Economy & Finance

Economy & Finance

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.

http://www.bloomberg.com/news/2014-04-07/mexico-longer-term-bonds-rally-on-growth-outlook-peso-declines.html

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.

http://www.reuters.com/article/2014/04/01/mexico-economy-pmi-idUSE1N0IT01Q20140401

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.

http://online.wsj.com/news/articles/SB10001424052702304157204579473812725961626

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.

http://www.ft.com/intl/cms/s/0/999ef49e-b5c6-11e3-81cb-00144feabdc0.html#axzz2xdwfClIK

Two economies explain Mexico's productivity quandry

WSJ -Mexico’s biggest hurdle to raising productivity is its large informal economy. But what’s worse, according to a McKinsey study is that the informal economy is gaining on the formal as a provider of jobs while falling even further behind in productivity.

http://blogs.wsj.com/economics/2014/03/27/two-economies-explain-mexicos-productivity-quandary/

Carlos Slim's son slams new telecom rules

Reuters - Carlos Slim Domit, son of Mexican billionaire Carlos Slim and chairman of family-controlled America Movil, has criticized a reform bill seeking to increase competition in the sector dominated by the phone company.

http://www.reuters.com/article/2014/03/28/mexico-telecoms-idUSL1N0MP02F20140328

Mexico economy expands in Jan.; services slip

Reuters - Mexico's economy expanded in January as industry grew at its fastest pace in nearly a year, the national statistics agency said on Tuesday, but a slight contraction in the services sector pointed to sluggish growth.

http://www.reuters.com/article/2014/03/25/us-mexico-economy-idUSBREA2O13G20140325

Carstens sees inflation below 4% for rest of year

Reuters - Mexico's Central Bank Governor Agustin Carstens said on Wednesday he expected inflation to remain below four percent for the rest of the year, possibly fluctuating around that level, before converging towards the bank's target early next year.  The bank targets an inflation rate of three percent with a tolerance band of plus or minus one percent.

http://www.reuters.com/article/2014/03/26/mexico-economy-idUSL1N0MN18L20140326

Opposition says telecom bill undermines watchdog

Reuters - Mexico's opposition said on Tuesday a government telecom bill undermines a new watchdog by keeping key regulatory powers in the executive's hands, in a spat that could stall the passage of rules aimed at curbing cell phone mogul Carlos Slim and fellow tycoon Emilio Azcarraga's TV group Televisa.

http://www.reuters.com/article/2014/03/25/us-mexico-reforms-telecomunications-idUSBREA2O1VD20140325

Mexico's oligarchs face the music

Financial Times - Enrique Peña Nieto is on a blitz. Since becoming president of Mexico last year, his government has transformed the country’s international image. Now, though, comes the hardest part: fleshing out the reforms’ details and then implementing them. Early signs are mixed.

http://www.ft.com/intl/cms/s/0/bf1f7d2a-af53-11e3-bea5-00144feab7de.html#axzz2wPu9S1N0

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