Peso falls sharply at the open after Trump’s tariff threats
The peso fell dramatically on Tuesday, after U.S. President-elect Donald Trump announced earlier in the day that he would put...
Mexico
Banorte intends to boost its loan portfolio by ten percent by 2025
Given the high demand for finance for subnational governments (states) as a result of the dynamism of nearshoring, Grupo Financiero...
Toyota announces $1.45 billion investment in its BC and Guanajuato factories
Toyota de México will invest $1.45 billion in Mexico to improve operations at its facilities in Baja California and Guanajuato....
With a 3 billion pesos investment, IKEA has its largest opening in Mexico
IKEA, a Swedish business, has established the country's largest shop in Guadalajara. The new shop, which has a surface area...
Banks believe they are prepared to finance government infrastructure projects by 2025
Some Mexican banks have already expressed interest in financing infrastructure projects to be carried out during Claudia Sheinbaum's administration, which...
Banorte expects GDP growth of 0.8 percent in the third quarter of the year
Despite beginning from a low reference point in the third quarter of the year, the Mexican economy would have improved....
In addition to Foxconn, 4 companies to build chip factories in Jalisco
According to Antonio Lancaster-Jones Gonzalez, coordinator of Industriales de Jalisco, four international corporations, including Taiwan's Foxconn, would invest in building...
Kimberly Clark’s sales grow 4% due to exports
The hygiene products firm, Kimberly Clark, announced a 4% increase in revenue for the third quarter of the year. The...
Amazon invests $110 billion pesos in Mexico; reaffirms its confidence in the country
Some marketing and sales professionals refer to the purchasing experience on this platform as the "Amazon effect." However, the corporation...
By 2025, BYD hopes to sell up to 100,000 automobiles in Mexico
According to Jorge Vallejo, CEO of BYD, a Chinese electric vehicle manufacturer, the business plans to sell 50,000 units in...
