Bloomberg – Raven Petroleum and MMEX Resources are building refineries in the Eagle Ford and Permian Basin, Texas, that will process ample local supplies of light crude into gasoline and diesel. The fuel will be shipped on existing rail lines across the border to Mexico.
Bloomberg – When an angry mob torched City Hall in the southern Mexican town of Tecpatan last month, it sent a warning flare across a country already thrown into turmoil by Donald Trump.
The outrage was over oil, specifically the government’s plan to auction off a swath of land around their farming community to private drillers. The fact that today’s target is the government’s energy policy could spell trouble ahead.
KPBS – The San Diego Regional Chamber of Commerce signed a historic memorandum of understanding with Mexico’s Senate on Tuesday, expanding the influence of San Diego and northern Baja California leaders on Mexican legislation related to ports of entry, trade and immigration.
AP – Mexico’s Catholic council of bishops says a priest has been killed in the Pacific coast state of Nayarit.The council identifies Felipe Altamirano Carrillo as an Indigenous priest and says he was killed early Monday.
Reuters – Italy’s Eni said it expects that its recent crude oil discovery off the coast of Mexico would hold more than the 800 million barrels of oil it originally estimated. “This is an important find and we’ve found new layers of good light oil that make us think there’s more,” Chief Executive Claudio Descalzi said.
Science News – Remnants of a royal palace in southern Mexico, dating to between around 2,300 and 2,100 years ago, come from what must have been one of the Americas’ earliest large, centralized governments, researchers say.
JTA – Mexico City Mayor Miguel Angel Mancera laid the foundation stone of a Jewish community center in the Cuauhtemoc borough estimated to cost nearly $5.3 million. “The Jewish community is showing a substantial, permanent impulse, honoring ancestral values of their people, but living with this dialectic of Mexico, showing affection to the city and to all who live here,” he said.
Financial Times – Carlos Slim’s Giant Motors will begin manufacturing cars in Mexico in a joint venture with China’s JAC Motors as they focus on the Latin market. Two Chinese-designed and largely Chinese-manufactured sport utility vehicles will be launched as the new venture aims to cash in on Mexico’s booming domestic car market.
By J.J. Gallagher / ABC
In a withering editorial published on Sunday, the Roman Catholic Archdiocese of Mexico said that Mexican firms interested in helping build President Donald Trump’s proposed border wall are “traitors to the homeland.”
“It is not two or three, but more than 500 companies,” from Mexico expressing interest in Trump’s proposed border wall, the editorial says. “For them, the end justifies the means.”
Building a wall along the nearly 2,000-mile U.S. border with Mexico was estimated by congressional Republicans to cost $12 billion to $15 billion. An internal report prepared for Homeland Security Secretary John Kelly estimated that a wall along the entire border would cost about $21 billion, according to the Associated Press.
After repeatedly claiming that Mexico would pay for the wall, President Trump requested $2.6 billion to start the initial planning and construction in his 2018 budget request. Congress is expected to take up the proposed budget before the end of the fiscal year in September.
The editorial, published in the Archdiocese’s weekly publication Desde la fe, lambasted the wall as “an open threat that violates relations and peace.”
Financial Times – Mexico, the world’s biggest buyer of US corn, is considering offering duty-free access to Brazilian and Argentine maize as an alternative to American imports in a move that could have big consequences for US farmers worried about Donald Trump’s trade and tax agenda.
ESPNfc – Javier “Chicharito” Hernandez’s goal on Friday against Costa Rica in World Cup qualifying wasn’t the be-all and end-all when it comes to his status as a Mexico legend. But the goal — which brings him temporarily level with Jared Borgetti on 46 goals — means that Hernandez’s place as Mexico’s top scorer is consolidated. And considering “Chicharito” is still only 28 and likely has two more World Cups in him, it will be a long time before anyone overtakes his eventual haul at the top of the list.
San Diego Union-Tribune – With Donald Trump’s presidency creating a rift in U.S.-Mexico relations, dozens of San Diegans and bajacalifornianos are joining forces this week in Mexico’s capital, aiming to showcase their strong bilateral relationship and win support for border projects. Close to 90 people are making the trek from the border to Mexico City for three days of meetings with high-level Mexican officials that begin Monday. They carry a common message: that neither Trump’s plans for a fortified border wall and nor his call to re-negotiate the North American Free Trade Agreement will change the fact that Tijuana and San Diego are intensely inter-dependent on many fronts.
News4 – More than a hundred Americans and Mexicans came together for a rally between the two countries Saturday afternoon on the International Bridge between Acuña in Mexico and Del Rio in Texas. “It’s a reality on the border. Every border state – in the states, in Mexico – we’re interdependent and you can’t deny it,” said Jorge Ortiz, a dual citizen living in Acuña.
Stuff – New Zealand’s Artem Sitak has struck good form ahead of the Davis Cup clash against Korea in just under two weeks, claiming the doubles title at the $50,000 Guadalajara Challenger in Mexico. Sitak, ranked 55th in the world, and Mexico’s Santiago Gonzalez beat Australian fourth seeds Luke Saville and John-Patrick Smith 6-3 1-6 10-5 in the final.
Bloomberg – Mexico plans “without a doubt” to protect the country against low crude prices for next year, Deputy Finance Minister Vanessa Rubio said, in a continuation of what’s become the world’s largest commodities hedging program. The amount of Mexico’s export basket to be protected through market operations, versus through its stabilization fund, has yet to be determined,
Renewables Now – The Mexican renewables unit of Enel has started construction of a 200-MW wind farm in Coahuila, the Italian energy group announced. The Amistad plant will require a total investment of about $300 million.
Goal -Mexican coach Juan Carlos Osorio has fewer vocal critics after Friday’s victory over Costa Rica, but seems genuinely indifferent to outside support or criticism.
WSJ – Mexico’s share of North American light-vehicle production topped 20% in the first two months of 2017, gaining regional share from the U.S. and Canada as the amount of popular pickups and SUVs made south of the border sharply increased. The development heightens the stakes as auto makers await potential changes in trade rules by the Trump administration.
VOA – About 100 journalists and free-speech supporters demonstrated Saturday to protest the killing of a Mexican reporter gunned down in the northern state of Chihuahua on Thursday. Miroslava Breach was the third journalist to be killed this month in one of the most dangerous countries for media workers. Those present held up signs with slogans like “Killing reporters doesn’t kill the truth.”
By Andrew V. Pestano / UPI
Mexican Foreign Minister Luis Videgaray said that if North American Free Trade Agreement negotiations don’t benefit all parties involved, the country is willing to “step away” from it.
In an interview with Bloomberg, he said pulling out of NAFTA would be a last resort.
“If what is on the table is something that is not good for Mexico, Mexico will step away from NAFTA,” Videgaray said.
“Both parties have leverage with each other. The questions is: Can you pull your leverage without hurting yourself? Probably not. We’re not approaching this in that sense. It should be a constructive process,” he added.
Videgaray said Mexico’s relationship with the United States goes beyond trade; it already affects the politics of Mexico ahead of a presidential election in which NAFTA could be a wedge issue.
Mexico will hold presidential elections in 2018. During an interview with Bloomberg, Videgaray said he anticipates negotiations between Mexico, Canada and the United States over NAFTA could begin in the summer.
When asked if negotiations could begin later and spill over into 2018, during Mexico’s presidential cycle, and make relations with the United States and trade a key issue, Videgaray said those issues are the reasons the Mexican and U.S. governments must work constructively.
“That’s something that goes beyond trade, is the way that Mexico feels about the U.S., and that’s why I think it’s so important to work constructively, in good faith, work closely toward getting a good understand and a good deal for both sides,” he said.