Trade & Investment
omen's Wear Daily - H&M is scouring Mexico for new locations to expand its fast-fashion franchise after opening a 50,000-square-foot store in Guadalajara earlier this month. The Swedish fast-fashion retailer has made Mexico its Latin American launch pad.
Reuters - Spanish telecom group Telefonica said it is open to mergers, acquisitions and deals to share networks in Mexico, where it lags far behind former monopoly and arch-rival America Movil. The company is one of Europe's most heavily indebted telecoms operators.
Oil & Gas - Natural gas imports into Mexico from the U.S. — its largest supplier — increased 24 percent to 1.69 bcfd in 2012, according to data from the US Energy Information Administration.
The Telegraph - Customs officials reported a record seizure of marijuana hidden in a shipment of fresh squash at the Mariposa port on the Arizona-Mexico border. The seizure exceeds the previous record marijuana haul in Arizona of seven tons in January.
Reuters - Mexican state-owned oil major Pemex is seeking to join forces with billionaire Carlos Slim to buy a 10 percent stake in Spanish oil group Repsol to add to the 9.3 percent it already holds, ABC newspaper reported on Tuesday citing unnamed sources.
Reuters - Mexican frozen food company Sigma Alimentos has launched a 695 million euro ($932 million) takeover bid for Spanish meat processor Campofrio at a price analysts said could tempt its leading shareholder to sell.
El Economista - Spanish bank Banco Sabadell plans to open its own bank in Mexico as part of an internationalization strategy in Latin America, reported the Spanish newspaper Expansion.
Bloomberg - Mexican policymakers cut their growth forecast for this year in half after stagnant exports and a flagging construction industry led them to reduce interest rates by the most since the 2009 recession.
Reuters - Mobli, a mobile photo and video sharing platform, said Latin America's biggest phone company America Movil has made a strategic investment in the company as part of a $60 million funding round.
EFE - Mexican Foreign Secretary Jose Antonio Meade and Venezuelan counterpart Elias Jaua have agreed to begin conversations leading to the signing of a trade accord, Mexico's government said.