Alexandra's Feed
Jul 23, 2015

Mexico inflation touches new record low in early July

MEXICO CITY, July 23 (Reuters) – Mexico’s annual inflation
rate cooled in early July to a record low, official data showed
on Thursday, giving policymakers room to hold interest rates low
until an expected increase in U.S. borrowing costs.

The national statistics institute said inflation in the 12
months through mid-July eased to 2.76 percent from
2.87 percent in June. A poll of analysts by Reuters had forecast
the rate would be unchanged.

Jul 15, 2015

Wages of fear trap Mexican prison guards in corruption spiral

MEXICO CITY (Reuters) – Working for a modest wage among powerful criminals, Mexican prison guards are caught between a rock and a hard place, often helpless against the muscle and financial might of drug gangs like Joaquin “El Chapo” Guzman’s Sinaloa Cartel.

Guzman’s escape from a maximum security prison on Saturday, his second in 1

5 years, has brutally exposed the limitations of a system both incapable of containing its most infamous inmate and often controlled by those behind bars.

Jul 14, 2015

Guzman escape turns up heat on Mexican president over corruption

MEXICO CITY (Reuters) – The dramatic escape on Saturday of the world’s most notorious drug lord has raised pressure on Mexican President Enrique Pena Nieto to curb corruption and the drug gangs that play an outsized and violent role in his country.

    Speaking from Paris, where he was beginning a four-day state visit just as Joaquin “El Chapo” Guzman was breaking out of jail, Pena Nieto called the escape an “affront to Mexico” and promised a full investigation. But skepticism is rife in Mexico.

Jul 12, 2015

Mexico kingpin ‘Chapo’ Guzman stages brazen jailbreak in blow to president

ALMOLOYA DE JUAREZ, Mexico (Reuters) – Mexico’s most notorious drug lord, Joaquin “El Chapo” Guzman, broke out of a high-security prison on Saturday night for the second time, escaping in a tunnel built right under his cell, and heaping embarrassment on President Enrique Pena Nieto.

The kingpin snuck out of the prison through a subterranean tunnel more than 1.5 km (1 mile) long that ended at an abandoned property near the local town, National Security Commissioner Monte Alejandro Rubido told a news conference on Sunday.

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.