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May 17, 2011

Analysis: Clock ticks on Calderon’s hunt for drug lord

MEXICO CITY (Reuters) – With time running out to win a drugs war that has cost nearly 40,000 lives, only the scalp of Mexico’s biggest kingpin can give President Felipe Calderon the symbolic victory his party desperately needs.

Mexico’s next presidential election is just 14 months away, and the conservative National Action Party (PAN) is now well behind its main rival in polls, battered by the violence unleashed by Calderon’s grinding campaign against the cartels.

May 4, 2011

Mexico ramps up gold reserves at dollar’s expense

MEXICO CITY, May 4 (Reuters) – Mexico massively ramped up
its gold reserves in the first quarter of this year, buying
over $4 billion of bullion as emerging economies move away from
the ailing U.S. dollar, which has dipped to 2-1/2-year lows.

The third biggest one-off purchase of gold by any country
over the past decade took Mexico’s reserves to 100.15 tonnes –
or 3.22 million ounces — by the end of March from just 6.84
tonnes at the end of January, according to the International
Monetary Fund and Mexico’s central bank.

Apr 29, 2011

Analysis: Drugs war ignites Mexican fury at U.S. indifference

MEXICO CITY (Reuters) – The United States has spent over $1 trillion promoting democracy in far-flung Iraq and Afghanistan while friendly neighbor Mexico gets a fraction of that to fight drug gangs and prevent a slide into chaos.

Mexico’s frustration with the priority Washington grants to a shared crackdown on drug gangs has plunged ties between the two allies to their lowest ebb in years.

Apr 10, 2011

Mexico president’s party hits setback in key state

MEXICO CITY, April 10 (Reuters) – Mexican President Felipe
Calderon’s conservatives suffered a setback on Sunday when they
failed to seal an alliance that could have dented the chances
of the main opposition party to retake the presidency in 2012.

The left-wing Party of the Democratic Revolution (PRD)
rejected an offer to join Calderon’s National Action Party
(PAN) in a key state election, a ploy that has brought success
against the party that has traditionally dominated Mexico.

Apr 4, 2011

Critics use “The Simpsons” to lampoon Mexico’s Slim

MEXICO CITY, April 4 (Reuters) – Attacks on Carlos Slim’s
hold on Mexico’s telecoms market intensified on Monday when a
secret group opposed to the world’s richest man rubbished his
core business in a newspaper advert called “The Slimsons”.

Drawn in the style of U.S. cartoon sitcom “The Simpsons”,
the full-page broadside against the 71-year-old tycoon ran in
several of Mexico’s biggest dailies, lampooning the cost,
reliability and services of Slim’s telephone networks.

Mar 29, 2011

Clegg says would consider bank split option

MEXICO CITY (Reuters) – Britain would seriously consider splitting banks’ retail and investment banking arms if recommended by an independent inquiry, Deputy Prime Minister Nick Clegg said on Tuesday.

The Independent Commission on Banking (ICB), set up in the wake of the financial crisis to consider a radical shake-up of the sector, is due to publish an interim report on April 11.

Mar 29, 2011

Mexico: another BRIC in the wall?

MEXICO CITY (Reuters) – Though it exports more than Brazil and India and enjoys the kind of population growth Russia can only dream about, Mexico has long been in the shadow of its more dynamic emerging market cousins.

Today Mexico has a growing body of supporters who believe it is closing the gap on the so-called BRIC nations as a driver of global growth, powered by rising competitiveness and the willingness to capitalize on untapped financial resources.

Mar 28, 2011

Analysis: Mexico: another BRIC in the wall?

MEXICO CITY (Reuters) – Though it exports more than Brazil and India and enjoys the kind of population growth Russia can only dream about, Mexico has long been in the shadow of its more dynamic emerging market cousins.

Today Mexico has a growing body of supporters who believe it is closing the gap on the so-called BRIC nations as a driver of global growth, powered by rising competitiveness and the willingness to capitalize on untapped financial resources.

Mar 15, 2011

Mexico security fears grow for U.S. firms: survey

MEXICO CITY (Reuters) – Security fears at U.S. companies in Mexico have increased over the past year, fueled by growing concern about the threat from drug cartels, a poll by the American Chamber of Commerce of Mexico showed.

Some 67 percent of respondents in the study published on Tuesday said the security situation in Mexico had worsened in 2010, a rise of nine percentage points from the previous year.

Mar 3, 2011

Drug war dispute to dominate Obama-Calderon meeting

MEXICO CITY/WASHINGTON (Reuters) – Mexican President Felipe Calderon will press President Barack Obama to crack down on U.S. drug consumption and illegal arms sales when they meet on Thursday to smooth over troubles in their drugs war alliance.

Calderon last week accused the United States of damaging efforts to beat back drug cartels, just days after one of the worst attacks on U.S. officials in Mexico left one Immigration and Customs Enforcement (ICE) agent dead and another wounded.