Alexandra's Feed
Dec 10, 2014

Central America ready to commit $5 bln to migration plan -Guatemala

VERACRUZ, Mexico (Reuters) – Three Central American nations that have sent a flood of migrants to the United States are ready to provide $5 billion between them to match a sum Washington says may be needed to help solve the problem, Guatemala’s president said on Tuesday.

Struggling to stop the migrant exodus that sparked a crisis in the summer, Guatemala, Honduras and El Salvador presented U.S. officials with a plan in September to boost their economic growth with infrastructure investment.

Dec 5, 2014

Holding rate, Mexico cenbank eyes inflation risk from weak peso

MEXICO CITY, Dec 5 (Reuters) – Mexico’s central bank on
Friday held borrowing costs steady but said a slump in the peso
could add to inflation pressures, and noted that growing social
unrest in Latin America’s No. 2 economy may crimp growth.

The central bank left its main interest rate at
a record low of 3.00 percent, as expected by 19 of 20 analysts
polled by Reuters last week. IDL:nL6N0TI4BK]

Nov 21, 2014

Mexico cuts 2014 growth forecast after surprisingly weak third quarter

MEXICO CITY (Reuters) – Mexico’s finance ministry cut its 2014 growth forecast on Friday after the economy grew unexpectedly slowly in the third quarter in a modest recovery that is now also threatened by rising social unrest.

Mexican gross domestic product MXGDPQ=ECI expanded 0.5 percent in the third quarter from the second, the national statistics agency said on Friday, slowing from a downwardly revised 0.9 percent growth in the April-to-June period.

Nov 21, 2014

Mexico cuts 2014 growth forecast after surprisingly weak 3rd qtr

MEXICO CITY, Nov 21 (Reuters) – Mexico’s finance ministry
cut its 2014 growth forecast on Friday after the economy grew
unexpectedly slowly in the third quarter in a modest recovery
that is now also threatened by rising social unrest.

Mexican gross domestic product expanded 0.5
percent in the third quarter from the second, the national
statistics agency said on Friday, slowing from a downwardly
revised 0.9 percent growth in the April-to-June period.

Nov 12, 2014

IMF sees risks in Mexico reform implementation

MEXICO CITY (Reuters) – Rising U.S. interest rates and hurdles to smooth implementation of economic reforms pose risks to Mexican growth, the International Monetary Fund said on Wednesday.

Mexico, Latin America’s second-largest economy, could see investor outflows and asset price swings if the United States raises interest rates earlier or more sharply than expected, the IMF said in a report after its annual health check of Mexico’s economy.

Oct 31, 2014

Mexico central bank flags social unrest risks, holds key interest rate steady

MEXICO CITY, Oct 31 (Reuters) – Mexico’s central bank kept
interest rates on hold on Friday and argued that a recent spike
in inflation would quickly fade next year while flagging the
risk that social unrest in the country could dampen a modest
recovery.

The Banco de Mexico maintained its benchmark interest rate
at a record low of 3 percent, as expected by 15 of
16 analysts polled by Reuters.

Oct 7, 2014

Mexico tax probe targets evasion; deal near with global firm

MEXICO CITY (Reuters) – Mexican tax authorities are looking to ramp up a tax avoidance probe of major multinationals to scour for evidence of evasion, officials said on Tuesday, adding that they were close to a deal with one firm.

In January, Mexico said it had launched a probe of 270 companies, with a focus on seven, for allegedly exploiting legal tax loopholes that have leaked income out of Mexico for years.

Sep 25, 2014

Exclusive: P&G, Hasbro in crosshairs of Mexico’s taxman – sources

MEXICO CITY (Reuters) – The world’s largest household product maker Procter & Gamble and No. 2 toymaker Hasbro are at the heart of a Mexican probe into tax avoidance that could cost the firms hundreds of millions of dollars in back-taxes between them, sources told Reuters.

In January, Mexico said it had launched a probe of 270 companies for allegedly exploiting tax loopholes that have leaked income out of Mexico for years.

Sep 24, 2014

Mexico annual inflation eases but still above ceiling

MEXICO CITY, Sept 24 (Reuters) – Mexican annual inflation
remained above the central bank’s tolerance ceiling in early
September but cooled slightly versus late August, suggesting
that policymakers will hold borrowing costs steady at a record
low for some time.

A separate report showed Mexico’s economy grew at its
fastest pace in three months in July, in a sign that Latin
America’s No. 2 economy is picking up after a weak start to the
year.

Sep 19, 2014

Most Mexico central bankers see inflation spike fading -minutes

MEXICO CITY, Sept 19 (Reuters) – Mexico’s central bankers
think that a recent spike in inflation will fade by early next
year even as the economy picks up speed, minutes showed on
Friday, suggesting that interest rates will remain steady into
next year.

Central Bank board members voted 5-0 at their Sept. 5
meeting to hold their benchmark rate at a record
low of 3 percent.