Calderon may be the next Mexico president

Sept. 5 (Bloomberg)
Felipe Calderon will probably be named Mexico's next president when a federal court makes its final ruling on the validity of the July 2 vote today.

There is less than a one-in-a-million chance that the court will do anything other than certify Calderon's victory,'' said Todd Eisenstadt, a professor of government at American University in Washington.

The court's seven justices are scheduled to meet at 8 a.m. Mexico time (9 a.m. in New York) to decide whether to certify election results that showed Calderon, a former energy minister, won the contest by 243,934 of the 40.9 million valid votes cast.

Mexico's benchmark 10-year peso bond rose to a two-week high yesterday and the peso gained on expectations Calderon, 44, will be confirmed as the country's next president.

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