September 15, 2014
09/13/14 El Paso Times
Borders with Mexico and Canada offer vast opportunities for commerce and trade, U.S. lawmakers and other leaders said Friday at a Texas-Chihuahua-New Mexico Regional Economic Competitiveness Forum in El Paso. To compete against other regions in a globalized economy, regional leaders need to raise the border’s visibility and demand their fair share of resources for infrastructure and development, said state Sen. José Rodríguez, D-El Paso, one of the featured speakers at the forum that attracted more than 300 people.
September 10, 2014
Talks between 12 nations drafting a Pacific-region trade agreement made progress on rules for state-owned enterprises, with differences over tariffs remaining one of the obstacles to a final deal, a top U.S. negotiator said in an interview. “There has been important progress made this week,” Barbara Weisel, U.S. trade representative for Southeast Asia and the Pacific said yesterday in Hanoi, where she led the U.S. delegation in 10 days of talks on the Trans-Pacific Partnership that concluded today. “We have spent successive rounds trying to narrow the gaps. There was very good progress on SOEs here.”
August 28, 2014
08/28/14 Financial Times – Beyond brics
Mexico has a brand new police force, the gendarmería tasked with beefing up the country’s crackdown on crime.
But according to the Inter-American Development Bank(IDB), it may have a powerful crime-fighting weapon already: remittances.
August 28, 2014
08/27/14 The Wall Street Journal
General Motors Co. on Wednesday said it would invest as much as $185 million to build small engines at its Spring Hill, Tenn., factory and move production of its Cadillac SRX crossover vehicle to the facility from Mexico, capping a multiyear shift by the auto maker to bring more work back into its unionized U.S. factories.
Production of the about $40,000 SRX, now assembled at the Detroit auto maker’s Ramos Arizpe, Mexico, factory, will move to the former Saturn division facility in late 2015 with the launch of the second generation SRX. The car should arrive in showrooms in early 2016.
August 27, 2014
Kia Motors Corp. (000270) plans to build its first assembly plant in Mexico as the South Korean automaker follows European and Asian rivals in adding regional production.
Mexican President Enrique Pena Nieto said today the company will invest more than $1 billion in the factory and attract another $1.5 billion from Kia suppliers in Mexico. The plant will produce 300,000 vehicles a year and be completed in the first half of 2016, Kia Vice Chairman Lee Hyoung-Keun said at an event with Pena Nieto in Mexico City.
August 26, 2014
Spilling chemicals into two rivers near the U.S. border is making Grupo Mexico SAB (GMEXICOB) the country’s worst performing major stock.
The shares have lost 5.3 percent, the most among 35 companies on the benchmark IPC index, since an Aug. 6 copper sulfate solution spill at its Buenavista del Cobre mining operation that the company says contains the world’s largest copper reserves. In the preceding month, it led gains among the index’s materials stock to a 16-month high 49.24 pesos.
August 26, 2014
08/25/14 The Wall Street Journal
Coca-Cola Co. is introducing a mid-calorie cola here in its second-biggest market by sales volume and a country that’s struggling to shed the pounds.
Mexicans drink more Coca-Cola products per capita than consumers in any other country, so the company’s introduction of Coca-Cola Life, sweetened in part by the stevia plant, may be of some importance in a country battling obesity and a rise in diabetes and related health problems.