Tuesday, November 28, 2023
Mexican 1000 peso bills

Peso starts the week with appreciation against the US dollar

The appreciation of the peso reached a three-month peak briefly on Monday morning before slightly weakening again.

López Obrador announces US $10B green hydrogen investment

The president says a Danish fund will invest in a green hydrogen plant in the Isthmus of Tehuantepec to help fuel cargo ships.
A woman holds a pink sign with the words "Vamos por las 40 horas" at a protest

40-hour workweek law may soon pass in lower house of Congress

Since the 48-hour workweek is enshrined in the Constitution, Morena will need broad support from opposition parties to pass the change.

Alicia Bárcena says Mexico should act quickly on nearshoring opportunity

Mexico's Foreign Affairs Minister spoke at a trade conference about Mexico's narrow window of opportunity to capitalize on nearshoring.
Mexican worker

Employers’ federation proposes 12.8% increase to minimum wage

Business group Coparmex has made its recommendation ahead of negotiations over how much to increase the Mexican minimum wage in 2024.

Inflation in Mexico sees uptick in November

The annual headline rate for the first half of November is slightly higher than for the month of October, after nine months of decline.
Manzanillo port

Mexico in Numbers: 30 years of trade and investment growth

Dive into the data on the growth of trade and foreign direct investment in Mexico since NAFTA came into effect in 1994.
Eaton QRO

Power management company Eaton to invest US $85M in Querétaro

The U.S. electrical components manufacturer will expand its plant as part of sweeping upgrades across North America to meet growing demand.
Audi Mexico plant

Foreign direct investment in Mexico’s auto industry surges

Mexico's thriving auto manufacturing sector surged to a record annual high, with more than US $5 billion of investment from January to September.

Mexico’s aerospace exports are booming

Mexico has recovered nearly US $3 billion in aerospace exports since 2020, and is benefiting from nearshoring investment in the industry.
Tulum airport under construction

Why the Tulum airport is inspiring for Mexico’s future: A perspective from our CEO

Mexico News Daily CEO Travis Bembenek shares his thoughts on the importance of the new international airport in Tulum, set to open in December.
A stone sign reading JPMorgan & Chase Co. in front of a tree and tall buildings

JPMorgan Chase CEO lauds Mexico as top investment destination

Mexico's low market cap to GDP ratio highlights "a huge opportunity to have capital markets grow" in Mexico, the CEO said.

Google faces allegations of anti-competitive practices in Mexico

Google is again accused of monopolistic practices - this time by Mexico's antitrust agency, for abusing its market position in digital advertising.
Lego ceremony

Lego to invest US $200M in Mexico plant expansion

The Danish toy giant will further expand operations in Mexico, increasing sustainability and warehousing capacity at its Monterrey manufacturing plant.
US dollars and Mexican pesos

Peso reaches best position against US dollar since September

The peso continues to appreciate, as the US dollar weakened in response to the country's latest labor market data published on Thursday.

Volkswagen to manufacture electric vehicles in Mexico

Tesla isn't the only company planning to make electric vehicles in Mexico; Volkswagen will also be investing in large-scale EV manufacturing in Puebla.