Wednesday, September 17, 2025
Sheinbaum Sept. 17, 2025

Sheinbaum praises navy minister for ‘powerful’ anti-corruption speech: Wednesday’s mañanera recapped

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Sheinbaum spoke about a range of topics on Wednesday, including her history-making Grito de Independencia on Monday night and an illicit fuel case allegedly involving members of the Mexican Navy.
Diehl Aviation building

Diehl Aviation inaugurates new US $50M plant in Querétaro

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Diehl's arrival not only adds to the 250-plus German companies doing business in the state, but also further enhances Querétaro's status as an aeronautics hub.

Fed rate cut sends peso to strongest level vs. dollar in...

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Wednesday's closing rate of 18.32 pesos per dollar represented a 0.2% gain from Monday's session, capping the peso's eighth consecutive day of strengthening against the greenback.
sacks of drugs

US names Mexico among 23 principal drug-producing countries while praising its anti-cartel crackdown

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Mexico's inclusion was hardly a surprise, but it was noteworthy that the Trump administration praised the Sheinbaum administration for its increasing cooperation.
Guiengola, Oaxaca

Biologists work to turn Oaxaca’s Guiengola archaeological zone into nature reserve

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Led by 23-year-old biologist Eduardo Michi, a group of scientists has deployed camera traps across more than 300 hectares to document local fauna like coatis, rabbits, squirrels and ocelots.

Do you want to weigh in on the upcoming USMCA negotiations? Here’s how

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Mexico and the United States have invited members of the public and productive sectors to comment on issues, experiences and strategies related to North American economic security and competitiveness.
The facade of the AT&T building in Zapopan, Jalisco

AT&T unlikely to participate in Mexico’s next network spectrum auction, Reuters reports

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It's another sign that Mexico’s second-largest phone carrier may have one foot out the door.
footwear store

Sheinbaum proposes tariffs targeting 1,371 product categories including vehicles, apparel and electronics

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President Claudia Sheinbaum is seeking congressional approval to implement tariffs of up to 50% on goods from countries with which it doesn't have a free trade agreement, a move that appears primarily aimed at China.
Pemex offices

Moody’s boosts Pemex’s rating, citing its ‘very high’ government support

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The credit rating agency gave a much-needed boost to the highly indebted state oil and gas company, based in a large part on recent funding packages from the Sheinbaum administration.
a geothermal plant

Slim subsidiary granted 30-year concession to develop geothermal plot in Guanajuato

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Energías Alternas, Estudios y Proyectos (Grupo Enal), a subsidiary of Slim’s Grupo Carso, has been granted a 30-year concession to develop geothermal resources for electricity generation in Celaya, Guanajuato.
cars in a charging station

Mexico’s Vemo raises $250M to expand EV use and build charging stations

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The Mexican electric taxi operator that partners with Uber is betting on the continued avaiablity of Chinese technology to expand its work as an integrator of clean mobility.
nyse

Fintech firm Kapital is Mexico’s latest unicorn, valued at over US $1B after acquiring Intercam Bank

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The Mexico City bank's recent acquisition of the U.S.-sanctioned Intercam Bank helped put it over US $1 billion in valuation, the benchmark for unicorn status.
Two trucks or semi-trailers drive down a highway, possibly carrying Mexican exports to the US

Mexican exports to the US continue to grow

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So far this year, Mexico has maintained a strong trade surplus with the U.S., its top trade partner.
Costco aisle

Latin America’s biggest Costco coming soon to Monterrey area

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Set to open in May 2026, Mexico's newest Costco will have a 30-pump gas station and Sushi Room (because why not add raw fish to your bulk shopping?)
Binance app

Binance to invest US $53M to expand crypto in Mexico

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Binance, the world’s largest cryptocurrency exchange, was founded in China in 2017 and caters to more than 270 million registered users in over 180 countries.
A wall of import/export shipping containers

Good news for Trump: Mexico is planning to raise tariffs on Chinese imports

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Mexico's 2026 budget proposal includes increased tariffs on China, a move the Trump administration has been pushing since early this year.