MND_BUSINESS
Carlos Slim says it’s ‘totally irrational’ in remarks on government welfare...
The 84-year-old billionaire businessman said the government is spending too much on senior pensions while millions still suffer extreme poverty.
Chinese company Intretech to invest US $60M in Nuevo León plant
Intretech’s move to Mexico is a strategic investment to strengthen its presence in the Americas.
US agrees to Mexico’s agricultural inspectors supervising avocado exports
After 10 years without disease or pest issues, the U.S. says it can trust Mexican inspectors to do the job USDA staff have done in Mexico.
Banxico: Manufacturing sector cools in Q2 as nearshoring lags
The dawn of nearshoring in Mexico has yet to break, as 41% of surveyed companies predicted that its greatest impact will be felt after 2026.
What’s next for the peso? A perspective from our CEO
The Mexican peso has had a volatile few months and weakened to over 20 to the US dollar this week. Travis Bembenek considers what's coming next.
Coca-Cola suspends distribution in southern Morelos after kidnapping incident
Coca-Cola FEMSA has temporarily closed it's distribution center in Puente de Ixtla until "security conditions are guaranteed."
Nissan launches production of new Kicks model in Aguascalientes
Nissan's plant in Aguascalientes has now produced 16 million Nissan vehicles since it began operations in 1992.
Peso rebounds against weakened US dollar
After dipping to over 20 to the US dollar on Tuesday, the peso is once again appreciating.
Northern Mexico’s industrial real estate boom shows no sign of slowing down
Industrial real estate leasing rates in three of Mexico's northern cities saw impressive growth so far in 2024, but a new study says even more space is needed.
Mexico City’s ‘cash-only’ tortilla shops venture into fintech
18,000 cash-only tortilla vendors in Mexico City are piloting a fintech app giving them access to electronic payments—and hopefully more income.
Judicial reform won’t dent investor confidence, says COMCE president
"We're not shooting ourselves in the foot," said Sergio Cardenas, predicting that FDI in Mexico will exceed US $40 billion in 2024.
Peso panics ahead of Senate vote on judicial reform
The peso pushed above 20 again on Tuesday as rumors of a "traitor" emerged, suggesting the reform will pass in the Senate.
WSJ reports US $35B of foreign investment in Mexico is stalled
According to the Wall Street Journal, U.S. companies are holding back on investment due to uncertainty about judicial reform and the U.S. elections.
Inflation slowed in August for the first time in 6 months
Inflation in August was lower than the median forecast of banks, brokerages and research organizations surveyed by Citibanamex.
Stock market reform to unlock new financing for Mexican SMEs
The reform aims to boost trading on Mexico's stock exchanges after a number of delistings in recent years.
Is nearshoring going to end before it really begins?
Mexican and U.S. business leaders cast AMLO's judicial reform as a grave threat to the nearshoring trend in Mexico.
