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.

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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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Weekly Summary

Independence Day celebrations took off in Mexico this week, and After Hours took care to recount and illustrate the ringing of the inspirational bell. Meanwhile, business seemed to enjoy the holiday and kicked back, so news flow stayed slow. Telecoms and energy topped the activity list, with Virgin Mobile expanding its distribution network to Ciudad Juarez, while South Korea’s Samsung got a US $80 million engineering contract to modernize PEMEX’ Salamanca refinery. Anima Estudios was reported to be producing a second Top Cat movie, hoping to match the first one’s rush to the top of the revenue league, and DB Metals agreed a business development joint venture for its innovative non-ferrous metals recycling technology with Nano Labs of the US. Univar of the US appointed Marco Antonio Quirino President of its Latin American operations.

Our colleagues from Delta Economics pointed out that Mexican exports are booming – unlike pretty much any other emerging market’s.

Hot Tamales! explored the ingredients for Chamoy Sauce with Rick Bayliss’ tuna ceviche.

Hasta la próxima!

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Weekly Summary

Offices must be kicking back and enjoying the first breaths of autumn. This week’s corporate news flow slowed considerably from last week: only Grupo Televisa made a splash, selling its 50% holding in Grupo Iusacell to Ricardo Salinas, who owns the other 50% and who’s now expected to make the rounds looking for an international telecoms partner. Grupo Televisa’s also in the IFT’s sights, though, as the telecoms regulatory prepares a study on cable TV market power by incumbent operators. Investors seemed to be replenishing their war chests, as Actis and Alta Growth and US angel investor platform Gust all announced new market initiatives. Mexichem launched a US $750 million bond to refinance debt, pay for acquisitions, and other corporate use. Our friends at Delta Economics note that electronics “re-shoring” to be closer to the key US market is increasingly active and centred on Mexico.

After Hours listened in as César Galindo described his CZAR fashion line at New York Fashion Week, while Hot Tamales wore out some shoe leather touring Mexico’s street food outlets.

Hasta la próxima!

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