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 […]
Canadian Dollar in Mexico Today August 29th
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 […]
Mauricio Vila leaves pending projects in Yucatán
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 Conquers Mexico’s Automotive Market, and the US Is Worried
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 […]
USDA confident in challenge to Mexico’s GM corn ban
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 […]
Why 90% of the U.S. avocado supply comes from Mexico
Avocados have become nearly ubiquitous in American society, being served at fast-food outlets and fine dining establishments alike as demand grows. The U.S. Department of Agriculture reports that U.S. avocado consumption has more than tripled since 2001. According to the USDA, about 90% of all avocados eaten in the U.S. come from Mexico, totaling an […]
Initial cargo of liquefied natural gas ships from Mexico
The developer of the first liquefied natural gas (LNG) export facility in Mexico has successfully shipped an initial cargo, which is on its way to Mexico’s LNG import terminal in Baja California Sur via the Panama Canal. The shipment was produced by New Fortress Energy aboard a Floating LNG (FLNG) production vessel with a capacity […]
Mexico Could Boost GDP by $391 Billion if Most Women Worked, Report Finds
Mexico could boost its annual economic activity by more than 25%, or $390.5 billion, if women worked at a rate comparable to men, a report found on Tuesday from the Milken Institute, a U.S.-based think tank. According to World Bank data cited in the study, about 45.6% of working-age Mexican women have jobs, compared to […]
Campeche Positions Itself as a Key Logistics Hub in Mexico
The state of Campeche is undergoing a transformation in its port sector, aiming to become a strategic logistics node at both national and international levels. Driven by nearshoring and the growing demand for port infrastructure, the government of Campeche is implementing a series of ambitious projects to modernize and expand its ports. Traditionally focused on […]
Mexico’s economy looks set to decline in July: ‘There are signs of a worrying slowdown’
Mexico’s economy is on track to have a weak start to the second half of 2024, dragging along the inertia of the first half, which could lead to lower-than-expected growth for the entire year. Economic activity would have advanced 0.1 percent monthly in June, but in July it would have fallen 0.1 percent monthly, according […]