Seeking to improve understanding, communication, and cooperation between Mexico and the United States by promoting original research, encouraging public discussion, and proposing policy options for enhancing the bilateral relationship.
Reuters, 05/30/2023
Mexican bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in Heineken, the second large offering in its divestment of holdings in the Dutch brewer.
The shares are equivalent to a stake of about 5.9% in Grupo Heineken, the Mexican company said in a statement.
Reuters, 5/26/2023
MEXICO CITY, May 26 (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup (C.N) after the U.S. bank announced plans this week to pursue an initial public offering of the business.
Lopez Obrador, speaking at a press conference, noted that the bank had also said it wants the unit known as Banamex to have Mexican shareholders.
Citi on Wednesday said it was planning an IPO for the Mexican unit, abandoning earlier plans for a sale, prompting Lopez Obrador to announce that the Mexican government could invest in Banamex and had up to $3 billion at its disposal.
NBC News, 5/25/2023
MEXICO CITY — Mexican President Andrés Manuel López Obrador on Thursday urged Latino voters not to back Florida Governor Ron DeSantis in the next U.S. presidential election, accusing the Republican politician of trying to win votes at the expense of migrants.
DeSantis said Wednesday he would seek the 2024 Republican nomination for president and vowed to build a wall on the Mexico border, the latest in a series of hardline comments on immigration that he says resonate with Latino voters who want strong enforcement.
López Obrador dismissed those comments.
Excelsior, 26/5/2023
El peso mexicano se apreciaba en el arranque de la jornada y el precio del dólar hoy 26 de mayo de 2023 iniciaba la jornada en 17.69 unidades por cada billete verde; conoce aquí cuál es el tipo de cambio en bancos de México.
El Diario Oficial de la Federación situaba en 17.82 pesos por cada dólar el tipo de cambio en el arranque de la sesión de este viernes.
Reforma, 26/5/2023
Cd. de México (26 mayo 2023).- El Presidente Andrés Manuel López Obrador aseguró que explorará todas las posibilidades para que el Gobierno federal adquiera un banco.
Esto luego que Citi frenó la venta de Banamex pues lo hará mediante una Oferta Pública Inicial (OPI) en la Bolsa de Valores en 2025, con lo que canceló la posibilidad de venderlo al empresario Germán Larrea o al Gobierno federal.
“Decirles que no descarto, el asunto es nada más el tiempo, no descarto que podamos hacer una solicitud para tener un banco, podemos cumplir con todos los requisitos, ya todas las operaciones se hacen por aplicaciones, ya no hacen falta las ventanillas”, afirmó en conferencia mañanera.
The Guardian, 5/25/2023
Mexican authorities have raised alert levels following an increase in the activity of the Popocatépetl volcano and for a while airports halted flights. Popocatépetl (meaning ‘Smoking Hill’ in the native Aztec language Nahuatl) is one of the world’s most closely monitored volcanoes. It rises only about 72km southwest of Mexico City, home to about 9 million people, or around 22 million including the metropolitan area.
Reuters, 5/25/2023
MEXICO CITY, May 24 (Reuters) – Mexican President Andres Manuel Lopez Obrador’s increasing attacks on adversaries and interventions in the economy are part of a calculated drive to cement his legacy and consolidate support for his successor in an election next year.
The veteran leftist on Friday spooked investors when he ordered the temporary occupation of a section of privately-held railway line he views as crucial for one of his signature public works aimed at boosting development in Mexico’s poorer south.
On Wednesday, it emerged the firm whose rail unit controlled the section – Grupo Mexico – was no longer in the running to buy the Mexico unit of U.S. bank Citigroup, which said it would instead pursue an initial public offering. Some people familiar with talks blamed the railway spat for the collapse of the deal.
Excelsior, 25/5/2023
Después de que en las últimas semanas se reportaran casos de meningitis en Tamaulipas, el presidente de México, Andrés Manuel López Obrador, informó esta mañana que dichos eventos ya son investigados por personal de su gobierno, pues todo apunta a que se utilizó medicamento en mal estado.
El mandatario reconoció en su conferencia mañanera de este miércoles 25 de mayo, tener información sobre la muerte de personas por bacterias en clínicas de Matamoros, Tamaulipas, mismas que lamentó.
En este sentido, el político tabasqueño apuntó que esta situación se presentó debido a un medicamento que es usado para la anestesia durante cirugías plásticas, el cual está en mal estado y se aplicó en dos hospitales privados de Matamoros.
Reforma, 25/5/2023
Monterrey, México(25 mayo 2023).- La renovación de la concesión del Aeropuerto Internacional del Norte (ADN) fue negada ayer por órdenes directas del Presidente Andrés Manuel López Obrador, informaron fuentes extraoficiales.
El ADN es un aeropuerto privado sin operación de líneas comerciales de pasajeros, donde tienen sus hangares consorcios empresariales neoloneses.
Los informantes revelaron que hubo una reunión entre integrantes del Consejo de Administración del ADN, Jorge Nuño, Secretario de Comunicaciones y Transportes, y el General Miguel Vallin, director de la Agencia Federal de Aviación Civil (AFAC).
Reuters, 05/24/2023
Citigroup Inc (C.N) scrapped a $7-billion sale of its Mexican consumer unit and will list it instead, in a surprise move that delays the bank’s overhaul and will likely feed into investor anxiety about the country’s leftist president.
Citi said it plans to list the business, called Banamex, in 2025 and resume a “modest level of share buybacks” this quarter.
The bank is considering a dual stock listing, possibly in Mexico City and New York, for the unit, two sources familiar with the matter said.
Mexico Institute 