Mexico’s Pemex to reduce stake in first deep water venture

09/27/16 Reuters

pemexMexican state oil firm Pemex will cut its stake to 40 percent from 45 percent in the first planned joint venture with private companies to develop reserves in the Gulf of Mexico’s deep waters, the national oil regulator said on Tuesday.

Global oil majors are widely expected to bid in the December auction to help Pemex develop the Trion light oil field in the Perdido Fold Belt, which lies south of Mexico’s maritime border with the United States.

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Stocks, Mexico Peso Bounce as Markets Score One for Clinton

09/27/16 NBC News

mexican pesosWorld shares swung higher and the Mexican peso surged more than two percent on Tuesday, as investors awarded the first U.S. presidential debate to Democrat Hillary Clinton over Republican Donald Trump.

“There’s a thing called ‘Trump thermometer’,” said David Bloom, London-based global head of forex strategy at HSBC. “If you want to know who won the presidential debate, don’t go to Twitter or Facebook. Just look at the dollar/Mexico peso.”

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In The Debate Donald Trump Was Simply Wrong About VAT And Mexico

09/27/16 Forbes

Donald_Trump)Just one point about last night’s debate (no, sorry, my stomach is not strong enough to wage through more of that much politics). Donald Trump made a claim about Mexico and taxes. He claimed that the VAT there acts like a 16% barrier to American exports to Mexico. And that given the US doesn’t have a VAT then Mexican exports to the US did not face the same problem.

Apologies but this is simply flat out wrong. It’s nonsense, arglebargle if you want to use the technical term. Here’s Trump:

Let me give you the example of Mexico. They have a VAT tax. We’re on a different system. When we sell into Mexico, there’s a tax. When they sell in — automatic, 16 percent, approximately. When they sell into us, there’s no tax. It’s a defective agreement. It’s been defective for a long time, many years, but the politicians haven’t done anything about it.

Who would be Trump’s ambassador to Mexico?

09/28/16 The Washington Post

8566730507_352f080b34_o (1)Don’t laugh — it’s a serious question.

Who would fill the hardest position in a Trump administration? Not Twitter stenographer. Not presidential hairdresser. We’re talking about the man or woman who is going to get Mexico to pay for The Wall.

Career diplomats have typically filled the post of U.S. ambassador to Mexico since the 1990s. The current ambassador, Roberta Jacobson, was just confirmed in April, but could find her tenure cut short if Trump wins the White House.

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How to fix NAFTA

09/27/16 Politico

Clinton signing NAFTA

This election year has seen the most concerted, dangerous attack on free trade since the passage of the North American Free Trade Agreement in 1993. From both the right and the left, leading presidential candidates have savaged NAFTA and the Trans-Pacific Partnership, a 12-country pact among Pacific nations currently awaiting a vote in Congress. No matter what happens in November, these underlying political sensitivities are not going away.

Critics of NAFTA and the TPP are wrong to suggest that free trade is harmful for America. On the contrary, a full retreat into autarky has almost always hurt the U.S. economy.

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Mexican Peso Surges From Record Low During U.S. Debate

09/26/16 Bloomberg

mexican pesosThe Mexican peso, which tumbled to a record low ahead of the U.S. presidential debate, rallied as the event got underway in Hempstead, New York, surging as much as 1.1 percent.

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Data Shows Mexico Losing Battle with Organized Crime

09/27/16 InSight Crime

crime and drugsResults of Mexico‘s antinarcotics strategy in 2016 show that seizures of all types of drugs and of weapons reserved for military use are down while homicides and the production of synthetic drugs and heroin have increased dramatically.

That balance showing negative results on virtually all fronts is drawn from statistics reported by the Mexican government, the United Nations, the US Drug Enforcement Administration (DEA) and the Mexican Army.

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