Banorte acquires Uruguay’s More Payment Evolution
As part of the consolidation of its Uniteller subsidiary in the international payments sector, Banorte purchased More Payment Evolution of...
Mexico
Foxconn invests $241 million to produce AI servers in Mexico
Taiwanese technology company Hon Hai, known worldwide as Foxconn, announced an investment of US$241.2 million in Mexico to expand its...
MG to build an electric car plant and research center in Mexico
MG Motor announced that it will establish a Research and Development Center in Mexico to produce combustion and electric vehicles...
Grupo Financiero Banorte takes advantage of nearshoring
Grupo Financiero Banorte, presided by Carlos Hank González, is determined to take advantage of the relocation of companies, as it...
UPS declares its intent to buy Estafeta and plans to complete the deal by year’s end
UPS declared on Monday that it has reached a deal to buy Mexican package service business Estafeta, adding that the...
Claudia Sheinbaum becomes the first female president of Mexico
According to early results released by Mexico's official electoral office, the 61-year-old former mayor of Mexico City received between 58%...
BMV falls more than 4% after Morena’s victory; some stocks fall more than 10%
Mexico's stock exchanges are falling sharply on Monday morning. Local indexes are down after a preliminary landslide victory for Morena...
Second heat wave ‘melts’ the National Electric System Mexico: State of emergency declared
The National Electric System (SEN) entered into an emergency operating state in the National Interconnected System (SIN) at 17:04 hours...
Google shifts part of its operations to Mexico and eliminates 200 important jobs in the US
200 employees were let go from Google's "mainframe" as part of a restructure that also included the relocation of some...
Digital banking and nearshoring have excellent prospects for Banorte: González Hank
In the near future, Banorte sees two significant potential for the banking group: nearshoring and Bineo, its digital bank, according...
