Mexico City. A greater probability of Donald Trump’s victory in the United States elections, according to betting markets, as well as his recent statements defending the increase in tariffs, brought the Mexican peso down to the threshold of 20 pesos per dollar. This Wednesday, the Mexican currency registered a daily depreciation of 1.23 percent, equivalent … Read more
Mexico City. After trying to break the psychological barrier of 20 pesos per dollar this Thursday, the Mexican currency ended the streak of three sessions of losses against the US currency, registering a daily appreciation of 0.30 percent, to close at 19.8807 pesos per spot dollar. The United States elections and the possibility that Donald … Read more
Mexico City, The Hispanic American Center for the Business Family (CHFE) asked President Claudia Sheinbaum Pardo that her government be an ally so that family businesses continue contributing to the dynamism of the Mexican economy. “We are convinced that under your leadership, family businesses in Mexico will find fertile ground for their growth and expansion,” … Read more
Mexico City. After the Bank of Mexico did not copy the same dose of interest rate cuts as its US counterpart this Thursday, the Mexican peso recovered against the dollar. At the close of the session in the interbank (wholesale) market, the Mexican currency registered a daily appreciation of 0.09 percent, equivalent to 1.75 cents, … Read more
Mexico City. In the midst of the decision of the United States Federal Reserve (Fed) to cut its reference rate by half a percentage point and in the face of risk aversion with respect to Mexico, the Mexican peso tried to maintain its winning streak, but in the end it deflated . The Mexican currency … Read more
Mexico City. The Isthmus of Tehuantepec Interoceanic Corridor project, presented by the Federal Government as one of the Development Poles for Well-being (Podebi), shows “spaces of opportunity for private investment that generate development poles and infrastructure for the movement of goods,” according to representatives of the Mexican Association of Freight Agents (AMACARGA) and the National … Read more
Tulúm, QRoo. The high interest rates that prevailed in the country for a prolonged period of time had an impact on the profit margins of Multiple Purpose Financial Companies, non-banking intermediaries responsible for granting their first loan to 6 out of 10 small and medium-sized companies in the country, said Emanuel González, president of the … Read more
Mexico City. Financial markets in Mexico had a mixed day on Thursday. The exchange rate opened the session with a depreciation of over 20 pesos per dollar, while the stock market began the session on the rise. The Mexican currency reduced its morning decline, but the shares of Mexican companies closed with losses. The Mexican … Read more
Mexico City. In the face of warning signs regarding the national and global economy and the start of discussions in the legislature on the reform of the judicial power in Mexico, the Mexican financial markets, along with those in the United States, operated on Tuesday in a sharp decline. The Mexican stock and exchange markets … Read more
Mexico City. For the second consecutive month, the country’s industrial production has seen a recovery, as in June 2024 it grew 0.4 percent compared to May, driven by the manufacturing sector, the National Institute of Statistics and Geography (Inegi) reported on Friday. The positive performance of the Monthly Indicator of Industrial Activity (IMAI) was also … Read more