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.
06 December 2009
Top Story Universal: Businesses Charge Military Extortion - Crime, killings so far out of control, protection extortion by military rumored
Top Story Jornada: PRI, PAN Prepare To Privatize Public Services - Parties poised to pass private-public JV bill; PRD says would privatize
Top Story Reforma: States Reject Federal Police - More than half of governors polled by Reforma refuse to disband municipal police for feds
Top Story Excelsior: Mexico Leads In IACHR - For first time in history, country registered most human rights complaints with OAS Commission
Top Story Cronica: Alliances With PRI, PAN Divides PRD - At national party summit, New Left left multipartisan overtures irks rival factions
Top Story Milenio: Chuchos PRD Faction Declares Open To Alliances, Even With PRI Or PAN - Rival factions object to multipartisan deals
05 December 2009
Mexico Watch/latinintel.com is fighting a lawsuit brought by Intel Corporation; please read more at http://intel4intelligence.blogspot.com
Mexico Watch/latinintel.com is fighting a lawsuit brought by Intel Corporation; please read more at http://intel4intelligence.blogspot.com
Mexico Watch/latinintel.com is fighting a lawsuit brought by Intel Corporation; please read more at http://intel4intelligence.blogspot.com
NOTE: Our Mexico Watch newsletter archives http://www.latinintel.com are currently down due to hacker attacks; we are moving to a new host
NOTE: Our blog http://mexicowatchblog.latinintel.com/mexicointel.html is currently down due to hacker attacks; we are moving to a new host
Markets: Stocks: Bellwether IPC index closes week at 32,105.39, a gain of 4.3% from previous Fri close of 30,775.45
Markets: FX: Peso ends week at benchmark 48hr interbank sell-rate of 12.6830, 2.0% stronger than previous Fri close of 12.9400
Top Story Universal: All Influenza Now A/H1N1: WHO - Swine flu has crowded out seasonal flu, 99.9% of influenza cases are A/H1N1 now
Top Story Jornada: Narco Keeps Monterrey In Check - Narco gang assaults holding facility while in nearby city Zetas clash with police
Top Biz Story Jornada: Bank credit contracts 3% in Oct - Business loans -3% y/y, first negative result in commercial lending since May 2004
Top Story Reforma: General's Killer Dies In Shootout - Zetas, Cops Clash In Juarez; 12 narcos dead, including suspect in recent execution
Top Biz Story Reforma: Banks Asked For Transparency - Central bank seeking for broader disclosure requirements from bank in finance reports
Top Story Milenio: SME To Meet With Mediators On Mon - Electric Workers Union to agree on terms of negotiations w/govt over closure of LFC
Top Story Excelsior: Commando Frees 23 Prisoners - Heavily armed gang bursts into Nuevo Leon pre-trial holding facility, kills 2 guards
04 December 2009
Inegi: Headline Consumer Confidence Index -0.2% in Nov to 79.4 (2003=100) on month-to-month, seasonally adjusted basis
Inegi: Consumer Confidence Sub-Index on durable goods purchases -2.2% in Nov to 55.1 (203=100) on month-to-month, seasonally adjusted basis
Inegi: Consumer Confidence Sub-Index for future of economy +0.7% in Nov to 88.6 (2003=100) on a month-to-month, seasonally adjusted basis
Inegi: Consumer Confidence Sub-Index for national economy +1.0% in Nov to 74.1 (2003=100) on a month-to-month, seasonally adjusted basis
Inegi: Consumer Confidence Sub-Index for household future -0.1% in Nov to 92.8 (2003=100) on a month-to-month, seasonally adjusted basis
Inegi: Consumer Confidence Sub-Index for household welfare -0.1% in Nov to 85.0 (2003=100) on a month-to-month, seasonally adjusted basis
Inegi: Headline Consumer Confidence Index -0.2% in Nov to 79.4 (2003=100) on a month-to-month, seasonally adjusted basis
Editorial Universal: National PRD summit this weekend will only expose internal fractures; major figures will skip meet by an imploding left
Top Story Universal: Slave Ring Smashed - Iztapalapa factory worked by 107 slaves; Mexico City police implicated in capture, imprisonment
Top Story Jornada: Narro May Mediate Between Govt, SME - Dean of UNAM university, Jose Narro, agrees to facilitate talks on LFC closure
Top Story Reforma: Extortionists Use Banking System - Operation to combat telephone extortion locates 4,600 deposit accounts used by crooks
Top Biz Story Reforma: Mortgage Defaults Spike During Crisis - During Jan-Oct, bad housing loan portfolio grew 46% in real terms nationwide
Top Story Financiero: Business & Congress Working On Fiscal Reform - Both tabling new proposals after 2010 tax code rankles private sector
Top Story Economista: Los Pinos Mum On Central Bank Governor - President keeping nominee name under wraps until Dec. 14 deadline
Top Story Cronica: Mexico City Assembly PRD Files To Remove Juanito - Left wing of party joins with Labor Party to ban Iztapalapa delegate
Top Story Milenio: 107 Slaves Freed In Fed District - Iztapalapa rehab center was front for factory that enslaved addicts & indigenous labor
Top Story Excelsior: 4,600 Bank Accts Used For Extortion - In 2yrs of anti-telephone extortion program, 4,600+ blackmail accounts uncovered
03 December 2009
Mexican Institute of Finance Executives manufacturing index snaps 5mos of gains; scores 52.6 in Nov v. 52.7 in Oct; >50 indicates growth
Editorial Universal: Mexico is not a failed state -- at the federal level; but many municipalities are corrupt, poorly run, and insecure
Top Story Universal: Narcos Going For Elections: Calderon - President says drug cartels are financing municipal candidacies in power grab
Editorial Jornada: The talks between Los Pinos and the SME do not look promising; Calderon Administration has proven anti-union and hardline
Top Biz Story Jornada: In 2009 425k Jobs Wiped Out By Crisis: Ortiz - Central bank governor says job creation in 2010 will not replace all
Top Story Reforma: Governors Enjoy Opacity - Only 7 of 32 states have laws to track, punish misuse of federal funds sent to state coffers
Top Biz Story Reforma: Ortiz Says 'Satisfied' With Record - Though ready to serve another term, if replaced Banxico governor proud of record
Top Story Financiero: Inflation Target Out Of Reach - Tax code changes, 'possible' public rate hikes push back 3% inflation goal to 2011
Top Story Economista: I Will Remain In Post If Asked: Ortiz - Central bank governor willing to serve another 6yr term if appointed, approved
Top Story Excelsior: Inflation To Be Higher: Banxico: Central bank says inflation rate to rise to 4.75% to 5.25% on new taxes in 2010 code
Top Story Cronica: PRI Proposes Committee To Regulate Nat'l ID Card - Party wants legislative body to oversee subcontracting, database use
Top Story Milenio: Govt Ministry To Call For 5 'Notables' - Seeking neutral mediators for talks with Mexican Electric Workers Union (SME)
02 December 2009
Banxico: Remittances fell 36% to US$1.69bln in Oct from US$2.64bln in the same month last year; also down from US$1.74bln in Sep 09
Banxico: Nov consensus survey reveals forecast of -7.02% annual GDP variation for 2009, v. -7.15% in Oct; 2.93% in 2010, v. 2.94% in Oct
Banxico: Nov consensus survey reveals forecast of 13.16 peso/US$ exchange rate 2009, v. 13.31 in Oct; 13.22 in 2010, v. 13.29 in Oct
Banxico: Nov consensus survey reveals forecast of 4.52% 28-day Cetes interest rate for 2009, v. 4.54% in Oct; 5.61% in 2010, v. 5.68% in Oct
Banxico: Nov consensus survey reveals forecast of 4.02% inflation rate for 2009, v. 4.23% in Oct; 4.86% in 2010, v. 4.54% in Oct
Inegi: Nov Producer Confidence Index -0.63% from Oct (unadjusted) to 39.4; <50 indicates sector is generally contracting
Inegi: Nov Manufacturing Orders Index (IPM) up 0.88% from Sep to 50.1 on seasonally adjusted basis; score >50 indicates sector is expanding
Markets: Stocks: Bellwether IPC Index up 1.14% on day to close at 32,111.79 points; volume of 237,542,136 shares traded
Banxico: Credit to non-banking private sector -1.6% in Sep y/y in real terms; mortgages +3.2%, biz loans +4.0%, consumer credit -21.7%
Markets: FX: Currency gains 1.0% on day to close benchmark 48hr interbank sell-rate at 12.7575 pesos/US$
Editorial Universal: Controversial federal witness protection program to root out corruption just got more controversial with Tue's slaying
Top Story Universal: PGR's Deep Throat Killed - Key corruption protected witness for Attorney General Office slain at Mexico City Starbucks
Top Story Jornada: Ebrard Says 2010 To Be Difficult Economy For Federal District - Says MXN128bln city budget to prioritize social needs
Top Story Reforma: PGR Loses Another Witness - Tlaxcala prosecutor and protected witness for "Operation Cleanup" gunned down in Mexico City
Top Biz Story Reforma: Chinese Pressure With Tech - Low-value Chinese goods in Mexican market climbing value chain to more high-tech goods
Top Story Excelsior: Tax Plan To Increase Joblessness - Firms unprepared for consolidation obligations in 2010 tax code; mass firings seen
Top Story Financiero: Publicly Traded Firms Defer MXN178bln In Taxes - As of Q3, 30 largest firms had tax debts equal to 40% of ISR and IETU