MND_BUSINESS
Northern Mexico’s industrial real estate boom shows no sign of slowing...
Industrial real estate leasing rates in three of Mexico's northern cities saw impressive growth so far in 2024, but a new study says even more space is needed.
Mexico City’s ‘cash-only’ tortilla shops venture into fintech
18,000 cash-only tortilla vendors in Mexico City are piloting a fintech app giving them access to electronic payments—and hopefully more income.
Judicial reform won’t dent investor confidence, says COMCE president
"We're not shooting ourselves in the foot," said Sergio Cardenas, predicting that FDI in Mexico will exceed US $40 billion in 2024.
Peso panics ahead of Senate vote on judicial reform
The peso pushed above 20 again on Tuesday as rumors of a "traitor" emerged, suggesting the reform will pass in the Senate.
WSJ reports US $35B of foreign investment in Mexico is stalled
According to the Wall Street Journal, U.S. companies are holding back on investment due to uncertainty about judicial reform and the U.S. elections.
Inflation slowed in August for the first time in 6 months
Inflation in August was lower than the median forecast of banks, brokerages and research organizations surveyed by Citibanamex.
Stock market reform to unlock new financing for Mexican SMEs
The reform aims to boost trading on Mexico's stock exchanges after a number of delistings in recent years.
Is nearshoring going to end before it really begins?
Mexican and U.S. business leaders cast AMLO's judicial reform as a grave threat to the nearshoring trend in Mexico.
Peso slips to over 20 to the US dollar for the first time since 2022
A financial analyst from Banco Base predicts the peso could trade at 20.50 to the US dollar this month due to "greater risk aversion about Mexico."
Mexico’s percentage of working poor declines to historic low
According to new government data, the percent of Mexicans who don't earn enough to feed their family is the lowest since records began in 2008
Liverpool joins Nordstrom family in buyout bid of retail chain
Mexican retail giant Liverpool has offered a buyout bid to U.S. retailer Nordstrom, seeking to increase its stake in the company to 49.9%.
Chinese EV maker BYD denies postponing plans for Mexico plant
BYD rejected a Bloomberg article saying it is awaiting the outcome of the U.S. elections before committing to a proposed BYD auto factory.
Ford to invest US $273M in Irapuato EV manufacturing plant
Ford will update its plant in Irapuato, Guanajuato state, where it produces motors and transaxles for the Mustang Mach-E electric vehicle.
French auto parts maker Valeo opens new tech mobility center in QRO
The automotive supplier plans to invest US $500 million in Mexico over the next four years.
Remittances to Mexico dropped nearly 10% month-over-month in July
BBVA forecasts that Mexico will receive US $66.5 billion in remittances this year, a figure that would represent 3.7% of Mexico's GDP.
Mexican exports to Canada hit record high in first half of 2024
In recent years, exports to Canada have grown even faster than those destined for the U.S.
