Dave's Feed
Dec 19, 2014

Insight – Oil shock to tilt Mexico energy opening in private sector’s favour

MEXICO CITY (Reuters) – The allure of investing in Mexico’s historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.

Since Congress in August approved the laws governing the dissolution of Mexico’s 75-year-old state oil monopoly, crude prices have plunged more than 40 percent, reducing the appeal of investing in Mexican deposits.

Dec 19, 2014

Oil shock to tilt Mexico energy opening in private sector’s favor

MEXICO CITY (Reuters) – The allure of investing in Mexico’s historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.

Since Congress in August approved the laws governing the dissolution of Mexico’s 75-year-old state oil monopoly, crude prices have plunged more than 40 percent, reducing the appeal of investing in Mexican deposits.

Dec 18, 2014

Sea boundary talks between U.S., Mexico, Cuba to take years: Mexico

MEXICO CITY (Reuters) – Joint talks among the United States, Cuba and Mexico to fix the maritime boundaries of the three countries in the Gulf of Mexico are likely to be complex and stretch beyond 2018, a senior Mexican official said on Wednesday.

The United States said earlier in the day the nations would begin discussing the boundaries as part of President Barack Obama’s plan to restore diplomatic relations with Cuba.

Nov 27, 2014

Mexico president vows police reform in bid to quell massacre anger

MEXICO CITY (Reuters) – Embattled President Enrique Pena Nieto on Thursday vowed to simplify Mexico’s chaotic police structure and stop collusion between officials and drug gangs as he tried to defuse anger over the apparent massacre of 43 students in September.

Pena Nieto is under growing pressure from protesters to end impunity and brutality by security forces since the trainee teachers were abducted by corrupt police and handed over to a local drug gang in the southwestern city of Iguala on Sept. 26.

Nov 24, 2014

Mired in crisis, Mexican president aided by discredited opposition

MEXICO CITY (Reuters) – Deep anger over the apparent massacre of 43 trainee teachers has plunged Mexico’s Enrique Pena Nieto into his worst crisis as president, but with no credible opposition in sight, mass protests look unlikely to force him from power.

Since the students were abducted by police and handed over to a local drug gang in the southwestern city of Iguala on Sept. 26, a wave of discontent has hit the government, spurring calls at protests and on social media for Pena Nieto to step down.

Nov 14, 2014

Mexican police play havoc with president’s security pledge

MEXICO CITY (Reuters) – Restoring order to a country torn apart by drug violence was Mexican President Enrique Pena Nieto’s first promise when he took power two years ago, but corruption and police brutality have handed him the biggest crisis of his rule.

Local police abducted 43 trainee teachers in the southwestern city of Iguala on Sept. 26 and handed them over to a drug gang. The gang almost certainly murdered them and torched their bodies, the government says.

Nov 7, 2014

Mexico scraps $3.75 billion China rail deal ahead of state visit

MEXICO CITY (Reuters) – Mexico has revoked a $3.75 billion high-speed rail contract from a Chinese-led consortium after its uncontested bid prompted an outcry from lawmakers, souring a state visit to China next week by President Enrique Pena Nieto.

After the contract to build the link was awarded on Monday, opposition politicians accused the government of favoring the group led by China Railway Construction Corp Ltd, the sole bidder.

Nov 4, 2014

Fugitive Mexican mayor suspected in abduction of 43 students captured

MEXICO CITY (Reuters) – Mexican police have captured a fugitive former mayor and his wife who the government says were the probable masterminds behind the abduction of 43 student teachers feared massacred in September, officials said on Tuesday.

Police working with a local drug gang in the southwestern city of Iguala abducted the students after clashes there on the night of Sept. 26, sparking a huge manhunt and embarrassment for President Enrique Pena Nieto.

Oct 28, 2014

U.S., Mexico sign deal to end sugar spat, avert import duties

MEXICO CITY/WASHINGTON, Oct 27 (Reuters) – Mexico and the
United States reached a deal on Monday to avert potentially
steep duties on Mexican sugar imports to the United States,
defusing a months-long dispute that threatened to escalate into
a major trade war.

In the deal hammered out hours before U.S. regulators were
going to slap penalties on Mexican imports, the U.S. Department
of Commerce said officials initialed a draft agreement that
would suspend both anti-subsidy and anti-dumping duties on the
goods, if adopted in full.

Oct 24, 2014

Governor of Mexican state where students disappeared stands down

MEXICO CITY (Reuters) – The governor of a Mexican state roiled by the disappearance of dozens of students that has sparked protests and embarrassed President Enrique Pena Nieto, bowed to pressure on Thursday and said he was standing down.

Angel Aguirre, governor of the impoverished state of Guerrero in southwest Mexico, said he was taking a leave of absence. The move is the only option open to him given he cannot resign by law. His replacement will be chosen by the Guerrero state assembly.