MEXICO: Second Quarter GDP Grows 1.8%, Lowest Annual Rate Since 2014

The chief economist at the Mexican finance ministry said on Monday that there could be an upward revision to the official 2017 gross domestic product forecast if final data is as good as preliminary data.

Businesses in the country have had to contend with higher interest rates brought on by a spike in inflation. They posted a contraction of 2.0 percent from the first quarter.

GDP growth in the second quarter of 2017 was a result of an increase in the services sector (+3.2%) and the primary sector activity (+0.7%).

Industrial production edged up 0.1% from the first quarter while services grew 0.8%.

Pan American Silver Corp. (NASDAQ:PAAS) Shares Sold by Credit Suisse AG
Over the last five days, shares have faced -6.65% losses and now is up 13.95% since hitting its 200-day moving average of $16.57. Zacks Investment Research cut Pan American Silver Corp. from a buy rating to a hold rating in a report on Friday, May 12th.

Toshiba agrees to pay to walk away from nuclear project
SCE&G is part of SCANA, based in Cayce. "We simply can not ask our customers to pay for a project that has become uneconomical". Santee Cooper said it has spent about $4.7 billion so far, and that halting the project would save ratepayers $7 billion.

Don't give up on healthcare bill
Democrats, meanwhile, have signaled they're open to renegotiating parts of Obamacare (so long as the intent isn't to repeal it). Shortly before McCain entered the Senate chamber in the wee hours last Friday morning, reporters wanted to know how he'd vote.

Trump took office in January threatening to impose punitive tariffs on Mexican-made goods, arguing that growth in industrial capacity in Mexico by U.S. firms has hollowed out USA manufacturing and cost thousands of jobs.

So far, his threats have not materialized, and the United States, Canada and Mexico are due to begin renegotiating the North American Free Trade Agreement next month.

Mexico lifted its growth outlook for 2017 in May to a range 1.5% to 2.5% as fears faded regarding President Trump's policies wreaking havoc on exports.

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