Reuters – Swiss bank Credit Suisse has recruited at least a dozen wealth managers in Mexico from rival UBS, a source familiar with the matter said, part of efforts to beef up its private banking business.
KING5 – A Seattle man is desperate to find his wife. 26-year-old Jenny Chen was on a two-month backpacking trip through Mexico, when he says she disappeared.
Weekly Times – The first shipment of Australian live cattle in eight years is being sent to Mexico this week. The previous protocol lapsed because there wasn’t commercial interest for the market, however since the Australian dollar has fallen and Mexico has a reduced herd due to drought sell-off, there is now demand.
WSJ – Retailer Wal-Mart de Mexico said its net profit rose 30 percent on the year in the first quarter as healthy consumer spending continued to stoke sales. Walmex reported quarterly net profit of 6.72 billion pesos, or $387 million.
Sentido Comun – Mexichem says it will experience a shortage in the coming weeks of vinyl chloride monomer pipes because of the explosion at its plant in Coatzacoalcos, Veracruz.
Sentido Comun – Mexican exports fell again in March, the ninth straight month making it clear how the Mexican economy has suffered from the global economic slowdown and falling oil prices.
Sentido Comun – Grupo Bimbo, the world’s largest bakery company, reported a 13.2 percent increase in sales during the first quarter of 2016, a development driven mainly by the exchange rate and a good performance in Latin America.
Sentido Comun – El Puerto de Liverpool, the company that owns the largest chain of department stores in Mexico, increased its revenues by 12.4 percent during the first quarter of 2016 compared to the same period last year.
Sentido Comun – Grupo Elektra, a leading financial services company, reported a 3 percent drop in revenue in the first quarter due to the poor results obtained by its banking subsidiary Banco Azteca.
Sentido Comun – Simec Group, a supplier of special steel products in Mexico and the United States, reported a 12 percent drop in revenue during the first quarter of this year compared with the same period last year, mainly due to a fall in exports.
Dario de Coahuila – Hundreds of Tzotzil Indians in the municipality of Chenalhó took the local council Tuesday and kept deputies and hundreds workers and journalists locked up to demand the resignation of Mayor Rosa Pérez Pérez.
Dario de Yucatan – The new Transparency Act, passed recently by Congress will face a first and main problem: the lack of a budget to implement it.
Proceso – In presenting its final report to Senate panels, the Interdisciplinary Group of Independent Experts (IMCI) expressed concern about the situation of victims in Mexico, questioned the lack of mechanisms to “restore confidence” and stressed that the most serious problem is the current “uncertainty” surrounding the investigation of the events of Iguala.
By Jose de Cordoba and Dudley Althaus / Wall Street Journal
International investigators invited by Mexico to help solve the disappearance and probable killing of 43 college students nearly two years ago released a scathing 608-page report detailing how constant obstacles put up by the Mexican government and the widespread use of torture in criminal investigations sabotaged their probe.
The investigators said that evidence showed Mexico’s federal police and the police of Guerrero state had a role in the disappearances of the students that night—an incident that shook the nation. They said the disappearances and presumed killings of the students appeared to be a coordinated effort involving different security forces.
The Mexican government this month declined to extend the contract of the investigative team, which works for the Inter-American Commission of Human Rights, or CIDH, the human-rights branch of the Organization of American States. The investigators’ contract ends April 30.
The five experts said they couldn’t ascertain the fate of the 43 missing students. But they said there is no evidence to support the government’s thesis that the students were killed and their bodies burned at a garbage dump. The students were stopped by municipal police in league with a local drug gang in Iguala, a city in the violence-torn southern state of Guerrero, an area known for the cultivation of opium poppy and heroin production.
“We don’t know the final destiny of the students,” said Claudia Paz y Paz, a former Guatemalan attorney general and a member of the independent investigative team.
ABC – Mexico’s state oil company says that searchers have recovered four more bodies from a petrochemical plant wrecked by a huge explosion on the country’s Gulf coast, raising the death toll to 32.
Financial Times – Donald Trump wants a wall along Mexico’s northern border. Energy companies are perforating it with pipelines. They are laying steel pipes, some beneath the Rio Grande riverbed, to export billions of cubic feet more US shale gas to markets in Nuevo León, Guanajuato and other Mexican states.
Global Post – Tourists found dead. Video cameras filming under skirts. An attempt to take off a woman’s underwear mid-stride. And a “pandemic” of femicide — all in Mexico. For these reasons and many others, a group of women in Mexico organized a day of action against sexual violence.
Independent – A 5.6 magnitude has struck off the coast of Chiapas near the border with Guatemala. It comes a week after another 6.2 magnitude quake was registered in the Pacific Ocean near the state.
Scientific American – The names and addresses of all 87 million Mexican voters were accessible on the Internet until early last Friday, when authorities took action after a Texas-based security researcher alerted them to the vulnerability.
Breitbart – Mexico’s Human Rights‘ Commission has issued a damming report claiming that a group of Los Zetas cartel kidnappers were tortured, raped and murdered by local and state police officers.