Category: Business and Economy

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…

Foreign tourism to Mexico up 9 percent in 2016 as peso slumps
Business and Economy
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Business and Economy
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Foreign tourism to Mexico up 9 percent in 2016 as peso slumps

Reuters - Feb 14, 2017

The number of international tourists in Mexican rose nine percent in 2016, a year in which the dollar gained around 20 percent against the peso. Some 35…

Mexico hikes interest rate to near eight-year high to fight inflation
Business and Economy
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Business and Economy
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Mexico hikes interest rate to near eight-year high to fight inflation

Reuters - Feb 10, 2017

Mexico's central bank raised its benchmark interest rate on Thursday to a nearly 8-year high in a bid to curb rising inflation after a steep hike in…

Trump makes Mexican peso great again; investors see more gains ahead
Business and Economy
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Business and Economy
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Trump makes Mexican peso great again; investors see more gains ahead

Vallarta Daily News - Feb 03, 2017

Mexico’s peso has improbably been the world’s top-performing currency since Donald Trump’s presidential inauguration, and an increasing number of emerging market fund managers said it could rebound…

Mexican bakery magnate Lorenzo Servitje has died at the age of 98
Business and Economy
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Business and Economy
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Mexican bakery magnate Lorenzo Servitje has died at the age of 98

Vallarta Daily News - Feb 03, 2017

Mexican bakery magnate Lorenzo Servitje has died at the age of 98 after building his Grupo Bimbo into an international snack and baked-goods empire that acquired brands…

Mexico exports more than avocados and tequila
Business and Economy
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Business and Economy
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Mexico exports more than avocados and tequila

Associated Press - Feb 02, 2017

If the United States imposes a border tax on Mexican imports, it's not just tequila, beer and avocados that would jump in price. Mexico is the world's…

Mexico strikes deal with China to produce SUVs in Mexico
Business and Economy
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Business and Economy
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Mexico strikes deal with China to produce SUVs in Mexico

Associated Press - Feb 02, 2017

Mexico announced a 4.4 billion peso ($212 million) deal to assemble Chinese cars in the central state of Hidalgo on Wednesday, amid calls for the country to…

BBVA warns of tougher times ahead in Mexico after peso hit
Business and Economy
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Business and Economy
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BBVA warns of tougher times ahead in Mexico after peso hit

Reuters - Feb 01, 2017

BBVA (BBVA.MC) warned of a tougher business environment in Mexico this year while the Spanish bank's largest market adapts to the policies of U.S. President Donald Trump.…

Mexico says leaving NAFTA is possibility if unsatisfied with negotiations
Business and Economy
10 shares1369 views
Business and Economy
10 shares1369 views

Mexico says leaving NAFTA is possibility if unsatisfied with negotiations

Associated Press - Jan 24, 2017

Economy Secretary Ildefonso Guajardo suggested in comments to the Televisa network that Mexico would be in a weak negotiating position unless it makes clear it won't accept…

Mexico lures undeclared cash with tax plan, eyes $10 billion intake
Business and Economy
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Business and Economy
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Mexico lures undeclared cash with tax plan, eyes $10 billion intake

Reuters - Jan 17, 2017

Mexico said on Tuesday it will offer holders of undeclared capital abroad tax incentives to bring it home in a bid to lure some $10 billion in…

Who are the eight men that own half of the world’s wealth?
Business and Economy
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Business and Economy
6 shares944 views

Who are the eight men that own half of the world’s wealth?

Associated Press - Jan 16, 2017

The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most…

BMW moving forward with plans to open plant in Mexico
Business and Economy
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Business and Economy
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BMW moving forward with plans to open plant in Mexico

Reuters - Jan 16, 2017

BMW will stick to plans to open a Mexican plant in 2019 despite warnings by U.S. President-elect Donald Trump to slap a border tax on the German…