MND_BUSINESS
Mexico seeks deal with Ganfeng Lithium over canceled mining concessions
After Ganfeng filed an international arbitration case last week, Mexico says it's ready to deal.
Schneider Electric CEO in Mexico says he ‘believes’ in nearshoring
With 10 plants and one in construction, Schneider Electric is ready to capitalize on Mexico's nearshoring potential.
Bank of Mexico holds key rate at 11%; peso barely reacts
The central bank said that a rate cut could come in the not-too-distant future, despite increases in the annual headline inflation rate since March.
Almost 2 years after inauguration, the Olmeca Refinery is still not fully operational
While Pemex officials say the refinery is producing diesel sold at local gas stations, a Reuters report indicates it is far from full operational capacity.
Is Mexico’s economy losing steam?
The latest data shows a slowdown across the economy, with just 0.9% growth in annual terms in April, and a contraction compared to March.
Chinese EV maker BYD says planned Mexico plant will create 10,000 jobs
BYD is reportedly closing in on a location for its planned manufacturing plant in Mexico, with plans to make 150,000 cars a year for the national market.
Peso stronger, prices higher as June comes to a close
The peso responded to a slight weakening of the US dollar and to data published on Monday showing another uptick in Mexico's inflation rate.
US resumes avocado and mango inspections in Michoacán
USDA health inspections were suspended in Michoacán after employees reported being threatened in the town of Aranza.
A week into USDA pause, avocado and mango inspections remain suspended in Michoacán
U.S. officials said Mexico has yet to meet safeguards established in 2022 after another incident involving a USDA employee in Michoacán.
Peso rallies slightly after Sheinbaum names her first cabinet picks
After Sheinbaum named her first six cabinet picks, including ex-Foreign Affairs Minister Marcelo Ebrard, the peso strengthened 0.3% against the US dollar.
How is an influx of Chinese commerce impacting Mexico City?
A recent series published by Reforma newspaper delved into how the "tsunami" of Chinese-owned shopping plazas and warehouses has affected locals.
US pauses Michoacán avocado inspections, citing agent safety issues
After two USDA inspectors reported an incident, the U.S. paused avocado inspections in Michoacán, Mexico's No. 1 exporter of "green gold."
5 questions about investment in Mexico: An interview with former Ambassador Jorge Guajardo
Jorge Guajardo, former Mexican ambassador to China, answers five questions about FDI, nearshoring and Mexico's economic future.
HVAC manufacturer Daikin Applied breaks ground on US $121M plant in Tijuana
The Japanese firm's plant is expected to create at least 1,150 jobs.
Bobcat breaks ground on US $300M plant in Nuevo León
Bobcat expects the plant, its first in Mexico, to help boost its production of North American loaders by 20%.
Mexico looks to prioritize development of semiconductor industry
The country is further solidifying efforts to promote the semiconductor industry as part of the North American supply chain.
