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Mexico regulator says Slim's America Movil dominant in telco

MEXICO CITY (Reuters) - Mexican tycoon Carlos Slim's telecoms giant America Movil said on Friday it had been declared dominant in the telecoms sector by a new watchdog as widely expected, amid a government push to boost competition. Earlier in the day the regulator also declared as dominant in telecoms Slim's bank Inbursa and conglomerate Grupo Carso, which both have direct or indirect stakes in America Movil. It cited their "economic interests".

Mexican tycoon Slim's Grupo Carso designated 'dominant' in telecoms

MEXICO CITY (Reuters) - Mexican Tycoon Carlos Slim's conglomerate Grupo Carso said on Friday it had been declared dominant in the telecoms sector by a new watchdog, which cited the firm's "economic interests". Slim's telecom giant America Movil, which has about 80 percent of Mexico's fixed-line business and some 70 percent of the mobile sector, is expected to be told it is dominant in its market by the new Federal Telecommunications Institute (IFT) as well.

Mexico's Pemex to identify priority blocks, regions in March

Mexico City, Feb 28 (EFE).- Mexican state-owned oil company Petroleos Mexicanos said it would identify priority blocks and regions for exploration and production activity under the country's new regulatory framework before March 21. This preferential option for Pemex, a process known as "round zero," allows the company to determine the blocks it wants to reserve for itself on the basis of its "financial ability" to develop them and Pemex's "competitive advantages," among other factors, Pemex CFO Mario Alberto Beauregard said Thursday.

Mexico's Pemex to identify priority blocks, regions in March

Mexico City, Feb 28 (EFE).- Mexican state-owned oil company Petroleos Mexicanos said it would identify priority blocks and regions for exploration and production activity under the country's new regulatory framework before March 21. This preferential option for Pemex, a process known as "round zero," allows the company to determine the blocks it wants to reserve for itself on the basis of its "financial ability" to develop them and Pemex's "competitive advantages," among other factors, Pemex CFO Mario Alberto Beauregard said Thursday.

Mexico's Pemex to invest $3.4 bn in diesel production

Mexico City, Feb 27 (EFE).- Mexican state-owned oil company Petroleos Mexicanos says it plans to invest $3.4 billion to build four new ultra-low-sulfur diesel plants and modernize 14 others. The new plants will be built at three different existing refineries: Madero (northeastern state of Tamaulipas), Minatitlan (Gulf coast state of Veracruz) and Salamanca (central state of Guanajuato), Pemex said in a statement Wednesday.

Indian women demand compensation from Mexican gov't for false imprisonment

Mexico City, Feb 26 (EFE).- Two Otomi Indian women are demanding that the Mexican federal Attorney General's Office compensate them for the four years they spent in prison on kidnapping convictions that were later thrown out by the courts. Alberta Alcantara and Teresa Gonzalez, who are from the central state of Queretaro, said in a press conference Tuesday that the AG's office was trying to get out of its responsibility in the case.

Indian women demand compensation from Mexican gov't for false imprisonment

Mexico City, Feb 26 (EFE).- Two Otomi Indian women are demanding that the Mexican federal Attorney General's Office compensate them for the four years they spent in prison on kidnapping convictions that were later thrown out by the courts. Alberta Alcantara and Teresa Gonzalez, who are from the central state of Queretaro, said in a press conference Tuesday that the AG's office was trying to get out of its responsibility in the case.

Mexican president accused of treason over energy overhaul

Mexico City, Feb 5 (EFE).- Leftist stalwart Andres Manuel Lopez Obrador on Wednesday launched a legal offensive against the recently approved overhaul of Mexico's oil industry, formally accusing President Enrique Peña Nieto of treason. "We will reverse all of these anti-people, submissive measures. That is the objective of our movement, of our struggle," he said after filing a criminal complaint with the Attorney General's Office. The quixotic legal gambit seeks a Senate trial of Peña Nieto for having agreed to "the surrender of oil to foreign oil companies."

Spanish official talks trade, economy in Mexico

Mexico City, Feb 4 (EFE).- Spain's secretary of state for Trade arrived Tuesday in Mexico to meet with high government officials and business leaders to agree upon the subjects to be discussed at the next meeting of the Mexico-Spain Binational Commission. Jaime Garcia-Legaz met with a delegation of the Mexican Economy Secretariat headed by the deputy secretary for Foreign Trade, Francisco de Rosenzweig. The two men presided over a meeting of the Subcommission of Economic-Financial Affairs of the 11th Mexico-Spain Binational Commission, to be held later this year in Mexico.

Tens of thousands in Mexico protest energy reform

Tens of thousands of people marched in Mexico City Friday to protest constitutional reforms pushed through by President Enrique Pena Nieto that open the oil and gas industry to foreign investment. An estimated 65,000 people gathered for the protest in the Zocalo, the main square in capital city, an official at the Secretariat of Public Safety told AFP. Some 2,500 police officers were deployed but there were no incidents of violence, the official said.
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