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economy

Mexico's central bank hikes interest rate by more than U.S. Fed
English15/12/2016

Mexico's central bank hikes interest rate by more than U.S. Fed

The Banco de Mexico hiked interest rates by 50 basis points to 5.75 percent.

Border cities worry that ending NAFTA would hurt economies
English15/12/2016

Border cities worry that ending NAFTA would hurt economies

About 14,000 tractor-trailers cross the border daily in Laredo, the nation's busiest inland port.

Scrapping NAFTA would knock 2.7 percent off Mexico's GDP: U.N. commission
English14/12/2016

Scrapping NAFTA would knock 2.7 percent off Mexico's GDP: U.N. commission

"We have estimated that if NAFTA were eliminated in its totality the GDP fall could be around 2.7 percent," said U.N. executive secretary Alicia Barcena.

Citibank reaffirms investment plan in Mexico despite Trump win
English13/12/2016

Citibank reaffirms investment plan in Mexico despite Trump win

Citibank is expected to invest over 1.2 billion dollars in Mexico over the next four years, regardless of Trump's policies.

Trump's threats chill corporate investment plans in Mexico
English09/12/2016

Trump's threats chill corporate investment plans in Mexico

Mexico wants to reduce its economic dependency on the U.S., and a recent auction of deep-water oil fields was notable for the pledges made by investors from China, Australia, Malaysia and elsewhere.

New car sales up 22.5% in November
English01/12/2016

New car sales up 22.5% in November

Overall new car sales in Mexico are up 18.5% between January and November compared to the same period last year.

Mexican mogul Carlos Slim says if Trump succeeds, so does Mexico
English01/12/2016

Mexican mogul Carlos Slim says if Trump succeeds, so does Mexico

Slim said Trump's potential success would also be Mexico's, arguing that a 4 percent U.S. growth rate and the creation of millions of jobs would benefit Latin America's second biggest economy

Amid Trump selloff, Brazil turnaround story outshines Mexico
English28/11/2016

Amid Trump selloff, Brazil turnaround story outshines Mexico

The Brazilian real tumbled 8 percent in the four days following the vote, the second-worst performing currency in Latin America behind the Mexican peso. But the real has since stabilized to around 3.40 to the dollar as the initial shock faded

Enterprises report 5.5% increase in crime, says Mexico's statistics agency
English28/11/2016

Enterprises report 5.5% increase in crime, says Mexico's statistics agency

14.6% of companies say they've stopped investing in Mexico's private sector as a result of crime.

Mexico economy posts fastest quarterly growth in two years
English23/11/2016

Mexico economy posts fastest quarterly growth in two years

Gross domestic product grew by 1.0 percent in the third quarter compared with the prior quarter, according to seasonally adjusted data from Mexico's statistics agency

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