Category

Business and Economy
Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would only accept cash payments. Banorte, HSBC and Santander all said on their Twitter accounts that the problem was with the company that was processing card...
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A $25 billion stimulus package unveiled by Mexico on Monday should have an immediate impact, Finance Minister Arturo Herrera said, as Latin America’s second-largest economy teeters on the brink of a recession. The package comes just days before Mexico’s national statistics agency publishes second-quarter growth figures and amid an discussion over whether the economy has...
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Mexico’s economy likely did not grow in the second quarter, weighed down by a slump in industrial production, declining investment and a weakening of the vast services sector, according to a Reuters survey published on Friday. Gross Domestic Product (GDP) growth in Latin America’s second largest economy is seen at 0.0% in the second quarter...
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Mexico’s economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump. But ahead of GDP data for the second quarter due on July 31, a debate has raged over whether all that gloom adds up to a recession. Several banks say definitely yes...
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Circle K Mexico is apologizing for an ad on “Secretary Day” promoting a deal on chocolate, red wine and condoms. The convenience store brand said in a Wednesday statement that it did not intend to “promote any stereotype” and highlighted its “promise to be a business that doesn’t discriminate on the basis of gender.” The...
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The Mexican Olympic Committee said Wednesday it will no longer be able to offer food, lodging and medical services at its main sports training complex, the latest casualty in a round of deep budget cuts by President Andres Manuel Lopez Obrador. Seldom has a leftist been so obsessively austerity-minded as Lopez Obrador. In his first...
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Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. It’s the end of the road for a vehicle that has symbolized many things over a history spanning the eight decades since 1938. It has been: a part of Germany’s darkest hours as a never-realized...
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ATMJaDi is a new malware aimed at theft of ATMs, a practice known as jackpotting. The trojan is programmed to infect the banking network of a financial institution and track down machines to invade and control them remotely through a web-based program. According to Kaspersky analysis, ATMJaDi malware has been found in ATM machines in...
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Uber Technologies Inc is partnering with bank BBVA and payments processor Mastercard to launch a debit card for drivers in Mexico, an Uber executive said on Tuesday, the company’s latest gambit to promote banking in a country that runs on cash. “Uber supports the extension of financial services in the country,” Federico Ranero, Uber Mexico’s...
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Walmart’s Mexico unit has begun offering grocery delivery from its Superama stores via messaging service WhatsApp, the retailer said on Monday, in a new stab at attracting shoppers outside bricks-and-mortar supermarkets. WhatsApp, the free text-messaging service owned by social media platform Facebook, is ubiquitous throughout Mexico. Superama shoppers can text an order to a WhatsApp...
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Apple has asked its suppliers to study the possibility of transferring between 15 and 30 percent of its production capacity from China to Southeast Asian countries and Mexico. Several knowledgeable sources of these plans told Nikkei News that this effort is driven in part by trade tensions between the United States and China. But according...
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Mexican President Andres Manuel Lopez Obrador said he spoke with Facebook Inc’s Mark Zuckerberg on Tuesday, inviting the social media tycoon to partner with him in a bid to promote universal internet access in Mexico. Lopez Obrador posted on both Facebook and Twitter a short clip of his video conference with Zuckerberg in which the...
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Mexican business leaders will sign a pact with President Andres Manuel Lopez Obrador on Thursday to foster investment, Mexico’s top business association said, potentially heralding an improvement in sometimes tense relations between the two sides. The Business Coordinating Council (CCE) said in a statement the accord to promote “investment and inclusive development” would be inked...
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The immediate outlook for Puerto Vallarta isn’t flattering, on the contrary, precautions are being taken for the economic slowdown that the country is going through and the impact on Puerto Vallarta, such as the reduction of 10 percent in hotel occupancy, said Carlos Elizondo Ramos, vice president of Coparmex Puerto Vallarta. “We have understood since...
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bmw mexico
BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. The automaker also foresees no immediate change to...
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