Trade & Investment
Motley Fool - Pemex sees 29 billion barrels of potentially recoverable oil equivalent in its part of the Gulf of Mexico. 29 billion barrels would be over double the size of Pemex's current proven reserves, which would substantially increase Mexico's oil production.
HM Media - Johnson Controls informed employees in its Waynesboro plant Tuesday it will proceed with a plan to transfer some production lines and jobs to Mexico. The move is expected to begin in early 2014.
Reuters - Banco Popular said on Wednesday it would carry out a capital increase of up to 450 million euros and use the cash obtained to buy a stake in Mexican financial group BX+ and boost its core capital ratio.
Financial Times - Mexico’s Nafta negotiators used to dream of exports reaching $10 billion a month. Twenty years on, they average $1 billion a day. The past two decades have seen Mexico leap from low-cost assembly plants to establishing high-tech “clusters”, such as its multibillion-dollar aerospace industry.
LAT - Faced with rising wages in China and high shipping costs, many businesses are finding manufacturing close to home more appealing. But despite its advantages, Mexico has problems.
AFP - The United States blocked a new attempt by Mexico to get the WTO to solve a dispute over "dolphin friendly" labels. Tuna sold in the United States must carry a dolphin-safe stamp, which Mexico argued successfully last year was an illegal means to keep out imports.
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.