Trade & Investment
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.
EFE - Spain's Banco Sabadell said Monday it started operating in Mexico via its new Sabadell Capital unit, a subsidiary created to finance different projects in Mexican pesos and U.S. dollars.
WSJ - Daimler and Japan’s Nissan Motor Co. will jointly produce Mercedes-Benz and Infiniti compact cars in Aguascalientes under an agreement that would comprise the largest project in a four-year-old alliance.
News.com.au - Mexico plans to "conquer new markets" with its national drink, tequila, with projections showing that China will be the liquor's No 2 importer in five years.
EFE - Spain's Banco Popular expects to receive the final approval from Mexican banking regulators in "a few days" to acquire a 25 percent stake in Mexico's BX+, a deal announced last December.
AG Professional - Agriculture Secretary Tom Vilsack highlighted recent progress on a number of trade issues with Mexico following a panel discussion with Mexico's Secretary of Agriculture Enrique Martínez y Martínez.
Reuters - Mexico is getting ready to defend its sugar producers in a dispute over allegations of dumping made by U.S. competitors, Economy Minister Ildefonso Guajardo said this week.
CBC - BRP Inc., the former recreational products division of Bombardier Inc. that makes Ski-Doos and off-road vehicles, says it will invest $55 million to build a third manufacturing plant in Ciudad Juarez, Mexico.
Farm&Ranch - The Mexican government is in the process of making regulatory changes that allow for import of U.S. beef and beef products derived from cattle of any age. This important development lifts the 30-month cattle age limit for U.S. beef and effectively removes the last of Mexico’s BSE-related restrictions.
Bloomberg - The U.S. plans to announce whether it will investigate allegations that Mexico unfairly subsidized its sugar exports, a step that may lead to penalties on trade that was valued at $1.1 billion last year.