BANXICO: Q211 financing to non-financial private sector @ MXN4.271tln, or annual real increase +5.9%
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31 August 2011
Front Page Economista: IEPS Hurts Telecom Competitiveness: Cofetel - 3% excise tax on telecom services hinders govt goals, regulator says
Front Page Financiero: December Deadline On China Tariffs - Economy Min Bruno Ferrari confirms that Dec 12 ends countervailing tariffs
Front Page Universal: Casino Must Pay - Casino Royale refuses to compensate families of victims, but federal gambling laws require it
Front Page Milenio: Josefina Taking Off - Pre-presidential poll show Vazquez Mota with 39% preference among PANistas v. 30% for Creel
Front Page Reforma: Brother Of Monterrey Mayor Received Casino Payments - Fernando Larrazabal campaigned against them, brother Manuel took $
29 August 2011
INEGI: Manufacturing Stats: Manufacturing work-hours -0.06% from May to June on seas adj basis; follows strong uptick of 0.46% previous mo.
INEGI: Manufacturing Stats: Headcount at factories remained flat from May to June on seas adj basis; three months now with negative trend
Front Page Financiero: CNBV Preps New Rules - National Bank & Securities Commission wants to curb "bad practices" in industry
Front Page Universal: 2 Arrested For Casino Attack - Nabbed in Monterrey/Escobedo driving stolen car, resisted with shootout
Front Page Milenio: We Back Calderon On Crime: Manlio - Senate PRI Prez Fabio Manlio urges nonpartisan cooperation on organized crime
Front Page Reforma: Two Arrested For Massacre - State and fed authorities announced 2 busts so far in Casino Royale slaughter
26 August 2011
BANXICO: Monetary Meet: Central bank keeps benchmark lending rates at 4.5%, cites lower growth expectations for US, slowing in Mexico
Front Page Economista: FCH Urges Inquiry Into State Debts - President Calderon calls for total review of public debt by state governments
Front Page Financiero: Penal Charges Brought In Debt-Gate - FinMin files criminal charge for "irregular" credit lending to state of Coahuila
Front Page Universal: Nuevo Leon Casino Attacked; 53 Deaths - Six men burst into a gaming and gambling center and set a deadly fire
Front Page Milenio: 53 - Six-member commando storms casino with gasoline, kills 53; place had been attacked before
Front Page Reforma: Innocents Burned Alive - Overcome by suffering and grief, people waited in vain to see family rescued from Casino Royale
ALERT: Shocking attack in Monterrey: http://ping.fm/Na25U
25 August 2011
Front Page Financiero: Portfolio Adjustments Hit Peso - Foreign investors reorganize, peso depreciates 1% yesterday to 12.47
Front Page Universal: Narco-Goods At Bargain Prices - Govt auctions of impounded property: Cell phone $1, Gold ring $3, luxury SUV $1,000
Front Page Reforma: Fewer Families Receive Remittances - From 2006-2010 half million Mexican homes stopped receiving migrant transfers
INEGI: Open Unemployment Rate: National rate stood at 5.27% in Jul v. 5.77% in Jun on seas adj basis; (nonfarm) urban rate @ 6.11% v. 6.33%
22 August 2011
INEGI: GDP: Q2 GDP +4.5% on seas adj, annualized basis; below expectations http://www.facebook.com/notes/el-mitote/mexican-economy-rebound-in-q2/150612568358263
The Inegi statistics agency released second-quarter GDP data on Friday showing Q211 GDP +4.5%. Yet economists were disappointed. http://www.facebook.com/notes/el-mitote/mexican-economy-rebound-in-q2/150612568358263
Front Page Economista: Industry Demands Action On Economy - Business class says slowdown pushing in from U.S., Euroland, demand govt action
Front Page Excelsior: New Budget Battle - PRI Wants To Trim Executive Branch - PRI deputies target MXN110bln in federal publicity spending
Front Page Milenio: Parties Receive Record Monies For 2012 - Public funding for political parties calculated at MXN3.4bln
Front Page Universal: High-Risk High Schools To Be Patrolled - The Education Ministry begins a series of actions to lock out organized crime
Front Page Reforma: Fear Of Violence Silences Torreón - Following soccer stadium shootings, paper finds cowed public wary to go on record
INEGI: Retail sales: Retail Index +2.7% in Jun on 4m rolling seas adj annualized basis, v. 1.3% in May and 4.4% in Apr
"People are dying here in Texas because they can’t afford to live,” Sen. Eddie Lucio said. “And you can quote me on that.” http://ping.fm/1NAEE
18 August 2011
BANXICO: Quarterly Credit Survey: The main sources of financing in the second quarter of this year were: http://ping.fm/dSnul
Front Page Excelsior: Mexican Bonds Attract - Balance of bonds in foreign hands through Aug 8 reached US$72.9bln, highest level YTD
Front Page Financiero: Speculation To Keep Food Prices High - Food inflation to continue for at least a year, could surpass 2008 levels
Front Page Milenio: PRD Reluctant To Back AMLO - Party prez does see need to work together with Lopez Obrador's Morena political org
Front Page Universal: Regulation On States To Toughen - Federal banking regulators working on tighter oversight of state borrowing
Front Page Reforma: Bureaucracy Grows, Private Employment Down - Govt ranks hit record 2.3mln, while private sector cut 419k jobs
17 August 2011
Front Page Economista: Ending Tenencia Bad Biz For States - Amid slippery finances, state-by-state elimination of unpopular auto tax tougher
Front Page Financiero: Budget, Bound By Global Situation - 2012 spending plans will be limited as international growth projections slow
Front Page Universal: Unmonitored, 90% of Municipal Debt - Hidalgo, Coahuila, Tabasco and Zacatecas only states to regulate local govt debt
Front Page Milenio: Format For Security Law Agreed - Will pull together diverse legislative issues that have frozen reform talks
Front Page Reforma: Puebla Controls Piracy In South - Once a major center of illicit goods, now a staging ground for entire south-southeast
16 August 2011
INEGI: IMMEX (form. maquila) Stats - Headcount 1.85mln in May v. 1.85mln in Apr., and v. 1.76mln in May 2010
INEGI: IMMEX (form. maquila) Stats - Business establishments registered in program -10 in May to 5,077 v. Apr., and v. 5,290 in May 2010
BANXICO: Monetary Base: Week ending Aug 12 +MXN2.353bln to MXN646.631bln, y/y +9.2%, central bank says public cash demand normal
Front Page Economista: State-Level Debt Doubles In 4.5yrs - In 1H of 2011 Zacatecas, Nayarit, Campeche and Durango borrow the most
Front Page Financiero: Mexican Resilience Surprises - Moody's says Mexico is in a privileged situation to respond to financial shocks
Front Page Universal: Cut State Spending, Feds Ask - FinMin Cordero said states with highest debt levels need to strengthen revenue
Front Page Milenio: State Debt Up 2.4bln Pesos - State borrowing increases most in State of Mexico, Nuevo Leon, Jalisco, Veracruz, Chihuahua
Front Page Reforma: Debt Becomes Political Missile - PRI and PAN exchange accusations on debt increases at respective state, federal levels
09 August 2011
INEGI: Inflation: July pressures came from produce; core and non-core indices +0.22% and +1.38% in Jul to annual rates of 3.19% and 4.51%
INEGI: Consumer Inflation in July at 3.55% annual v. 3.64% in Jul 2010; index +0.48% in month, largest Jul increase in three years
Front Page Economista: Mexico To Grow: FinMin - GDP still on track to expand around 4% in Mexico in 2012, despite new risks: FinMin
Front Page Financiero: US Crisis Not Blind Spot, Mexico Faces Risk: IMF - FinMin says US debt downgrade, Euro crises real; Mexico vulnerable
Front Page Universal: Stocks Plunge As Fear Rises - Global economy quavers after US debt downgrade, worst stock declines in 3yrs
Front Page Reforma: Queen Puts PGR In Check - Cartel suspect Sandra Ávila Beltrán blocks US extradition and cleared of trafficking charges
04 August 2011
INEGI: Consumer Confidence: Headline Index +1.93% seas adj m/m in July; sub-indices up across the board; @94.2 still historically low
Front Page Economista: Mexican manufacturing sector has strongest deceleration since 2008 as US industry slows
Front Page El Financiero: CCE: More Reforms Needed - GDP will slow due to threats of unemployment, weak consumption levels, low incomes
Front Page Jornada: Army Has Found 778 Training Camps - To date nearly 1,000 camps, from training to cultivation crops, have been discovered
Front Page Universal: High Costs, Low Transparency In Senate - Sen. President Manlio Fabio Beltrones admits need to make disclosure rules
Front Page Reforma: Banxico Buys Gold Shield - Central bank has purchased 100 metric tons of gold as it diversifies war chest
03 August 2011
Front Page Economista: 41% Of PGR Has Been Evaluated - After 21 State Delegates dismissed, Attorney General Office says purge continues
Front Page Jornada: Search For Surveyors Intensifies - 6 workers from Mitofsky and 3 from Parametria disappeared during pre-electoral polls
Front Page Universal: No Economy Is Bulletproof: Cordero - Finmin says Mexico is in a better position, and no indication of crisis exists
Front Page Milenio: No Tax Hikes: Cordero - FinMin says that 2012 tax code will eliminate tenencia vehicle fee for the first time
Front Page Reforma: PGR Purge Tally To 462 - Attorney Generals Office has fired hundreds, still reviewing 700 others for irregularities
01 August 2011
Front Page Economista: Mexican Profits Weather Storms - In Q1 publicly listed companies on Mexican Stock Exchange saw profits up 6.1% y/y
Front Page Financiero: Slowdown Confirmed: FinMin - In Q2 Mexico GDP ~+3.5% y/y versus +4.6% in previous quarter, FinMin report says
Front Page Universal: 36 Billion Pesos On Parties - In past 11 yrs, 16 political parties have received MXN36bln in federal funds
Income disparity more acute in San Antonio, Texas than in the rest of the nation, but gap shrank in Great Recession: http://ping.fm/LkVTa