Thursday, September 12, 2024
A map showing the projected path of Tropical Storm Ileana

Tropical Storm Ileana forms in the Pacific, moving toward Baja California...

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The storm is expected to hit land near Los Cabos on Friday before continuing north across the Gulf of California.
A firefighters sprays water at a smoldering truck that blocks a road in Culiacán

Sinaloa cancels Independence Day celebrations as cartel violence continues

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All public and private celebrations are off after battle between factions of the Sinaloa Cartel shut down the state's capital and surrounding areas.
Querétaro historic center plaza

How one expat unlearned prejudices and embraced cultural differences in Mexico

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University of Oregon journalism student Lizbeth Solorazno shares the story of an expat from California and how he found his community in Querétaro.
A group of Mexico City legislators standing by the head of the legislature's bench and behind it, holding signs that say "The Reform goes forward!"

Mexico’s judicial reform bill approved by 18 state legislatures

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After the controversial bill passed in Congress Wednesday, enough state legislatures ratified it by Thursday to make it a national law.
A sign in Mexico City displays the peso-dollar exchange rate.

Peso rebounds against weakened US dollar

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After dipping to over 20 to the US dollar on Tuesday, the peso is once again appreciating.
Arca Tierra CDMX

What’s on this September in Mexico City?

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International film festivals, earthquake drills and railway cocktails - everything you need to fill up your September calendar in the Mexican capital.
The decline in Mexico's annual inflation rate came after the headline rate hit a 14-month high of 5.57% in July.

Inflation slowed in August for the first time in 6 months

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Inflation in August was lower than the median forecast of banks, brokerages and research organizations surveyed by Citibanamex.
The BMV is the second-largest stock exchange in Latin America, however, it only has 140 companies listed.

Stock market reform to unlock new financing for Mexican SMEs

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The reform aims to boost trading on Mexico's stock exchanges after a number of delistings in recent years.
Illustration of shipping container painted with image of Mexican flag being lifted in the air by a crane, representing nearshoring in Mexico

Is nearshoring going to end before it really begins?

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Mexican and U.S. business leaders cast AMLO's judicial reform as a grave threat to the nearshoring trend in Mexico.
Mexican peso coin

Peso slips to over 20 to the US dollar for the first time since 2022

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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."
A Mexican woman stands behind a vendor stand. In front of her is a metal tub with bottled drinks and beside her a stand packed with packages of chips and plastic containers of chopped fruit for sale

Mexico’s percentage of working poor declines to historic low

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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
If the deal were to close, Liverpool and the Nordstrom family would own 49.9% and 50.1% of Nordstrom’s capital stock, respectively.

Liverpool joins Nordstrom family in buyout bid of retail chain

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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%.
BYD car close-up

Chinese EV maker BYD denies postponing plans for Mexico plant

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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 manufacturing plant entrance in Irapuato, showing the Ford logo and a sign saying Planta de Transmissiones Irapuato.

Ford to invest US $273M in Irapuato EV manufacturing plant

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Ford will update its plant in Irapuato, Guanajuato state, where it produces motors and transaxles for the Mustang Mach-E electric vehicle.
Valeo's investment will focus on integrating skills and competencies from all engineering disciplines, including software, systems validation and electronic design.

French auto parts maker Valeo opens new tech mobility center in QRO

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The automotive supplier plans to invest US $500 million in Mexico over the next four years.
Banxico reported Monday that US $5.61 billion in remittances flowed into Mexico in July.

Remittances to Mexico dropped nearly 10% month-over-month in July

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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.