By EIA Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in U.S. energy trade. In 2014, Mexico accounted for 781,000 b/d, or 11% of U.S. crude oil imports. Mexico’s oil production … Continue reading
Latin American currencies are in the ‘eye of the storm’ as currencies of Brazil, Mexico, and Chile could fall as much as 10 percent in the next few weeks amid tumbling commodity prices, growth concerns in China, renewed Fed fears, and a deterioration of domestic fundamentals, Societe Generale (SocGen) said in a bearish report published on Tuesday. SocGen is advising … Continue reading
By Taylor Butch The Nicaraguan canal, once completed, will be deeper, wider, and nearly three times as long as the Panama canal, and this waterway is expected to transform Central America and the surrounding region. Construction of the $50 billion, 172-mile-long waterway that would transport goods between the Pacific Ocean and the Caribbean broke ground on … Continue reading
By Andrew Korybko Chinese Premier Li Keqiang is visiting South America, and it’s expected that he’ll formalize its regional version of the Silk Road, the Twin Ocean Railroad, during his trip. This far-reaching project endeavors to construct a 5,300 km railroad from Brazil to Peru, traversing some of the world’s most difficult and sensitive terrain. Along … Continue reading
By Mel Gurtov The American people have become used to government trickery in foreign affairs—wars and interventions based on lies and falsified evidence, “national security” used to justify the whittling away of privacy, classification of documents to hide embarrassing disclosures, massaging of budget figures to mask outrageous spending on arms, and demands for new weapons when … Continue reading
By Dr. Daniel Friedheim Businesses report that Mexico’s level of money laundering, bribery, and conflicts of interest is higher than Brazil’s. Mexico ranks only 103rd of 174 countries on fighting corruption, according to Transparency International, better than Russia but worse than Brazil, India, and China. So it is easy to imagine how a corruption mega-scandal … Continue reading
By Sputnik News Russia and Nicaragua signed on Thursday an intergovernmental agreement on simplified procedures, allowing visits of Russian warships to ports in the Latin American country, Russian Defense Minister Sergei Shoigu said. Shoigu, who is on the second leg of his three-day Latin American tour, told reporters in Managua that several other agreements were signed aimed at expanding bilateral military-technical cooperation. The minister … Continue reading
By Sebastian Edwards Via VoxEU The conventional ‘trilemma’ view is that countries that allow free capital flows can still pursue independent monetary policies as long as they allow flexible exchange rates. This column examines the pass-through of Federal Reserve interest rates to policy rates in Chile, Colombia, and Mexico. The author concludes that, to the extent … Continue reading
By José Niño In a little under three months, the Pacific Alliance is set to celebrate its four-year anniversary. Founded on April 28, 2011, the Pacific Alliance is a trade bloc whose main is goal is to promote greater integration among its members through free trade. Comprised of countries such as Mexico, Colombia, Peru, and Chile, the Pacific … Continue reading
A survey by an independent polling agency, GEA Group, that was released on Saturday shows that Mexican President Enrique Peña Nieto’s legitimacy rating has fallen sharply over the past months, according to a report from TeleSur. According to the survey from GEA Group, 85 percent of Mexican citizens don’t trust their President, whom has been ensnarled in … Continue reading