Mexico

Mexico Mega Torta Plan

Mexico Raises Taxes on Junk Food to Fight Obesity

MEXICO CITY | By David Brunat | An explosive combination of fast-food sold in every corner of the country and soft drinks cheaper than water has made of Mexico the most obese country of all OECD country members, for the first time surpassing the United States (32.8% of Mexican population is severely overweight, against 31.8% in the US). Amidst a strong opposition from the industry, the Senate just passed a law to raise taxes to fast-food from 5 to 8%.


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Mexico Faces Oil Revolution -and a Dilemma

MEXICO CITY | By David Brunat | “If Mexico is capable of passing its energy reform in a way that enables them to attract foreign investment, it will mean that Canada, United States and Mexico will altogether become the new Middle East in terms of gas and oil production,” U.S. Congressman Henry Cuellar recently said. For some experts the North American country is dealing with its most important political decision of the last century.


Mexico

Mexico must cut oil dependency

BARCELONA | By CaixaBank research team | In order to be effective, pending reforms in Mexico should make public revenue less dependent on oil, such as by eliminating income tax deductions.


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BBVA wants to avoid surprises in Latin America

MADRID | BBVA Chairman Francisco González wants to eliminate all risks in Latin America and avoid the unpleasant situations his Spanish peers Repsol, REE, Iberdrola, Abertis or Aena had to put up with in the continent.





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Chinese and Mexican rain of investments come to Spain

By Julia Pastor, in Madrid | China and Mexico made Spain’s day on Friday. Both countries announced several contracts with Spanish companies in very different sectors, injecting some movement in foreign investment flows into the lately much battered euro economy. While China signed agreements for an amount of €500 million, the Mexican oil company Pemex reported it will invest €247 million in Galicia’s naval sector. In his official trip to…