Mexico Business & Finance News

Puerto Vallarta • Riviera Nayarit • Mexico

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09Feb2017
Tequila Maker Jose Cuervo Raises $790M in Biggest Mexico IPO Since 2013

Bloomberg

Jose Cuervo sold about $790 million of shares in Mexico’s biggest equity offering in more than three years, according to people with knowledge of the matter.

08Feb2017
Carlos Slim to Launch a Made-in-Mexico Electric Car

Yalibnan

Giant Motors, controlled by Slim’s financial services conglomerate, Inbursa, is in the process of manufacturing a made-in-Mexico electric vehicle with plans to launch it commercially next year.

07Feb2017
Politics Foiling Monsanto's Quest to Grow Genetically Modified Corn in Mexico

Quartz

The US chemical company, Monsanto, has long wanted to grow GMO corn in Mexico, the birthplace of maize and its many permutations in tortillas, tamales and tacos. But that opportunity may be slipping away.

06Feb2017
Pemex Oil Company Lost $1.5 Billion to Theft in 2016

InSight Crime

A recent report suggests Mexico's state oil company lost at least $1.5 billion to fuel theft last year, a figure that underscores the massive and growing scale of this criminal activity.

05Feb2017
Bitcoin Remittances to Mexico a Viable Solution Should US Restrictions be Enforced

Bitcoin Magazine

If U.S.–Mexico remittances using traditional channels such as banks or large money transfer operators, such as Western Union or MoneyGram, are to be heavily taxed or severely restricted, then Bitcoin remittances could offer a solution.

04Feb2017
Government Holds Line on Fuel Prices, Cancels Hikes

Mexico News Daily

The federal Finance Secretariat has chosen to leave fuel prices where they are, canceling increases that were scheduled for both today and next Saturday.

03Feb2017
Investors See More Gains Ahead as Mexico's Peso Continues to Rally

Reuters

Mexico’s peso has improbably been the world’s top-performing currency of late, and an increasing number of emerging market fund managers said it could rebound further from its nosedive following the U.S. election.

02Feb2017
New Record for Money Sent Home by Mexicans Abroad

The Associated Press

The money sent home to Mexico by migrants living abroad rose to almost $27 billion in 2016, the highest on record.

01Feb2017
Consultations to Begin in Mexico to Set Parameters for Renegotiation of NAFTA

Sputnik

Mexico will begin a formal 90-day process of consultations with the private sector to fix the parameters for renegotiation of the North American Free Trade Agreement with the United States and Canada.

31Jan2017
Videgaray: Mexico Seeks to Bolster Trade with China

Xinhua

Mexico seeks to continue strengthening comprehensive ties with China and attract investment in the coming years, Foreign Affairs Minister Luis Videgaray said on Monday.


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