Recent data reveals a significant increase in trade between China and Mexico amidst intense tariff discussions during the presidential campaign. Customs data indicates a notable rise in raw materials and components from China entering Mexico, where they are manufactured into fully assembled products and then transported to the U.S. by rail or truck. “We are […]

According to Forbes’ recent update on the strongest currencies in the world for 2024, the US dollar has surprisingly failed to make it into the top 5 list. Similarly, the local currencies of BRICS countries have also not been able to secure a spot within the top 10 list and are positioned below the US […]

The City Council has little influence on economic matters, but according to economist Gabriel Rodríguez Cedillo, an academic at the Faculty of Economics at Uady, it is time to specialize in addressing the city’s purely economic aspect and think about sustainable growth. In the first installment of a series on expectations in different areas of […]

The president of the Energy Cluster of Nuevo León, César Cadena, and partner at the law firm Santos Elizondo, Jorge Arrambide agree that the reform to the Judicial Power in Mexico is impacting the arrival of investments in Nuevo León. And Texas, with cheaper energy and fiscal incentives, emerges as a strong rival in the […]

Portfolio investment is the investment made between countries in financial instruments, such as stocks in stock exchanges or debt bonds. In the second quarter of 2024, a total of $8.233 billion in “hot money” left Mexico, marking the 16th outflow in the last 21 quarters, according to the Bank of Mexico (Banxico). This is according […]

The US dollar reported a slight advance after being negotiated at an average of 19.94 pesos this morning, which involved a change of 1.49% if compared with the 19.65 pesos of yesterday’s session, representing a setback for the Mexican currency. According to the Monex financial group’s exchange rate analysis, the Mexican peso positioned itself today […]

The following are the last movements that were recorded in the exchange rate between the Mexican currency and the Canadian one. Mexican Peso is one of the 10 most traded currencies in the international foreign exchange market, the most negotiated in Latin America and the third globally. Its cost has great significance at a national […]

The administration of Governor Mauricio Vila Dosal leaves in the investment portfolio 28 projects from companies, mainly foreign, interested in establishing their plants in Yucatán, reported the Secretary of Economic Development and Labor, Ernesto Herrera Novelo. In an interview at the deep-water port, where he participated in the presentation of the construction of the Diques […]

China has taken over Mexico’s automotive market, with exports valued at $4.6 billion in 2023, according to data from Mexico’s Secretariat of Economy. In the second quarter of this year, BYD surpassed Honda and Nissan to become the seventh-largest automaker globally, selling 980,000 vehicles. This was a rise of 40% from the same time last […]

The US Department of Agriculture (USDA) is confident that it will win its challenge against Mexico’s ban on genetically modified corn imports. Alexis Taylor, Under Secretary for Trade and Foreign Agricultural Affairs, stated that the USDA expects to receive a favorable decision from the panel by the end of this year. According to Taylor, the […]