The downgrade was immediately rebuffed by Economy Minister Edgar Amador, who said the IMF overrelied on external factors. He also noted that Mexico outperformed the IMF's forecast last year.

The investment will help establish Reynosa as a leading hub for advanced manufacturing in northern Mexico and further Mexico's leadership among Latin American nations in data center development.

The Japanese automaker will gradually relocate production of the Tacoma model to its San Antonio plant over the next four years. However, Mexico's Economy Ministry hinted at a future investment announcement that may soften the blow.

The fintech serves more than 135 million customers in Latin America, more than 15 million of them in Mexico, where its all-digital services appeal to those outside the traditional banking system.

President Claudia Sheinbaum will meet on Wednesday with Swiss President Guy Parmelin, who arrived in Mexico on Monday.

What do social media influencers, Adidas and Indigenous Mexican artisans have in common? They're the major players in a controversy over pay for those making Mexico's best-selling World Cup team jerseys.

Mexico News Daily CEO Travis Bembenek sits down with Empresas Globales chief Guillermo Bernal to unpack Mexico's mixed economic signals and how major investors really see the country's outlook.

The imbalance comes after 15 years of falling production and in the midst of billions of dollars of support from the federal government, which is a factor in stalling economic growth.

Ticket prices on resale sites (the only option left) have risen by 33% in just three days, to the point that even Mexico's richest man (Carlos Slim) says they're "excessive."

Economy Minister Marcelo Ebrard said that U.S. Trade Representative Jamieson Greer told him and his Canadian counterpart on Wednesday that the United States is "not in the position" to be able to renew the USMCA for an additional 16 years.