Top Stories for August 30, 2014

Mexico said to be poised for new, $9.2 billion capital airport due in 2018

By Brendan Case, Nacha Cattan and Eric Martin


President Enrique Pena Nieto is poised to announce a new, larger airport for Mexico City that would open in 2018 to end persistent delays at Latin America’s busiest hub, people with direct knowledge of the plan said.

The project might be unveiled next week, possibly as soon as Pena Nieto’s Sept. 2 state of the nation speech, said three people, who asked not to be identified because details aren’t public. 

They said the new airport initially would have at least three runways, one more than the current Benito Juarez International.

Pena Nieto’s commitment to the plan, with its promise of more passenger capacity, would cap months of deliberations on how to ease air-traffic congestion in the capital. The new airport probably will be the biggest public-works effort of his six-year term, with a previous government...


From Forbes Many longtime observers of the Mexican economy and a growing cadre of enthusiastic global investors had expected that by now Mexico would be on its way back to rapid growth. Unfortunately, this is a script that Mexico has seen...
Jeremy Martin
For the first time in more than 75 years, the most important date on Mexico’s oil calendar in March was not the national holiday celebrating President Cardenas’ expropriation of foreign oil companies on March 18, but rather the 21st. Friday, March...

Detroit News - Although Mexico has taken a step in the right direction with recent reforms, there are four tough challenges the country is going to face in its journey toward increased competitiveness:

Huff Post - Mexico City has been one of celebrity chef Rick Bayless’ favorite places on Earth. In the interest of brevity, he recommends checking out these five restaurants. - Mexico soccer manager Miguel Herrera and the Mexico Football Federation have named the 22-man squad for a pair of international friendlies taking place early next month.


AP - Relatives of people missing in Mexico blasted authorities Wednesday as seemingly more interested in manipulating the data on the disappeared than on conducting thorough investigations.

Reuters - GM is shifting some production of the Cadillac SRX from Mexico to Tennessee, but will partly offset that by moving some Chevrolet Equinox manufacturing from Tennessee to Mexico.

The Packer - Avocados from Mexico will offer a promotion, Échale al Asador — Toss it on the Grill — at about 1,200 hispanic retail outlets in California, Arizona, Texas, Chicago and Florida.

Reuters - U.S. authorities have agreed to stop pressuring undocumented immigrants in Southern California to sign off on their own deportations under a legal settlement.

Bleacher Report - Mexico is set to face Chile and Bolivia next month and Miguel Herrera has already picked six footballers who play abroad, including Erick Torres over Javier Hernandez. Is this the right call?

LAT - The family of a Mexican man shot and killed by U.S. Border Patrol agents two years ago has filed a lawsuit alleging that the agency sanctioned use of deadly force in response to rock throwing. - Jungles, deserts; teeming cities, one-street pueblos; fiesta fireworks, Frida's angst: Mexico conjures up so many vivid images. Here are Lonely Planet’s Top Five in Mexico.

Bloomberg - Growth in Mexico is finally starting to pick up. That’s prompted traders to predict the first interest-rate increase since 2008

Reuters - Mexican factory exports rebounded in July, rising at their fastest pace in five months. Factory exports picked up 3.81 percent in July from June after a big drop the previous month.

Reuters - Mexico's sugar chamber said it would agree to a deal that limits Mexican sugar exports to the United States with an export minimum of at least 1 million tons per cycle.

CBS13 – Protesters waving signs and American and Marine Corps flags gathered near the California capitol to demand of Mexico’s president the release of a jailed Marine in Mexico.

Globe Newswire - First Cash Financial Services, Inc. has completed the acquisition of 47 pawn stores located in 12 states in Mexico, five pawn stores in Colorado and four pawn stores in Texas.

LAT - Gov. Jerry Brown and Mexican President Enrique Peña Nieto shared the stage in Los Angeles to speak about opportunities for the Golden State and its southern neighbor to work together.

BBC - An estimated 10,000 families in Mexico have been affected by Hurricane Marie. A state of emergency has been declared in 10 of the worst-hit municipalities in southwestern Oaxaca.

WSJ - Coca-Cola Co. is introducing a mid-calorie cola here in its second-biggest market by sales volume and a country that's struggling to shed the pounds. Mexicans drink more Coca-Cola products per capita than consumers in any other country.

EFE - There is no evidence to support the comments by Texas Gov. Rick Perry that jihadists could enter the United States via the southern border, Mexican Foreign Relations Secretary Jose Antonio Meade said.

Bloomberg - Spilling chemicals into two rivers near the U.S. border is making Grupo Mexico the country’s worst performing major stock. The shares have lost 5.3 percent, the most among 35 companies on the IPC index.

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