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Thursday, 9-Jan-2014 03:32 Email | Share | Bookmark
Update 2-mexico 2013 Auto Output, Exports Hit Records For 4th Ye

"Mexico again reaches a record figure and again wins eighth place among world vehicle manufacturers," Eduardo Solis, president of AMIA, told a press conference. He added that Mexico was the world's fourth-biggest auto exporter. Still, auto production missed initial expectations for 2.95 to 3 million units last year. Solis on Wednesday declined to offer projections for 2014. Sales last year to the United States, Mexico's No. <br>More:

Fishermen in Mexico find two conjoined whale calves

ET Mexico Stocks, Peso Slump on Tapering Concerns Text By Amy Guthrie MEXICO CITY--Mexican stocks slumped Wednesday and the peso weakened after minutes from the last U.S. Federal Open Market Committee meeting showed that most officials see the effects of monthly asset purchases diminishing over time. The IPC index of leading stocks dropped 0.6% to 41516 points while the peso closed at MXN13.1335 to the U.S. dollar compared with MXN13.0160 at the close Tuesday. The Fed decided at its latest meeting to reduce El Informe the bond-buying program amid signs of stronger economic growth. The minutes indicated that most officials backed an initial paring of the program, though some worried the economic recovery might be too fragile. <br>More:

Mexico Stocks, Peso Slump on Tapering Concerns

Also Former Mexican drug czar convicted of aiding cartel dies at 79 In the city of Paracuaro, about 300 vigilantes engaged in a shootout with a criminal group Saturday Panama and took control of the main government building, according to media reports. One vigilante was reported killed. The 11 members of the municipal police force were held by vigilantes and remained in their custody Tuesday afternoon, the state prosecutors office said. On Sunday and Monday, highways in the region were blocked by residents apparently upset that the self-defense groups had taken over, although vigilantes, in social media messages, said the Knights Templar were behind the protests. Paracuaro Mayor Lucila Barajas has asked the federal government to intervene to free the police officers. <br>More:,0,1418583.story

Mexico vigilantes take over government building, hold 11 officers

Mexican officials say fishermen have found two conjoined gray whale calves in a lagoon in Baja California. A government biologist, Benito Bermudez, said the whales were found alive in the Ojo de Liebre lagoon but died shortly after being born. He said they were linked at the waist, with two full heads and tail fins. Every year, thousands of gray whales swim south from the US state of Alaska to warmer waters in Mexico where they mate and give birth. Mr Bermudez, who works for Mexico's National Natural Protected Areas Commission, or CONANP, described the discovery as "exceptionally rare". view "It's the first record we have of this event in the history of whale censuses we've conducted since 1985," he told the EFE news agency. He said scientists were collecting skin, muscle and baleen samples to study the creatures. <br>More:

Mexico’s Fox: he’s back, with an energy fund – UPDATED

The currency also fell as a report showed U.S. companies added the most employees in a year, fueling concern that the Federal Reserve will reduce at a faster pace bond purchases that have bolstered demand for emerging-market assets. The combination of the strong employment number out of the U.S. and the very weak Mexican consumer confidence print has renewed pressure on the peso, Eduardo Suarez , a Latin America foreign-exchange strategist at Bank of Nova Scotia , said in an e-mailed response to questions. The currency fell 1.4 percent last year as Mexicos economy was projected by analysts to expand 1.3 percent in 2013, the slowest pace since a recession in 2009. <br>More:

Mexico Currency Declines as Consumer Sentiment Misses Forecast

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