The Mexican Independence Movement got its start more than 200 years ago. In 1810, a Roman Catholic priest by the name of Miguel Hidalgo delivered his now infamous Grito de Dolores (Cry of Dolores) in the town of Dolores in Guanajuato state. Ordering the church bells to be rung, Hidalgo called for the end of 300 years of Spanish rule in Mexico.
Start your tour of Mexico’s Independence route in colonial Guanajuato. The first major victory against the Spanish was won at the Alhondiga de Granaditas, a former granary. Shortly thereafter, revolutionary leaders Hidalgo, Allende, Aldama and Jimenez were captured and beheaded, their heads returned to Guanajuato and hung from the four corners of the Alhondiga where they would stay for the next ten years.
Travel east of Guanajuato to arrive in the town of Dolores, which has since been renamed Dolores Hidalgo in honor of Miguel Hidalgo. The road from Guanajuato to the town of Dolores Hidalgo passes by the La Valenciana silver mine, a source of much wealth and prosperity throughout Guanajuato history.
Aug 23 Mexico's oil regulator on Tuesday approved auction terms and contracts for a dozen onshore oil and gas fields, to be bid out next year as part of a series of tenders following a landmark energy sector opening.
The second phase of the so-called Round Two tender will feature licenses, the regulator known as CNH said. Winners will be announced on April 7, 2017.
The fields are located in the gas-rich Burgos basin, in the southern state of Chiapas, as well as the Southeast basin, which is home to many of Mexico's best-producing shallow water fields. Seven of the blocs are for exploration and extraction, while five are for exploration...
Former Mexican President Vicente Fox said the nation’s current leader needs to recognize the public’s desire for a stronger hand against corruption, including appointing a czar to oversee anti-graft efforts and investigating governors.
President Enrique Pena Nieto should go beyond the asset declarations required for public officials under the anti-corruption overhaul he ratified last month, Fox said in a telephone interview Friday. Fox, who was president from 2000 through 2006, said the public is losing confidence in lawmakers who legislate only for their own benefit and to protect their interests, and that the trend is worrisome for Mexico’s democracy.
Financial Times Central bankers fear threat of low-growth rut August 28, 2016.
As the world’s central banking elite gathered at Jackson Hole, Wyoming, Janet Yellen provided the assurances that many of the attendees craved.
Official interest rates may remain stuck at low levels, but the US central bank will not find itself out of weaponry if a new recession unexpectedly strikes, the Federal Reserve chair said in her set piece speech on Friday.
But, beneath the surface at the Kansas Fed’s annual symposium, many economists remained anxious...
Reuters
Mexico environmental agency defends oversight of Goldcorp mine August 28, 2016.
Mexico's environmental prosecutor said it had kept regular oversight of the country's largest gold mine, days after a Reuters report on a prolonged leak of contaminated water there prompted activists to accuse the agency of failing its mandate.
Environmental prosecutor Profepa said that since 2013 it had completed five "administrative proceedings" on the Penasquito mine in Zacatecas state, which is owned by Canada's Goldcorp Inc...
Reuters
Mexico says 2017 oil hedge guarantees $42 per barrel August 29, 2016.
Mexico's Finance Ministry on Monday said it had wrapped up what traders consider the world's biggest sovereign derivatives trade, guaranteeing an average price of $42 per barrel for crude oil exports in 2017.
Due to the government's dependence on oil income, Mexico hedges its crude every year and the deals are closely watched by the market since the trades are big enough to affect prices.
The ministry said in a statement that it had bought put options at...
Financial Times
Mexico’s Carstens warns on protectionism August 29, 2016.
Protectionist trends in leading economies are threatening the world’s already laggardly growth potential, the head of Mexico’s central bank has warned.
AgustÃn Carstens, the governor of the Bank of Mexico, said that anti-globalisation demands were not confined to the US, where Donald Trump has been vowing to rip up trade deals, but were visible across a range of G20 countries.
A report due to be published on Tuesday by the independent Global Trade Alert points to an increase in protectionist measures taken by G20 countries over the past two years despite a repeated pledge by the world’s leading economies to rein in such measures...
The Guardian
Juan Gabriel, legendary Mexican singer-songwriter, dies aged 66 August 29, 2016
Juan Gabriel, the legendary Mexican singer-songwriter , has died suddenly at his home in California. He was 66.
Gabriel was Mexico’s leading singer-songwriter and top-selling artist, with sales of more than 100m albums. His ballads about love and heartbreak and bouncy mariachi tunes became hymns throughout Latin America and Spain, as well as with Spanish speakers in the United States...
Reuters Mexico gov't to propose liberalizing gas prices from Jan 2017 August 29, 2016
Aug 29 Mexico's government will next week propose that Congress bring forward one year, to January 2017, the planned liberalization of gasoline prices, the finance ministry said on Monday.
The measure aims to foster competition in the retail gasoline market, which is currently in the hands of state oil company Pemex.
The state giant produces and imports gasoline consumed within Mexico. Private companies are already allowed to enter...
Financial Times Mexico: slower and lower August 30, 2016.
Mexico, that most stable and reliable of emerging markets, may be sliding towards a credit rating downgrade. Last week S&P Global Ratings revised its outlook to negative from stable and warned it saw a one-in-three chance of a ratings cut in the next two years due to substandard growth and rising sovereign borrowings.
That caught up with Moody’s, which had lowered its own outlook back in March. And while Fitch, the third of the big three rating agencies, still sees Mexico’s rating as stable, it too warned in July of risks regarding the economy and fiscal consolidation (see table).
