Mexico central bank flags exchange rate risk, vows prudent stance-minutes

On April 26, 2018 By mexicoinstituteIn Business and Competitiveness, Economic GrowthLeave a comment

04/26/2018 Reuters

piggy bank with coins Mexico’s central bank plans to maintain a prudent monetary policy stance and to continue to monitor the pass-through of the exchange rate on prices, according to minutes from its last interest rate-setting meeting, published on Thursday.

On April 12, the central bank unanimously voted to hold the benchmark rate steady at 7.50 percent, citing cooling inflation and fewer risks to consumer prices. The Banco de Mexico also signaled that its current stance was in line with efforts to bring inflation back to its target.

Mexico’s Pemex will tender for partners in seven onshore areas: regulator

On April 26, 2018April 26, 2018 By mexicoinstituteIn Business and Competitiveness, Energy and Natural ResourcesLeave a comment

04/26/2018 Reuters

pemex Mexico’s National Hydrocarbons Commission (CNH) said on Thursday that national oil company Pemex [PEMX.UL] will tender for partners in seven onshore areas to form joint venture projects.

The CNH said that Pemex will have a 45 percent stake in the onshore areas scheduled to be tendered on Oct. 31.

Pemex has tempered expectations for the year after failing to find partners on its Ayin-Batsil shallow water development and the Nobilis-Maximino deepwater project, whose tender was canceled in December due to lack of interest.

Mexican Election Could End the Welcome for U.S. Oil Giants

On April 26, 2018 By mexicoinstituteIn 2018 elections, Elections 2018, Energy and Natural ResourcesLeave a comment

04/26/2018 The New York Times

energy- oil pumps 2 As President Trump moves to recast trade and border relations with Mexico, American oil companies are worried that the prospective winner of Mexico’s presidential election will play his own nationalist card.

The leading candidate, Andrés Manuel López Obrador, wants to reverse policies that have tied a knot between Mexico and the United States in recent years in energy production and consumption. And he has promised to make sure that oil never falls “back into the hands of foreigners.”

In addition to threatening refinery profits in the United States, his proposals could slow down oil production in Texas and impede deepwater drilling in the Gulf of Mexico by international oil giants like Exxon Mobil and Chevron. They would also jeopardize the United States energy trade surplus with Mexico, which reached roughly $15 billion last year.

3rd priest in a week found dead in Mexico

On April 26, 2018April 26, 2018 By mexicoinstituteIn Crime & Violence, Religion, Security and the Rule of LawLeave a comment

04/26/2018 The Washington Post

catholic mexico A Roman Catholic priest who had been reported kidnapped has been found dead in central Mexico.

Prosecutors in Morelos state said a relative identified the body of Rev. Moises Fabila Reyes, 83. He appears to have died of a heart attack and is the third priest killed or to have died under suspicious circumstances in Mexico in a week.

The prosecutors’ office said Thursday that relatives had reported that Fabila Reyes was missing to federal anti-kidnapping prosecutors in Mexico City.

School shooting in northern Mexico wounds 5 students

On April 26, 2018April 26, 2018 By mexicoinstituteIn Education, Security and the Rule of LawLeave a comment

04/25/2018 The Washington Post

Gunmen in a car apparently tried to kidnap a high school student, then opened fire on the youth as he fled into the building, wounding five young people, authorities in the northern Mexico border state of Tamaulipas said Wednesday.

State prosecutors said three suspected assailants and two purported accomplices were detained after Tuesday’s shooting in Ciudad Victoria, the state capital.

Three male high school students and two females were wounded. Three were treated and released, while two were hospitalized, one of them in serious condition, authorities said.

Homeland chief warns immigrant caravan: ‘We will enforce the immigration laws’

On April 26, 2018 By mexicoinstituteIn Security and the Rule of Law, U.S.-Mexico Border, U.S.-Mexico RelationsLeave a comment

04/26/2018 The Hill

kirsjen Homeland Security Secretary Kirstjen Nielsen on Wednesday warned that the federal government is prepared to prosecute Central American migrants from a caravan planning to cross the U.S. border this weekend.

Nielsen said in a statement that the Homeland Security Department is monitoring the caravan’s movements, and “is doing everything within our authorities to secure our borders and enforce the law.”

“Let me be clear: we will enforce the immigration laws as set forth by Congress,” she said.

The Latest: Taxi driver in ‘caravan’ fears El Salvador gangs

On April 26, 2018 By mexicoinstituteIn Migration and Migrants, U.S.-Mexico Border, U.S.-Mexico RelationsLeave a comment

04/25/2018 ABC News

Pedestrian_border_crossing_sign_Tijuana_Mexico — By Toksave

The father of two young girls from El Salvador says President Trump’s criticism about a caravan of asylum seekers raises doubts in his mind whether he will succeed in winning U.S. asylum but still plans to try.

Taxi driver Jovanne Torres was in Tijuana Wednesday with his wife and daughters ages 4 and 10 months after arriving in a bus that makes up part of the caravan Trump has called a threat to the U.S.

They plan to seek asylum on Sunday at a San Diego border crossing.

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