A new direct maritime route between China and Mexico has been inaugurated, cutting travel time for merchant ships by up to 10 days. The route starts from Dalian Port in northeast China and reduces the navigation time compared to previous routes. The OOCL Chennai, a shipping company from India, made the maiden voyage on Friday, […]
Global liners flock to Mexico
South Korean flagship carrier HMM has joined other liner companies such as Ocean Network Express (ONE), COSCO, OOCL, and Mediterranean Shipping Company (MSC) in announcing a new service connecting China with emerging manufacturing powerhouse Mexico. This move reflects the rapid growth in container shipping volumes between China and Mexico, which set a record of 563,829 […]
Borderlands Mexico: Ambitious billion-dollar Tehuantepec rail corridor aims to grab more international trade
Mexico’s ambitious Tehuantepec rail corridor aims to boost international trade by connecting the Gulf of Mexico and the Pacific Ocean through the shortest distance in the country, spanning 188 miles. The project, which has received funding from the government, will transform the Isthmus of Tehuantepec into a new trade hub, promoting investments in commercial, corporate, […]
Banco Azteca rises four positions in The Banker ranking for its financial stability
This year, Banco Azteca stands out again by being among the 25 most important banks in Latin America and the Caribbean, moving up four positions and also placing itself in the Top 5 at the national level. The Banker ranking is an annual classification of the best banks worldwide. This ranking, from the Financial Times […]
The eagle flies with the dragon: What are the products that Mexico buys the most from China?
Mexico is in the middle of a ‘dance of tariffs’ between the United States and China, the two largest economies on the planet, due to the announcement of new tariffs on Asian steel and aluminum. The Joe Biden government believes that Xi Jinping and Chinese companies use unfair practices to export their overproduction of steel […]
General Motors and Tesla Collaborate to Establish 1,000 Charging Points in Mexico
General Motors (GM) Mexico has joined forces with Tesla to create a network of 1,000 charging points across Mexico. This strategic partnership aims to promote electric vehicle (EV) adoption in the country. GM Mexico is dedicated to accelerating the transition to EVs among Mexican consumers. With Tesla’s support, the company is building an extensive charging […]
The investments continue! Sam’s Club and HEB arrive in Altamira
The arrival of investments in commercial stores for the southern area of Tamaulipas is advancing, there is talk of brands such as Sam’s Club and HEB that could be arriving in the industrial city of Altamira this year. According to information provided by the construction workers union section 04 of the Confederation of Mexican Workers […]
The relationship between Mexico and the New York Met deepens
New York and Washington. Mexico and the Metropolitan Museum of Art (Met) in New York have had a century-long relationship. Now, the presence of Mexican culture in one of the world’s leading venues is rising to a new prominence on and off the stage. We are in a very important phase and moment in how […]
Opening price of the dollar in Mexico on July 9: peso gains ground after inflation report
The Mexican peso gained ground against the US dollar, after the US currency was trading at an average of 17.93 Mexican pesos in today’s opening session, which represented a change of 0.49% compared to the figure of the previous session, when it was quoted at 18.01 pesos. According to the exchange analysis of the financial […]
John Deere Announces Layoffs, moving some operations from Iowa facility to Mexico
Around 600 production workers at John Deere factories in East Moline, Illinois, and Davenport and Dubuque, Iowa, will be laid off effective Aug. 30. The layoffs are a result of reduced demand for products from these factories. The company’s decision follows its recent announcement to move some operations from an Iowa facility to Mexico by […]