Mexico should consider lifting caps on how much pensions can invest abroad as the funds’ resources may double in the next six years, outpacing the growth of the local financial market, according to the industry’s regulator.
Enrique Pena Nieto, the presidential candidate of Mexico’s once-dominant Institutional Revolutionary Party, goes into this weekend’s televised debate with a 16-point lead in the polls after shrugging off early campaign gaffes.
Incoming Mexican President Enrique Pena Nieto will struggle to overhaul the state-run oil industry, a project he has called his “signature issue,” after his party won fewer seats in Congress than pre-election polls forecast.
Enrique Pena Nieto rode a wave of discontent with Mexico’s ruling party to win the presidency. Now he must master his own party and a divided legislature to deliver on pledges to reduce drug violence, boost wages and break a state monopoly on oil.
Mexico’s three presidential candidates will try to convince an increasingly apathetic electorate they can win a drug war that has claimed more than 47,000 lives since 2006 as they start campaigning today ahead of the July 1 election.
Mexico’s violence-torn Guerrero state will elect its governor today as President Felipe Calderon ’s National Action Party backs an opposition candidate against the once-dominant Institutional Revolutionary Party.
Mexico’s peso fell to its weakest since 2009, triggering an intervention from the central bank, after a poll showed gains by a presidential candidate who favors increased public spending and disappointing U.S. jobs reports.