Saturday, April 20, 2024


BYD electric vehicle on display

Reuters: Mexico yields to US pressure on incentives for Chinese car...

Reuters quoted officials who said no federal incentives are on offer to Chinese electric vehicle (EV) makers as they look to build plants in Mexico.
A long perspective view of Reforma Avenue in Mexico City

Why did the IMF lower its economic growth forecast for Mexico?

Citing "weaker than expected" outcomes in late 2023 and early 2024, the IMF lowered Mexico's 2024 growth forecast from 2.7% to 2.4%.

Nubank to invest US $100M in Mexico, its ‘priority’ market in...

The capital injection brings the Brazilian fintech's Mexican investments up to US $1.4 billion, solidifying its position as a major financial services provider.
A Mexican electrician holding a digital monitor in front of a geothermal system

Opinion: Why Mexico needs a nearshoring strategy

To become Latin America's nearshoring star, Mexico must not make dangerous assumptions, says economist Ana Bertha Gutiérrez.
Mexican peso bills

Peso slips from its strong position against the US dollar

The peso depreciated 4.6% from its strong position last week in response to an "increase in aversion to international risk."
Beer kegs stacked on shipping pallets

Mexico’s agricultural exports off to a booming start in 2024

January and February exports were up compared to the same period in 2023 — which was itself a record-setting year.
A Volvo truck driving down a highway

Volvo to build truck manufacturing plant in Mexico

The United Auto Workers (UAW) labor union in the U.S. said it was "extremely disappointed" by the news.
Mexican peso bill and US dollar bills

Peso loses momentum against the US dollar, after hitting strongest rate since 2015

The weaker position on Friday represented a 1.8% decline for the peso compared to its closing position of 16.44 to the US dollar on Thursday.
North American leaders at the 2023 North American Leaders' Summit

Opinion: 4 key opportunities for the North American economy

In 2026, all eyes will be on North America. Pedro Casas says these are the opportunities to seize to become a united, trusted and coordinated region.
Pedro Casas Alatriste

Meet Pedro Casas Alatriste, CEO of the American Chamber of Commerce of Mexico

Pedro Casas Alatriste is our newest columnist, part of a campaign to bring you more opinion and analysis and a more nuanced view of Mexico.
Data center

Mexico moves up in global commercial services exports ranking

Mexico's commercial services exports, which includes financial, telecommunications, transport and tourism-related sectors, were worth US $52 billion in 2023.
Pemex oil platform off Tabasco coast

Reuters reports Pemex to cut crude exports next month

The reduction in exports is part of Mexico's efforts to become fuel self-sufficient, which President López Obrador had initially said would occur by 2023.
Nexteer Automotive plant

Nexteer Automotive to build engineering campus in Querétaro

The Michigan motion-control tech company will expand in Querétaro, making it the center of Nexteer's prototyping, testing and more in Mexico.

Acapulco hosts delegates from 42 countries for national tourism fair

Latin America's largest tourism fair is underway in Acapulco, where the city's recovery from Hurricane Otis continues to exceed expectations.

Yucatán seizes nearshoring opportunities in auto parts industry

Auto parts exports from Mexico to the U.S. exceeded $13.5 billion in the first two months of 2024, with Yucatán emerging as the top producer.
Mexican peso bills and coin with US dollar bills

‘Super peso’ surges, closes below 16.50 against US dollar

The Mexican peso reached its strongest rate against the US dollar in over eight years by the end of trading on Friday.