Economy & Finance

Economy & Finance

Mexico's foreign reserves rise by $503 million

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.

Consumer prices fall most since last May

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.

Inflation seen cooling further in early April

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.

Report says Mexico agribusiness faces challenges

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.

Mexico prepares first drug financing blacklist

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.

Mexico's inflation rate edges higher in March

EFE - Mexico's consumer price index rose 0.27 percent in March, compared to the previous month, pushing the inflation rate over the past 12 months to 3.76 percent, the National Institute of Statistics and Geography said.

Longer-term bonds rally on growth outlook

Bloomberg - Mexico's longest-dated peso bonds rallied for a third day as policymakers indicated that they’re moving toward reducing growth forecasts, sinking speculation that borrowing costs will increase.

March factory sentiment eases further off 1-year high

Reuters - Mexico's manufacturing sector sentiment declined in March for the second month in a row, a survey showed on Tuesday, but the index still pointed to growth.

Infonavit to seek higher investment yields

Mexico's government-run home financing fund Infonavit, the country's biggest mortgage lender, plans to seek greater returns on its invested assets, starting with the most conservative of the investment strategies used by the country's pension-fund managers.

Mexico struggles to break productivity shackles

Financial Times - How to increase output per worker in Mexico has become one of the most urgent challenges facing the government of Enrique Peña Nieto as it implements a host of structural reforms.

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