Egypt attack: Mexico confirms eight nationals died

9/16/2015 BBC News 


A Mexican official confirmed on Tuesday that eight Mexican tourists were among the 12 people who died in an attack by the Egyptian army. The 12 were mistakenly killed by Egyptian security forces in an anti-terror operation on Sunday.

Egypt says it mistook the tourists for Islamist militants, whom its forces were pursuing in the Western Desert. It has apologised, but has insisted the group were in a restricted area. Local sources deny the claim. Egypt has been battling Islamist militants for years, with attacks escalating since the 2013 ousting of Islamist President Mohammed Morsi.

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The Latest: Mexico’s foreign minister to fly to Cairo

9/15/2015 Washington Post

hands holding candle

Mexican Foreign Minister Claudia Ruiz Massieu will fly to Cairo to coordinate support efforts and study firsthand what happened to a group of Mexican tourists who were fired upon by security forces in the Egyptian desert.

In a news conference late Monday in Mexico City, Ruiz Massieu repeated that Mexican authorities were demanding a full investigation into the incident and that her government had still only confirmed that two Mexicans were killed and six wounded in the attack. She said authorities were still trying to find out what happened to another six tourists.

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Mexican Automotive Output Resumes Growth in August After July Decline

9/7/2015 Wall Street Journal

autosMEXICO CITY—Mexican auto production returned to its growth track in August, after hitting a rut in July, with output of cars and light trucks rising 7.7% from a year earlier, the Mexican Auto Industry Association said on Monday.

August production of 292,271 units was a record for the month and brought output for the January-August period to 2.27 million, the association said. A string of record months had been interrupted in July when output slipped 2%.

Both export demand and new-car sales in the domestic market supported production in August. Exports rose 3.5% from a year earlier to 234,668 units, as an 11% increase in shipments to the U.S. and 53% rise in exports to Europe offset lower exports to Canada, Asia and Latin America.

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GE, Mexico’s Pemex sign MOU on energy sector solutions

9/9/2015 Fox News Latino

Energy -electricity_transmission_linesMexican state-owned oil company Petroleos Mexicanos and U.S. conglomerate General Electric agreed Wednesday to work on technological and financial solutions for the oil and gas and electricity sectors.

“The agreement establishes a joint work agreement between the two companies that includes technological and financing solutions for gas compression, power generation and offshore and onshore hydrocarbon production, including deepwater systems,” Pemex said in a bulletin.

Through the memorandum of understanding, GE also will review “opportunities to expand its local capacities in engineering and manufacturing,” the state-owned company added.

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Mexico is a major battleground in the global food wars

8/30/2015 Business Insider

In the last tcorn_mexico_quer_RTR1LB7Q_1wo years, Mexico has become one of the major battlegrounds of the 21st century global food wars. On one side of the battle line is Demanda Colectiva AC, a collective of 53 scientists and 22 civil rights organizations and NGOs fighting to protect Mexico’s extraordinary wealth of food crop biodiversity; on the other is a coalition of the world’s GMO goliaths led by US agribusiness giant Monsanto.

Their ultimate goal is simple: complete control over the Mexican food chain. And in their bid to achieve it, they can count on the unwavering support of Mexico’s Ministries of Agriculture and the Environment.

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Mexico missing students: Investigators denied access

8/18/2015 BBC News

Regional rights activists investigating the case of 43 missing students in Mexico say they have been unable to interview military personnel.

They said soldiers who may have witnessed the students’ disappearance last September could only be questioned via a written questionnaire.

The team from the Inter-American Commission on Human Rights chose not to do this.

It also said security videos containing evidence may have been destroyed.

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Will The Fed Rate Hike Create A Buying Opportunity In Mexico?

07/28/15 Value Walk

During a panel on central bank policies in Switzerland earlier this week Bank of Mexico deputy governor Javier Guzmán Calafell told the audience that the emerging markets such as Mexico are preparing for a financial shock following the first Fed rate hike. But in the last month Bill Gross has called Mexican sovereign bonds one of his best ideas and Bridgewater Associates co-CEO Greg Jensen has been bullish on Mexican growth in general. If investors first reaction to the Fed rate hike is to pull money out of emerging markets that could create a buying opportunity for bonds that Gross believes are already attractively priced.

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