Buenas tardes!
With a Covid-19 vaccine deal, a new cut in Banxico’s interest rate and a historic testimony linking two former presidents in a bribery case, Mexico just had another normal week.
Mexico and Argentina Plan to Make AstraZeneca Oxford Vaccine
Bloomberg
Mexico scored major points on the global scene as it announced its new plan with Argentina to produce AstraZeneca Oxford Covid-19 Vaccine. Although the production depends on Phase 3 results, expected to be publish next November, experts agree that it is the most promising vaccine in the making. Even extra good news, the Slim Foundation has agreed to pay for up to 250 million dosis, to be delivered throughout all of Mexico and the rest of Latin American. Hear that Bezos? Gotta step up the game! [Bloomberg]
The Lozoya Telenovela takes an [expected] turn
As former Pemex CEO, Emilio Lozoya, testified in Odebrecht Bribery Case , the spotlight is once again on President Enrique Peña Nieto and his predecessor, Felipe Calderón. Although Peña Nieto, alongside his finance minister, Luis Videgaray, were both named in the testimony, Calderon was not. Yet, his enemy número 1, President Lopez Obrador, did not miss the opportunity to point fingers at him for his collusion with Odebrecht. Will EPN and FCH testify? Watch the next episode. [Bloomberg]
Mexico Central Bank Cuts Key Rate for What May Be Last Time
Following an international “trend”, Mexico’s Banxico cut its interest rate to a four-year low. Analysts agree that it may be the final cut as the rise of inflation, which is still within the Bank’s goal, is happening. [Bloomberg]
I'd Rather Stay Home and Die'
Imagine being more afraid of hospitals than of the virus itself. In this heartbreaking piece, the New York Times covers the story of how dozens of Mexican families’ misbeliefs about the medical system are taking away their relatives. An interesting story to remind us that the current fight against Covid-19, isn’t just against the virus. [The New York Times]
How will Mexico’s president handle “El Mencho”, a kingpin on the rise? (El Mencho AKA the drug kingpin behind the Lomas de Chapultepec ambush), The Economist
Mexico to keep US border closed to non-essential travel (Sounds like a Déjà Vu, right?), The Washington Post
Mexico's president says Constellation should put brewery in poor south (It’s not going to happen Gretchen), Reuters
After a Curious Stock Surge the News Report Behind It Vanishes (A little bit of mystery into the Finance world), Bloomberg
‘Friendly bear’ castrated after sniffing woman’s hair at Mexico park (Yes, castrated!), The New York Post
Mexico City Reopens Bars And Cinemas To Try And Save Economy, Despite Coronavirus Outbreak (Don’t forget to use your facemasks while eating those popcorns!), Forbes
We share some of our favourite tweets from top foreign correspondents in Mexico. Let us know yours by replying to this email.
Nacha Cattan, Bloomberg News Bureau Chief in Mexico
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AMLO’s quote: “Yes, I’m older, they may say that I’m becoming senile but I’m right”