BUSINESS
IMF lowers its Mexican forecast, citing ‘uncertainties’ and Mideast conflict
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.
Data center firm Vertiv will expand its Reynosa plant, investing US...
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.
Toyota set to move production out of Tijuana and into Texas
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.
Nubank — the company behind Nu banking services — will invest US $4.2B in...
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.
Swiss president arrives in Mexico for official visit focused on economic relations
President Claudia Sheinbaum will meet on Wednesday with Swiss President Guy Parmelin, who arrived in Mexico on Monday.
Fancy embroidered World Cup Mexico jerseys and workers’ rights? It’s a complicated issue
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.
Are we seeing light at the end of the tunnel for Mexico’s economy? A perspective from our CEO
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.
For the first time in 36 years Pemex is importing more than it exports
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.
World Cup fever boosts Mexico-England ticket prices to as much as US $130,000
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."
US tells Mexico it will not renew the USMCA trade agreement
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.
Wearing pride: Mexico’s counterfeit jersey economy, explained
Mexico may have the World Cup's best-selling team jersey, but the majority of those pridefully being worn are knockoffs, and this has consequences, as writer María Meléndez explains.
World Cup brings Mexico US $1B windfall in just 13 days
Mexico has welcomed a windfall of 17.5 billion pesos (US $1 billion) in the first 13 days of the 2026 FIFA World Cup, not including the 5 billion pesos ($286 million) from the sale of match tickets.
Mexico’s exports jump 25% in May, pushing 2026 trade surplus past US $5.7 billion
Mexico’s export boom continued in May, delivering a solid monthly surplus as manufacturing, oil and raw material exports climbed sharply and outpaced strong growth in imports.
Pemex and Brazil’s Petrobras will partner up to boost oil production in the Gulf of Mexico
Mexico and Brazil have been seeking closer economic ties, and this pact unites Brazil's technological advances for extracting oil and Mexico's access to the Gulf of Mexico's deep waters.
Bimbo’s regenerative farmland use passes half a million hectares as it eyes 100% sustainable sourcing by 2050
In an era when most farmland use is trending in the opposite direction — toward increasing degradation — Mexico´s giant food company is seeking to source its ingredients from sustainable agriculture.
Institutional inefficiency and judicial uncertainty drag Mexico down in new competitiveness ranking
Despite strong scores in employment, Mexico dropped from a high of 50th in 2019 to 62nd, behind Chile, Argentina, Colombia and Peru, but ahead of Brazil and Venezuela.
