Reuters - The United States is not respecting a World Trade Organization (WTO) ruling on meat labeling, Mexico's Agriculture Minister Enrique Martinez said on Tuesday, saying it was hurting Mexico's domestic beef industry.
Oil & Gas Journal - As the US debates exporting more natural gas from new liquefaction along the East and Gulf coasts, gas exports to Mexico in the past 3 years have doubled. Natural gas production in Mexico has declined 11 percent, says a Barclays report.
Reuters - Mexico's benchmark stock index sold off for a second consecutive session on Tuesday, on track to close at its worst level in nearly eight months. Investors unloaded Mexican shares following weaker-than-expected growth data last week.
Sentido Comun - Grupo Simecannounced that it has repurchased 50,000 shares with buyback fund, endowed with 1,000 million pesos. Excluding this transaction, the company has repurchased 994,644 shares in the month of May, to reach a total 1,044,644.
Sacramento Bee - The fungal disease la roya is decimating thousands of coffee farms across Mexico and Central America. In 1971, the disease wiped out the coffee crop in Sri Lanka, which was the largest coffee producer in the world.
AP - The owners of the 18 Mexican first-division soccer clubs have voted to bar one person or one company from owning more than one team. The vote is an apparent move to stop tycoon Carlos Slim from expanding his influence in Mexican soccer.
Dow Jones - Philip Morris International has agreed to buy Grupo Carso's 20 percent stake in its Mexico tobacco business for about $700 million, giving the tobacco company complete ownership of its Mexican unit.
SuperSport - Chelsea midfielder John Obi Mikel is likely to stay away from Nigeria's exhibition game against Mexico on May 31. A Nigeria Football Federation official revealed that Mikel has asked to be excused from the tune-up match in order to rest.
Reuters - Having backed coach Jose Manuel "Chepo" de la Torre, struggling Mexico need to show improvement in next month's make-or-break World Cup qualifiers or they risk missing out on the 2014 finals in Brazil.
Reuters - Mexico's peso firmed sharply on Monday, bouncing back from a more than three-week low, after a U.S. central bank official suggested the Federal Reserve has the appropriate level of monetary accommodation in place. The peso closed at 12.2749 per dollar.
Arizona Daily Star - A Mexican national, Gamaliel Gonzales de Dios, 54, of Nayarit, was arrested Friday on suspicion of trying to smuggle more than $100,000 in unreported U.S. currency into Mexico by hiding it in a cooler.
Goal.com - Mexico national team head coach Jose Manuel "Chepo" de la Torre named a 23-man roster for his team's upcoming World Cup qualifiers, the Confederations Cup and an earlier friendly against Nigeria. Once again, Carlos Vela is the most notable omission.
Fresh Plaza - During the first quarter of 2013, lemon production in Yucatan amounted to 5,735 tons, which represents a 19 percent increase when compared with the same period of 2012. Orange production soard 22.3 percent to 2,802 tons.
New Straits Times - Villagers installing a water pipe in southwestern Mexico stumbled onto an ancient granite statue depicting a player from a pre-Hispanic ball game. The object could be more than 1,000 years old.
IANS/EFE - Economic activity associated with tourism grew 4 percent in 2012 compared with the year before. Spending by foreign and domestic tourists increased by 4.7 percent. Tourism contributes close to 9 percent of Mexico's GDP.
Huff Post - A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations of bribery involving its operations in Mexico.
StockMarketWire.com - Plant Health Care, a provider of biological products to global agriculture markets, has received Mexican federal registration for the use of its Harpin alpha beta technology on maize, dry beans, sugar cane and other crops.
Reuters - Mexican stocks slumped to a six-month low on Monday, hurt by weaker than expected growth data last week that dampened the economic outlook for 2013. Mexican stocks have slumped about 11 percent from a record high hit in January.
National Post - The family of a man from Coquitlam, B.C., who has gone missing in Mexico is seeking information about what they believe is a kidnapping. Diego Hernandez, 22, was last seen May 8 in Puerto Vallarta, where he’d been a martial arts instructor.
AP - The Popocatepetl volcano near Mexico City is still rumbling. Mexico's National Disaster Prevention Center says seismic activity shook the area early Sunday. And the 5,450-meter mountain also emitted gas, ash and glowing-hot rocks.
Mexico Business News