EFE – The Binational Mexico-Cuba Chamber of Commerce was created with an eye toward being an ally to Mexican companies wanting to expand trade and investment on the communist island at a historic moment after the strengthening of bilateral relations.
Goal – The biggest surprise in Mexico ‘s provisional roster is that there’s no surprise. Juan Carlos Osorio has shown a predilection for a quirky move here or a strange call-up there, but he did nothing unusual with his 40-man Copa America roster.
Fox News – Mexico City authorities have declared a new pollution alert and will require 40 percent of cars to keep off the streets today, Tuesday. The alert marks the second time in less than a month that the alert level has been reached.
CCTV -The $1.2 billion China-Mexico private equity fund managed by a World Bank unit announced that it was investing $140 million in a U.S. backed energy firm, Citla Energy in Mexico.
Harper’s Bazaar – Your challenge: you have one day and night in Mexico’s emerging Valle de Guadalupe, located two hours south of San Diego. Here’s how to hit the chicest and most delicious spots and tour the Valle the way it was meant to be experienced–all in 24 hours.
Sentido Comun – Sales of soft drinks are intensifying two years after Mexico imposed a tax of about 10 percent to sugary drinks. The tax was an attempt to limit the alarming rates of obesity and diabetes in a country where per capita soft drink consumption is the highest in the world.
Sentido Comun – Nova Energy Infrastructure (IEnova), a company specializing in transportation, distribution and storage of fuels, won the tender to build the pipeline Empalme Ramal in Sonora.
Sentido Comun – Ford Motor Co. was fined 18 million pesos ($1.05 million) by the Federal Attorney for Environmental Protection (Profepa) for selling 4,690 cars without environmental compliance certificates.
Sentido Comun – Party City Holdco, a US retailer specializing in items for parties, announced the opening of its first store in Mexico, as part of its alliance with Oprimax Group, the holding company of Office Max in Mexico.
Sentido Comun – Mexican construction group Empresas ICA will present a restructuring plan to cut and extend the terms of its debt. It is cutting the size of its board and has named four new directors after the departure of the two brothers Quintana Kawage, family members with the largest stake in the company.
El Dario – Mexico City’s total debt in the first quarter of 2016 reached its highest level ever. At March, it reached 8.2 billion pesos, equivalent to 47.6 percent of its gross domestic product.
El Dario – Cemex reached an agreement for the sale of certain assets in the United States to Grupo Cementos de Chihuahua, for $400 million. The assets, which will be sold, consist mainly of cement plants in Odessa, Texas; Lyons, Colorado; and three cement terminals and business supplies in El Paso, Texas and Las Cruces, New Mexico.
By Patrick Gillespie / CNNMoney
Brazil is in a political crisis and severe recession. Its president, Dilma Rousseff, could be impeached this year. Brazil’s debt has also been downgraded to junk status.
Meanwhile, Mexico is growing, politics are relatively stable and its debt was upgraded in 2014.
“Right now Mexico and Brazil are as different as they come, this is day and night,” says Alberto Ramos, head of Latin America economic research at Goldman Sachs.
Mexico’s economy grew 2.7 percent between January and March compared to a year ago, according to government figures.
That’s not stellar growth but it’s a lot better than Brazil’s economy, which shrank 3.8 percent in the fourth quarter last year and its central bank estimates the economy will contract 3.5 percent this year.
Experts say this divergence between Latin America’s two top players results from two very different strategies: populist policies with lots of public spending versus economic reforms, spending cuts and a diverse economy.
Reuters – Mexico’s federal competition commission (Cofece) approved Aeromexico’s deal with Delta with certain conditions. Aeromexico and Delta have asked the U.S. government for immunity from antitrust law so they can coordinate better flight connection times and prices.
Politico – The Senate finally confirmed Roberta Jacobson to be the U.S. ambassador to Mexico last week, ending a months-long delay of her nomination that was ultimately resolved by a complicated deal that drew in two Senate Republicans who had vied for president.
WSJ – Mexico’s economy picked up pace in the first quarter of the year, growing more than expected as services remained buoyant and industrial production showed signs of improvement.