Banco Bilbao Vizcaya Argentaria and Bank of America will serve as the underwriters for Mexico’s education infrastructure bonds, as President Enrique Pena Nieto targets raising 50 billion pesos ($3 billion) through 2018 to improve underdeveloped or crumbling schools, largely in the poorer south.
Reuters – Mexico’s state oil company Pemex has received a license from the United States to import U.S. light crude in exchange for its own heavier crude oil, but with a lower ceiling than originally planned.
Reuters – Mexico posted a $1.205 billion trade deficit in September when adjusted for seasonal swings, the national statistics agency said on Tuesday.
Sentido Comun – Italian renewable electricity company Enel Green Power announced the start of construction of the new wind farm Palo Alto, where it will invest $ 250 million to consolidate its presence in the Mexican market.
SDP Noticias – Mexico’s Grand Prix of Formula 1 could be overshadowed by a protest by residents of five colonies of the delegation Iztacalco, who claim they have been without water because of the remodeling of the Autodromo Hermanos Rodriguez.
An international scientific expedition has spotted up to 25 individual specimens of a near-extinct small porpoise in Mexico’s Gulf of California, amid efforts to save the critically endangered vaquita marina.
The environment ministry said that the rare sightings of the world’s smallest porpoise were made during the first 20 days of the Vaquita Expedition 2015, which started Sept. 26.
The scientists cautioned, however, that some of porpoises might have been counted more than once as the same may have been seen several times.
The mission seeks to obtain a precise estimate of the abundance of vaquitas in the region since the government announced in April a ban on gillnets blamed for nearly decimating the specie.
The 13-member expedition aboard the Ocean Starr ship includes scientists from Mexico, the United States, Britain and Germany using six huge binoculars called “big eyes.”
AP – Prosecutors in north-central Mexico say they have found the severed heads of four men packed into Styrofoam coolers along with gang messages directed at rivals. The victims have not yet been identified and their bodies have not yet been found.
Fox News – Mexico might be famous for its taco stands and tequila, but it’s the stylish and secluded hotels that keep luring us back. From private ocean-view villas on the Riviera Maya to minimalist eco-lofts in Ensenada’s burgeoning wine country, our favorite resorts combine classic Mexican hospitality with elegant amenities and forward-thinking design.
LAT – Days after Hurricane Patricia made landfall on Mexico’s western coast, much of the destruction was limited to flooding and wind damage to homes, as well as power outages and small mudslides. Mexican President Enrique Peña Nieto attributed the outcome to government planning and experience with previous natural disasters.
Reuters – BTG Pactual, Latin America’s largest independent investment bank, plans to expand into fixed income and the energy sector in Mexico, the unit’s new chairman, Guillermo Ortiz, said.
Reuters – It might not look its best after a visit a few days ago by Hurricane Patricia, but this is Costa Careyes, home to some of the world’s most exclusive holiday homes. The Mexican playground of the rich and famous has been ravaged by the storm.
Sentido Comun – Three skyscrapers apparent along Paseo de la Reforma give the capital a new aura of modernity and development. Soon, in that small urban space that some are calling the Little Mexican Manhattan, a new 50-story tower will be erected.
Sentido Comun – Grupo Industrial Saltillo plans to spend $74.7 million for the Polish company ACE Group to produce iron components for aluminum brake systems for light vehicles.
Sentido Comun – International Container Terminal Services (ICTSI), the operator of the port of Manzanillo, obtained a loan of $117.5 million from the International Finance Corp. to modernize and expand the maritime terminal.
Sentido Comun – LaLa Group, the leading producer of dairy products in Mexico, said revenue rose 7.5 percent while earnings before interest, taxes, depreciation and amortization, or Ebitda, rose 24 percent in the third quarter compared to the same period of 2014.
Sentido Comun – G6 Hospitality has started construction of a new $63 million Studio 6 hotel in Puerto Vallarta. The hotel will have 114 suites designed for long-stay guests and open in March 2016.
Sentido Comun – Remitly, a US company dedicated to transferring money via mobile devices, is launching its services from the US to Mexico, which will be its third largest market outside the U.S.
Sentido Comun – Schneider Electric, a specialist in energy management and process automation company, will open a paint plant in Nuevo Leon in the last quarter of next year.
La Jornada – The Trans-Pacific Partnership Agreement (ATP), negotiated among 12 nations, will cause a rise of 1.3 points in the Mexican economy in the first five years, said Mexican Minister of Economy Ildefonso Guajardo.
Global Voices – Reports of a looming humanitarian crisis are emerging from the mountain region in Sinaloa, Durango, and Chihuaha the military moved in to capture drug dealer Joaquín “El Chapo” Guzmán. Close to 600 refugees have been displaced from their communities since a population exodus from the mountains started last week.