Category: Business and Economy

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…

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.…