JPost – The Mexican government has purchased an advanced intelligence-gathering drone made by Israel defense company Aeronautics designed to provide intelligence, surveillance, and reconnaissance flight missions.
Reuters – Mexican telecommunications firms Alestra, a unit of industrial conglomerate Alfa, and Axtel announced they would merge to better rival Carlos Slim’s America Movil, which currently dominates the market.
Dow Jones – The construction industry in the United States has lost more than half a million workers born in Mexico since 2007, thereby contributing to a shortage of labor that is likely to raise housing prices, according to a new analysis.
NSS Oaxaca – Mexico’s Supreme Court of Justice ruled that clauses in Oaxaca’s Constitution that regulate various issues in electoral matters are unconstitutional.
By Elisabeth Malkin / New York Times
As the price of oil was plummeting in July, the Mexican government auctioned off leases to explore blocks in the Gulf of Mexico. With energy companies retrenching, the auction was a failure.
But Mexico’s fortunes changed on Wednesday. In a follow-up auction, the Mexican government put five production blocks up for bid and awarded contracts for three, well above the average for similar auctions in Latin America.
The success of Wednesday’s bidding appeared to put the government’s new oil policy back on track. Mexico has ended more than 75 years of a state monopoly to invite in foreign investment in an attempt to end a decade-long decline in oil production.
Investors were attracted by relaxed rules and by the characteristics of the blocks, which hold probable oil and gas reserves, analysts said.
“I think the message is clear,” said Oscar López Velarde, Ernst and Young’s oil and gas tax leader in Mexico, who advised some of the bidding companies. “As soon as you see a good selection of blocks, you will see people coming into the country.”
NYT – The Mexican government extradited several top drug kingpins to the United States on Wednesday, signaling a change of heart after the stunning escape of Joaquín Guzmán Loera this summer from the nation’s most secure prison.
Reuters – An 5.2 magnitude earthquake caused buildings to shake in Mexico City and triggered quake alarms on Wednesday, but there were no immediate reports of damage.
The New Yorker – The Interdisciplinary Group of Independent Experts (GIEI) report on what happened to 43 student teachers in Iguala has opened up breaches in the way the Mexican government has always operated. The challenges represented by the report can’t be wished away or denied or buried by the usual waves of media propaganda and calumnies.
San Diego Union-Tribune – Jaime “El Bronco” Rodríguez, the first major independent candidate to win an election in Mexico in nearly nine decades, is working to spread the word about his historic victory as governor of Nuevo Leon. “This is a rebirth,” he said. “We are calling this the second Mexican revolution.”
Global Post – Dafne Almazan became the world’s youngest psychologist as she graduated from Mexico’s Monterrey Institute of Technology (ITESM). At just 13 years old, she’s the country’s most famous child prodigy.
Bloomberg – The U.S. became a net oil exporter to Mexico for the first time in more than 20 years as output from shale fields pushed the world’s biggest consumer toward energy independence.
ESPN fc – Mexico Football Federation general secretary Guillermo Cantu confirmed that El Tri sought the services of Jurgen Klopp but were turned down.
Financial Times – Remittances sent home by Mexicans living abroad hit a three-year high in August as many rushed to take advantage of the dollar’s surge against the peso in recent months. Mexicans sent home $2.27 billion last month.
WSJ – The level of common crime in Mexico was stable last year compared with 2013, while the number of kidnappings fell sharply, a government survey published Wednesday showed.
InSight Crime – A new report from Mexico’s National Commission on Human Rights documents the deplorable conditions in the nation’s prisons, highlighting a fundamental obstacle to improvements in security.
Market Watch – Teva Pharmaceutical Industries Ltd. agreed to acquire Representaciones & Investigaciones Medicas, or Rimsa, for $2.3 billion, expanding the Israel-based drug maker’s presence in Mexico.
Houston Public Media – The Carlos Slim Foundation in Mexico announced a $2.6 million grant to scientists at Baylor University who are working on a therapeutic vaccine for Chagas.
InSight Crime – The sons of a top Sinaloa Cartel drug capo from Mexico, known as “Los Mayitos”, are set to take over the family business — if US authorities don’t lock them up first.
TeleSur -Deep in the mountains that El Chapo widely controls and where he is said to remain since he broke out of prison weeks ago, Consuelo Loera granted Univision a rare, but brief television interview in which she called on his billionaire son to seek divine help to confront the problems he faces.
Business Insider – Weeks after Joaquin “El Chapo” Guzmán, the world’s most notorious drug kingpin, broke out of prison (for the second time), the Sinaloa cartel chief’s sons continue to tease the world about his whereabouts.