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
In July, the automotive industry in Mexico was at two speeds in production and export, reported the National Institute of Statistics and Geography (INEGI). According to the Administrative Registry of the Light Vehicle Automotive Industry (Raiavl), kept by Inegi, the production of light vehicles in Mexico reached a volume of 302,309 units, which represented an … Read more
Mexico City. The threats of Donald Trump, the Republican candidate for the presidency of the United States, to impose new tariffs are not considered a problem for the Mexican government, and everything indicates that the relationship with our country will not change, said Raquel Buenrostro, head of the Ministry of Economy (SE). “In the case … Read more
Mexico CityMoody’s projects that Mexico’s growth for next year will slow to 1.5 percent, after a 2.4 percent advance in 2024, due to a cut in public spending and the effect of a slower push from the US economy. The risk firm explains that both the country and Brazil have so far benefited from the … Read more
Mexico City The current administration has provided support to Petróleos Mexicanos (Pemex) for 81.8 billion dollars, which has helped the oil company to pay its debt immediately. However, the company’s finances represent a pressure for the country’s sovereign rating, and this could be lowered if the debt increases as a proportion of the gross domestic … Read more
Mexico City. Under the current government, Mexico has gone from being the 15th largest economy in the world to the 12th and could soon enter the top 10, said Raquel Buenrostro, head of the Ministry of Economy (SE) on Tuesday. Participating in the event “Relocation in Mexico: Opportunities for the Development of Talent in Digital … Read more
Mexico Metropolis. Non-public consumption slowed down. In June, this indicator grew by 0.1 % in comparison with the earlier month, whereas in Might it elevated by 2 %, in accordance with BBVA Mexico, the financial institution with the most important presence amongst these working within the nation. Presenting the BBVA consumption indicator, measured by the … Read more
Mexico Metropolis. The appointment of Lázaro Cárdenas Batel as Head of the Workplace of the Presidency within the administration of the digital president-elect, Claudia Sheinbaum Pardo, represents a strategic success, thought of the non-public sector group, which reiterated its willingness to interact in dialogue with the authorities who will assume their positions subsequent October. With … Read more