Category: Business and Economy

Carlos Slim says a successful Trump presidency is good for Mexico
Business and Economy
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Business and Economy
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Carlos Slim says a successful Trump presidency is good for Mexico

Vallarta Daily News - Dec 02, 2016

Slim, a telecoms tycoon who spent several years as the world's richest man, says he has never met Trump, but the two businessmen traded barbs during a…

Head of Mexico’s central bank resigns for international position
Business and Economy
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Business and Economy
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Head of Mexico’s central bank resigns for international position

Vallarta Daily News - Dec 01, 2016

Banco de Mexico Gov. Agustin Carstens said in a statement that he had submitted his resignation to President Enrique Pena Nieto effective on July 1. He will…

Mexico economy posts fastest quarterly growth in two years
Business and Economy
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Business and Economy
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Mexico economy posts fastest quarterly growth in two years

Vallarta Daily News - Nov 23, 2016

Mexico's gross domestic product grew by 1.0 percent in the third quarter compared with the prior quarter MXGDPQ=ECI, according to seasonally adjusted data from Mexico's statistics agency,…

IMF cuts Mexico growth outlook amid trade worries
Business and Economy
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Business and Economy
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IMF cuts Mexico growth outlook amid trade worries

Vallarta Daily News - Nov 22, 2016

The IMF revised its forecast for Mexican gross domestic product growth for 2016 to 2.1 percent from a 2.5 percent rate seen in July, according to its…

Mexico, five others to pursue TPP with or without U.S.
Business and Economy
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Business and Economy
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Mexico, five others to pursue TPP with or without U.S.

Vallarta Daily News - Nov 19, 2016

Mexico's Economy Minister Ildefonso Guajardo said on Friday Mexico, Japan, Australia, Malaysia, New Zealand and Singapore aim to continue with the Trans-Pacific Partnership with or without the…

Mexico’s central bank raises interest rates to stabilize peso
Business and Economy
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Business and Economy
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Mexico’s central bank raises interest rates to stabilize peso

Vallarta Daily News - Nov 17, 2016

Mexico's central bank has decided to raise its interbank interest rate by one-half percent to 5.25 percent, citing "a more complex world economic panorama, caused among other…

Mexico, U.S. chamber of commerce vow to defend joint trade ties
Business and Economy
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Business and Economy
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Mexico, U.S. chamber of commerce vow to defend joint trade ties

Vallarta Daily News - Nov 17, 2016

Mexico's government and the U.S. Chamber of Commerce on Wednesday vowed to step up efforts to defend bilateral trade worth more than $500 billion a year, attempting…

Ford says plans to move small car production to Mexico not changed
Business and Economy
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Business and Economy
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Ford says plans to move small car production to Mexico not changed

Vallarta Daily News - Nov 16, 2016

Ford Motor Co. CEO Mark Fields says the presidential election won't change the company's plans to move small car production to Mexico. President-elect Donald Trump has repeatedly…

Mexican peso up over one percent as Trump backtracks campaign promises
Business and Economy
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Business and Economy
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Mexican peso up over one percent as Trump backtracks campaign promises

Vallarta Daily News - Nov 14, 2016

Mexico's peso gained over 1 percent to around 20.64 pesos per dollar in Asian trading on Sunday, as U.S. President-elect Donald Trump appeared to soften some of…

Mexico’s economy taking a beating post-Trump election
Business and Economy
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Business and Economy
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Mexico’s economy taking a beating post-Trump election

Vallarta Daily News - Nov 10, 2016

Global investors are seriously worried about Mexico. They worry that Trump's plans to build a wall along the border, throw out undocumented immigrants and renegotiate trade agreements…

Mexico says won’t pay for Trump wall, no action yet to ease peso plunge
Business and Economy
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Business and Economy
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Mexico says won’t pay for Trump wall, no action yet to ease peso plunge

Vallarta Daily News - Nov 09, 2016

As Trump forged toward victory, the peso plunged 13 percent in its biggest fall in 22 years. It then pared losses to trade down 8.9 percent at…

Mexico peso jumps after FBI clears Clinton over emails
Business and Economy
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Business and Economy
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Mexico peso jumps after FBI clears Clinton over emails

Vallarta Daily News - Nov 07, 2016

The peso MXN=D2, which has been hit by the rise of Republican candidate Donald Trump and his policies that are seen hurting Mexico's economy, extended gains to…