Mexico City. As part of the banking efforts to concentrate the opportunities offered by the phenomenon of company relocation, better known as nearshoring, Citibanamex executives met with 52 companies in Asia. “Citibanamex corporate banking executives toured Asia with the aim of strengthening commercial ties with companies in the region, promoting relocation to Mexico and promoting … Read more
Mexico City. The political noise in Mexico does not affect the financial markets as much, since they are more concerned about the country’s high fiscal deficit, close to 6 percent, and the US elections; The above, because the result of the elections will not change Mexican economic policy much, said Ernesto Revilla, chief economist for … Read more
Mexico City. The increase in the prices of tomato, green tomato, serrano and poblano chili, as well as fruits such as orange, pineapple and papaya, explained much of the surprising rebound in annual general inflation in Mexico. Annual general inflation in the country rebounded to 4.63 percent in the first half of April from 4.37 … Read more
Mexico City. The Timely Indicator of Economic Activity (Ioae) estimated that Mexico’s economy managed to rebound in the first quarter of 2024, driven by services, revealed the National Institute of Statistics and Geography (Inegi). According to figures released by Inegi, the Mexican economy, measured through the Ioae, advanced 1.7 percent annually in February and 2.1 … Read more
Mexico City. The Japanese R&I ratified the rating of Mexico’s sovereign debt at BBB+ and maintained the stable outlook, so it does not expect movements in the note in the medium term. He considered that despite the increase in the fiscal deficit expected for 2024, the fiscal program is prudent. With this, Mexico maintains its … Read more
Washington. The deputy governor of the Bank of Mexico (BdeM) Jonathan Heath said that rates are likely to remain unchanged for longer than anticipated by the market, which would leave the reference rate at 11 percent in May, while the decision of June would depend on macroeconomic data. Last month, BdeM decided in a divided … Read more
Mexico City. The peso against the dollar began the last day of the week with a gain of 0.78 percent or 12.9 cents, bringing the exchange rate to 16.46 units per greenback. At the start of the session, the Mexican currency with respect to the dollar, the main currency to be negotiated in the exchange … Read more
Mexico City. In the first quarter of the year, 927,781 light vehicles were produced in Mexico, a figure slightly higher by 0.61 percent compared to the 922,177 units that were produced in the national territory during the same period but last year, according to meet this Friday the National Institute of Statistics and Geography (Inegi). … Read more
Mexico City. The peso concluded the last day of the week at 16.46 units per dollar, its best level since November 2015. Throughout the week, the Mexican currency had a gain of one percent, since at the close of Monday the exchange rate reported by the Bank of Mexico (BdeM) ended the exchange session at … Read more
Mexico City. Mexico registered an annual inflation in March of 4.42 percent, driven by the increase in prices of chicken, air transportation, gasoline, housing, lunch shops, and packaged tourist services, mainly. According to the latest report from the National Institute of Statistics and Geography (Inegi), the country’s general inflation increased slightly from February to March, … Read more