Category

Business and Economy
Mexican annual inflation remained above the central bank’s tolerance ceiling in early September but cooled slightly versus late August, suggesting that policymakers will hold borrowing costs steady at a record low for some time. A separate report showed Mexico’s economy grew at its fastest pace in three months in July, in a sign that Latin...
Read More
Many Americans think they should stay away from investing in the emerging markets for fear they are too risky. However, proper diversification is one of the key tenants to reducing long-term risk in one’s investment portfolio. And the more established emerging markets have made it to “investment grade.” Take Mexico as an example. Many investors...
Read More
Mexico has received its first bid from a consortium to build a $10 billion state-owned mobile network, a linchpin of efforts to break the hold of Carlos Slim’s America Movil on telecom services. Telecom equipment makers Alcatel-Lucent and Ericsson helped the consortium craft the proposal submitted to the government, four sources said. Mexico’s government, which...
Read More
The Mexican economy is on track to achieve the government’s growth forecast of 2.7 percent for 2014, deputy finance minister Fernando Aportela said on Saturday. Aportela said the latest data for new jobs, industrial output and automotive production supported the government’s forecast, which some analysts have described as optimistic. “When you look at the indicators...
Read More
As Toyota Motor Corp. ponders its first full assembly plant in Mexico, it plans to boost capacity at its existing factory there more than 40 percent to feed demand for trucks. Toyota will increase capacity at its Tacoma pickup plant in Baja California 41 percent to 89,000 vehicles next April. The upgrade, which will add...
Read More
Nissan Mexico’s Aguascalientes powertrain plant recently celebrated the production of its 10 millionth engine. Nissan Mexico marked the occasion with a ceremony headed by Renault-Nissan Alliance global director and corporate vice-president of Powertrain Production Engineering Atsushi Hirose, deputy general manager at the Powertrain Planning Department Naohiko Asai, and powertrain plant director Francisco Carbajal. The 10...
Read More
Toyota Motor Corp is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar with the matter said. According to four Toyota and group executives, momentum had been building for a decision this...
Read More
A “perfect storm” of sorts has been brewing for the real estate and mortgage sectors in Mexico, as the nation’s largest lenders and financial institutions make moves that will shore up these vital industries. According to Deputy Finance Minister Fernando Aportela in a recent Wall Street Journal interview, construction employment in Mexico has expanded at...
Read More
The cruise ship Disney Wonder was expected to dock in Puerto Vallarta this morning, however the cruise was canceled due to Hurricane Odile. The Disney Wonder was expected to bring 2000 vacationers to the Puerto Vallarta port during this long holiday weekend celebrating Mexico’s Independence Day. The ships arrival would have added an estimated $500,000...
Read More
The Mexican government will no longer limit the monthly cash deposits of U.S. dollars that border businesses can make if the companies allow authorities to monitor their financial transactions and meet other requirements, the president announced Friday. President Enrique Pena Nieto said the $14,000 monthly cash deposit limit set in 2010 by the previous administration...
Read More
Mexico’s government will present a bill to stop using the minimum wage to calculate fines, levies and contributions Finance Minister Luis Videgaray said on Thursday, paving the way for a possible increase in base pay levels. Mexican policymakers have long favored lower wage increases to keep inflation in check and attract foreign investment. But Mexico...
Read More
Toyota Motor Corp. (7203), the last of the world’s major automakers without a full assembly plant in Mexico, is scouting the country for possible factory sites, two people with direct knowledge of the matter said. The search spans several states, said the people, who asked not to be identified because the details aren’t public. Company...
Read More
The National Survey of Occupation and Employment (ENOE) indicated in late August that 85% of youth between the ages of 20 and 29 earn the lowest wages in the country, at 6,000 pesos (US$450) or less a month. The youth unemployment rate nationally stood at 8.3 percent, equivalent to 349,000 young people between the ages...
Read More
The news of Kia moving to Mexico was so important to Mexico’s economy that the president made the announcement himself. On the same day that General Motors Co. (NYSE:GM) said it would be calling home Cadillac SRX crossover production from Mexico in a deal worked out with the United Auto Workers union, South Korean automaker...
Read More
The overhaul of Mexico’s banking laws, enacted as part of President Enrique Peña Nieto’s wide-ranging economic and business structural changes, is designed to increase credit to small and medium-sized businesses while enhancing regulatory oversight and transparency. Promises of wide-ranging structural reforms aimed at boosting long-run growth and economic development accompanied Mexican President Enrique Peña Nieto’s...
Read More
1 33 34 35 36 37 42

PVR Property Management