Category

Business and Economy
The worldwide market for medical tourism in 2013 was said to be worth about $2.847 billion, with by most accounts 7 million patients looking for medical treatment outside their own country every year. As per Patients without Borders, a U.S. business that specializes in the field, Mexico is right now the second most popular medical...
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The LEGO Group, Danish toy manufacturer known for the iconic LEGO® brick, today inaugurated the latest expansion of their factory in Ciénega de Flores, Nuevo Leon, Mexico. The factory supplies the entire American continent with LEGO products, and the new expansion will increase the capacity of the factory significantly. It will be fully operational by...
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Mexico is among the world’s top oil producers, but it’s seen oil production hobbled over the past decade, thanks to a need for investment and expertise. By this summer, approval of legislation tied to the country’s energy reform could help change the landscape for Mexico’s energy sector. As Mexican congressman Javier Treviño recently stated, Mexico’s...
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Mexican Finance Minister Luis Videgaray on Wednesday supported his administration’s recently adjusted Mexico economic growth forecast for 2014, saying things are picking up, helped by indications of a strengthening economy in the United States. Videgaray says the gross domestic product forecast of 2.7 percent indicates a faster growth rate for the rest of 2014, after...
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Auto Production and Exports hit a record level from January-April, climbing 5.8 percent and 8.7 percent, contrasted with the initial four months of 2013, the Mexican Automotive Industry Association, or AMIA, said. Passenger vehicle production and exports arrived at “their best historic level both in the month of April and year-to-date,” the AMIA said in...
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Spanish utility Iberdrola plans to invest at least $5 billion (3.7 billion euros) in Mexico over the six years through 2018, Chairman Ignacio Sanchez Galan said on Monday, as the country opens its traditionally sealed energy market to private investment. “A few days ago we signed a commitment to invest at least $5 billion in...
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Mexico is on the verge of overtaking Chile as the safest destination for bond investors in Latin America. It cost 0.03 percentage point more this week to protect Mexico’s bonds against default than debt from Chile, which is rated four levels higher at AA- by Standard & Poor’s. The premium is now the smallest in...
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Mexico is laying out the welcome mat for Canadian companies to participate in its energy sector, which is opening up to outside investment after more than 75 years of government control. A delegation of Mexican government and business officials came to Calgary on Monday to court Canadian expertise and investment. The country has huge untapped...
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Kia Motors Corp plans to break ground soon on a new plant in Mexico, two sources familiar with the matter said, a further sign that the company and its affiliate, Hyundai Motor Co, are easing an unofficial moratorium on capacity growth. The plant, to be built in Monterrey, will have a capacity of 300,000 vehicles...
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The central bank chief calls it a “temporary pothole.” Whatever the term, Mexico’s economy has hit some turbulence – despite the most ambitious overhaul to its business structure in decades. Tax hikes have dampened consumer confidence, retail sales remain stagnant, and low U.S. demand for Mexican-made cars and televisions slowed the economy earlier this year...
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Mexico posted a trade surplus of nearly $510 million in April, the National Institute of Statistics and Geography (INEGI) said. The country had posted a trade deficit of $1.22 billion in April 2013, the statistics agency said. The solid performance last month allowed Mexico to reduce its accumulated trade deficit during the first four months...
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Mexico’s stock exchange (BMV) should join the Latin American integrated stock exchange (Mila) by the end of the year, state news agency Notimex reported. Pedro Zorrilla Velasco, assistant director of corporate services and institutional relations at BMV, was quoted as saying: “The aim is for Mexico’s first operations with Mila to begin between October and...
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Mexico’s economy grew less than expected in the first quarter because of weak domestic demand and anemic expansion of industrial activity, and the figures suggest the government could significantly cut back its 2014 growth estimate later on Friday. Latin America’s No. 2 economy grew 0.3 per cent in the first quarter from the last three...
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MoneyGram MGI +1.21% , a leading global money transfer and payment services company announces a new channel to transfer money to Mexico at an unparalleled speed – in just 30 minutes. The launch of this near real-time service provides customers with a fast and secure option to send funds through the trusted MoneyGram network. This...
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The International Monetary Fund expects Mexico’s economy to show an upturn in the coming months and grow 3 percent in 2014, the director of that organization’s Western Hemisphere Department said. Alejandro Werner, a former Mexican deputy finance secretary, told CNNExpansion that there is a high probability of a “positive surprise” after the weak results in...
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