Dave's Feed
Jul 4, 2013

Mexican reforms hostage to opposition in local elections

MEXICO CITY (Reuters) – A year after winning the Mexican presidency, Enrique Pena Nieto needs a solid performance by the opposition in state elections on Sunday to keep alive a fragile alliance he built to steer reforms through Congress.

Falling short of a majority when he won, Pena Nieto crafted an informal coalition with the opposition to help realize his economic vision, two key parts of which – opening up state oil giant Pemex to private capital and boosting the tax take – he is planning to send to Congress by September.

Jun 26, 2013

Mexico’s main leftist party proposes path to oil reform

MEXICO CITY, June 25 (Reuters) – Mexico’s main leftist
opposition party on Tuesday presented a set of proposals to make
state oil giant Pemex independent, providing a foretaste of
talks likely to surround government efforts to make the company
more productive.

President Enrique Pena Nieto’s pledge to allow more private
capital into Pemex, a symbol of Mexican
self-sufficiency, is one of the most contentious issues on his
legislative agenda, even though he has yet to reveal many
details of his plan.

Jun 10, 2013

Insight: Threat of break-up looms over Mexican telecoms tycoon Slim

MEXICO CITY (Reuters) – As Mexico gets ready to unleash a battery of regulations to curb the power of telecoms mogul Carlos Slim, the government is sending clear signals that it will not shy away from breaking up his business if necessary.

Ever since President Enrique Pena Nieto’s government unveiled a landmark antitrust bill in March allowing regulators to make dominant phone and television companies sell off assets, many Mexicans have questioned whether it would go that far.

Jun 10, 2013

Threat of break-up looms over Mexican telecoms tycoon Slim

MEXICO CITY, June 10 (Reuters) – As Mexico gets ready to
unleash a battery of regulations to curb the power of telecoms
mogul Carlos Slim, the government is sending clear signals that
it will not shy away from breaking up his business if necessary.

Ever since President Enrique Pena Nieto’s government
unveiled a landmark antitrust bill in March allowing regulators
to make dominant phone and television companies sell off assets,
many Mexicans have questioned whether it would go that far.

May 25, 2013

Mexico’s telecoms law to rebuild industry ‘brick by brick’

MEXICO CITY, May 24 (Reuters) – Mexico’s new
telecommunications law aims to break the hold of dominant
players that have made the country’s industry an anomaly on the
global map and rebuild it “brick by brick,” a senior government
official said on Friday.

The law, approved by Mexico’s states this month, gives the
government sweeping powers to break up companies controlling
more than 50 percent of the market, thereby challenging the
might of telecoms tycoon Carlos Slim and broadcaster Televisa.

May 20, 2013

Mexican opposition dispute goes public, threatening reforms

MEXICO CITY (Reuters) – Divisions within Mexico’s main conservative opposition party have erupted into a bitter public dispute that threatens to undermine the reform agenda of President Enrique Pena Nieto.

Short of a majority in Congress, Pena Nieto’s Institutional Revolutionary Party (PRI) is likely to need support from the conservative National Action Party, or PAN, to see through plans to overhaul state oil giant Pemex and broaden the tax base.

May 7, 2013

Mexico opposition revives economic reform pact

MEXICO CITY (Reuters) – Mexico’s main opposition parties said on Tuesday they would resume talks on sweeping reforms with the government, lifting a cloud over a cross-party pact that is the axis of President Enrique Pena Nieto’s economic agenda.

Opposition leaders said they had agreed on new measures with President Enrique Pena Nieto’s ruling Institutional Revolutionary Party (PRI) to preserve the pact, which is aimed at fueling growth in Latin America’s no. 2 economy.

May 1, 2013

Cracks in Mexican political pact threaten president’s reforms

MEXICO CITY, May 1 (Reuters) – The fanfare accompanying
Mexican President Enrique Pena Nieto’s first months in office is
increasingly being drowned out by discord in Congress that could
undo his plans to raise more tax revenue and open up state oil
giant Pemex to outside investment.

A pact that Pena Nieto painstakingly built with opposition
leaders to strengthen his hand in Congress risks falling apart
over accusations his ruling Institutional Revolutionary Party,
or PRI, has been using dirty tricks to buy votes in the first
major round of state elections since July’s presidential vote.

Apr 30, 2013

No talks on key Mexico reforms until spat resolved- opposition

MEXICO CITY (Reuters) – A multi-party alliance to modernize Mexico’s economy will not discuss pending energy and tax reforms until an electoral spat between the opposition and the government is resolved, the head of the main leftist party said on Tuesday.

Jesus Zambrano, chairman of the opposition Party of the Democratic Revolution (PRD), said there could be no talks on these reforms until the government had taken clear steps to punish those responsible for a vote-buying scandal in the Gulf state of Veracruz that was exposed this month.

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.