Alexandra's Feed
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.

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.