Alexandra's Feed
Jun 4, 2015

Mexico central bank holds key rate, points to weak economy

MEXICO CITY (Reuters) – Mexico’s central bank held borrowing costs steady on Thursday, pointing to sluggish economic growth while noting that inflation pressures remained muted following a deep slump in the peso.

The Banco de Mexico left its key interest rate at 3.00 percent, as expected by all 15 analysts surveyed by Reuters last week.

May 27, 2015

Mexico and Brazil sign economic deals, aim to double commerce

MEXICO CITY, May 26 (Reuters) – Mexico and Brazil will take
steps this year to ease restrictions on bilateral trade and aim
to double their shared commerce in less than 10 years, the
leaders of Latin America’s two biggest economies said on
Tuesday.

During a visit to Mexico City, Brazilian President Dilma
Rousseff said in a speech that talks would begin in July in an
effort to increase the range of products included in a joint
trade agreement known as ACE 53 from just over 800 to more than
6,000.

May 23, 2015

Mexico gunfight kills 43, as government hits gang hard

ZAMORA, Mexico (Reuters) – Government security forces killed 42 suspected drug cartel henchmen and suffered one fatality in a firefight in western Mexico on Friday, an official said, one of the bloodiest shootouts in a decade of gang violence wracking the country.

National Security Commissioner Monte Alejandro Rubido said one federal policeman died and another was injured in the three hour battle on a ranch just inside the Michoacan state border with Jalisco, home of Guadalajara, Mexico’s second-biggest city.

May 7, 2015

Mexican inflation cools more than expected in April

MEXICO CITY, May 7 (Reuters) – Mexico’s annual inflation
rate eased in April to just above the central bank’s 3 percent
target partly due to lower electricity costs, even as a slumping
peso threatens to push consumer prices higher.

Inflation in the 12 months through April
reached 3.06 percent, below the 3.10 percent expected in a
Reuters poll, and the 3.14 percent annual rate in March. Price
drops for low octane gasoline and tourist packages also helped
cool the rate.

Apr 30, 2015

Mexican central bank holds interest rate, notes weak growth

MEXICO CITY, April 30 (Reuters) – Mexico’s central bank held
borrowing costs steady on Thursday, pointing to still sluggish
economic growth and noting that inflation pressures remained
muted following a deep slump in the peso.

The Banco de Mexico left its key rate at 3.00
percent, as expected by all 21 analysts surveyed by Reuters last
week.

Apr 14, 2015

Toyota to invest $1 billion on new Mexico plant, create 2,400 jobs: source

MEXICO CITY (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), the world’s biggest automaker, will spend $1 billion to build a car factory in Mexico and plans to announce the investment on Wednesday, two sources with direct knowledge of the matter said.

The 200,000-cars-a-year factory in the central state of Guanajuato will create about 2,400 direct jobs, one of the people told Reuters, declining to be identified because the plan was not yet public.

Mar 26, 2015

Mexico central bank flags risk of Fed move on peso, weak growth

MEXICO CITY (Reuters) – Mexico’s central bank held interest rates MXCBIR=ECI steady on Thursday at a record low as policymakers eyed greater risks to growth and flagged concerns that a U.S. Federal Reserve move could hit the sinking peso.

The bank left its main interest rate at 3.00 percent as expected by a Reuters poll, promising to closely watch the actions of the Fed, which is expected to raise rates for the first time since 2006 as soon as September.

Mar 18, 2015

Mexico finance minister sees sustained oil slump, 2016 budget hit

MEXICO CITY, March 18 (Reuters) – Mexican Finance Minister
Luis Videgaray said on Wednesday he does not expect the recent
plunge in oil prices to be temporary and that Mexico’s public
finances will face major difficulties next year as a result.

Mexico is an oil exporter and the drop in crude prices has
pushed its peso currency to record lows, leading the country to
slow the pace of foreign currency purchases and ramp up dollar
auctions to stem the slide.

Mar 11, 2015

Mexico launches new currency measures, peso off record low

MEXICO CITY, March 11 (Reuters) – Mexico moved on Wednesday
to stem a slide in the peso to record lows, selling a first $52
million tranche under plans to auction around $3 billion over
the next three months and slowing the pace of reserve
accumulation.

The $52 million daily dollar auction, which has no minimum
price, began on Wednesday and will last until June 8. After
that, the currency commission said it would decide whether to
continue the daily auction.

Feb 23, 2015

Sharapova less fixated on top spot but eager to beat Serena

MEXICO CITY (Reuters) – Regaining the world’s top ranking in women’s tennis is less important to five-times grand slam winner Maria Sharapova than it was when she was younger, but the Russian is eager to beat dominant player Serena Williams.

Williams beat Sharapova, who is ranked number two, to claim her 19th grand slam singles title in the Australian Open final last month.