Globe and Mail – With Donald Trump occupying the Oval Office, Canadians are carefully considering the geopolitical landscape before laying out their purchase plans and Mexico is benefiting. The peso has dropped some 15 per cent against the greenback since Mr. Trump’s victory in November while the Canadian dollar has strengthened. Although most Mexican properties in the desired oceanfront areas are priced in U.S. dollars, local real estate experts still contend it is an affordable market for Canadian investors.
WSJ – Wall or no wall, the nation’s entrepreneurs are moving on. Despite threats ranging from anti-immigrant politics to currency volatility to the rising threat of trade protectionism, the flowering Mexican startup scene has a fallback plan: the rise of homegrown venture capital.
Reuters – The vast majority of German companies operating in Mexico expect U.S. President-elect Donald Trump’s trade policy to have a negative impact on business, though most still plan to invest in the coming year, a survey showed.
Reuters – Foreign direct investment (FDI) in Mexico rose 4.3 percent to $7.896 billion, a record high for the first quarter. The United States accounted for about 29 percent of the total, followed by Israel, Spain, Germany and South Korea.
El Financiero – Mexico fell nine places in the Direct Foreign Investment Confidence Index, according to HV Kearney. It now ranks No. 18 on the index, its worst record since 2012.
Reuters – Foreign direct investment in Mexico rose by a fourth last year to reach $28.382 billion. The United States accounted for 53 percent, followed by Spain, Japan and Germany.
El Economista – The telecommunications sector totaled 18.6 percent of the foreign direct investment flowing into Mexico in the second quarter, a total of $5.419 billion.
Reuters – Mexican mining and railroad company Grupo Mexico expects to invest $1 billion in new oil projects over five years from a mix of contracts and joint ventures with national oil firm Pemex, a top executive said on Tuesday.
CNNExpansión – Dunkin ‘Donuts plans to invest about 424 million pesos ($25 million) in Mexico over the next six years with the opening of 106 stores, with the intention to be a leader in coffee sales.
Clean Technica -China’s largest direct investment in Mexico has come in the wind energy sector. Envision Energy, a manufacturer of low speed wind energy turbines, has acquired a majority stake in a portfolio of wind energy projects with total capacity of 600 MW.
EFE – Gross fixed investment in capital equipment and construction rose 7.6 percent in June, compared to the same month in 2014, the Mexican National Statistics Institute, or INEGI, said.
EFE – Mexico and Hong Kong have announced plans to begin negotiating a Reciprocal Investment Promotion and Protection Agreement, or RIPPA, in 2016, Mexico’s Economy Secretariat said.
Sentido Comun – Mexico’s aerospace industry could attract investment of $1.1 billion by the end of this year boosting exports to more than $7 billion, according to estimates by the journal méxicoNOW.
Financial Times – Julius Baer, the Swiss private bank, announced plans to acquire NSC Asesores, a Mexican financial advisory company, for an undisclosed sum.
Sentido Comun – Gross fixed investment posted its second consecutive increase in April to advance 0.4 percent against March, a good sign that at least companies are increasing investments.
WSJ – AT&T Inc. plans to invest around $3 billion in Mexico to make its high-speed mobile Internet service available to 100 million people by the end of 2018, the U.S. telecommunications company said.
Reuters – Mexico has more investment projects under negotiation with Cuba than any other Latin American country as it seeks to strengthen relations within the region and engage with the Communist-run nation, the country’s head trade official in Cuba says.
Constellation Brands, which owns the Modelo beer business in the United States, said it planned to invest $2.27 billion in the northern Mexican state of Coahuila to expand one of its breweries and a glass plant.
The Detroit News – Republican presidential candidate and billionaire Donald Trump threatened Ford Motor Co. with punitive taxes if the automaker proceeds with a new $2.5 billion Mexican plant that will “take away thousands” of U.S. jobs.
By Andy Tully / Oil Price
The Mexican state-owned oil company Petroleos Mexicanos, or Pemex, says it has discovered one of the most copious group of oil fields in the shallow waters of the Gulf of Mexico, its largest such discovery in five years.
The five fields, situated off the states of Campeche and Tabasco, have total proven, probable, and possible reserves that may be as high as 350 million barrels of crude oil equivalent and could produce as much as 200,000 barrels a day, Pemex CEO Emilio Lozoya told an energy conference in Guadalajara on Wednesday.
He called the find an “achievement … of great magnitude.”
Pemex said the recent finds were the company’s biggest since it discovered the huge Atatsil and Tsimin-Xux oil fields, which were discovered in 2008 and 2010, respectively.
On July 15, Mexico plans its first auction of leases for 14 shallow-water exploration blocks in the same area of the southern Gulf, an event that is expected to open a floodgate of private investment in the country’s energy sector.
“The certain prospect of 200,000 extra barrels of production is very good news for Pemex, for the industry and for our country,” Lozoya told the meeting in Guadalajara.