Category: Business and Economy

Pemex withdrawing request for oil field contract change
Business and Economy
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Business and Economy
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Pemex withdrawing request for oil field contract change

Reuters - Jan 12, 2017

Mexico's cash-strapped state oil company Pemex requested authorities allow it to lower the tax regime on its top oil field Ku Maloob Zaap (KMZ), but the company…

Mexico peso at record low; OECD chief sees more weakening
Business and Economy
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Business and Economy
3 shares732 views

Mexico peso at record low; OECD chief sees more weakening

Reuters - Jan 10, 2017

Mexico's peso fell more than 1 percent against the dollar on Tuesday to set a record low of 21.63 per dollar, and the chief of the Organisation…

Mexico annual inflation picks up to two-year high in December
Business and Economy
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Business and Economy
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Mexico annual inflation picks up to two-year high in December

Reuters - Jan 09, 2017

Mexico's annual inflation picked up slightly in December to the fastest pace in two years, data showed on Monday, boosting chances the central bank will raise interest…

General Motors has no plans to change Mexico production plans
Business and Economy
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Business and Economy
3 shares759 views

General Motors has no plans to change Mexico production plans

Associated Press - Jan 08, 2017

General Motors CEO Mary Barra says her company has no plans to change its production plans because of criticism from President-elect Donald Trump. Barra says at an…

Mexico central bank sells $1 billion to prop peso
Business and Economy
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Business and Economy
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Mexico central bank sells $1 billion to prop peso

Reuters - Jan 05, 2017

Mexico's central bank sold dollars in Mexico and New York on Thursday to fight off the peso's nose dive to record lows amid fears U.S. President-elect Donald…

Cost of electricity increases in Mexico following 20% increase in fuel
Business and Economy
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Business and Economy
6 shares1663 views

Cost of electricity increases in Mexico following 20% increase in fuel

Vallarta Daily News - Jan 04, 2017

The electricity tariffs for industrial, commercial and domestic high consumption will increase in January, the Federal Electricity Commission (CFE) of Mexico reported in a statement. CFE said…

Peso hits new low on fears of U.S. protectionism
Business and Economy
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Business and Economy
5 shares1098 views

Peso hits new low on fears of U.S. protectionism

Reuters - Jan 04, 2017

Mexico's peso hit a new record low on Wednesday, falling more than 1.5 percent amid ongoing uncertainty over U.S. President-elect Donald Trump's eventual policies and in anticipation…

Ford cancels plan for new factory in Mexico
Business and Economy
8 shares923 views
Business and Economy
8 shares923 views

Ford cancels plan for new factory in Mexico

Associated Press - Jan 03, 2017

The auto industry's relationship with President-elect Donald Trump took a dramatic turn Tuesday as Ford Motor Co. decided to shift investment dollars targeted for Mexico to the…

Protesters close roads and gas stations to protest gas hikes
Business and Economy
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Business and Economy
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Protesters close roads and gas stations to protest gas hikes

Associated Press - Jan 02, 2017

Small groups of protesters blockaded some roads and gasoline stations in Mexico on Monday to protest a government price deregulation that sent the price of fuel up…

Mexican inflation seen spiking due to fuel price hike
Business and Economy
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Business and Economy
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Mexican inflation seen spiking due to fuel price hike

Reuters - Dec 28, 2016

Reuters - The Mexican government's announcement that it will hike gasoline prices by up as much as one-fifth next month has prompted economists to begin raising 2017…

Mexico gasoline prices to rise 20% in January
Business and Economy
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Business and Economy
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Mexico gasoline prices to rise 20% in January

Vallarta Daily News - Dec 27, 2016

Reuters - Mexican gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, the government said on…

58 Percent of Mexico’s workforce is in the informal economy
Business and Economy
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Business and Economy
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58 Percent of Mexico’s workforce is in the informal economy

Vallarta Daily News - Dec 13, 2016

A new study finds that about 58 percent of jobs in Mexico are in the informal sector including categories such as unregistered vendors, artisans and domestic workers.…