Category: Business and Economy

Mexico’s Pemex hedges oil output for first time in 11 years
Business and Economy
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Business and Economy
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Mexico’s Pemex hedges oil output for first time in 11 years

Reuters - Apr 25, 2017

Mexican state-owned oil company Pemex said on Tuesday it has hedged its output through December, the first time it has done so in 11 years, in a…

Mexico inflation rises to nearly 8-year high
Business and Economy
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Business and Economy
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Mexico inflation rises to nearly 8-year high

Reuters - Apr 24, 2017

Mexican annual inflation rose more than expected in early April to hit its fastest pace in nearly 8 years, which could bode for further interest rate hikes…

Mexico’s economy starts strong in 2017
Business and Economy
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Business and Economy
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Mexico’s economy starts strong in 2017

Vallarta Daily News - Apr 12, 2017

The election of Donald Trump as U.S. president last year raised the specter of economic recession in Mexico, sent the country's peso into a tailspin, and threatened…

Mexico’s automotive industry breaks production and export record
Business and Economy
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Business and Economy
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Mexico’s automotive industry breaks production and export record

Vallarta Daily News - Apr 06, 2017

In March 2017, the production and export of light vehicles in Mexico grew 36.7 and 32.7 percent, respectively, bringing the industry to new historical figures. In a…

Chinese automaker looking to build plants in two Mexican states
Business and Economy
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Business and Economy
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Chinese automaker looking to build plants in two Mexican states

Vallarta Daily News - Apr 05, 2017

Chinese automaker Great Wall Motor Co Ltd is considering building an auto plant in two Mexican states hit by U.S. President Donald Trump's drive to make American…

Mexico Tourism is becoming a hotspot for investors
Business and Economy
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Business and Economy
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Mexico Tourism is becoming a hotspot for investors

Reuters - Apr 03, 2017

Mexican airports and tourism operators are fast becoming a hotspot for investors betting they will escape the trade-related worries that have squeezed some other assets there, with…

Mexico central bank seen slowing pace of hikes after peso rally
Business and Economy
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Business and Economy
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Mexico central bank seen slowing pace of hikes after peso rally

Reuters - Mar 27, 2017

Mexico's central bank is expected to raise its benchmark interest rate this week for the fifth meeting in a row, but policymakers are seen slowing the pace…

BP plans entry into Mexico’s once-closed retail gasoline market
Business and Economy
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Business and Economy
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BP plans entry into Mexico’s once-closed retail gasoline market

Reuters - Mar 09, 2017

Motorists will be able to fill up their gas tanks at about 1,500 new BP service stations the oil major plans to open across Mexico over the…

Mexico cancels sugar export permits to the U.S.
Business and Economy
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Business and Economy
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Mexico cancels sugar export permits to the U.S.

Reuters - Mar 07, 2017

Mexico has canceled existing sugar export permits to the United States to avoid penalties in a dispute over the pace of shipments, a document seen by Reuters…

Peso surges on more ‘neighborly’ U.S.-Mexico tone
Business and Economy
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Business and Economy
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Peso surges on more ‘neighborly’ U.S.-Mexico tone

Reuters - Mar 04, 2017

The peso rallied on Friday to a nearly four-month high after the new U.S. commerce secretary offered a softer tone on trade talks and as his Mexican…

Mexico economy minister to meet with Ford, GM in Detroit
Business and Economy
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Business and Economy
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Mexico economy minister to meet with Ford, GM in Detroit

Reuters - Mar 02, 2017

Mexico's economy minister will travel to Detroit on Friday to meet with executives from automakers Ford Motor Co (F.N) and General Motors Co (GM.N), keeping a frenetic…

Mexico says gasoline costs to fall slightly, prices set daily next week
Business and Economy
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Business and Economy
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Mexico says gasoline costs to fall slightly, prices set daily next week

Reuters - Feb 18, 2017

Mexico's Finance Ministry said on Friday that national gasoline prices would fall 2 Mexican cents per liter on Saturday, but prices would be set daily beginning next…