UPDATE: Mexico Min: No Sign Of Foul Play In Fatal Plane Crash
Wednesday November 5th, 2008 / 15h51
(Updates with finance minister's comments, adds detail) MEXICO CITY -(Dow Jones)- Mexican Communications and Transport Minister Luis Tellez said Wednesday that so far there are no indications that the plane crash that killed Interior Minister Juan Camilo Mourino and a top security adviser was anything but an accident. Tellez said the investigation into the small plane crash late Tuesday in Mexico City could take days or even weeks. But so far, "there haven't been detected any indications that allow the formulation of hypotheses other than that of an accident," Tellez said at a press conference aired on local television. Mourino and Jose Luis Santiago Vasconcelos, a former head of the country's anti-organized crime unit, were among at least eight people who died when the plan traveling to Mexico City from the northern city of San Luis Potosi crashed. Tellez said the pilot of the plane had reported no anomalies prior to the crash, and that experts from the U.S. and the U.K. were on their way to Mexico to assist in the investigation. In an interview on Mexico's Televisa network, Finance Minister Agustin Carstens said the government's monitoring of markets showed continued stability despite the incident. "We foresee that the markets will continue to perform well during the day," Carstens said. The government's and central bank's recent measures to restore liquidity to local markets hit by the global financial crisis have been successful, he said. The peso, which briefly weakened to MXN12.98 to the dollar according to a local currency trader, was quoted in Mexico City at MXN12.56 around 9:25 a.m. EST. The peso closed Tuesday at MXN12.4990 Tuesday. -By Anthony Harrup, Dow Jones Newswires; (5255) 5001 5727, anthony.harrup@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=MsA7vVfxWtWTrXv22V0WJw%3D%3D. You can use this link on the day this article is published and the following day.
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