Dave's Feed
Oct 5, 2014

Mass graves with charred victims found in southern Mexico

IGUALA Mexico (Reuters) – Authorities have found mass graves with the charred remains of up to 20 people in the restive southern Mexican state of Guerrero, at a time when police are scouring the area for nearly four dozen missing students after a rash of violence.

The remains were buried on a hillside up a rocky dirt track on the outskirts of Iguala in six suspected graves, which were still fresh, a local official said, speaking on condition of anonymity.

Sep 23, 2014

Mexican state likely to change marijuana law this year, says ex-president

MEXICO CITY (Reuters) – A Mexican state could approve medicinal use of marijuana by the end of this year, paving the way for further steps toward legalizing the drug, former Mexican President Vicente Fox said on Monday.

Political pressure inside Mexico to liberalize its stance on marijuana has been rising since the U.S. states of Washington and Colorado legalized possession and sale of the drug for recreational use in 2012.

Aug 28, 2014

South Korea’s Kia to build new vehicle assembly plant in Mexico

MEXICO CITY, Aug 27 (Reuters) – South Korean automaker Kia
Motors Corp has earmarked $1 billion to build a
vehicle assembly plant in Mexico, and President Enrique Pena
Nieto said on Wednesday he expects the plant will spur
investments by suppliers of another $1.5 billion.

The plant, with a capacity to build 300,000 vehicles a year,
will be located in the state of Nuevo Leon and should open in
the first half of 2016, Kia said.

Aug 27, 2014

South Korea’s Kia to build new vehicle assembly in Mexico

MEXICO CITY (Reuters) – South Korean automaker Kia Motors Corp has earmarked $1 billion to build a new vehicle assembly plant in Mexico and suppliers will likely invest a further $1.5 billion, President Enrique Pena Nieto said on Wednesday.

The plant, with a capacity to build 300,000 vehicles a year, will be located in the state of Nuevo Leon and should open in the first half of 2016, Kia said.

Jul 2, 2014

Mexican Congress eyes quick telecoms laws approval

MEXICO CITY, July 2 (Reuters) – Mexico’s Senate on Friday
aims to pass long-delayed legislation setting out the fine print
of a major reform of the phone and TV markets that seeks to curb
the power of multibillionaire Carlos Slim and broadcaster
Televisa.

On Tuesday, the Senate presented a revised draft of the
so-called secondary laws needed to implement President Enrique
Pena Nieto’s 2013 overhaul of the telecoms and broadcasting
sectors, where immense powers are concentrated in few hands.

Jun 25, 2014

Crime-ridden state poses acid test for Mexican oil reform

TAMPICO, Mexico, June 25 (Reuters) – During Mexico’s first
oil boom, Tampico was such a magnet for foreign capital that it
became the biggest oil-exporting port in the Americas and home
to grandiose architecture that inspired comparisons to Venice
and New Orleans.

A century on, Tampico is the country’s kidnap capital,
racked by fear, murder and extortion that threaten to choke off
its bid to make a comeback as Mexico, the world’s No. 10 crude
oil producer, opens up its oil and gas industry.

Jun 19, 2014

Political strife pushes back approval for Mexican energy laws

MEXICO CITY, June 19 (Reuters) – Political wrangling in
Mexico means Congress is unlikely to approve before July
legislation to complete an energy overhaul at the center of
President Enrique Pena Nieto’s economic agenda, lawmakers said
on Thursday.

The ruling Institutional Revolutionary Party, or PRI, had
hoped to pass in June the so-called secondary laws for a reform
that will offer oil production and exploration rights to private
companies, ending a state monopoly that dates back to 1938.

Jun 8, 2014

Mexican president hints may be open to change in marijuana laws

MEXICO CITY (Reuters) – Mexico and the United States cannot pursue diverging policies on marijuana legalization, Mexican President Enrique Pena Nieto was quoted as saying on Sunday, hinting he may be open to following the lead taken by some U.S. states in changing drug laws.

Political pressure has grown in Mexico to take a more liberal stance on marijuana since Washington and Colorado decided to legalize possession and sale of the drug for recreational use in 2012. Other U.S. states plan votes soon.

May 19, 2014

Mexican opposition party re-elects leader in boost for reforms

MEXICO CITY (Reuters) – The leader of Mexico’s biggest opposition party comfortably won re-election on Sunday, boosting President Enrique Pena Nieto’s efforts to enact measures to open up the oil industry and increase competition in the telecoms sector.

The center-right National Action Party (PAN), has been badly divided by an internal power struggle centering on how far the party should cooperate with Pena Nieto’s Institutional Revolutionary Party (PRI), which lacks a majority in Congress.

Apr 28, 2014

Mexican reform drive bogged down by opposition strife

MEXICO CITY (Reuters) – In his first year in power, Enrique Pena Nieto raced to push through Congress the most ambitious reforms Mexico has seen in a generation, raising hopes of a new dawn for Latin America’s second largest economy.

But this year the Mexican president’s sprint has slowed to a walk with Congress mired in opposition disputes that are holding up the legislation that is supposed to end years of anemic growth.