Alexandra's Feed
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.

Sep 5, 2014

Mexico holds key interest rate, sees inflation easing over longer term

MEXICO CITY, Sept 5 (Reuters) – Mexico’s central bank kept
interest rates on hold on Friday, highlighting stronger economic
growth and forecasting that inflation pressures would ease in
the first half of 2015, boding for steady borrowing costs ahead.

The Banco de Mexico maintained its benchmark interest rate
at a record low of 3 percent, as expected by
analysts polled by Reuters, after policymakers surprised markets
by delivering a 50 basis point cut in June.

Sep 4, 2014

Mexico unveils futuristic design for new $9 bln airport

MEXICO CITY, Sept 3 (Reuters) – Mexico’s government on
Wednesday unveiled the winning design for a new, futuristic,
spider-shaped airport for the capital that will ease delays and
boost capacity at a cost of 120 billion pesos ($9.17 billion) in
public and private funding.

British architect Norman Foster and Fernando Romero, a
son-in-law of Mexican tycoon Carlos Slim, showcased their
winning, airy design in the form of an X with arching spans at
the presidential palace.

Sep 3, 2014

Mexico unveils design for futuristic new $9 bln airport for capital

MEXICO CITY, Sept 3 (Reuters) – Mexico’s government on
Wednesday unveiled the winning design for a new, futuristic,
spider-shaped airport for the capital that will ease delays and
boost capacity at a cost of 120 billion pesos ($9.17 bln) in
public and private funding.

British architect Norman Foster and Fernando Romero, a
son-in-law of Mexican tycoon Carlos Slim, showcased their
winning, airy design in the form of an X with arching spans at
the presidential palace.

Sep 3, 2014

Architect Norman Foster and Carlos Slim’s son-in-law win Mexico City airport design bid: source

MEXICO CITY (Reuters) – Renowned British architect Norman Foster and a son-in-law of Mexican tycoon Carlos Slim have won a design contract for a new $9.15 billion airport for Mexico City, a source familiar with the decision said on Tuesday.

The source, who asked to remain anonymous, told Reuters that the joint design by Foster and Fernando Romero had won the contract. Mexico’s airport operator ASA, which is overseeing the tender, declined to comment.

Aug 21, 2014

Mexico’s economy picks up steam in second quarter

MEXICO CITY, Aug 21 (Reuters) – Mexican economic growth was
stronger than expected in the second quarter as industrial
activity and domestic demand perked up, signaling a recovery in
Latin America’s No. 2 economy is gathering pace.

Gross domestic product grew 1.04 percent in the second
quarter compared to the first three months of the year
, as services and industry expanded at their fastest
rate since the third quarter of 2013, data showed on Thursday.

Jul 3, 2014

BMW’s $1 billion plant surfs Mexican investment wave

MEXICO CITY, July 3 (Reuters) – Luxury car maker BMW
revealed a $1 billion Mexican plant investment on
Thursday, becoming the latest in a line of major automakers to
take advantage of the country’s growing industrial base and
tariff-free access to the U.S. market.

BMW outlined plans to build a factory near San Luis Potosi,
central Mexico, in a move that will reduce the German company’s
dependence on higher-cost plants at home.

Jun 19, 2014

New airport plan for Mexico City eyes 6 runways – sources

MEXICO CITY, June 19 (Reuters) – Mexico is reviewing design
plans for a new 120 billion peso ($9.23 billion) Mexico City
airport which will eventually have six runways and should begin
operating by 2018, according to sources familiar with the plan.

The new hub is due to replace the overstretched Benito
Juarez International Airport and would be built on the area of
the Texcoco lake bed nearby, said two people with knowledge of
the project, few details about which have been revealed.

Jun 6, 2014

Mexico central bank unexpectedly cuts rate to spur weak economy

MEXICO CITY, June 6 (Reuters) – Mexico’s central bank
surprisingly slashed interest rates to a record low on Friday,
arguing slack in the economy gave it room for a one-off cut to
spur growth without fanning inflation pressures.

The Banco de Mexico cut its benchmark interest rate
by 50 basis points to 3.00 percent despite
forecasts in a Reuters poll that unanimously saw rates on hold.

May 26, 2014

Mexico factory exports up, consumer imports fastest in over a year

MEXICO CITY, May 26 (Reuters) – The pace of Mexican factory
export growth rose in April, while non-oil consumer imports
surged at their fastest pace in over a year, pointing to a
strengthening economic recovery in Latin America’s No. 2 economy
after a weak start to the year.

Factory exports rose 2.13 percent in April from March, the
national statistics agency said on Monday, as non-auto exports
picked up 3.48 percent, their strongest clip since May 2013.