Mexico Anti-Trust Body Rules Telmex is Dominant

Reuters, 7/6/2009
Mexico’s anti-trust agency ruled on Monday that fixed-line telephone giant Telmex, controlled by billionaire Carlos Slim, is a dominant player in local transit and leasing of dedicated lines.
Telmex (TELMEXL.MX) (TMX.N) , a former government monopoly, controls about 80 percent of Mexico’s fixed-line telephone market and is the country’s main Internet service provider.
Formally declaring Telmex [...]

Mexico Elections No Help to Troubled Rating Outlook

Reuters, 7/6/2009
Mexican President Felipe Calderon’s defeat in congressional elections will prevent near-term improvement in the country’s credit rating outlook but should not lead to immediate downgrades, rating agencies said.
Fitch Ratings told Reuters on Monday the vote results meant it would be more difficult for Calderon to negotiate the economic reforms necessary to boost long-term growth [...]

Opposition Wins Majority in Mexican Midterm Vote

Elisabeth Malkinei, New York Times, 7/6/2009
With nearly all votes counted early Monday, it was clear that President Felipe Calderón had suffered a setback in midterm elections, as the opposition Institutional Revolutionary Party unseated his party as the dominant force in Mexico’s fractured Congress.
The Sunday vote heralded a renaissance in the opposition party, known as the [...]

Leftist party reclaims political primacy in Mexico

em>Oscar Laski, AFP, 7/6/2009
Midterm elections in Mexico, which dealt a heavy blow to President Felipe Calderon’s conservative ruling party, marked the resurgence of the leftist opposition that ruled the country for most of the last century.
The Institutional Revolutionary Party (PRI), which held an ironclad grip on power in Mexico from 1929 until losing to Calderon’s [...]

Blank Vote Sets Record: 10.8% in DF; 5.8% in the Nation (In Spanish)

em>El Universal, 7/6/2009
The campaign calling for a blank vote demonstrated its success in yesterday’s midterm elections. According to the Preliminary Electoral Results Program, a division of the Federal Electoral Institute, 5.83% of the population participated in the campaign throughout the nation.
The results of the preliminary vote count show that the Federal District (D.F.) leads the [...]

Calderon’s Ruling Party Slips in Mexico

Los Angeles Times, 7/6/2009
With a sagging economy and bloody drug war as a backdrop, voters across Mexico dealt a blow Sunday to the conservative party of President Felipe Calderon as they elected members of Congress, a handful of governors and hundreds of state and local officials.
Calderon’s National Action Party, or PAN, conceded defeat in the [...]