30 April 2009

Inegi: Labor Day: In 2008, 61.0% of workers in retail, services; 24.6% in industry; 14.4% in farming

Mexico's drug lord Joaquin 'El Chapo' Guzman listed among Time magazine's 100 Most Influential; made Forbes' 2009 ranking of world's richest

INEGI: Total metal mining output -16.2% , seasonally adjusted, annualized in Feb v. -7.7% in Jan ; annual trend rate at -7.5%

INEGI: Total real construction spending -16.2% , seasonally adjusted, annualized in Feb v. -7.7% in Jan ; annual trend rate at -7.5%

Banxico: Direct commercial bank lending to private sector up 3.1% real terms Mar; MXN1.721tln outstanding; off MXN28bln from Feb

Markets: Peso opens softer -1.98% Thu at 13.8750/US$ at 48hr sell rate v. 13.6050 close Wed; gains 1.66% Wed; 52-wk range 9.831 - 15.608

Markets: Bolsa up 2.21% Thu in early trade at 22,559.29 v. 22,072.11 close Wed; rose 1.89% Wed; 52-week range: 16,480.000 - 32,211.500

Editorial Univeral: Health Ministry sending mixed signals on true figures; lack of communication impedes effective preventative measures

Editorial Jornada: Shifting figures cited by govt, chaos at top levels, feeding confusion, fear; no measures to mitigate economic impact

Top Story Reforma: Stoppage Declared - Public, private activities paralyzed May 1-5; food, medicine, indispensable goods, services only

Top Story Universal: Factories, Govt Halted 5 Days - Federal govt suspends non-essential public, private activity May 1-5; says 'stay home'

Top Story Financiero: GDP To Be Hit Up to 0.5% - The epidemic will shave between 0.3% and 0.5% off GDP if the crisis lasts 3 months: FinMin

Top Story Excelsior: Public Bureaucracy Suspended - Basic public services to continue; groceries, gasoline, pharmacies, banks, medical, too

Top Story Cronica: WHO Declares Phase 5; Govt Halts Work - Pandemic imminent; non-essential govt, business activity to be suspended May 1-5

Top Story Milenio: Stay Home: Calderon - The president urges Mexicans to stay in their houses during the long holiday weekend

29 April 2009

FLU PANIC: See WHO Alert Scale: http://ping.fm/SMWXa

FLU PANIC: World Health Organization declares Phase 5 alert; second-highest on its threat scale, indicating a pandemic could be imminent

Banxico: Central bank downgrades GDP forecast; economy may shrink as much as 4.8% in 2009 and as much as 8% in Q1; does not factor swine flu

Senate OKs legal possession amounts for marijuana, cocaine, opium, heroin, meth; 'personal and immediate consumption'; goes to Chamber vote

FLU PANIC: WHO says close to Phase 5 Alert: The declaration of Phase 5 is a strong signal that a pandemic is imminent and that time is short

FLU PANIC: World Health Organization holds pandemic alert level at 4; 5-6 are considered pandemic levels: http://ping.fm/81wuJ

FLU PANIC: World Health Organization Emergency Committee to meet today, may raise pandemic alert level from 4 to 5 (out of possible 6)

FLU PANIC: US child under 2yr dies of swine flu in US border city of Brownsville; child had preexisting health problems; first US fatality

Editorial Jornada: On top of policies that have kept us poor for two decades and current financial crisis, now epidemic devastates economy

Editorial Universal: The epidemic has laid bare our scientific incapacity; inability to confirm cases; countries complain response too slow

Top Story Reforma: It's Going Long - Virus to persist weeks or months; Federal District Mayor Marcelo Ebrard warns emergency plans to endure

Top Story Universal: Restaurants Closed; Federal District Losing MXN777mln/day - Retail, services and tourism estimate MXN7bln total losses

Top Story Financiero: Damage To Economy Inevitable - It's not just market volatility, the real economy will suffer the swine flu epidemic

Top Story Excelsior: Epidemic Of Losses - Almost MXN800mln/day in lost revenue collapsing federal district; closures come on top of crisis

Top Story Milenio: Businesses Lose MXN1.5bln/day - Criticizes Federal District actions as excessive; say many small businesses will close

Top Story Jornada: Health Ministry Downplays Swine Flu - 159 deaths from influenza, but only 7 confirmed from swine influenza; revising data

Top Story Cronica: US Sees Death If Epidemic Worsens - In US, 64 cases swine flu confirmed; govt said situation would worsen, include deaths

Markets: Bolsa up 3.94% Wed in early trade at 22,516.04 v. 21,662.53 close Thu; fell -0.75% Tue; 52-week range: 16,480.000 - 32,211.500

Markets: Peso opens firmer 0.98% Wed at Today Open/US$ at 48hr sell rate v. close Tue strengthens 0.57% Tue; 52-wk range 9.831 - 15.608

FLU PANIC: Health Ministry: 2,948 'atypical' pneumonia cases in Apr., 159 deaths; but only 26 confirmed swine flu cases in Mexico, 7 deaths

28 April 2009

FLU PANIC: Tourism: Some airlines allowing passengers with tickets to Mexico to change their departure date or destination with no extra fee

CDC Warns On MX Tourism: 'Continued travel by US travelers to Mexico presents a serious risk for further outbreaks of swine flu in the US.'

FLU PANIC: US Homeland Security Secretary Janet Napolitano rejects calls to close the US-Mexico border in response to swine flu outbreak

FLU PANIC: Cuba suspends all flights to Mexico; French govt calls on citizens to travel there only if "strictly necessary"

INEGI: Services Igae 7.8% in Feb v. -37.1% in Jan ; annual trend rate at -14.1%

INEGI: Industry Igae 4.8% in Feb v. -28.4% in Jan ; annual trend rate at -13.5%

INEGI: Agriculture Igae -45.2% in Feb v. -23.8% in Jan ; annual trend rate at -4.8%

INEGI: Total GDP proxy Igae 10.3% in Feb v. -37.7% in Jan; annual trend rate at -11.1%

Banxico: Foreign reserves down to US$77.491bln Apr 24 from US$77.910 bln Apr 17

FLU PANIC: Federal District govt orders all restaurants, gyms, social centers, clubs, closed until May 5; panic buys empty grocery shelves

Markets: Bolsa down 0.07% Tue in early trade at 21,811.82 v. 21,827.11 close Mon; fell 3.34% Mon; 52-week range: 16,480.000 - 32,211.500

Markets: Peso opens softer -0.11% Tue at 13.9300/US$ at 48hr sell rate v. 13.9150 close Mon; weakens 4.75% Mon; 52-wk range 9.831 - 15.608

Editorial Universal: IMSS, ISSSTE, Health Ministry, Can They Handle This?

Reforma: Just What Was Missing: An Earthquake - Add to crime and swine flu, earthquake of 5.7 shakes capital; two die in epicenter Guerrero

Editorial Jornada: Govt Opacity Contributes To Panic - In less than one week we go from 'unseasonal but normal cases' to this

Top Story Reforma: WHO Raises Alert Level - WHO hikes alert from 3 to 4 out of maximum 6 for first time; human-to-human infection confirmed

Top Story Universal: Schools Closed Nationwide; Virus Jumps to More Nations - Swine flu crosses Atlantic to Spain, UK; Mexico visits blamed

Top Story Jornada: On Brink Of Pandemic: WHO - WHO raises alert to level 4; significant increase in risk; swine flu sweeps other countries

Top Story Milenio: WHO Raises Alert Level To 4 - The potential for swine flu pandemic has increases; urges govts to focus on mitigation

Top Story Cronica: Influenza Now Affects All Of Mexico - School closures thru May 6 extends to entire country; possible cases in every state

Top Story Excelsior: Global Alert Raised; Classes Suspended Nationwide - For the first time, the WHO raised the pandemic alert level to 4

27 April 2009

FLU PANIC: 2008 Health Ministry study said flu outbreak infecting 15% of pop. would cost 0.5% of GDP; 25% > 1.5% of GDP; 35% > 3.7% of GDP

FLU PANIC: Health Ministry says swine flu virus originated in Perote, Veracruz; mass hog-raising operations in region; US producer presence

FLU PANIC: Peso weakens sharply on swine flu fears; currency 48hr interbank sell-rate depreciates Mon by 4.75% to 13.9150 per US$

FLU PANIC: Swine flu fears hammers stocks; Bolsa IPC closes -3.34% at 21,827.11

FLU PANIC: World Health Organization says containment of swine flu outbreak is not feasible; current focus should be on mitigation measures

FLU PANIC: World Health Organization raises alert level from 3 to 4; means likelihood of pandemic has increased, but not inevitable.

Mexico City rocked by 6.0 earthquake; 230 km (145 miles) south of Mexico City in state of Guerrero; 17.322°N, 99.326°W; no injuries reported

COREX: Markets: Bolsa down 3.48% Mon in early trade at 21,795.27 v. 22,582.17 close Fri; rose 3.45% Fri; corrects Fri close

Markets: Peso opens softer -0.53% Mon at 13.3549/US$ at 48hr sell rate v. 13.2840 close Fri; weakens -0.64% Fri; 52-wk range 9.831 - 15.608

Markets: Bolsa down 3.48% Mon in early trade at 21,795.27 v. 21,480.01 close Fri; rose 3.45% Fri; 52-week range: 16,480.000 - 32,211.500

FLU PANIC: Labor Ministry urges symptomatic workers to stay home, avoid bringing children to work with schools closed

Editorial Jornada: Epidemia, Crisis, Poverty - US declares health emergency, but no deaths; undeniable link of Mexican fatalities to poverty

Editorial Universal: The Other Epidemic - The swine flu is serious, but we must avoid the two extremes: indifference and psychosis

Top Biz Reforma: High Long-Distance Rates For Mobile Users - Mexico has highest rates in OECD, in other countries charges are almost null

Top Story Reforma: DF In Suspense - Courts, others join closure of restaurants, bars, discos, through May 6; prosecutors limited to felonies

Top Story Financiero: Flu Infects Economy: FinMin - Could have 'significant' impact on GDP, but early to say; World Bank releases US$205mln

Top Story Universal: Total DF Shutdown Likely - Federal District govt in talks with business, fed govt regarding full suspension of activity

Top Story Cronica: Swine Flu Spreads; DF Paralyzed - Federal District mulls suspending all activities, including subway; 4mln daily ride

Top Story Jornada: Up to 103 Possible Death Toll - Health Ministry says 103 deaths with swine flu symptoms, but only 21 cases confirmed H1N1

Top Story Milenio: Released From Hospitals, 60% Of Infected - Of 1,614 cases, near two-thirds have recovered; some 400 remain in hospital

Top Story Excelsior: Economy Is Infected - Losses climb into millions of pesos, say businesses affected by weekend's flu-related shutdown

26 April 2009

FLU PANIC: US Embassy cancels all visa interview appointments at its Mexico City offices; consular appointments in other states to go ahead

FLU PANIC: No longer a rumor: Two leading movie chains close cinemas in Federal District, State of Mexico, and San Luis Potosi

FLU PANIC: White House declares swine flu public health emergency; allows federal and state govts easier access to flu tests and medication

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FLU PANIC: World Health Organization fact sheet: http://ping.fm/CuMjt

Top Story Reforma: Church Masses Canceled - No Catholic masses to be held today; schools closed through May 6; public told to 'stay home'

Top Story: Schools Closed Until May 6; Church Masses Suspended - Feds confirm 20 deaths; most sick in DF, State of Mexico, San Luis Potosi

Top Story Excelsior: New Powers To Enter Houses Of Sick And Quarantine - Health Ministry also has extraordinary powers to restrict travel

Top Story Milenio: Federal District reports Five More Deaths From Swine Flu - Official, confirmed count now at 15; closes courts and zoos

Top Story Cronica: WHO Decrees Public Health Emergency - The World Health Organization warned swine flu outbreak has pandemic potential

Top Story Jornada: WHO Launches Global Alert - The situation due to the new virus is serious, unpredictable, and spreading quickly: WHO

25 April 2009

FLU PANIC: WHO Emergency Committee meets, rules flu 'a public health emergency of international concern' but does not raise alert to Level 4 http://ping.fm/DT4YI

FLU PANIC: Mexico City pledges 1mln vaccines; cancels plan after WHO advises futility; US CDC: "There is no vaccine available at this time."

FLU PANIC: US Center for Disease Control (CDC) sends team to Mexico to investigate new strain of swine flu

FLU PANIC: Los Pinos grants Healthy Ministry 'epidemic' powers to enter houses of infected, quarantine regions, screen all interstate travel

Top Story Reforma: Flu Paralyzes DF - More than 500 cultural, entertainment, sport events shut down; classes suspended until further notice

Top Story Jornada: 10-Day State Of Emergency: Federal District - Classes, crowd activities, restaurants, night clubs, bars, to be closed

Top Story Universal: All Public Events Suspended - Schools canceled next week; govt w/1mln antivirus doses; 20 confirmed flu-related deaths

Top Story Cronica: 68 Dead And 1,004 Infected In Valley Of Mexico - Govt has sufficient antivirus to deal with epidemic; free treatment

Top Story Excelsior: Crowd Activities Canceled - Swine flu epidemic leads to cancellation of some 500 public activities in Federal District

Top Story Milenio: Up To Now, Thousand Plus Infected; There Is A Cure: Health Ministry - Govt says has enough medicine to attend flu cases

24 April 2009

Banxico: Calderon nominates Manuel Sanchez Gonzalez as deputy central bank governor; director of economic studies for BBVA bank; seen dovish

FLU PANIC: Mexico City govt denies plans to close subway; transports 4mln/day on average; will distribute surgical masks in metro stations

FLU PANIC: National Restaurants Chamber predicts April sales -15% y/y as flu-averse public shuns outings; street vendors report low traffic

FLU PANIC: Some press reports claim thousand deaths; Mexican authorities confirm 16 deaths and said 45 others were under investigation

FLU PANIC: WHO convenes experts to mull raising world pandemic flu alert from 3 to 4 - meaning sustained human infection of new virus strain

FLU PANIC: CDC dismisses Mexican press rumors that US seals border with Mexico; free transit remains in place; CDC may send team to Mexico

INEGI: Feb seasonally adjusted, annualized wholesales sales +10.24% v. -16.03% in Jan; annual trend rate -1.70%

INEGI: Feb seasonally adjusted, annualized retail sales -6.27% v. -4.46% in Jan; annual trend rate -5.02%

FLU PANIC: Press reports Mexico City orders all 'crowded' public events closed: cinema, concerts, museums; chains tell MW operating normally

Public flu panic spreads: school closures extend to new states; surgical masks, latex gloves sell out; Health Ministry issues general alert

Editorial Jornada: School Closures: Did the federal govt calculate the consequences of raising public alarm and provoking chaos for a flu?

Markets: Bolsa up 2.1% Fri in early trade at 22,282.279 v. 21,480.01 close Thu rose 1.63% Thu; 52-week range: 16,480.000 - 32,211.500

Markets: Peso opens flat +0.01% Fri at 13.2010/US$ at 48hr sell rate v. 13.1900 close Thu weakens -0.17% Thu; 52-wk range 9.831 - 15.608

Editorial Universal: The Catholic Church, conservative organization ProVida, the PAN, and the PRI have been effective in anti-abortion lobby

Business Reforma: Lack Of Competition Raises Internet Prices - Users pay up to 200% more in some states even when ISP is the same

Top Story Reforma: Classes Suspended - Federal govt made announcement at 11pm last night after emergency meeting of cabinet members

Top Story Jornada: For Flu, Classes Suspended in Federal District, State of Mexico - Health Ministry appeals for calm

Top Story Cronica: For Flu, Today Schools Closed In Mexico City Greater Metropolitan Area - Public told to avoid crowded places

Top Story Excelsior: School Suspended For Flu Epidemic - Federal govt orders public, private schools to close, cites 'respiratory epidemic'

Top Story Universal: Schools Closed For Flu - Federal District, State of Mexico suspend all classes due to flu epidemic that has killed 20

Top Story Financiero: Unachievable, Economic Goals Of Calderon - IMF forecasts, 6-year term will average 2% GDP growth/yr; govt hoped for 4%

23 April 2009

Trade: Deficit shrinks to US$341mln in March v. US$1.0bln in Feb. on seasonally adjusted, annualized basis; Q1 deficit of US$1.9bln up 14.7%

Trade: Capital goods imports -30.3% in March to US$2.6bln on seasonally adjusted, annualized basis

Trade: Intermediate imports -12.3% in March to US$13.5bln on seasonally adjusted, annualized basis

Trade: Consumer imports -43.2% in March to US$2.6bln on seasonally adjusted, annualized basis

Trade: Total imports -16.2% in March to US$18.9bln on seasonally adjusted, annualized basis

Trade: Manufactured goods exports -5.8% in March to US$15.3bln on seasonally adjusted, annualized basis

Trade: Petroleum exports -47.4% in March to US$1.8bln on seasonally adjusted, annualized basis

Trade: Non-petroleum exports -4.5% in March to US$16.1bln on seasonally adjusted, annualized basis

Trade: March exports -14.0% to US$17.8bln on seasonally adjusted, annualized basis

Banxico: Headline consumer inflation index up 0.14% in first-half Apr, annualized rate of 6.20% vs. 6.11% in second-half Mar

Banxico: Core inflation index up 0.18% in first-half Apr, annualized rate of 5.87% vs. 5.95% in second-half Mar

Markets: Bolsa up 0.8% Thu in early trade at 21,651.69 v. 21,480.01 close Wed; rose 1.24% Wed; 52-week range: 16,480.000-32,211.500

Markets: Peso opens softer -0.54% Thu at 13.2480/US$ at 48hr sell rate v. 13.1770 close Wed; gained 0.10% Wed; 52-wk range 9.831-15.608

Weekly Oil Report: Mexican crude US$45/barrel Apr. 22, -5.2% on week; Mar output -6.9% y/y to 2.7mln bpd; Mar exports -25.5% to 1.2mln bpd

Opinion Jornada: Economic Outlook Alarming - Govt response inadequate, slow, ignores small business and the poor

Opinion Universal: Mexico, Pederast Paradise - Why is Mexico the second-largest producer of child porn in the world? Because here it is easy

Business Universal: IMF Sees Mexico GDP Deterioration - IMF report includes huge downgrade for Mexico GDP forecast to -3.7%; worst in LatAm

Business Reforma: Two Delphi Mexico Plants Close - Auto recession, bankruptcy restructuring leads to 2 more closures; 2,500 jobs to go

Top Story Reforma: Calderon Bill Outlines Army Role - Proposes state of exception when domestic security at risk; could suspend civil rule

Top Story Universal: US Suggests Killing Narcos - Sec. of State Clinton urges need for "defeating, disarming, capturing, or killing" narcos

Top Story Economista: Employment Recovery Eludes - Mar unemployment rate fell to 4.76% v. consensus of 5.39%; but analysts say rate to rise

Top Story Financiero: Mexico, Among Hardest Hit By Crisis - IMF downgrades 2009 GDP forecast to -3.7% contraction from Jan outlook of -0.3%

Top Story Excelsior: Govt Wants To Keep Army In The Streets - Los Pinos sends bill to permit, regulate, armed forces in policing role

Top Story Jornada: Foreign Agents To Train 300 Crime Fighters - Police from US, France, Colombia, Israel to train Mexican police commanders

Top Story Cronica: International Network May Have Casitas Kids - Federal District says missing orphans may be in hands of global traffickers

Top Story Milenio: Hillary Proposes More US Aid To Mexico - Hillary Clinton advocates additional budget to 'eliminate' cartels, save Mexico

Economy: IMF says Mexico most affected nation in LatAm by global crisis; revises 2009 GDP forecast down to -3.7%, and 2010 up to modest 1.0%

Science: Senate passes bill to entitle academic researchers a share of up to 70% of royalties from products developed at universities

Health: Death toll from flu virus up to 20; Health Ministry says not an epidemic, but 'atypical' flu, urges special precautions

Grupo Modelo hikes domestic beer prices 4%; prices on imports it distributes up 6%: Budweiser, Bud Light, O'Doul's, Carlsberg, and Tsingtao

22 April 2009

Security: Los Pinos proposes bill to punish army deserters who join narco gangs with up to 60yrs in jail; 25k troops desert per yr on average

Inegi: Mar season. adjust. national open unemployment rate down to 4.65% v 4.88% in Feb; Mar urban unemployment fall to 5.68% v 6.00% in Feb

Markets: Bolsa up 1.5% Wed in early trade at 21,534.81 v. 21,216.94 close Tue; fell 1.72% Tue

Markets: Peso opens softer -0.19% Wed at 13.2150/US$ at 48hr sell rate v. 13.1900 close Tue; strengthened +1.51% Tue

Business Reforma: Pension Draws Up 50% - Unemployment withdrawals on Afore pension funds up 50% in first quarter y-o-y on higher allowances

Top Story Reforma: Flu Slams Federal District - Five die over weekend, over 200 hospitalized; public health system runs out of flu shots

Business Universal: Pemex Revenue Plunges - In first quarter Pemex oil sales fell 155.4% y-o-y due to lower prices, production

Top Story Universal: PRI, PAN Halt Fox Review - Debate, vote on public accounts from 2004-05 suspended in Congress in pre-electoral truce

Business Excelsior: OECD Criticizes Cost Of Elections - Says govt consumption spending to rise in election year; may bloat public deficit

Top Story Excelsior: Segob Offers Bishop Protection - Interior Ministry pledges security for priest that announced El Chapo lives in Durango

Business Milenio: Banxico places US$3.221bln To Back Company Debt - From Oct 2008 to present, central bank has spent US$22bln to defend peso

Top Story Milenio: Our Vocation Is Pastoral, Not Policing: Church - National Catholic assembly declares priests not engaged in intel work

Opinion Jornada: Neither Human Rights Nor State Vision - Disbandment of talks with EPR rebel group shows lack of govt will; reason to worry

Top Biz Story Jornada: Senate Approves Regulations Of Bank Interest Rates, Commissions - In 71-to-11 vote, grants central bank new oversight

Top Story Jornada: Not Govt Nor Priests Will Find Me: El Chapo - 2 military intel officers murdered with message from most-wanted drug lord

Top Biz Story Cronica: Swaps Placement Successful: Banxico - Central bank auctions US$3.221bln in US Fed Swaps; analysts skeptical of result

Top Story Cronica: Defiance Of GDF Feeds Impunity - Local and federal Human Rights Commissions decry Federal District Govt failure to comply

Top Story Financiero: Fiscal Adjustment Of 0.5% of GDP In 2010 - Amid lower growth and falling oil prices, fiscal gap may hit 0.5% of GDP

21 April 2009

Top Biz Story Reforma: Tax Man Nibbles At Savings - In 2008, investors suffered real-term losses, and also paid out 0.85% of outlays to govt

Top Story Reforma: Bishop 'Deaf And Mute' - 4 days after claiming top narco El Chapo lives in Durango, Bishop Gonzalez clams up to reporters

Top Biz Story Universal: Fed Resources Will Favor Peso - Central bank auction of Fed swap of up to US$4bln today will support peso strength

Top Story Universal: Army To Patrol Streets Thru 2013 - National security official says policing role to last at least through Calderon term

Top Story Excelsior: FinMin Suffers Setback In Injunction Bill - Lawmakers agree to postpone debate on legislation to reduce tax litigation

Top Story Economista: Doubts Persist Over Swap Auctions - First to be held today; intermediation from central bank to companies a mystery

Top Story Milenio: Church Rejects Special Protection From Narcos - Bishops acknowledge threats, say authorities must protect all citizens

Top Story Cronica: At least 11 Children Missing From Casitas Youth Shelters - The Mexico City human rights agency says govt just lost track

Top Story Jornada: Narcos Respect The Church: Bishop - Bishop Emilio Berlie says narcos respect priests, rejects need for special protection

20 April 2009

Top Biz Story Reforma: State Tax Revenue Seen Down 19% - Lower oil prices, consumption taxes will reduce state revenue by 19%, says FinMin

Top Story Reforma: IETU Hits Private Individuals - Just as with companies, the new IETU tax will hit self-employed, contractors hard in 2009

Top Story Economista: Bank of Mexico To Extend Credit - Bank of Mexico will use US$30bln swap with US Fed to finance firms starting today

Top Story Universal: Fake Drug Stores Online - Selling pharmaceuticals online has generated a black market; majority are pirate or expired

Top Story Excelsior: Tax Revenue -25%, Hitting States - Feb report on Public Finances shows state revenue -25.5% on average on oil, economy

Top Story Milenio: Narco Threatens Priests In 9 States: Church - Priests warned by gangs for denouncing drug sales; some are moved by church

Top Story Jornada: Climate Of Rapprochement At Summit Of Americas - Obama closes gap with LatAm leftist leaders; new era declared

Top Story Cronica: Summit Adopts United Front Against Narco - The 34 heads of state at the Summit of the Americas committed to fight drugs

19 April 2009

Top Story Reforma: Bishop Silenced - Claim that El Chapo lives in Durango censored in Durango press, nat'l press blocked from entering city

Top Story Universal: 18 Politicians Guide Country's Course - President, party, congress leaders set leaderships, candidates, national agenda

Top Story Jornada: 8 Feds Dies, Stymie Narco Rescue - Hit squad ambushes police convoy carrying top Beltran Leyva Cartel officer; feds repel

Top Story El Universal: Hitmen Try Prisoner Rescue - 8 agents die as police transport of powerful 'El Primo' gangster ambushed; rescue fails

Top Story Milenio: 60 Members Of 'The Family' Captured - Feds swoop in on Morelia baptism filled with narcos; arrest 60 of Michoacan gang

Top Story Cronica: Summit Ends With Renewal Of US-LatAm Relations - Obama admits he has much to learn y listen; pledges plan for closer ties

18 April 2009

Top Story Cronica: Obama Offers Cuba New Start - In response to offer from Raul Castro for talks, Obama calls for new start (corrects media)

Top Biz Story Reforma: Gasoline Taxed At Double Of US - Americans pay equivalent of 1.37 pesos per liter in gas taxes; Mexicans 2.73 pesos

Top Story Reforma: El Chapo Lives In Durango: Bishop - Drug lord Joaquin 'El Chapo' Guzman lives in Durango, says Bishop Hector Gonzalez

Top Story Universal: Cuba Embargo Has Failed: Obama - Summit of Americas kicks off with surprise Obama offer for Cuba reconciliation

Top Story Excelsior: Starting Over, Cuba And US - Obama offers new start for Cuba, policy changes for Latin America at Summit of Americas

Top Story Jornada: Unemployment Grows Faster Than Workforce Under Calderon - 731k new workers, 800k net new unemployed since December 06

Top Story Jornada: Obama Offers Cuba New Start - In response to offer from Raul Castro for talks, Obama calls for new beginning to relation

Top Story Milenio: Just 4% Trusts Pol Parties: Segob - Only 4% of population trusts political parties, according to Interior Ministry survey

17 April 2009

Inegi: Feb. IP Gas, Power, Water Sub-Index -24.6% seasonally adj., annualized; annual trend at -4.9%

Inegi: Feb. IP Mining Sub-Index -8.8% seasonally adj., annualized; annual trend at -1.0%

Inegi: Feb. IP Construction Sub-Index -8.5% seasonally adj., annualized; annual trend at -6.9%

Inegi: Feb. IP Manufacturing Sub-Index +16.5% seasonally adj., annualized; annual trend at -14.9%

Inegi: Feb. Industrial Production Index +4.8% seasonally adj., annualized; annual trend at -13.5%

Banxico Meet: Aggressive interest rate cut of 75bps to 6.00% on benchmark interbank overnight; says risks to growth outweigh inflation

Markets: Bolsa trading early up +4.5% Fri at 22,142.61 v. 21,952.40 close Thu; fell 3.07% Thu

Markets: Peso opens firmer +0.72% Fri at 13.0300 v. 13.1250 close Thu; strengthened +0.18% Thu

OBAMA VISIT: Although Obama, Calderon acknowledge shared responsibility, US agenda still differs from Mexican agenda (Economista editorial)

OBAMA VISIT: Change in US attitude, tone evident and welcome; but US foreign policy remains neocolonial, unilateral (Jornada Editorial)

OBAMA VISIT: Obama, Calderon opened a new era; recognize shared woes of narco, guns, immigration; could shorten long road (Excelsior column)

OBAMA VISIT: Calderon, Obama agree on importance of bilateral relationship, gun control; devil's in the details (El Universal Editorial)

OBAMA VISIT: Obama will work with Mexico; Calderon asks US Congress for gun control; Obama was a hit with Mexicans (Cronica column)

OBAMA VISIT: Change in US govt attitude palpable; new era; Obama gets diversity, tolerance; to be brother, not strict parent (Reforma Op-Ed)

Top Biz Reforma: Rate Rules Look Complex - Experts say bill for Banxico to regulate bank rates, fees, on verge of passage, a tricky task

Top Story Reforma: Land Prices Inflated 1500% - On potential refinery sites, Tula landowners want MXN3mln/hectare; mkt price was MXN200k

Top Story Excelsior: Agree To Halt Arms - Calderon calls for new partnership; Obama replies organized crime fight 'cannot be won one-handed'

Top Story Jornada: In Calderon-Obama Meet, Only Good Wishes - Calderon calls for US arms control; Obama to fight traffic, not change laws

Top Story Cronica: Obama Unites With Calderon In War On Drugs - Offered his counterpart to halt traffic of high-power weapons into Mexico

16 April 2009

Markets: Bolsa opens up 0.42% Thu at 20,520.49 v. 21,952.40 close Wed; fell -0.52% Wed

Markets: Peso opens firmer 0.79% Thu at 13.0450 v. 13.1493 close Wed; appreciated 0.07% Wed

OBAMA VISIT: Tensions float in air; no US ambassador to receive Obama in Mexico, new pick not blessed by Los Pinos (Reforma Column)

OBAMA VISIT: Diplomacy and politics are different than economy; hope for more US investment will be disappointed (Economista column)

OBAMA VISIT: Your presence awakens new hopes; chance for new relationship after Bush years, border wall (Universal Column)

OBAMA VISIT: Superstar status; Obama arrives with savior aura; overwhelms Mexican govt, which fails to develop positions (Jornada Column)

OBAMA VISIT: Welcome to country of killings; new ambassador stalled by Los Pinos; Obama focused on drugs; Mex on arms (Excelsior Opinion)

OBAMA VISIT: Focus on immigration, security, trade, but plans to revive Free Trade Area of Americas, Puebla-Panama Plan (Cronica Column)

OBAMA VISIT: Tensions float in air; no US Ambassador to receive president in Mexico as Garza on way out, new pick not blessed by Los Pinos

Top Biz Story Reforma: Public Pension Obligations Hit MXN13.8bln - Equal to 123% of GDP; federal, state employees, and other public systems

Top Story Reforma: 60 Businesses Close Daily - In just 5 months, more than 9k companies shuttered; 500k jobs lost worst on record

Top Story Excelsior: To Be 16 New DEA Centers On Border - US Dept. of Justice unveils new plan to fight drug cartel activity north of border

Top Story Universal: Years Of Progress At Risk: Obama; Says US has neglected relations with Americas, now economic crisis exposes that wrong

Top Story Jornada: For US, Mexico Is More Domestic Issue - Obama taking heat on drugs, migration, trade; national outweighs foreign policy

Top Story Cronica: Deputies Uninvited To Obama Event - Foreign Affairs Ministry snubs opposition deputy; Chamber votes to skip Obama dinner

Top Story The News: Still A Pressing Issue - Immigration to figure in Obama visit; activists seek agenda for immigration, trade, environment

Security: Feds seize extremely powerful .50-caliber Browning machine gun from narcos in Sonora; US weapon of war capable of piercing armor

15 April 2009

Markets: Bolsa up slightly +0.25% in early trade Wed at 21,974.12 v. 21,918.60 close Tue; gained 0.36% Tue

Markets: Peso opens weaker -0.27% Wed at 13.1950 v. 13.1590 close Tue; strengthened +0.35% Tue

OBAMA VISIT: US-Mex at crucial juncture; bilateral relationship should be among highest priorities (Reforma Op-Ed, US Ambassador Tony Garza)

OBAMA VISIT: The struggle of interests and complicity of the plutocracies of the neighbor countries will likely never end (Reforma Op-Ed)

OBAMA VISIT: Merida Initiative is move to integrate a neoliberal Mexico into NORAD (Jornada column)

OBAMA VISIT: Will US-Mexico reunion be glorious? 'Fraid not. Hopes for radical changes are, mostly, frankly impossible (Universal Op-Ed)

OBAMA VISIT: Forget starry eyed promises; visit in 1st place has to do with need to calm US voter fear of border violence (Universal Op-Ed)

OBAMA VISIT: We should demand total opening of border to Mexicans; to Mexican merchandise without quotas, permits, customs (Cronica column)

OBAMA VISIT: Polanco a bunker; 5k+ police; in Europe Obama met with public, youth; here to meet only with business, students (Economista)

Top Story Economista - Tula, Salamanca Take Pemex Prizes - Hidalgo wins US$9.1bln refinery, but Guanajuato refinery to get US$3.1bln upgrade

Top Story Universal: Refinery To Tula - Pemex gives state govt 100 days to come up with land for US$9.1bln project, or shifts to Guanajuato

Top Story Jornada: Cost of Annual Pemex Investment Debt Doubles - Debit grew from MXN1.6tln in 2002 to MXN2.3tln end of 2008; +43% nominal

Top Story Excelsior: Mayors Demand Action Against Narcos - But Interior Minister Gomez Mont warns them military presence is temporary

Top Story Cronica: Tula Tentatively Wins Refinery - Pemex says Tula, Hidalgo will be site of US$9.1bln refinery if state can secure land

Bilateral: US Homeland Security Secretary Janet Napolitano expected to name former Justice Dept Border Czar Alan Bersin to similar post Wed

Energy: Pemex selects refinery site; Tula, Hidalgo beats out only other finalist, Guanajuato; will spend US$9.1bln over 4 yrs; online 2015

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14 April 2009

Inegi: Jan gross fixed investment construction sub-index +13.9% seasonally adj., annualized; annual trend -7.4%

Inegi: Jan gross fixed investment indicator -55.5% seasonally adj., annualized; annual trend -17.6%

Banxico: Foreign reserves at US$77.984bln Apr 8 v. US$78.401bln Apr 3

Markets: Bolsa opens down -1.16% Tue at 21,585.82 v. 21,838.96 close Mon; gained 6.37% Mon

Markets: Peso opens firmer +x0.16% Tue at 13.0927 v. 13.1135 close Mon; strengthened +1.99% Mon

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OBAMA VISIT: Obama lacks interest in LatAm, but is a fast learner; remains to be seen if, finally, US takes us seriously (Reforma editorial)

OBAMA VISIT: Welcome Obama, there are high hopes for your visit; we must use time well without letting emotions rule (Unviersal editorial)

OBAMA VISIT: Don't exaggerate Obama's vision for Mexico; not a priority; recession cancels immigration reform (Excelsior editorial)

OBAMA VISIT: On control of weapons flow to Mexico, important to remember 2nd amendment will block real change (Cronica editorial)

Top Biz Story Reforma: Peso, Stocks Shoot Up - On Mon stocks gain 6.4% and peso at strongest level since Dec on US Fed swaps, IMF credit

Top Story Reforma: Govt Pays Luxury Rents - Of MXN52mln fed govt pays in rent per month, near 25% goes to just 5 bldgs in luxury corridors

Top Story Economista: Congress Halts Unemployment Plan - Afore-based unemployment insurance bill from govt shelved amid electoral static

Top Story Universal: Mexico Waits As GM Nears Bankruptcy - Mexican govt mum on potential fallout for 11k direct, 40k indirect local jobs

Top Story Excelsior: MXN40bln At Risk - FinMin will have to return that sum if thousands of tax injunctions against fiscal reforms win out

Top Story Jornada: Calderon Celebrates 'Rescue' Of 4k Jobs - Job losses revert to modest net gain in Mar; president sees signs of recovery

Top Story Cronica: Narcos Propose 'Security Strategy' To Candidates - Offer to control local crime in exchange for 'hands-off' policy

Federal Institute of Information Access votes commissioner Jacqueline Peschard new president; replaces Alonso Lujambio who goes to Ed. Min.

Labor: National Mining and Metal Workers Union blocks major Lazaro Cardenas port; cite solidarity for striking Cananea copper mine workers

Energy: Pemex to announce Tue noon hotly contested site for new multi-billion dollar refinery; reportedly narrowed to Guanajuato, Hidalgo

OBAMA VISIT: To arrive at Los Pinos at 130pm Thu; private committee meets, then 30min private Obama, Calderon huddle: press conf. @ 335pm

13 April 2009

Markets: Bolsa opens up +1.44% Mon at 20,826.45 v. 20,530.63 close Wed; last Thu, Fri mkt holidays

Markets: Peso opens firmer Mon at 13.1724 v. 13.3800 close Wed; +1.72%; weakened -0.77% Tue; last Thu, Fri mkt holidays

Top Story Reforma: Currency Policy Operates In Secret - Banxico board meetings opaque; PAN senators push reform for board to publish minutes

Top Story Universal: Soccer Teams Evade Tax: FinMin - Tax authorities say soccer teams, other firms illegally register as co-op businesses

Top Story Economista: Congress Fails To Meet Anti-Crisis Commitments - None of 10 urgent countercyclical measures pledged have been enacted

Top Story Excelsior: Private Debate Exceeds Public - External debt of private sector equals 51% of Mexico's foreign obligations; 12% of GDP

Top Story Cronica: Means To Corrupt, Kill Come From US: Sarukhan - Ambassador to US says must stop flow of cash, arms from US to Mexico

Top Story Jornada: Calderon Raised Debt By Nearly MXN1tln - Public debt up MXN968bln in first two years, twice rise of Fox's first two years

12 April 2009

Cover Story Enfoque Magazine: Error, Limit Talks To Security - 2 ex-ambassadors say in Obama visit this week, Calderon should broaden agenda

Reforma: Halt To Diesel Price Increases Demanded - PRI and PRD lawmakers warn hikes hurt economy, households; exhort govt to freeze prices

Top Story Reforma: Street Merchants Storm Police Station - At least 15 attack Federal District station to free 6; repelled by cops; 1 killed

Top Story Universal: Halting Flow Of Arms, Priority For Mexico - Top foreign policy issue with US to be stopping traffic of weapons from US

Top Story Jornada: 610 Minors Dead In War On Drugs - Thru Mar 2009, 110 caught in crossfire, 73 executed, 427 died in battle, 3,600 orphaned

Top Story Excelsior: PAN To Deploy Female Army - Female activists to initiate door-to-door electoral campaigning in May

Top Story Cronica: Cutzamala System On Verge Of Collapse - Federal District's largest reservoir network has problems in all dams; could fail

11 April 2009

Mexico City: Cutzamala water supply system to be reopened Sunday evening; may take until Wed for 100% normalization

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Top Story Reforma: Diesel Outstrips Gas - Price of diesel (MXN7.72/L) higher than unleaded gas (MXN7.73/L) in Apr for first time in history

Top Story Universal: Counternarcotic Social Weapon Deployed - 'Urban Opportunities' program MXN2.3bln in aid in cities w/high narco violence

Top Story Jornada: Fox Admin. Worst Results In 18yrs: ASF - Superior Federal Auditor tells Congress GDP grew mere 2.3%/yr, joblessness worse

Top Story Cronica: PAN To Maintain Campaign Of Contrasts - Party leader German Martinez warns PRI confrontational electoral campaign to come

Top Story Excelsior: 158 Municipal Officials Have Been Executed - Fri. Kill of Guadalajara police commander brings number to 158 since 2008

10 April 2009

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Markets: Fri 10 official bank, market holiday for Good Friday

Top Political Story Reforma: Opposition Attacks Calderon Activisim - Opposition lawmakers condemn president's campaigning on behalf of PAN

Top Biz Story Reforma: Exports To US -30% - Feb fall breaks all records; exports down and Mexican share of US global imports reduced

Top Story Reforma: Internet Fails Acid Test - Mexico has slowest, most expensive service among OECD nations; Telmex claims 70% of ISP market

Top Biz Story Jornada: US$1.5bln World Bank Credit For Oportunidades - World Bank authorized credit line for federal anti-poverty program

Top Story Jornada: Evo Morales Starts Hunger Strike - Bolivian president demands Congress approve electoral law to hold vote in December

Top Story Universal: Fraudulent Visa Applications - US Embassy says 'consultants' charge up to MXN18,000, warns claims of visa success false

Top Story Cronica: Water Restored 100% Next Wed - 400 Federal District neighborhoods to remain dry till next Wed; limited releases begin Mon

Top Story Excelsior: Shootout In Fresnillo Kills Zeta Chief - Feds clash with Gulf Cartel, kill former Guatemalan Kaibil elite Israell Nava

09 April 2009

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Markets: Thu 9 and Fri 10 official bank, market holidays for Maundy Thursday, Good Friday; 16.36 mln Mexican will travel, -2.3% v. 2008

Top Biz Story Reforma: No Rules For Cellular Control - Natl Mobile Telephony Users Registry takes effect tomorrow; regulations still lacking

Top Story Reforma: GDF Cuts Budget 5% - Federal District govt warns more revenue drops could hit public works, social programs; MXN3bln cut

Top Story Cronica: Medina Mora Calls On US To Ban Assault Weapons - Federal attorney general asks US to seek to prohibit assault rifles

Top Story Excelsior: He's Gone - Lottery Director Miguel Jimenez steps down 'temporarily' amid bribery charges on behalf of PAN candidate

Top Story Universal: Water Cut Starts Today, Reservoirs Are Dry - Despite rationing in Feb, Mar, El Bosque dam near operational minimum

Top Biz Story Jornada: Tortilla Prices Rise 50 Centavos In 1yr In Supermarket - Ave. rise of 50 centavos, up to MXN 1.33 pesos in some areas

Top Story Jornada: Calderon Assumed Office Thanks To Us: PRI - Calls on PAN to recall PRI support for Calderon during post-electoral chaos

08 April 2009

Markets: Peso opens firmer Wed at 13.3850 v. 13.4830 close Tue; +0.73%; firmed +0.97% Tue

Markets: Bolsa opens down slightly -0.03% Wed at 20,618.13 v. 20,623.420 close Tue; turns up +0.16% in early trade; fell -0.88% Tue

Top Story Universal: PAN Nabs PRI Union Leader - IMSS labor boss was PRI deputy candidate; lured away by PAN with high list ranking

Top Story Cronica: More Water Cuts Mulled - If low rainfall levels continue, more supply cuts will be needed, National Water Commission says

Top Biz Reforma: Banks Publish Out-Of-Date APR - Public credit card APR info old; rates have not come down despite central bank reductions

Top Story Reforma: Farming Policy Criticized - Producers, analysts says Agricultural Ministry policies lack consistency, continuity, results

Top Story Excelsior: PAN Adopts Corporatist Tactics, Steals PRI Candidate - IMSS union boss accepts PAN candidacy; list rank guarantees seat

Top Story Economista: Drop In Inflation Gives Banxico Margin - Drop in inflation in Mar means Banxico can continue to lower interest rates

Top Story Jornada: Federal Govt And Fed. District Govt (GDF) At War Over Water - GDF says supply cut by Nat'l H2O Commission political ploy

07 April 2009

Washington Post: US officials admit only $7 million of $1.4bln Mexico aid package has been spent - mostly on administration and planning

Congress: Train Robberies On Rise - Food main target; in 2008 ave. monthly loss of 35 tons of maize, in 2009 YTD monthly ave. of 700 tons

Health: President Calderon launches 30min/day exercise health campaign; says Mexico has highest proportion of obese children in world

INEGI: Leading Composite Index -0.8% in Jan v. -3.1% in Dec; forward-looking indicator of biz cycle strings together 8 months of decline

INEGI: Current Composite Index -3.7% in Jan v. -1.9% in Dec; broad measure of business cycle strings together six months of decline

Banxico: Core inflation index up 0.55% in Mar, annualized rate of 5.83% vs. 5.78% in Feb.

Banxico: Consumer price index up 0.58% in Mar, annualized rate of 6.04% v. 6.20% in Feb

Banxico: Foreign reserves at US$78.401bln as of Apr 3; down from US$78.856bln on Mar 31

Markets: Bolsa opens down -1.4% Tue at 20,520.49 v. 20,807.21 close Mon; fell -0.60% Mon

Markets COREX: Peso opens weaker Tue at 13.7250 v. 13.6150 close Mon; -0.81%; softened 0.35% Mon

Markets: Peso opens weaker Tue at 13.7250 v. 13.6150 close Mon; -0.35%; softened 0.35% Mon

Top Biz Reforma: Banxico Hands Money To Govt - Due to dollar rise, govt to gain MXN60bln pesos in extraordinary income from central bank

Top Story Jornada: Mayor Ebrard - Capital In Water Emergency; repairs at Cutzamala reservoir to cut liquid totally Apr 9-15

Top Story Universal: Water Cut For 6 Days, 337 Neighborhoods - From Thu 9 to Wed 15, capital water supply to be turned off; 700,000 affected

Top Story Cronica: Lujambio Vows To Maintain Alliance For Education - New education minister vows to continue public school reform program

Top Story Economista: Crisis In Mexico Yet To Hit Bottom - Mexican economy in deep recession across all sectors: IMEF report on business

Top Story Excelsior: German Demands Explanation For Lottery Case - PAN president repudiates alleged bribery by lottery director to back PAN

06 April 2009

Politics: Calderon announces education minister: Alonso Lujambio, freedom-of-info agency head; Josefina Vazquez had quit to run for deputy

Markets: Peso closes weaker Mon at 13.6150/US$ 48hr sell-rate v. 13.5800 at open; -0.35% for day

Inegi: Consumer Confidence Sub-Index--possibility of buying a big-ticket item--for Mar at 58.1 v. 55.8 in Feb seasonally adjusted (2003=100)

Inegi: Consumer Confidence Sub-Index--state of national economy v. 1yr ago--for Mar at 77.7 v. 78.8 in Feb seasonally adjusted (2003=100)

Inegi: Consumer Confidence Sub-Index--state of national economy yr from now--for Mar at 85.5 v. 83.5 in Feb seasonally adjusted (2003=100)

Inegi: Consumer Confidence Sub-Index--state of household welfare v. 1yr ago--for Mar at 87.7 v. 89.9 in Feb seasonally adjusted (2003=100)

Inegi: Consumer Confidence Sub-Index--state of household welfare yr from now--for Mar at 91.1 v. 91.4 in Feb seasonally adjusted (2003=100)

COREX: Headline Consumer Confidence Index for Mar at 78.0 v. 79.9 in Feb seasonally adjusted (2003=100); annual trend at -20.3%; record low

Inegi: Headline Consumer Confidence Index for Mar at 78.0 v. 79.9 in Feb seasonally adj. (2003=100); annual trend at +/-20.3%; record low

Markets: Peso opens weaker Mon at 13.5800 v. 13.5675 close Fri; -0.22%; firmed 1.27% Fri

Markets: Bolsa opens down Mon at 20,798.54 v. 20,933.78 close Fri; -0.65%; gained 1.8% Fri

Top Biz Story Reforma: Travel Less, Spend More - This Holy Week fewer Mexicans projected to travel, but total spending seen up 5.4% nominal

Top Story Reforma: GDF Opens Way For Line 12 - Fed Dist govt will cross 87 private properties to build subway line 12; has MXN120mln to buy

Top Story Universal: Crisis Inhibits Tourism - For DF residents, Holy Week vacations will be briefer, more modest, and often spent in city

Top Story Economista: Greater Armor Against Crisis - Aside from US$77bln in new war chest funds, govt has MXN208bln pesos in budget cushion

Top Story Cronica: 15 Children Rescued From Orphanage - In Hidalgo, police seize orphanage; say kids held illegally, against their will

Top Story Jornada: Change In SEP Opens Door To Ultra-Right - As education minister resigns, some say secular education exposed to danger

Top Story Excelsior: PRD Demands Lottery Stops Advertising - Amid electoral-bribery scandal, party asks IFE to halt National Lottery ads

05 April 2009

Top Story Excelsior: Deputies To Investigate Director Of National Lottery - Committee heads to Campeche to plumb electoral bribery charges

Top Story Cronica: GDF Punishes Iztapalapa; Neither Water Nor Beaches - Fed District govt to suspend water for 3 days to huge delegation

Top Story Reforma: Kidnappings On The Rise - Three people per day reported kidnapped in 2008; almost the double of average of previous 6yrs

Top Story Jornada: Vazquez Mota Leaves SEP; Calderon Backs Her For San Lazaro - To head campaign for new PAN majority in Chamber of Deputies

Top Story Universal: Calderon Begins Fight For Congress - Accepts resignation of Education Minister Josefina Vazquez to run for fed deputy

Top Story Universal: Calderon Begins Fight For Congress - President says needs support of Congress; implicitly lobbying for PAN candidates

04 April 2009

Top Story Excelsior: PGR Opens Inquiry Into Lottery - Feds to investigate if Lottery head offered bribe in favor of PAN Campeche candidate

Top Story Cronica: Mexico, US Form Migration Group - Mexico and US agreed to form a High-Level Migration Group for deportation reform

Top Story Jornada: More Security At 6 Border Points - Calderon, Napolitana meet, Calderon proposes modernizing security at 6 crossings

Top Story Universal: US Promises Humane Deportation - Mexico and US signs 30 accords for 'orderly and humanitarian' repatriation of migrants

Top Biz Story Reforma: Banxico To Provide US$ To Companies - First $US4bln from US$30bln US Fed swap to be auctioned Apr 21 among banks

Top Story Reforma: Tap Closed For Federal District - The Cutzamala reservoir will be shut off completely Apr 9-11; supplies 30% of DF water

03 April 2009

Markets: Peso opens weaker Fri at 13.7850 v. 13.7420 close Thu; -0.1%; gained 1.4% yesterday

Markets: Bolsa opens up Fri at 20,629.05 v. 20,562.59 close Thu; +0.3%; gained 3.4% yesterday

Top Story Excelsior: Calls To Abolish Lottery - Lawmakers condemn bribery after lottery director offers MXN6mln to back PAN candidate

Top Story Cronica: US Admits Collusion With Narco, Like Mexico - Mexican cartels operate in 230 US cities; US says corrupt officials aiding

Top Story Jornada: With Trillion Dollars, G20 Will Cool Off Crisis - IMF to distribute funds; end of Washington Consensus, says Gordon Brown

Top Story Economista: Peso Recovers - The financial war chest announced by Mexico, G20 agreements firm peso to regain ground lost YTD 2009

Top Biz Story Universal: Industrial Production To Fall 20% In 2009 - Confederation of Industrial Chambers says IP off 20% YTD

Top Story Universal: Crisis Unites World; Historic Rescue - G20 nations agree to inject more than US$trillion, reform global finance system

Top Reforma Biz Story: Construction Lacks Investment - US$2.5bln shortfall as investors seek bargains in US, cancel local developments

Top Story Reforma: Water Supply Endangered - Reservoirs at 48%; shortage of potable water looms for Mexico City; supply reductions mulled

02 April 2009

Inegi: Producers Confidence Index up slightly to 34.6pts in Mar from 33.9pts in Feb; score below 50 indicates sector generally contracting

Inegi: Manufacturing Orders Index (IPM) up to 43.9pts in Mar from 41.2pts in Feb; score below 50 indicates sector generally contracting

Markets: Peso opens stronger Thu; 13.8490 v. 13.9325 close Wed; +0.6%

Markets: Bolsa opens up Thu at 20,200.32 v. 19,880.37 close Wed; +1.61%

Top Story Jornada: Banxico Will Have US$157bln War Chest - "Better to be prepared for the worst," says central bank Gov. Guillermo Ortiz

Top Story Cronica: Banxico To Tap US$30bln To Prop Up Companies - Central bank to tap US$30bln swaps offered by US Fed to auction via banks

Top Story Excelsior: Natl Lottery Intervenes In Elections - Lottery director offers MXN6mln to newspaper to back PAN Campeche gov candidate

Top Story Universal - US$157bln War Chest Firms Peso - US$47bln credit from IMF, plus US$80bln in reserves and US$30bln from US Fed Reserve

Top Story Economista: 2010 Budget Troubles - Govt faces MXN167.4bln peso shortfall to maintain 2009 spending on lower oil production, prices

Top Biz Story Reforma: Peso Firms Past 14 For IMF Credit - News that govt will tap US$47bln IMF line of credit firmed up peso to 13.91/US$

Top Story Reforma: Son Of Amado Carrillo Captured - Army, PGR arrests Vicente Carrillo Leyva, son of legendary "Lord of the Skies" narco

01 April 2009

Banxico: Apr consensus 2009 year-end peso forecast rises to 14.25/US$ from 14.10/US$ in Mar

Banxico: Apr consensus 2009 inflation forecast rises to 4.25% from 4.05% in Mar

Banxico: Apr consensus 2009 GDP forecast falls to -3.32% from -1.92% in Mar

Markets: Peso opens stronger Wed; 14.1000 v. 14.2100 close Tue; +0.7%

Markets: Bolsa opens down slightly Wed at 19,486.36 v. 19,626.75 close Tue; -0.72%

Top Story Excelsior: PRI Sues PAN For Dirty Campaign - PRI asks IFE to sanction PAN for word puzzle on PRI with words like Narco and Corrupt

Top Story Cronica: Calderon Seeks Joint US Military Exercises - President asks Senate for Mexican participation in UNITAS naval exercises

Top Story Jornada: Lawmakers Approve Salary Caps - Lower-house votes: No public servant could earn more than the president; goes to Senate

Top Story Universal: Vatican To Investigate Legion Of Christ - Catholic congregation, one of world's fastest-growing, faces apostolic visit

Top Story Economista: IMF To Strengthen Mexico Foreign Reserves - Mexico will activate line of credit for up to US$40bln from IMF: Calderon

Top Biz Story Reforma: Calderon Seeks US$40bln - President will activate line of credit with IMF as public finances deteriorate

Top Story Reforma: Zetas-PRD Traffic Gasoline - Two leaders of PRD arrested for tapping Pemex pipelines to steal gasoline; linked to Zetas