CCTV – A water treaty signed by the U.S. and Mexico nearly 70 years ago calls for both countries to share resources in times of water surplus and shortage, but U.S. officials say Mexico isn’t holding up its side of the bargain.
El Siglo de Torreon – The Secretariat of Communications and Transportation reported that more than one million digital HDTVs have been given to poor households. The goal is to provide between 12.6 and 13.8 million TVs to the poor.
By Anthony Harrup / Wall Street Journal
Mexico’s version of Black Friday, known as El Buen Fin or “the good weekend,” has seen sales grow annually since its inception in 2011, although in its fourth edition this year growth slowed to 13.7 percent from around 40 percent in its first two years.
A survey by Deloitte suggests that retailers don’t necessarily make their best offers over the long holiday weekend in mid-November, and that while consumers might bring forward some of their Christmas shopping, a vast majority still have more spending to do in December.
AP – Local police in the city of San Fernando in northern Mexico were involved in the 2011 massacres of 193 mainly Central American migrants whose bodies were found in mass graves, federal prosecutors said.
Reuters – Mexican annual inflation unexpectedly ticked higher in the first half of December as a weaker peso threatens to push up consumer prices in Latin America’s second biggest economy.
Reuters – Mexico said it plans to auction high-speed mobile phone spectrum in 2015 for the first time in five years as the government seeks to ramp up competition in a sector long dominated by tycoon Carlos Slim.
EFE – Mexico has welcomed some 2.5 million emigrants who have returned home to spend Christmas with relatives across the country, the National Migration Institute, or INM, said.
Telesur – As several Mexican politicians continue to criticize the United States for deporting thousands of people each year, in 2014, Mexico’s deportations of Central Americans increased by 53.3 percent.
Reuters – Mexico’s tax collection agency (SAT) has reached a deal with a multinational company at the center of a tax-avoidance investigation, and the latter will make a ‘substantial’ payment soon. The company was not named, but Reuters reported that toymaker Hasbro, along with household product maker Procter & Gamble, were at the heart of the tax probe.
Sentido Comun – Grupo Herdez’ agreement to buy Nestle’s ice cream business in Mexico for $68.6 million received negative alerts from Fitch Ratings and Standard & Poor’s.
El Siglo de Torreon – Group Higa has informed the government that it will not participate in the tender to build a bullet train between Mexico City and Queretaro, Its two other Mexican partners in the bid that was canceled when questions were raised about inappropriate gifts also will not participate.
Dossier Politico – The new 2015 campaign finance accounting rules have sparked alarm in political parties that contend the measures to be implemented from January are too rigorous.
Excelsior – The Instituto Nacional de Migración has increased staff to the airports in Mexico City, Cancun, Guadalajara, Puerto Vallarta, Monterrey and Los Cabos to help expedite the entry of foreigners during the holiday period.
El Dario de Yucatan – Mexico’s energy reform will not harm the ejido system or ejidotarios, said Secretary of Desarrollo Agrario, Territorial y Urbano Jorge Carlos Ramirez Marin.
El Siglo de Torreon – Basic goods could increase 10.4 percent over the next two months due to the increase of the dollar, said the president of the Asociación Mexicana para un Comercio Justo.
Al Jazeera – Mexico’s Roman Catholic Church is calling on the government of President Enrique Peña Nieto to make changes to its strategies for dealing with the crisis of violence and impunity that is shaking the country.
Cardinal Norberto Rivera Carrera told reporters on Sunday that such changes “are absolutely necessary” and he emphasized that Pope Francis is monitoring events in Mexico with concern.
Reuters – Mexico’s competition regulator on Sunday approved AT&T Inc’s $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said.
Reuters – The allure of investing in Mexico’s historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.
Financial Times – One-third of the way through his six-year term, Mexican President Enrique Peña Nieto has dazzled investors with his ambitious reform record, the cornerstone of his administration’s broader development program to revitalize the sluggish Mexican economy. But the telegenic 48-year-old leader with a reputation for results-oriented governing has failed to convince his increasingly skeptical domestic constituency that he can deliver the goods.