Goldman Warns of U.S. Nafta Exit as Negotiators Seek Small Wins

12/11/2017 Bloomberg

flag pictureInvestors remain on alert over the threat of Nafta talks failing even as negotiators meet this week in Washington and seek minor victories on less contentious issues.

The latest meetings to revamp the North American Free Trade Agreement will run through Friday, largely out of the spotlight. Cabinet-level officials won’t attend for the second time since negotiations began in August, and the Trump administration is preoccupied with efforts to push through tax cuts by year-end and avoid a government shutdown.

The distractions in Washington haven’t eased pressure on President Donald Trump to preserve the trade deal, which governs more than $1 trillion in annual commerce. Senators who support Nafta warned the president last week of the economic risks of following through on his threat of withdrawal. Goldman Sachs Group Inc. said it expects Trump will ultimately announce his intention to exit from the accord and that fresh tensions will probably emerge at the next full negotiating round in January.

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Mexico Opposition Leader Resigns for 2018 Presidential Bid

12/09/2017 Bloomberg

Photographer: Agustin Salinas/GDA via AP Photo

The leader of Mexico’s largest opposition group is stepping down from his post to prepare for a presidential run under a left-right coalition that’s looking to dislodge the ruling party from power.

Ricardo Anaya’s resignation as party president, effective this weekend, is the first step to seeking the nomination from his National Action Party (PAN) to run in 2018 against the party of President Enrique Pena Nieto.

His decision was confirmed by Santiago Creel, president of PAN’s national election commission, and Juan Adame, regional coordinator of PAN’s national executive committee. Anaya said in a Twitter message that he’s stepping down and will inform the public on Sunday of his plans.

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Denied asylum and facing deportation, Mexican journalist says he’ll be killed if sent home

12/08/2017 Washington Post

Emilio Gutierrez, seen here with Associated Press journalist Michele Salcedo, received a press freedom award from the National Press Club in October. (Noel St. John/National Press Club)

A Mexican journalist who sought asylum in the United States in 2008 was arrested by U.S. immigration agents this week and told he would be deported, though an appeals board temporarily halted his removal Friday — sparing his life for now, he said.

Emilio Gutierrez, 54, who in October received a press freedom award from the National Press Club in Washington, said he and his 24-year-old son, Oscar, were taken into custody by Immigration and Customs Enforcement (ICE) on Thursday while trying to enter an appeal to their asylum claim.

“We can’t go back to Mexico. They’ll kill us,” Gutierrez said, using his attorney’s cellphone to speak from an ICE detention center in Sierra Blanca, Texas.

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Mexican president asks Senate to broaden discussion over security bill

12/08/2017 Reuters 

HE_Enrique_Peña_Nieto,_President_of_Mexico_(9085212846)MEXICO CITY (Reuters) – Mexican President Enrique Pena Nieto on Friday asked Senate lawmakers to include civil society’s views in their discussion of a divisive bill that critics say would give the military greater powers and deepen its role in the country’s drug war.

The bill, which enjoys cross-partisan support, aims to regulate federal defense forces’ involvement in the drug war, which has claimed well over 100,000 lives in the last decade.

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Headlines

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1. Miguel Ángel Mancera, Governor of Mexico City, urges the National Action Party (PAN) to define the procedures to elect a candidate to represent the Frente Ciudadano por México coalition in the 2018 presidential election. The Frente coalition is comprised of members from the following parties: National Action Party (PAN), Party of the Democratic Revolution (PRD), and the Citizens’ Movement (MC). Thursday, December 14 is the final day the coalition has to define its candidate selection process for the 2018 election process.

Read more: Reforma, Excelsior, El Universal, Milenio

2. Andrés Manuel López Obrador, the alleged presidential candidate for the National Regeneration Movement party, known as MORENA, announced that granting amnesty for leaders of organized crime groups is a viable option in order to achieve peace in Mexico. López Obrador stated that “we will explore [and analyze] all possibilities [to] guarantee peace and tranquility.”

Read more: Reforma, Expansion, El Universal, Milenio

3. On Wednesday, December 6, Mexican President Enrique Peña Nieto announced the resignation of the Secretary of Public Education (SEP), Aurelio Nuño. Later that day, Nuño stated that he will serve as the campaign coordinator for the Institutional Revolutionary Party (PRI) presidential candidate, José Antonio Meade. Peña Nieto named Otto Granados Roldán to lead the Ministry of Public Education.

Read more: Milenio, El Universal, Excelsior, Reforma

4. Mikel Arriola Peñalosa, the former director of the Mexican Social Security Institute (IMSS) intends to register as an Institutional Revolutionary Party (PRI) candidate to lead the CDMX government in 2018. In addition, Arriola Peñalosa stated he will be involved in the PRI’s internal process that will select a party candidate. Tuffic Miguel Ortega will be the new director of the IMSS.

Read more: Excelsior, El Economista, El FinancieroReforma

Ford Will Build Electric Cars in Mexico, Shifting Its Plan

12/07/2017 New York Times

cars in trafficAlmost a year ago, after heavy criticism from President-elect Donald J. Trump, Ford Motor Company canceled plans to build a $1.6 billion car plant in Mexico and announced that it would instead equip a Michigan factory to make electric and hybrid models.

Now the automaker is changing its plans again, saying it intends to assemble new battery-powered cars in Mexico, not Michigan. But the Michigan location will get an even larger investment than previously planned and will focus on making a range of self-driving cars.

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Exclusive: Uber’s Chinese Rival Didi Chuxing to Enter Mexico Next Year-Sources

12/07/2017 New York Times

uber2MEXICO CITY/SAN FRANCISCO — Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.

Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, after Uber Technologies Inc.

Didi has no cars outside China, meaning Mexico could be its first international operation.

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