Economy & Finance
Business Wire - Evercore Mexico Capital Partners, a leading private equity investor in Mexico, has completed fundraising for Evercore Mexico Capital Partners III (“EMCP III”), raising $201 million, its largest fund ever.
VOXXI - Mexico billionaire Carlos Slim has never held public office, but the second richest man in the world might as well be king of Mexico as far as Wall Street and international investors are concerned. This week people are wondering what he knows.
Reuters - Mexico's development bank will lend or guarantee 9.4 percent more loans in 2013 than in 2012 to boost private sector credit and economic growth. Direct and guaranteed credit from the bank would total 939 billion pesos ($72.84 billion) this year.
Reuters - Mexican industrial output dropped in April by the most in four months, on weakness in construction, manufacturing and mining. Compared to the previous month, April industrial activity contracted 1.67 percent, well below expectations.
Mexidata - Last week, the Mexican media re-exposed a black market in personal and financial data of Mexican residents with apparent tentacles in England, Argentina and the United States. A list of 30 million registered voters was bought for below $400.00.
Reuters - The vast Ku Maloob Zaap oil field is the jewel in the crown of Mexico's oil industry, pumping one in every three barrels of crude the country produces. But behind the luster, Pemex quietly expects a gloomier future for the aging field.
Reuters - Mexico's peso could slide even further if convictions mount that the massive monthly U.S. monetary stimulus is nearing an end and lead to an exodus of foreign investors who have piled into Mexican markets.
Dow Jones - Unemployment in Mexico rose in April from the year-earlier month and from March, following sluggish growth in the first quarter. The jobless rate among Mexico's 50-million workforce was 5 percent last month, compared with 4.9 percent in April 2012.
AP - Mexican authorities this week seized five boxes filled with cash as part of an investigation into alleged embezzlement by a former governor of Tabasco state, in what could become the latest test for President Enrique Pena Nieto to act against corruption.
Financial Times - Mexico's disappointing first quarter GDP figures must have been a hard pill to swallow. It’s not all bad news however. Economists expect the country to grow 3.9 per cent in 2014. Those numbers might quell some of the recent anxiety.
http://Financial Times - Mexico's disappointing first quarter GDP figures must have been a hard pill to swallow. It’s not all bad news however. Economists expect the country to grow 3.9 per cent in 2014. Those numbers might quell some of the recent anxiety.