MND_BUSINESS
Spanish energy giant Iberdrola to sell US $5B in assets, exit...
Europe's largest power company has had a strained relationship with the Mexican government since the López Obrador administration, and is now selling off its Mexican assets worth US $4.7 billion.
Mexico and Brazil eye expanded trade deal ahead of August meeting
Sheinbaum and Lula discussed the expansion of the Brazil-Mexico trade agreement, highlighting the potential of the pharmaceutical, agricultural, ethanol, biodiesel, aerospace, innovation and education sectors.
Brazil to import avocados from Mexico, unlocking a market of over...
Mexico is the largest global producer of avocados, contributing around 34% of the global volume, but has not previously exported avocados to Brazil.
OCN invests US $150M to make car rentals easier for gig workers in Mexico
The car-rental fintech is betting that there are thousands of gig workers in Mexico who are most in need of a car yet least able to get traditional financing for one.
Maya Train freight service set to begin operations by end of 2026
Construction on the freight network began in April and is currently at 5% completion, the general in charge of the project said.
In Nuevo León, companies are skipping investment announcements to avoid US scrutiny
Though investment remains strong, businesses are taking a cautious approach to public announcements, state officials say.
Trump’s tariff threat could hamper Mexico’s growth into 2027, J.P. Morgan warns
The U.S. president's aggressive trade posture could convert the supposedly routine review of the USMCA into a drawn-out struggle that would stall Mexico's recovery.
Mexico’s beloved corner stores are in danger of disappearing, new survey shows
The business alliance behind the survey said it shows the need for digitalization training and national policies to support small businesses.
Bimbo announces US $2 billion investment in 7 Mexican states
The Mexican breadmaker will be modernizing its factories, boosting its EV delivery system and making its product packaging more environmentally friendly.
Mexico fines US-sanctioned banks US $10M for compliance failures
Most of the fines on Intercam and CIBanco were related to money-laundering prevention, while Vector faced fines for failure to publish mandatory information.
Mexico’s gas production falls short as US imports surge to record levels
Combined with a negative trend in domestic gas production, Mexico's growing dependence on the U.S. for its energy needs could be weaponized by U.S. President Donald Trump.
Ensenada looks to attract big tech with US $300M in public works investment
The Baja California port and tourist city is focusing on attracting capital in three priority sectors: electronics, biotechnology and green energy.
Mexico’s trade deficit with China reached nearly US $120B in 2024
Mexico has doubled its trade deficit with China over the past 10 years, with exports of only US $10 billion in 2024, compared to a whopping $129.8 billion in imports.
US announces 30% tariff on Mexican goods as bilateral talks continue
On Monday, President Claudia Sheinbaum expressed confidence that Mexico would be able to negotiate a deal to reduce, if not eliminate, the tariff.
Tomato tariff takes effect, threatening Mexican exports and jobs
Mexico had previously reached an agreement with the U.S. to avoid dumping penalties for lower-priced tomato exports, but the U.S. decided to end the pact as of today, July 14.
Inflation eases in June, but not enough to rule out a slower rate-cut pace
The positive news was tempered by an accelaration of core inflation, suggesting that Mexico's central bank might end its four-month streak of 50-basis-points rate cuts.
