, like autos, aerospace, and technology, which require better-educated workers.