Sentido Comun – Grupo Industrial Saltillo has established an alliance with Fagor Ederlan, to build a new plant that will produce iron automotive components. The location of the $52 million factory has not been disclosed.
El Universal) .- Soriana plans to curb its investments over the next four years to focus on paying the debt incurred for the purchase of 160 stores from Comercial Mexicana. It plans to open only 10 additional stores in the first months of 2015.
Xinhua – China today, Monday, asked Mexico to ensure the lawful rights and interests of Chinese enterprises, after the Mexican government suspended a proposed high-speed rail.
AP – When the U.S. government backed construction of a new hydroelectric plant in southwestern Mexico, residents rose up and defeated a three-year, $30 million project supported by the little-known Overseas Private Investment Corp.
The fight opened a window into the impacts that residents sometimes encounter in developments backed by OPIC, a U.S. government agency with a low profile but global mission.
South China Morning Post – Mexico has begun accepting new bids on a multibillion-dollar high-speed rail project, two months after the construction deal with a Chinese-led consortium was abruptly cancelled amid allegations of favoritism.
But the China Railway Construction Corp (CRCC) looks poised to clinch the contract again, even after its original winning bid was revoked, say sources with knowledge of the bidding.
Milenio – Public and private investment for wind power generation projects between 2015 and 2018 will be $14 billion, triple the amount allocated in the past eight years.
Bloomberg – Holders of Mexico’s 100-year bonds, the world’s longest-maturity government debt, are one of the biggest beneficiaries of Janet Yellen’s patience. The nation’s $2.7 billion of dollar-denominated notes due in 2110 have gained 6.6 percent since Dec. 17. That’s pushed returns this year to 22 percent, the most among Mexican dollar debt and more than double the 9.3 percent average for emerging markets.
The Tower – Israel and Mexico announced a cooperation agreement for industrial research and development in water management, desert agriculture, pharmaceutical and other ventures.