Mexico Watch Intelligence Service
The leading intelligence blog for analysis on business, politics, finance, and the economy for Mexico. Thousands of diplomats, analysts, investors, government officials and top executives with responsibilities - direct or otherwise - relied upon the Mexico Watch Intelligence Service for nearly 20 years. Publication of that service was suspended in 2009, but this blog remains in publication and free to read. Contact us for information on our research and consulting services.
30 April 2009
29 April 2009
28 April 2009
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
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: 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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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: Manufactured goods exports -5.8% in March to US$15.3bln on seasonally adjusted, annualized basis
Banxico: Headline consumer inflation index up 0.14% in first-half Apr, annualized rate of 6.20% vs. 6.11% in second-half Mar
Banxico: Core inflation index up 0.18% in first-half Apr, annualized rate of 5.87% vs. 5.95% in second-half Mar
Markets: Bolsa up 0.8% Thu in early trade at 21,651.69 v. 21,480.01 close Wed; rose 1.24% Wed; 52-week range: 16,480.000-32,211.500
Markets: Peso opens softer -0.54% Thu at 13.2480/US$ 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: 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%
Banxico Meet: Aggressive interest rate cut of 75bps to 6.00% on benchmark interbank overnight; says risks to growth outweigh inflation
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
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
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: 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
14 April 2009
Inegi: Jan gross fixed investment construction sub-index +13.9% seasonally adj., annualized; annual trend -7.4%
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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: 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
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
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
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: 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
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
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
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$30bln US Fed swap to be auctioned Apr 21 among banks
Top Story Reforma: Tap Closed For Federal District - The Cutzamala reservoir will be shut off completely Apr 9-11; supplies 30% of DF water
03 April 2009
Top Story Excelsior: Calls To Abolish Lottery - Lawmakers condemn bribery after lottery director offers MXN6mln to back PAN candidate
Top Story Cronica: US Admits Collusion With Narco, Like Mexico - Mexican cartels operate in 230 US cities; US says corrupt officials aiding
Top Story Jornada: With Trillion Dollars, G20 Will Cool Off Crisis - IMF to distribute funds; end of Washington Consensus, says Gordon Brown
Top Story Economista: Peso Recovers - The financial war chest announced by Mexico, G20 agreements firm peso to regain ground lost YTD 2009
Top Biz Story Universal: Industrial Production To Fall 20% In 2009 - Confederation of Industrial Chambers says IP off 20% YTD
Top Story Universal: Crisis Unites World; Historic Rescue - G20 nations agree to inject more than US$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
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
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