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Apr 26, 2013

Mexico lower house returns telecom bill to Senate for minor change

MEXICO CITY, April 25 (Reuters) – Mexico’s lower house of
Congress gave general approval to a telecoms reform bill on
Thursday that aims to boost competition in the phone and
television markets and tame dominant players like tycoon Carlos
Slim and broadcaster Televisa.

However, the bill, one of the main planks of a reform drive
that President Enrique Pena Nieto hopes will boost economic
growth in Latin America’s no. 2 economy, must return to the
Senate after lawmakers called for a small change in language.

Apr 24, 2013

Mexico political dispute hits banking plan, raises doubt on reforms

MEXICO CITY (Reuters) – Mexican President Enrique Pena Nieto has suspended plans to present a new banking sector reform due to a dispute between Mexico’s main political parties, raising doubts about a wider reform agenda that investors are watching closely.

The dispute is one of the first major challenges to face Pena Nieto, who had drawn up the overhaul which aims to boost lending under a so-called Pact for Mexico he forged with leaders of the opposition to work jointly on reforms.

Apr 23, 2013

Mexico political row hits banking plan, raises doubt on reforms

MEXICO CITY (Reuters) – Mexican President Enrique Pena Nieto has suspended plans to present a new banking sector reform due to a political dispute between the main parties, raising doubts about a wider reform agenda that investors are watching closely.

The dispute is one of the first major challenges to face Pena Nieto, who had drawn up the overhaul, which aims to boost lending under a so-called Pact for Mexico he forged with leaders of the opposition to work jointly on reforms.

Apr 23, 2013

Mexico postpones financial reform presentation in political row

MEXICO CITY, April 23 (Reuters) – Mexican President Enrique
Pena Nieto has suspended plans to present a new banking sector
reform due to disagreements among the main political parties,
raising doubts over his wider reform agenda eagerly watched by
investors.

Pena Nieto had been negotiating the banking overhaul aimed
at boosting credit under a pact he forged with leaders of the
opposition to work together on major economic reforms, but
cracks in the agreement have appeared due to a political dispute
over election funding.

Mar 22, 2013

Mexico lower house backs telecoms reform, Senate awaits

MEXICO CITY (Reuters) – Mexico’s lower house of Congress approved a sweeping reform of the telecommunications industry early on Friday, sending legislation that aims to reduce Carlos Slim’s dominance of the phone market to the Senate.

The reform bill, which also seeks to curb the power of Mexico’s main broadcaster, Televisa, intends to open up the long closed industry to more foreign competition and give regulators the power to compel dominant companies to sell assets.

Mar 22, 2013

Mexico lower house gives final approval for telecoms bill

MEXICO CITY (Reuters) – Mexico’s lower house of Congress gave final approval to a major telecommunications bill early Friday morning, a reform that threatens to loosen tycoon Carlos Slim’s grip on the phone market and broadcaster Televisa’s dominance of the airwaves.

Following more than 14 hours of at times heated debate, lawmakers sent the amended bill to the Mexican Senate for its consideration.

Mar 22, 2013

Mexico’s lower house gives general approval for telecoms bill

MEXICO CITY (Reuters) – Mexico’s lower house of Congress gave broad approval Thursday night to a telecommunications reform that threatens to loosen tycoon Carlos Slim’s grip on the phone market and broadcaster Televisa’s dominance of the airwaves.

The proposal attracted overwhelming support, with 414 lawmakers in favor of the reform and only 50 opposed.

Mar 20, 2013

Feature: By land or by sea, tougher U.S. border tests illegal immigrants

TIJUANA, Mexico (Reuters) – Mexican grandmother Lucia Angulo has entered the United States illegally so often over the past three decades that she has lost count of how many times border patrols caught her.

But when she left San Diego to visit her dying mother in Mexico last April, she knew it would be harder than ever to return. Nearly a year later, she was still trying.

Mar 20, 2013

By land or by sea, tougher U.S. border tests illegal immigrants

TIJUANA, Mexico (Reuters) – Mexican grandmother Lucia Angulo has entered the United States illegally so often over the past three decades that she has lost count of how many times border patrols caught her.

But when she left San Diego to visit her dying mother in Mexico last April, she knew it would be harder than ever to return. Nearly a year later, she was still trying.

Mar 14, 2013

Mexican telecoms reform opens door to all players: official

MEXICO CITY (Reuters) – The Mexican government’s planned overhaul of its phone and television markets opens up the field to all players, one of the architects of revamp said on Wednesday, which could offer telecoms tycoon Carlos Slim a way into the local TV business.

The telecoms reform bill, presented by President Enrique Pena Nieto on Monday, could end broadcaster Televisa’s rule of the airwaves and Slim’s stranglehold on the phone business.