Mexican President Enrique Peña Nieto named Arely Gomez as his choice for attorney general Friday, in a move that raised eyebrows due to Gomez’s connection with media giant Televisa.
If confirmed by the Senate, Gomez would replace Jesus Murillo Karam, who stepped down after facing months of criticism over his handling of the case of the 43 forcibly disappeared students.
Gomez happens to be the sister of the vice-president of news at Televisa.
The links between Televisa, the largest media company in the Spanish-speaking world, and Enrique Peña Nieto are well established. Documents unearth by British newspaper The Guardian backed claims that Televisa provided favorable coverage for Peña Nieto in the lead up to presidential elections for a fee. In that case, however, Mexico’s Federal Electoral Court cleared Televisa of any wrongdoing.
Nonetheless, Televisa was the target of protests due to what was widely perceived as biased coverage.
Reuters – Mexico has approved draft auction terms for five shallow water areas containing around 355 million barrels of oil equivalent (boe) as part of its Round One tender opening up oil fields to foreign investors, the country’s energy regulator said on Friday.
By Katherine Corcoran and E. Eduardo Castillo / Associated Press
The full-page ad in Mexico’s national newspapers was unusual, if not unprecedented: 20 powerful business groups and think tanks publicly scolding the government for not doing its job.
They demanded “conditions necessary to do their work … in total security, in all of the country.” The ad, published last month, urged government officials to “honor your oath to observe and enforce the constitution.”
The public criticism by Mexico’s business community underlines the eroding support for President Enrique Pena Nieto’s administration as he enters the third year of a six-year term.
Business leaders are angry over reforms that have increased the tax burden without sparking economic growth, scandals over apparent favoritism and acts of lawlessness that are hurting commerce.
Dow Jones – The House of Representatives approved a series of constitutional amendments aimed at cracking down on corruption, a response to recent scandals inexplicable wealth and alleged conflicts of interest by public servants at the highest levels of the current administration.
The reforms, which are widely expected to be approved by the Senate in the coming days, give greater powers to independent federal office audit may pursue administrative offenses.
WSJ – The Mexican government sold €2.5 billion in nine-year and 30-year bonds Thursday, securing record low yields for the maturities and completing most of its international capital markets financing needs for 2015. Demand for the bonds was 3.5 times the amount sold, with around 400 investors placing more than 600 orders.
Reuters – Mexico’s attorney general Jesus Murillo, under fire for months over his handling of the investigation into the abduction and apparent massacre of 43 students, will step down, a senior government official said on Friday.
Reuters – Mexico has captured the country’s most wanted outstanding drug Lord, Servando “La Tuta” Gomez, leader of the Knights Templar cartel. Gomez was the prime target of Pena Nieto’s drive to regain control of Michoacan, a violent western state wracked by clashes between the Knights Templar and heavily-armed vigilantes trying to oust them.
WSJ – Mexican beverage and retail company Fomento Económico Mexicano , known as Femsa, plans to invest $1.35 billion in its businesses this year. The company expects to spend $850 million on its beverage operations, with the rest going toward logistics, refrigeration and Femsa’s retail business.
Red Bull – Every year it seems like the Red Bull X-Fighters World Tour has pushed the envelope to the limit and has progressed freestyle motocross as far as it can go, and every year we’re proved wrong.The season’s first action comes from Mexico City’s Monumental Plaza de Toros on March 7.
Slate – Playa Del Amor, more commonly known as the Hidden Beach, is a structure of one of the Marieta Islands west of Puerto Vallarta, at the mouth of Banderas Bay. It is rumored that the hole revealing the Hidden Beach was a result of deliberate bombings.
Latin Times – For those who didn’t think Donald Trump’s comments about a Mexican winning big at the Oscars, worry not. There’s so much more. The reality TV show host stood firm on his ideas about Mexico “taking all the gold… as usual” and went on to insult the entire country with a series of tweets saying “don’t do business with Mexico.”
The Guardian – In vast zones of Mexico, especially on the United States border and in areas where drug trafficking prevails, journalists at all levels have been threatened or attacked. Victims include some of the most nationally well-known commentators but more frequently are reporters writing for regional and local media, online and on social media.
AP – Mexico’s National Human Rights Commission said it has received a complaint from inmates at a maximum-security prison, reportedly including top cartel leaders, complaining of poor food and bad conditions.
Reuters – Mexican construction company ICA reported a fourth-quarter loss after reporting a profit in the same period last year. The company reported a loss of 2.082 billion pesos ($141 million), compared to a profit of 520 million pesos in the year-earlier period.
Reuters – Mexico broadcaster Televisa reported a 1.6 percent increase in its fourth-quarter profit. The company reported a profit of 2.504 billion pesos ($169.79 million), up from 2.464 billion pesos in the year-earlier quarter.
Bloomberg -Mexico’s top three billionaires — Carlos Slim, Alberto Bailleres, and German Larrea — dominate the country’s telecommunications, mining and retail industries. Next up on their priority list: oil.
Sentido Comun – Fomento Economico Mexicano, or Femsa, the main producer of soft drinks and a major retail chain in Mexico, announced that it will enter directly and aggressively in the business of selling gasoline now that it has no legal impediment to doing so.