Querétaro será sede de la reunión México Cumbre de Negocios

25/08/2022

Source: News Report MX

Querétaro será epicentro de las ideas, las reflexiones y las soluciones que las comunidades de negocios necesitan para imprimir crecimiento a sus regiones, destacó el gobernador, Mauricio Kuri González, al anunciar que la entidad será la sede de la vigésima edición de la reunión México Cumbre de Negocios, evento que se llevará a cabo del 23 al 25 de octubre en el Querétaro Centro de Congresos.

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Las grandes fortunas mexicanas pujan fuerte por Banamex

02/08/2022

Fuente: El País

Citigroup busca un millonario interesado en comprar las más de 1.200 sucursales de Banamex. Después de ocho meses de anunciar la puesta en venta de la filial mexicana, la lista de postores para hacerse con el tercer banco por activos del país se ha ido acortando.

El banco español Santander y el mexicano Grupo Salinas se han bajado de la contienda, mientras que algunas de las grandes fortunas del país siguen en la carrera. Este es el caso de Carlos Slim, con Inbursa o Carlos Hank, al frente de Banorte, los dos postores a los que los analistas del sector financiero identifican como los más fuertes, aunque no descartan otros jugadores como Germán Larrea –dueño de Grupo México– o la familia Baillères, heredera de los negocios financieros y de seguros GNP.

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Entrepreneurs hope to bring Grand Prix to Cancún

10/29/2021

Source: Mexico News Daily

A Saudi-Arabian backed group of entrepreneurs wants to bring the Grand Prix to Cancún, Quintana Roo, and hopes to tie up a five-year deal.

The Mexican investors — alongside five foreign investors — plan to present a letter of intent at the Mexican Grand Prix on November 6-7. It will be addressed to Jean Todt, president of the Fédération Internationale de l’Automobile (FIA), and Stefano Domenicali, the CEO of Formula 1 (F1).

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U.S. energy transition to create Mexico auto jobs, climate envoy Kerry says

Source: Reuters

Mexico’s manufacturing sector stands to benefit from a U.S. transition away from fossil fuels including through the creation of jobs for making electric vehicles, John Kerry, climate adviser to U.S. President Joe Biden, said on Monday.

“Mexico’s industrial base, already deeply integrated with the rest of North America, absolutely stands to benefit from the energy transition,” Kerry said alongside Mexican President Andres Manuel Lopez Obrador in Mexico’s Chiapas state, near the southern border with Guatemala.

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Accel, Tiger and Stripe’s COO back Mexico City-based Higo as it raises $23M for its B2B payments platform

Source: TechCrunch

Just six months after raising $3.3 million in seed funding, Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel.

Tiger Global Management also participated in the financing, along with existing backers Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. A number of angel investors also put money in the round, including Stripe COO Claire Hughes-Johnson and Cristina Cordova, former head of partnerships at Stripe. 

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AMLO Says Mexico Not Canceling Contracts Amid Fight With Goldman

05/21/2021

Source: Bloomberg

Mexican President Andres Manuel Lopez Obrador said his country isn’t in the business of canceling contracts with private companies even as he shied away from directly addressing a battle between Mexico’s state-owned power company and Wall Street giant Goldman Sachs Group Inc.

“We’re recognizing the contracts in all cases. I don’t have details about this operation. I’ll get information and I’ll provide it here, but they’re not canceling the contracts,” Lopez Obrador said, discussing the issue publicly for the first time. He spoke about the dispute between the utility he’s championed and the U.S. bank during a press conference Friday.

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Arizona looking to expand trade with Mexico

January 28, 2020
Source: KTSM.com Julian Resendiz

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EL PASO, Texas (Border Report) — The State of Arizona is strengthening ties with its biggest trading partner through the planned opening of two business offices in Mexico later this year.

The new trade and investment office in Guanajuato will help Arizona companies crack into the supply chain of a thriving automotive-assembly market — as well as into agrobusiness — in a region of Mexico known as “El Bajio” (The Lowlands). The new Chihuahua state office will be a door to a robust aerospace parts and manufacturing center south of the border that includes suppliers for Honeywell and Bell Helicopter, Arizona officials say.

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To learn more about opportunities for strengthening economic ties between the U.S. and Mexico, innovation and development in key industries, check out our publications.

Mexico union threatens Home Depot strike, inspired by USMCA trade deal

Date: January 15, 2020
Source: Reuters
By: Daina Beth Solomon

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MEXICO CITY (Reuters) – Spurred on by labor protections in the new North American trade deal, a top Mexican trade union has accused Home Depot of blocking union activity and threatened strikes next week if the U.S. home improvement chain does not improve pay and benefits for workers.

The Revolutionary Confederation of Laborers and Farmworkers, or CROC, is pressing for a 20% raise, benefits such as 20 annual vacation days and more contributions toward transportation, school supplies, food and savings funds.

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For more information and a deep analysis of the USMCA, don’t forget to visit our website.

At Least Three Chinese Automakers Eyeing Expansion in Mexico

January 13, 2020

Source: The New York Times

Audi Produktion Ingolstadt ? Karosseriebau /Im Karosseriebau fertigen 1.800 Mitarbeiter und 2.800 Roboter die Karosserien fuer fuenf Fahrzeugvarianten.

MEXICO CITY — At least three Chinese automakers are preparing to produce vehicles in Mexico or expand existing operations, the Mexican ambassador to China said on Monday, in what would be a boost to one of the Latin American country’s top export industries.

Jose Luis Bernal, Mexico’s ambassador to China, said that over the past year and a half his office has seen more interest from Chinese firms looking to make cars in Mexico.

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USD/MXN – US Dollar Breakdown vs Mexican Peso, Watch 2019 Low

January 7, 2020

Source: DailyFX
By: Paul Robinson

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USD/MXN HIGHLIGHTS:

  • USD/MXN big-picture triangle broke to end 2019
  • A drop through 18.7433 need to give conviction

To end 2019, USD/MXN broke out of the three-year-long triangle it had been building as a result of declining volatility. The break so far has held minimal velocity which could change quickly if last year’s low at 18.7433 is broken. The lack of momentum could also mean we are in for a ‘fake-break’.

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