30 April 2010

BANXICO: Central bank reports US$4.8bln in remittances in Q110, -12% y/y v. US$5.5bln Q109; statement says rate of 1yr decline is slowing

INEGI: Value of construction put in place in Feb -0.38% from Jan on seasonally adjusted, m/m basis; 4th straight monthly decline

Top Story Universal: 20mln Children In Poverty - UNICEF reports that at least 20mln Mexican children live in poverty

Top Story Jornada: Narcos Melting Into Social Bases - Narcotrafficking gangs transforming relationship with society; could raise new threats

Top Story Reforma: Espionage Scandal Grips SCT - Federal Communications Commission confirms that former SCT head Tellez's phone was tapped

Top Biz Story Reforma: Maquila Awaits Boost - Aerospace firms and maquiladoras see Mexican Space Agency (AEXA) sparking new demand thrusters

Top Story Economista: Competition Courts Approved - Congress on verge of approving antitrust reform to stiffen penalties and procedures

Top Story Financiero: A Lost Decade; Go To Plan B - Mexico lost ground to other global economies in past 10yrs; govt eyes new growth model

Top Story Milenio: Half Of US Support Migrant-Hunting Law: Gallup - 51% of US in favor of criminalization of undocumented aliens in Arizona

Top Story Cronica: Nightclubs To Stay Open Till 5am - Federal District Assembly votes to permit nightclubs operate until 5am, with caveats

BANXICO: Bank financing (inc credit cards) to the private sector fell 5.1% y/y in real terms in Mar; consumer credit led decline, off 18.1%

29 April 2010

INEGI: Manufacturing: Seasonally adj. factory headcount index 81.12 in Dec v. 82.18 in Nov; -14.5% on annualized basis; -9.0% annual trend

INEGI: Manufacturing: Seasonally adjusted work-hours index 81.08 in Dec v. 83.10 in Nov; -25.6% on annualized basis; -5.5% annual trend

Top Story Universal: Rectors To FCH: Bullets Not Enough - University rectors call on President Calderon to amend counternarcotics strategy

Top Story Jornada: More Deaths Feared After Paramilitary Attack In Oaxaca - Aid convoy attacked by commando; Mexican, Fin dead; more missing

Top Story Reforma: PGR Investigates Oaxaca Espionage - Fed Attorney Gen Office probes state spying on political foes, local business

Top Biz Story Reforma: Reform Slow Pemex Actions - Operational changes under financial reforms have made decision-making slower: CEO Suarez

Top Story Financiero: Domestic Demand The Challenge - With global recovery threatened in Europe Mexico should seek internal growth sources

Top Story Milenio: Narco-Judges Cannot Be Ruled Out: Calderon - President says "some" judges may have been infiltrated by organized crime

Top Story Cronica: Tec Student To FCH: How Many Must Die? - Tec de Monterrey students question Pres. Calderon on civilian narco-war deaths

28 April 2010

BANXICO: Central Bank. Gov Agustin Carstens sees Mexico GDP growth +4.0% in 2010, +5.0% in 2011

MAPI: Mexico factory sector highly reliant on strength of US and Canadian industry; not seen as global growth leader for world recovery

MAPI: Mexico manufacturing growth seen having modest rebound in 2010 from -10.2% in 2009; forecast +5.4% during 2010 and 4.3% during 2011

Top Story Universal: Senate Halts Accord With US - Riled by Arizona immigration law, Senate shelves bilateral natural disaster response plan

Top Story Jornada: Law To Endorse Army Role In Drug War Advances - Senate passed bill to regulate army participation in counternarcotics war

Top Story Reforma: Narcoviolence Kills More Kids - Number of minors killed in so-called war on drugs rising: 97 YTD v. 63 in like period 09

Top Story Reforma: Stronger Peso Seen - Experts see more appreciation of currency; FX levels could break 12-to-1/US$ and beyond

Top Story Economista: Industrial Activity Restores Economy - 3 major investment banks say Mexican recovery has legs, cite manufacturing

Top Story Financiero: Markets Tank On Moratorium Fears - S&P downgrade of Greek, Portuguese debt knocks global markets; Bolsa down 3.23%

Top Story Milenio: 105 Votes For Army, 1 Against - Senate approved 105-1 bill to regulate participation of armed forces in civil policing

27 April 2010

INEGI: Seasonally adjusted Global Economic Activity Index (IGAE) @ 113.20 in Feb v. 112.69 in Jan; annualized var. +5.7%; annual trend 0.0%

INEGI: Seasonally adjusted IGAE agricultural sub-index at 111.67 in Feb v. 108.23 in Jan; annualized variation of +47.5%; annual trend +1.9%

INEGI: Seasonally adjusted IGAE industrial sub-index at 110.31 in Feb v. 109.66 in Jan; annualized variation of +7.3%; annual trend +4.6%

Top Story Universal: Army Of Lawyers Against Arizona: Calderon - President vows to deploy all resources to defend Mexicans against new law

Top Story Jornada: OAS Repudiates Arizona's "Racist" Law - Organization of American States blasts new immigration law as discrimination

Top Story Reforma: Work Punted To Private Sector; Citizens Pay - Congress mulls law to grant more concessions for infrastructure work

Top Biz Story Reforma: DF Falls In Competitiveness - Federal District falls on Urban Competitiveness Index due to crime, informal economy

Top Story Economista: Development Bank Oversight - FinMin warns Senate proposal for new board conflicts with federal regulatory authority

Top Story Financiero: Robust Economy Would Impel Stocks - Robust, sustained growth would lift Bolsa, says Mexican Stock Market head Tellez

Top Story Milenio: Mexico Powerless Against Immigration Laws - Nafta does not provide dispute mechanism for non-trade bilateral conflicts

Top Story Cronica: Calderon, Gomez Mont Differ Over Arizona - President attacks Arizona immigration law as racist; praises Obama's criticism

26 April 2010

TECH: Computer chip manufacturer Intel Corporation will spend roughly US$190mln in Guadalajara; over 3yrs engineers to grow from 400 to 550

Top Story Universal: Commando Executes Labor Party Leader In Guerrero - State political leader Rey Hernandez gunned down by squad with AK47s

Top Story Jornada: In Narco Struggle, Gomez Mont Feels Safe - Asked if citizens should worry about collateral violence, Interior Min says no

Top Story Reforma: Sales Up On Insecurity! - Private security sales -- bodyguards, armoring, bulletproof vests -- see unprecedented growth

Top Biz Story Reforma: Regulation Slows Credit - State development banks hampered by rules governing both private banks and public entities

Top Story Economista: Exports Set Records - Overseas sales of US$25bln in Mar represents y-y gain of 39%, highest in 15yrs; autos motor rise

Top Story Financiero: Peso Undervalued: Werner - Dep FinMin Werner says appreciating currency has further to go to regain pre-crisis levels

Top Story Milenio: Violence In Mexico, US Shame: Gomez - Interior min shames US for supplying arms, money, demand for Mexican narco-violence

Top Story Cronica: Mexico Issues Narco SOS To World - Interior Min Gomez calls for international support and solidarity; blames US for arms

15 April 2010

Updates have been put on hold for one week! Thank you!

14 April 2010

Top Story Universal: Deputies Expel Junk - Lower house passes bill to ban junk food sales from schools, require daily exercise

Top Story Jornada: Army Not Resisting Narco-War: SG: Interior Min Gomez Mont denied that some generals object to continued army role

Top Story Reforma: Telcel Lands Blow Against Renaut - Largest mobile carrier Telcel (71%) wins injunction against cutting unregistered users

Top Biz Story Reforma: Exports To Non-Nafta Mkts Grows - So far this century, dependence on US-bound exports has reduced 9pts; now at 80%

Top Story Economista: Personal Data Protection Law Passed - Congress approves bill to safeguard privacy of identity information

Top Story Financiero: Financial System In Need Of Rebuild - Mexico's financial system needs to address foreign bank dominance, low credit

Top Story Milenio: Pederasty Fault Of Society - In apology to victims, Mexican bishops say pederasty result of excess sexual freedom, sex ed

Top Story Cronica: Junk Food Banned From Schools - Lower house votes 372-0 to reform General Health Law to bar pop, fried snacks, sweets

13 April 2010

BANXICO: Foreign reserves at US$96.220bln as of Apr. 9 v. US$95.682bln on Mar. 31

Top Story Universal: Unions Stymie Universal Health Care - Fox's low-income Popular Seguro plan was the alternative amid union opposition

Top Story Jornada: Generals Resist Drug War: Galvan - Defense Min Galvan says army brass wary of lack of protection against civilian deaths

Top Story Reforma: Sedena Wants SuperJet - Defense Ministry asks Los Pinos for funding for US$41mln jet from Bombadier for official travel

Top Biz Story Reforma: Infrastructure Projects Stall - Financial crisis, legal woes, poor management has held up spending under Calderon

Top Story Economista: Automotive Sector Racing Again - Auto exports +87% in Q110 v Q109 to 430,982 units; sales still down -3.3% to 188,994

Top Story Financiero: Peso Rally Raising Concern - Mexican currency could break 12-dollar mark soon, but analysts see speculative money

Top Story Milenio: We Can Handle Chihuahua Gangs: Federal Police - Govt can control crime in state, capture narco bosses, says top cop Rosas

Top Story Cronica: US Travel Warning On Mexico - US State Department emits new advisory, citing rising violence, and extends consular relief

12 April 2010

INEGI: Industrial Activity: Total IP index +7.3% in Feb v -1.7% in Jan on seas adj, annualized basis; trend rate at +4.6% annual in Feb

INEGI: Industrial Activity: Manufacturing index +2.8% in Feb v -16.0% in Jan on seas adj annualized basis; trend rate at +4.5% annual in Feb

INEGI: Industrial Activity: Electricity, water, gas index +0.7% in Feb v +4.3% in Jan on seas adj, annualized basis; trend at +1.2% in Feb

INEGI: Industrial Activity: Construction index +1.1% in Feb v +0.9% in Jan on seas adj, annualized basis; trend rate at +1.2% annual in Feb

INEGI: Industrial Activity: Mining index +5.7% in Feb v +1.3% in Jan on seas adj, annualized basis; trend rate at -0.8% annual in Feb

INEGI: Gross Fixed Investment: Total GFI index +7.7% in Jan v +4.9% in Dec on seas adj, annualized basis; annual trend rate +0.6% in Jan

INEGI: Gross Fixed Investment: Total machinery & equip spend +29.5% in Jan v +36.5% in Dec on seas adj, annualized basis; Jan trend +28.3%

INEGI: Gross Fixed Investment: Domestic machinery & equip spend -0.1% in Jan v +188.5% in Dec on seas adj, annualized basis; Jan trend +7.2%

INEGI: Gross Fixed Investment: Imported machinery & equip spend +21.7% in Jan v +13.7% in Dec on seas adj, annualized basis; trend +8.6%

INEGI: Gross Fixed Investment: Construction GFI +5.5% in Jan v -11.2% in Dec on seas adj, annual basis; annualized trend soft at +0.4%

Top Story Universal: Seguro Popular Costly And Without Benefits - Expensive low-income health insurance plan fails to meet promises

Top Story Jornada: 25.2mln Cell Phones w/o Registry: Cofetel - Mobile phone registration plan now moves to 2nd phase of confirming owners

Top Story Reforma: Education Ministry Ignores Law In Huge Buy - MXN2.2bln spent for laptops for teachers to skirt public bidding rules

Top Biz Story Reforma: ISSSTE Wins In Pensions - Federal bureaucrats in ISSSTE system have better retirements than private sector Afores

Top Story Financiero: Banxico Transparency Viable - Central bank Gov. Carstens defends mandate, says anti-inflation mandate not anti-growth

Top Story Milenio: Nine Juarez Gangs In Peace Pact - City security officials broker ceasefire among warring tribes in violence-plagued city

Top Story Cronica: Federal District Plans Bridge Tolls - New elevated highways to require tolls fees of 1 to 2 pesos per kilometer

08 April 2010

BANXICO: Consumer inflation high at +0.71% in Mar; headline index rises to annualized 4.97% v. 4.83% in Feb; core index at 4.40% v. 4.20%

INEGI: Leading Index +0.7% Dec to Jan on seasonally adjusted basis, 11th straight rise in forward-looking indicator; but Current Index -1.9%

Top Story Universal: School Nutrition, Sport Obligatory - Congress will pass school reform to require 30min of exercise and healthier diets

Top Story Jornada: Army In Streets 5-10 More Years: Galvan - Defense Min says drug war will require up to 10yrs of urban military presence

Top Story Reforma: Private Sector Paying Union Fees - Independent electrician contractors forced to pay fees to national electrician union

Top Biz Story Reforma: Stores Copy Suppliers - Lawsuits rising as retailer own-brand labels alleged to trespass supplier trademarks

Top Story Economista: PAN, PRD Topple Renaut Extension - Cell phone registry requirement upheld; one-in-three users have yet to sign up

Top Story Financiero: Mexico Did Not Learn From Crisis: Barclays - Unlike 1995 focus on internal demand, this recovery pinned on exports

Top Story Milenio: 10 More Years Of Counternarcotics War: Sedena - Defense Min Galvan says army to patrol streets for up to 10 more years

Top Story Cronica: Senators Deny Extension Of Cell Phone Registration - Sen. Communications Committee refuses to extend deadline past Sat

07 April 2010

Mexico Watch Intelligence Service wins first round of court battles against plaintiff Intel Corp.: #http://ping.fm/cnH9N

06 April 2010

INEGI: Consumer Confidence Index fell 0.79% from Mar v. Feb on seasonally adjusted basis; pessimism continues at record levels

INEGI: Manufacturing Orders Index (IPM) falls 0.24% in Mar v. Feb on seasonally adjusted basis; index still above 50-point growth threshold

Top Story Universal: Calderon Takes Aim At Monopolies - New teeth for CFC agency to combat monopolies, oligopolies, anticompetitive activity

Top Story Jornada: Calderon Launches Against Monopolies - Reform bill would toughen punishments with higher fines, prison for directors

Top Story Reforma: Calderon Takes Aim At Monopolies - President tables bill to overhaul antitrust CFC with greater inquiry, sanction powers

Top Biz Story Reforma: Labeling Rules Changed - Foods, bevs limited on words such as 'healthy' and must provide a clearer nutrition table

Top Story Economista: FCH Proposes Jail For Monopolists - President Calderon's competition reform would punish with higher fines, even jail

Top Story Financiero: Parallel Agenda Vital For Growth - Experts call for economic reforms that do not require congressional approval

Top Story Milenio: Calderon, Against Monopolies - President reform would strengthen antitrust agency CFC with greater powers

Top Story Cronica: FCH Declares War On Monopolies - Calderon submits bill to Congress to give antitrust agency CFC enforcement teeth

05 April 2010

BANXICO: Monthly survey of economists yields consensus peso forecast of 12.70/US$ year-end 2010 v. 13.04 previous mo.; 12.93 in 2011

BANXICO: Monthly survey of private sector economists yields consensus inflation forecast of 5.28% in 2010 v. 5.21% previous mo; 3.97% in '11

BANXICO: Monthly survey of private sector economists yields forecast of 5.2% year-end rate on 28-day Cete v. 5.3% previous mo.; 6.1% in 2011

BANXICO: Monthly survey of private sector economists yields forecast of +4.08% GDP growth in 2010 v. 3.87% previous mo.; +3.63% in 2011

MARKETS: FX: Super-Peso maintains rally, firms nearly 1% in midday trade to 12.2685 pesos/US$ at benchmark 48hr interbank sell-rate

MARKETS: STOCKS: Mexico Bolsa IPC index opens up on good US data, moves lateral to 33,631.11 by midday, gain of 1.1%

Top Story Universal: US To Pursue Border Oil - On US side, oil companies to exploit contested crossborder deposits in Gulf of Mexico

Top Story Jornada: Sordano Urges Pope To Ignore Gossipers - Cardinal declares church hierarchy in solidarity with Benedict XVI

Top Story Reforma: Microbuses Flatten Law - 8 of 10 microbus drivers in Mexico City violate law, driving with doors open and tinted glass

Top Biz Story Reforma: Airport Investment Lags - National Infrastructure Program reaches 40% of spending target in 2009, for airports 15%

Top Story Financiero: Economy Tied To US, Oil For 2010 - FinMin says economic activity remains subject to US demand, oil revenue this year

Top Story Milenio: Zetas Expelled From Tamaulipas - Gulf Cartel has slowly but surely run the Zetas gang out of their territory in the state

Top Story Cronica: Paulette Murder Suspect Free - Mexico State Attorney General Office releases mother Lisette Farah, father Mauricio Gebara

02 April 2010

Top Story Universal: Deputies Spend MXN100mln On Travel - In first 6 mos of 61st Legislature, lawmakers burned through MXN100mln travel cash

Top Story Jornada: Rivera Finally Rails Against Pedophile - Cardinal Norberto Rivera Carrera accuses 'criminal clerics' of dirtying church

Top Story Reforma: Narco Charges Evangelicals - Drug gangs extorting protestant churches a monthly 'protection' rent

Top Biz Story Reforma: US Car Sales Improve - Toyota, Ford, GM registered sales increases on buying incentives, higher consumer confidence

Top Story Milenio: 15 Bodies Found Outside of Fed Dist - Executed victims found in State of Mexico, Morelos; drug trafficking suspected

Top Story Cronica: Paulette Suspect Sought In Fed Dist - Attorneys general office combs city for suspect in Paulette Gebara Farah murder