Business and Economy

Mexico risks losing investment grade credit rating

Mexico is facing its deepest recession in decades and prominent investors believe it could soon follow state oil company Pemex in seeing its credit rating...
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Mexico takes out $1 billion loan from World Bank

Mexico has taken out a $1 billion loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business...
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Carlos Slim donates $30-Million pesos to Jalisco’s fight against COVID-19

The Carlos Slim Foundation made a donation for $30 million pesos for the strengthening, conversion, and hospital equipment in Jalisco to face the COVID-19 pandemic....
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Mexico economy fares better than first estimated at start of 2020

Mexican economic activity contracted by less than initially estimated during the first quarter as the coronavirus began to have an impact, but the economy was...
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Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic...
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Nearly half of Mexican population say economy has worsened: poll

Almost one in every two people in Mexico believes the economic situation has deteriorated during the past six months, and many expect a recovery to...
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Mexico inflation accelerates more than forecast in early May

Mexican inflation picked up faster than expected in the first half of May, giving the central bank some food for thought as policymakers move to...
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GM says it is reopening two of its Mexican plants Friday

General Motors announced Thursday that it is “gradually restarting operations” at engine and transmission plants at two of its four manufacturing complexes in Mexico. The...
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Mexico’s president wants to track the happiness of the Mexican people instead of the Gross Domestic Product

President Andrés Manuel López Obrador reported on Thursday that he is working to develop an index that measures the well-being of the population, an alternative...
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Mexican judge suspends official order that froze opening of new renewable power plants

A Mexican judge has provisionally suspended an official order that froze the opening of new renewable power plants and sparked complaints from some of Mexico’s...
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Tourism industry in Mexico is losing 114 jobs every hour

One of the economic sectors hardest hit by the health emergency caused by COVID-19 is tourism. Due to mobility restrictions to reduce the spread of...
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Local leaders resist Mexico president’s push for reopening

Local governments across Mexico pushed back Monday against President Andrés Manuel López Obrador’s call to reopen the economy in some 300 townships that do not...
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