MND_BUSINESS
Mexico rolls out tax incentives for 15 economic development hubs, aiming...
In the most recent phase of Plan México, the government established 15 economic development hubs, complete with tax incentives and new infrastructure.
Central bank cuts interest rate to lowest point in nearly 3...
The country's benchmark interest rate has steadily declined since early 2024, but that easing cycle may now be ending.
Mexican government takes control of two Mexican banks facing US sanctions
The national banking commission intervened "for the purpose of safeguarding the rights of savers and clients" at Intercam and CIBanco.
US sanctions 3 Mexican financial institutions accused of money laundering
Though Mexico protested a lack of evidence of money laundering, the banks will soon be cut off from making financial transactions with many US institutions.
Trump approves expansion of cross-border bridge connecting Eagle Pass and Piedras Negras
The expansion, which will take three years to complete, will double the available lanes from six to 12 and improve the trade bridge's infrastructure, paving the way for a greater volume of U.S.-Mexico trade.
Mexico close to striking a deal on US steel tariffs, Bloomberg reports
Bloomberg reported on Tuesday that trade negotiations between the United States and Mexico are "homing in on a possible quota system to reduce tariffs on a certain volume of steel imports."
Korean automotive SL MEX invests US $45M in San Luis Potosí
The company, headquartered in Gyeongsan, South Korea, specializes in headlight modules and expects to manufacture one million of them per year, generating 385 direct jobs.
Fox acquires Mexican sports streamer Caliente
The acquisition allows Fox to tap into the growing appetite for premium sports and bulk up its sports content in Latin America as streaming becomes the top way for viewers to watch TV.
Ford celebrates 100 years in Mexico with investment announcement
As part of the centennial celebrations on Monday, CEO Jim Farley announced that the company will expand its Global Technology and Business Center (GTBC) in México state.
BYD’s first shipment to Mexico on company-owned vessel marks ‘milestone’ for EV expansion
The BYD Changzhou, a 200-meter-long roll-on/roll-off ship that flies the flag of West African country Liberia, docked in the ports of Mazatlán and Lázaro Cárdenas this month, delivering a total of 5,503 vehicles.
Mexico ranks No. 11 in the world for attracting foreign investment
According to a UN report, Mexico has held steady as an attractive FDI destination, even as global investment is shrinking.
Startup aims to speed up trade with Monterrey-to-Texas automated freight corridor
The ambitious US $10-billion project seeks to bypass — and possibly reduce — costly congestion at the biggest Mexico-U.S. commercial border crossing.
Mexico moves up a notch on Swiss competitiveness ranking
The Swiss academic institution IMD, which considers social and cultural factors as well as the usual economic indicators in its ranking, found Mexico to be the third most competitive country in Latin America.
At the G7, Sheinbaum courts Canadian business leaders
The president's first meeting at the G7 was with the Business Council of Canada, whose leaders had urged Canadian Prime Minister Mark Carney to extend an invitation to Mexico.
Foreign investment is up in a key nearshoring state, despite threat of US tariffs
Companies based in the U.S. committed more than half of the total foreign direct investment announced in Nuevo León during the first quarter of 2025.
Mexican home appliance manufacturers brace for even more US tariffs
Manufactured goods subject to the U.S. 50% steel tariffs now include refrigerators, washing machines, dishwashers and stoves, among others.
