Top Stories for July 23, 2014

Some are predicting Mexico can become world's eighth-largest economy by 2050

By Daniel Broderick


Mexico’s increasing purchasing power, as well as key reforms passed by recently elected President Enrique Peña Nieto, have contributed to what economic experts at HSBC might become the world’s eighth-biggest economy by 2050.

 While it hasn’t received the recent media attention of other emerging economies like Brazil or India, Mexico has quietly positioned itself to be a major economic force in the long term.


One of the primary drivers of Mexico’s recent growth comes from the manufacturing sector. Merchandise goods rose three percent in 2013, a modest but encouraging gain, and one that is expected to improve over the remainder of 2014. 

Global economic recovery is expected to help Mexico continue its own improvement, especially in the appliances industry, which is expected to grow significantly in the near future. The Boston Consulting Group expressed substantial confidence in Mexico’s manufacturing, noting that...


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...

Washington Post - Texas Gov. Rick Perry (R) reportedly plans to dispatch some 1,000 Texas National Guardmen to the U.S. border with Mexico to increase security in the Rio Grande Valley.

ABC - A controversial woman at the centre of an abuse scandal at a children's home in western Mexico has been set free after a preliminary probe cleared her of wrongdoing, authorities say.

AP - The first known litter of Mexican gray wolves has been born in the wild as part of a three-year effort to re-introduce the subspecies to a habitat where it disappeared three decades ago, Mexican officials reported Thursday.

IBNLive - Mexico climbed up two spots to No.18 in the latest world rankings released by football's world governing body, FIFA. Mexico earned a total of 930 points to rank third in the Concacaf confederation (North and Central America and the Caribbean).

Reuters - Mexico's Cemex, one of the world's largest cement companies, said on Friday it had a second-quarter profit of $76 million, its first quarterly profit since the financial crisis in 2009.

Inside the Games - World Archery today announced it has awarded the 2015 World Cup final and the 2017 World Championships to Mexico City. This will be the first time Mexico has hosted the World Championships.

NumbersUSA - The U.S. government did not grant refugee status to any people from Guatemala, Honduras, El Salvador or Mexico in fiscal year 2013.  Thirty received the status from 2007 through 2013.

LAT - With pressure mounting from the U.S. government, Mexico appointed a czar to take charge of largely unimpeded migration of tens of thousands from Central America each year.

WSJ - Mexican bakeries company Grupo Bimbo said it has agreed to buy leading Ecuadorean bread maker Supán, ending a long dispute over the Ecuadorean company's use of the Bimbo brand name in its home country.

Reuters - Britain's Vodafone said it was unlikely to be interested in telecom assets being put up for sale in Mexico by tycoon Carlos Slim's America Movil since a deal would not fit with its focus on the corporate market in Latin America. - Mexican referee Marco “Chiquimarco” Rodriguez has hung up his whistle following his third World Cup. Rodriguez is a household name in Mexico after 17 years refereeing in the first division, as well as officiating at three World Cups.

Reuters - Mexican infrastructure company Promotora y Operadora de Infraestructura, known as Pinfra, closed a stock offering worth more than $570 million on Wednesday . The company operates 15 highway concessions and one port.

Bloomberg - Gamesa Corp. Tecnologica, Spain’s biggest wind-turbine maker, said it won 290 megawatts of orders in the U.S. and Mexico, where it will supply turbines to a wind farm being developed in the center of the country.

Mining - Grupo Mexico is mulling over the idea of entering the rare earth metals sector. The company, the world’s third largest copper producer, could begin operations in Sonora and Chihuahua states later this year.

EFEPetroleos Mexicanos has chosen a consortium of U.S.-based Invenergy Clean Power and Mexico's Enesa Energia and Mexichem as its partner on an $650 million electricity co-generation project.

Sporting News - Miguel Herrera’s reign as coach of Mexico’s national team is set to be extended, with Mexican soccer federation (FMF) president Justino Compean saying both parties are in agreement over his continuation.

Reuters - An ancient megalopolis built in a drained lake rimmed by mountains, Mexico City consistently flies under the radar. Latin America's biggest city has failed to shed an unfair reputation for crime and pollution.

Fresh Plaza - Mexico is the leading country exporting to the US (26%), followed by Guatemala (19%) and Costa Rica (17%). Mexico is currently increasing its avocado, mango and strawberry exports and it is the first exporter of lime and watermelons to North America.

WND - The infamous Mexican “Death Train” – also called “La Bestia” ("The Beast’) – on which tens of thousands of illegal alien children from Central America are traveling through Mexico to the United States – is being targeted by criminal complaints from Mexican authorities.

NYT - Harry Devert left his job as a New York financial trader to ride his motorcycle to the World Cup only to vanish in Mexico. Now authorities believe they have located his remains.

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