Weekly Summary

We listened to a provocative podcast this week produced by Freakonomics “Should the U.S. Merge With Mexico?“. If you’re listening to anything we should know about, let us know.

Our colleagues from Delta Economics explains that while Mexican exports are growing with its some of its regional trading partners, it must continue to strengthen its institutions and work on moving its exports base towards more value-added products.

Hasta la próxima!

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Weekly Summary

1,200 Mexican Harvard alumni have returned home, risen quickly in their chosen professions and wield outsized influence.

Cisco to launch next Smart City initiative as part of Guadalajara’s Ciudad Creativa Digital.

Our colleagues from Delta Economics expects Mexico to weather the latest economic storm.

Hasta la próxima!

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Weekly Summary

The Prince of Wales and The Duchess of Cornwall will visit Mexico in November to announce the Year of the UK in Mexico and the Year of Mexico in the UK in 2015 – a programme designed to promote collaboration in the fields of education, science and innovation, culture, and business.

Our colleagues from Delta Economics pointed out that October should be a fruitful month for retailers.

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Weekly Summary

According to eMarketer estimates, B2C eCommerce will rise 20%, to about $11.43 billion, in Mexico this year with compound annual growth at 17.6% by 2017. Separately, eMarketer reports that Mexico’s Twitter base is expected to reach 7.7 million this year, trailing only Brazil, estimated to reach 12.7 million users.

Oil thefts from illegal pipeline taps cost PEMEX $1.7 billion. Environmental impact not insignificant too.

Mexican exports and “re-shoring” will continue to flourish according to the latest forecast by Delta Economics.

Hasta la próxima!

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Weekly Summary

Business continued to kick back and relax this week. There were few transactions announced. Those that were, mostly conformed to the recent trend of boosting the telecoms and energy sector. Riverstone Holdings, Encap and Infraestructura Institucional launched Mexico’s first independent oil and gas exploration and production company, while a survey confirmed that Spanish Telefónica’s system will host the five MVNOs who’re breaking into the newly liberalised telecoms market. The government received its first bid for the construction of a new state-owned mobile network from Ericsson and Alcatel-Lucent, and Grupo Bimbo decided to hang back and study market developments before raising additional capital.

Our colleagues from Delta Economics noted that Mexican exports to major markets, including NAFTA, leading Latin American countries and China will rise at double-digit annual rates in September and October.

After Hours noted that Sophia Loren chose to celebrate her 80th birthday in Mexico City with Carlos Slim and her Hollywood colleagues, leaving only photos of herself in Italy. Hot Tamales reviewed MexGrocer’s recipe for Mexican shepherd’s pie.

Hasta la próxima!

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Company News

Mastercard of the US and Mexican social bank BANSEFI, announce partnership to boost financial inclusion in Mexico via disbursement of social benefits using electronic payments.

Spain’s Telefónica signs-up five MVNOs competing for share of newly-liberalised Mexican telecommunications market: Virgin Mobile, Cierto, Maz Tiempo, Tuenti and Lyca Mobile.

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Fundraising

Mexico’s first independent oil exploration and production company, Sierra Oil & Gas, raises US $535 million from investors Riverstone Holdings, Encap and Infraestructura Institucional.

Mexican real estate investment trust Terrafina, distribution center and light manufacturing developer, says it raised around US $400 million through sale of new tradable certificates.

Mexican baker Bimbo says it postpones follow-on share offering of about 201 million “A” shares to await better market conditions; has until second week of December to reschedule.

Hasta la próxima!

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