Bloomberg – Mexico’s top-performing fund manager says the country’s real-estate investment trusts will thrive as the peso weakens — partly because many commercial-building rents are collected in dollars.
Billboard – Vevo’s Mexico service registered over 1 billion views in November, a significant milestone that now makes the country Vevo’s second largest market after the United States.
EFE – Top energy officials for the United States, Mexico and Canada agreed to the outlines of a “new roadmap” by signing a 15-point agreement including the promise to exchange information and recognizing the need to work on energy security and environmental policies.
International Business Times – Mexico’s vigilantes are back, and angry. The so-called self-defense groups announced their return in full force — a development that underscores how the security situation in parts of Mexico is still dire.
De Zeen – Architectural licensing bodies in the United States, Canada and Mexico have forged an agreement to allow architects to work across North American borders.
Reuters – Fiat Chrysler Automobiles has resumed exports from Brazil to Mexico after a more than three-year hiatus due to weak Brazilian demand and a more favorable exchange rate.
The Street – With prices of crude oil at fresh five-year lows, investors are wondering when Saudi Arabia might finally cry uncle, cut oil production and reverse the dramatic slide in oil prices. Yet Mexico, a non-OPEC country and third largest exporter of oil to the U.S. behind Canada and the Saudi Arabia, could have nearly as much near-term influence on oil prices as Saudi Arabia if they cut their own production.
By Richard Marosi/Los Angeles Times – Company stores, called tiendas de raya, are a stubborn vestige of an oppressive past. The country’s export farms have modernized rapidly in recent years to meet U.S. food safety standards and satisfy Americans’ appetite for fresh fruit and vegetables year-round. But the company stores operate as they have for generations: as mom-and-pop monopolies that sell to a captive clientele, post no prices and track purchases in dog-eared ledgers.
Bloomberg – Grupo Mexico is in negotiations to buy a 20 percent stake as the first step to take control of the company, newspaper Gestion said, without naming its sources.
De Zeen – Chicago firm JAHN and Mexican office ADG have teamed up to design a stadium for Mexican baseball team Los Diablos Rojos with a pointed roof modelled on a devil’s trident.
The Tower – Israel and Mexico announced a cooperation agreement for industrial research and development in water management, desert agriculture, pharmaceutical and other ventures.
EFE – Mexico City’s Metro system will be expanded by 45 kilometers (about 28 miles) in different areas of downtown, with work on the project expected to start in 2018.
Human Rights Watch – Mexico’s Health Ministry issued new guidelines to ensure access to palliative care for people suffering from pain due to incurable illness.
AP – President Barack Obama said that the U.S. has offered to help Mexico figure out what happened to 43 college students who have been missing since September.
SMH – When the workers of a Mexican cement factory decided to form a football club 87 years ago, few could have envisaged it would grow into being one of best in North America.
Reuters – Mexico said will cap the number of shallow water contracts companies can bid for as it outlined the tender for the first leg of the country’s energy sector opening.
Bloomberg – KKR & Co. is looking at possible investments in Mexico as the nation ends a seven-decade state monopoly in oil production, said David Petraeus.
Financial Times – Mexico is developing gas futures contracts to exploit demand for hedging tools as the country opens up the hydrocarbons sector it has closed for nearly 80 years.
Sky News – A Mexican hitman, who claims to have killed as many as 900 people, explains how the police and the military are often involved in the planning and execution of his murders.
Plastics News – With electricity in Mexico between 25 to 73 percent more expensive than in the US, variable frequency drive energy-saving technology is proving popular.