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Business and Economy
Mexican bread, pasta and flour-tortilla makers are seeking alternative suppliers of wheat to reduce their dependence on the United States as trade relations between the two neighbors deteriorate. Mexico, the top importer of U.S. wheat, is increasingly turning to cheaper supplies from Russia, which surpassed the United States as the top global wheat supplier in...
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General Motors Co (GM.N) is going ahead with its plan to manufacture the new Chevrolet Blazer SUV in Mexico, a spokesman for the automaker said on Thursday, despite criticism by U.S. President Donald Trump over making vehicles abroad. Trump has been pressing automakers to build more vehicles in the United States under efforts to renegotiate...
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The interim municipal mayor, Rodolfo Domínguez Monroy, inaugurated the new Woolworth Pitillal store, the second of the commercial chain in Puerto Vallarta that generates new jobs and the opportunity for more Vallartian families to have a better income. Together with the general director of Woolworth, Enrique Marcos; the director of Operations, Antonio Antúnez, and the...
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Mexico could strike at $4 billion in annual imports of U.S. corn and soybeans if President Donald Trump escalates a trade spat with new tariffs, officials told Reuters this week, and it is studying how to reduce the pain of such a move. Earlier this month, Mexico swiftly retaliated when Trump imposed metals tariffs, hitting...
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Mexico responded in kind to U.S. President Donald Trump’s metals tariffs by imposing its own duties on American steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon. As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products, the Mexican economy ministry said in...
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copa airlines
Copa Airlines {NYSE: CPA}, a subsidiary of Copa Holdings, SA, and member of the global airline network Star Alliance, announces that starting December 16, 2018, with two weekly flights, it will begin direct operations between Panama City and Lic. Gustavo Díaz Ordaz International Airport serving the Puerto Vallarta -Riviera Nayarit region, thus adding its fifth...
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mexico steel tariffs
Mexico responded to U.S. steel and aluminum tariffs by imposing wide-ranging “equivalent” measures on farm and industrial products, the economy ministry said on Thursday, ratcheting up tensions during talks to renegotiate NAFTA. The United States on Thursday morning said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the...
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This week in Mexico welcomes the fifth edition of the Hot Sale, a campaign that seeks to increase the interest of Mexicans in online shopping and e-commerce. Eric Pérez-Grovas, president of the Mexican Association of Online Sales ( AMVO ), said that this year it aims to raise sales by 60% and hoped to achieve...
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Mexico established a one-day waiting period on electronic money transfers of over $2,500 in the wake of a hacking attack that may have taken as much as $20 million from several Mexican banks. It was the latest in a string of embarrassments for the Mexican banking system, which has seen slowdowns in e-payment, debit card...
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The flow of international tourists to Mexico recorded historical figures; only in the month of March the figure reached four million people, that is 14.6% more than in the same month of 2017, reported the Ministry of Tourism. The federal agency said that from January to March of this year 10.6 million people visited Mexico...
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An as yet unknown amount of funds were sucked out of at least five Mexican financial groups through “unauthorized transfers” in recent days, a top central bank official said on Friday, while stopping short of calling it a cyber attack. Lorenza Martinez, head of Banxico’s payment system, told Reuters that it was still unclear how...
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Mexican economic growth
Mexican economic growth accelerated in the first quarter, preliminary data showed on Monday, driven by a jump in activity in the service sector and solid advances in manufacturing and agriculture. Latin America’s second biggest economy grew by some 1.1 percent in seasonally adjusted terms compared with the previous three-month period, the estimate from the national...
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emotional support animals
If you are flying to Puerto Vallarta with Alaska Airlines, be aware they have updated their company policy worldwide on emotional support animals following an increase in incidents involving them on planes and in airports, including some customers and employees suffering bites. Starting May 1, customers flying with psychiatric service animals must provide animal health...
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mexico exports
Last March, the value of Mexico exports in merchandise increased 10 percent annually, compared to the same period of 2017, driven by automotive sales abroad, INEGI reported today. Thus, in the first three months of the year, the value of total exports reached over $590 million dollars, which meant an annual rise of 11.5 percent,...
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TPP mexico
Mexico’s Senate on Tuesday voted to ratify a Asia-Pacific trade agreement (TPP), making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States. Senators voted 73-24 to approve the pact, which was signed in March without the United States after U.S. President Donald Trump pulled...
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