Trade & Investment

Trade & Investment

H&M scours Mexico for expansion sites

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.

Telefonica says it is open to M&As, deals in Mexico

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.

U.S. natural gas imports grew 24% in 2012

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.

U.S. seizes record haul of marijuana at border

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.

Pemex eyes 10 percent stake in Repsol

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.

Sigma targets Spanish meats group Campofrio

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.

Banco Sabadell plans to open banks in Mexico

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.

2013 growth forecast cut by half due to export lag

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.

America Movil invests in Israel's Mobli

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.

Mexico, Venezuela to begin trade talks in 2014

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.

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