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Amazon announced Wednesday (November 7) that its voice-activated digital assistant Alexa and its smart speaker Echo are now available in Mexico. In a press release, Amazon said Alexa has learned to speak and understand Spanish...

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Business and Economy News

MEXICO BUSINESS AND ECONOMY NEWS FROM THE NUMBER ONE ENGLISH NEWS SOURCE SERVING PUERTO VALLARTA, THE BAY OF BANDERAS AND BEYOND.

Investor confidence in Mexico has been rattled

Investor confidence in Mexico was rattled last week after the president-elect abandoned a US$13bn airport project, raising fears that policy direction may soon take a more populist bent. The US$6bn bonds that helped fund the project slipped multiple points after a four-day consultation that resulted in Mexicans voting in favour of refurbishing existing airports instead....

Fitch shifts Mexico debt outlook from stable to negative

Fitch Ratings has changed its outlook on Mexico’s long-term foreign-currency debt issues from “stable” to “negative,” citing the potential policy effects of President-elect Andres Manuel Lopez Obrador. The leftist Lopez Obrador has tried to smooth anxieties in the business community but upset many by canceling a partly built, $13 billion new airport on the outskirts...

Cannabis tablets from Canada could be coming to a Mexico pharmacy near you

Canadian company, Canntab Therapeutics Limited, announced the signing of a non-binding Letter of Intent with Labsco Promedic SA de CV of Monterrey, Mexico (“Labsco”) for the establishment of a joint venture relationship for the sales & distribution of Canntab products in Mexico on an exclusive basis. Both parties will work together to establish and complete a...

Mexican economy recovers in third quarter as trade worries fade

Mexico’s economy rebounded in the third quarter, official data showed on Tuesday, helped by stronger industrial output and a jump in services that reflected a surge in consumer confidence in the wake of elections. The economy grew 0.9 percent in seasonally adjusted terms in the third quarter, bouncing back from a 0.2 percent contraction in...

Honda considering moving some manufacturing from Mexico to Japan, citing new NAFTA

Honda Motor Co is considering shifting production of its U.S.-bound Fit subcompact cars to Japan from Mexico in a few years, partly due to a new North American trade agreement, two people familiar with the deal told Reuters. Fit cars for export to the United States are now made at Honda’s auto plant in Celaya,...

American company opens private prison in Mexico

A federal prison in northern Mexico owned by BlackRock Inc (BLK.N) has gone into operation, the government said, as the world’s largest asset manager expands further into infrastructure investment around the world. A spokeswoman for prison agency OADPRS said that inmates began to arrive in August at the facility, known as CPS Coahuila, and that...

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