Thursday, October 17, 2024

MND_BUSINESS

President Claudia Sheinbaum met with more than 200 business leaders at the United States-Mexico CEO Dialogue meeting in Mexico City on Tuesday.

Sheinbaum to CEOs: ‘Your investments are safe in Mexico’

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"The rule of law will be strengthened, the national electricity system will be strengthened" by forthcoming reforms, Sheinbaum assured investors.
The Trion oilfield, located 180 km east of Matamoros, is expected to produce 110,000 barrels of crude per day (bpd).

Woodside Energy begins operations in Tamaulipas with US $12B investment

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One year after its approval, the Trion oil field is moving forward with a major investment from Woodside.
Vulcan's Calica mine in Playa del Carmén

Semarnat claims Vulcan Materials destroyed 3 cenotes in Quintana Roo

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The federal government voiced its latest complaint against Vulcan Materials on Friday, accusing the company of causing an “ecological disaster.”
Jorge Guajardo

What’s President Sheinbaum’s plan for trade with China? Former Ambassador Jorge Guajardo weighs in

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The new administration has unequivocally chosen its side in the current U.S.-China trade conflict, the former ambassador told Mexico News Daily in an exclusive interview.
Walmart Mexico plans to invest on a new warehouse powered by AI

Walmart Mexico breaks ground on a new AI-powered warehouse in Guanajuato

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The retail giant's new warehouse is expected to create over 1,000 jobs in Silao, Guanajuato.
Portraits of JPMorgan CEO Jamie Dimon, Mexican Finance Minister Rogelio Ramirez and BlackRock CEO Larry Fink

Finance minister meets with JPMorgan and BlackRock CEOs in New York

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The finance minister met with two top American executives as the Sheinbaum administration seeks to jumpstart investment in Mexico.
The entrance to Avery Dennison's new plant in Querétaro, showing the company name in red letters

Avery Dennison opens US $181M plant in Querétaro

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The company is a leading producer of the digital tags used around the world to track products as they move through supply chains.
Royal Caribbean cruise ship on the ocean.

Royal Caribbean to invest US $600M in ‘Perfect Day’ Mahahual site

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Royal Caribbean says it'll replicate its Bahamas "Perfect Day" concept in Mexico with a site exclusive to cruise passengers in Mahahual, Quintana Roo.
View of Popocatépetl from Puebla

World Bank lowers GDP growth forecasts for Mexico for 2024-26

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The World Bank cited a weaker peso and investor uncertainty among the reasons for a more pessimistic economic growth outlook.
Manzanillo, Colima port

WSJ: Sheinbaum administration wants US help to reduce Mexico’s imports from China

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The Wall Street Journal reported on this administration's plan to reduce dependence on China, with help from foreign manufacturers operating in Mexico.
Jorge Vallejo CEO of BYD Mexico speaking at the BloombergNEF forum in Monterrey, Mexico

BYD projects its sales of EVs in Mexico will reach 100K by 2025

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BYD's general director in Mexico said Tuesday at the BloombergNEF forum that the company's sales in Mexico will hit 50,000 EVs this year and double that in 2025.
Altagracia Gómez, the president's business advisor, is mainly focused on capacity building and supporting small and medium-sized businesses within the sector. “We want the young people working for your company to be properly trained,” Gómez stressed. 

Sheinbaum administration outlines 10 priorities for Mexico’s auto industry

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The announcement of priorities for the sector suggests Sheinbaum will maintain a closer relationship with automakers than her predecessor.
Benjamin Ting, senior vice president at Foxconn on a stage giving a speech wearing a headset microphone.

Foxconn says it will build huge Nvidia ‘superchip’ plant in Guadalajara

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Senior Foxconn executives revealed the plan at the company's annual tech day in Taipei, announcing that the plant would assemble high-demand chips for Nvidia.
10 people in suits posing for a photo for a photo holding shovels while standing under two bucket loaders whose cranes are bent into something resembling a heart shape.

Makino invests US $21M in Querétaro tech innovation center

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Makino, one of the world’s leading companies in advanced manufacturing technology, aims to become an "iconic" presence in Querétaro, its officials said.
Trump at a rally in Butler, PA on Oct. 6, 2024

Trump threatens 200% tariff on all cars imported from Mexico

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Trump's most recent comments indicate that the tariffs would extend beyond Chinese vehicles to include all vehicles imported from Mexico.
Claudia Sheinbaum staring into the camera at a press conference and smiling.

Peso performs well during Claudia Sheinbaum’s first week as president

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Mexico's peso appreciated more than 2% against the U.S. dollar this week, strengthening both before and after President Sheinbaum took office.