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.

http://www.wwd.com/retail-news/specialty-stores/hm-eyes-mexico-expansion-7284519?module=Retail-hero

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.

http://www.ogj.com/articles/2013/11/us-natural-gas-exports-into-mexico-to-continue-growth.html

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. 

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/10461889/US-seizes-record-haul-of-marijuana-smuggled-from-Mexico.html

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.

http://uk.reuters.com/article/2013/11/19/uk-repsol-idUKBRE9AI0DP20131119

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.

http://www.reuters.com/article/2013/11/14/campofrio-sigma-idUSL5N0IZ1ZD20131114

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.

http://eleconomista.com.mx/sistema-financiero/2013/11/13/sabadell-planea-abrir-banco-mexico

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.

http://www.bloomberg.com/news/2013-11-06/mexico-central-bank-cuts-2013-growth-forecast-as-exports-stall.html

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.

http://www.reuters.com/article/2013/11/06/mobli-americamovil-idUSL5N0IQ3G520131106

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.

http://latino.foxnews.com/latino/news/2013/11/04/mexico-venezuela-agree-to-begin-trade-talks-in-2014/

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