Category: Mexico Market

Instantly update and podcast Mexico Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Mexico Market News for the one who wanted to catch up Mexico Market change in timely manner.

China’s CanSino says first vaccines packaged in Mexico will be ready in March

MEXICO CITY — The first batch of 2 million vaccines from China’s CanSino Biologics Inc, produced in Mexico, will be ready in the second half of March, the company said on Sunday.Mexico in early February received its first shipment of the active ingredient for the shot, which is being packaged in Queretaro state by Mexican firm Drugmex, CanSino…

Exclusive: Mexico’s president expected to ask Biden to share U.S. vaccines, say sources

WASHINGTON/MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador is expected to ask President Joe Biden to consider sharing part of the U.S. coronavirus vaccine supply with its poorer southern neighbor when the two leaders hold a virtual summit on Monday, U.S. and Mexican officials said.FILE PHOTO: Then-U.S. vice president Joe Biden…

Mexican Peso Forecast: USD/MXN Propped Up by Rising Yields and Weaker Equities

USD/MXN Forecast: BullishEmerging currencies had their worst day in months on Thursday, with the Mexican Peso leading the losses as rising bond yields tore through LatAm assets. MXN against a basket of currencies (USD, GBP, EUR, JPY)USD/MXN rose to its highest level in 3 months despite better than expected fourth-quarter growth numbers for Mexico,…

Truck-borne gunmen kill 11 in Mexico’s western state of Jalisco

MEXICO CITY — Unidentified gunmen riding in a truck opened fire with rifles on Saturday to kill 11 people in Mexico’s western state of Jalisco, causing injuries to a woman and a youth as well, authorities said.Jalisco, where a former governor was shot dead in December, is one of the epicenters of Mexico’s drug-related warfare, and home to the…

Mexico’s AMLO Expected to Propose Guest Worker Program to Biden

(Bloomberg) — President Andres Manuel Lopez Obrador is expected to propose a major new guest-worker program for Mexicans and Central Americans in the U.S. during a virtual meeting on Monday with President Joe Biden.The Mexican leader, known as AMLO, estimates that the U.S. needs 600,000 to 800,000 new workers annually to maintain its growth rate…

As Mexico’s largest migrant camp empties, new tents spring up along border

MEXICO CITY (Reuters) – Mexican authorities hope most of the asylum seekers living in a major encampment on the border will be allowed to enter the United States by the end of next week, according to a Mexican government source.FILE PHOTO: Blanca Urrutia, a Honduran migrant who is seeking asylum in the U.S., is pictured with their children at a migrant…

Check, the food delivery app launched by Canirac is now available in the CDMX

The “exclusive to change as a digital entity” platform supports the restaurant industry in the process of providing its services. February 26, 2021 4 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.Born in Zacatecas, Check is the platform considered to support restaurateurs…

Blinken Pledges Cooperation in ‘Virtual Trips’ to Mexico, Canada

(Bloomberg) — Secretary of State Antony Blinken pledged deeper cooperation with Mexico and Canada in what the U.S. billed as “virtual travel” to its two neighbors, an effort to emphasize the Biden administration’s engagement with allies who were sometimes snubbed during the Trump years.The Friday trip — really just a series of video calls…

Pemex’s $6 billion net profit? Not as good as it looks

By Adriana Barrera, Stefanie Eschenbacher4 Min ReadMEXICO CITY (Reuters) – Mexico’s Petroleos Mexicanos (Pemex), the world’s most indebted state oil company, reported on Friday a multibillion-dollar net profit. But the numbers are not as good as they look.FILE PHOTO: A Pemex gas station is seen in Mexico City, January 13, 2015. REUTERS/Edgard…

Pemex Posts First Back-to-Back Profits in Years on Currency

(Bloomberg) — Petroleos Mexicanos had its first back-to-back quarterly gains in four years as the weakening of the peso boosted the value of its dollar-denominated crude.Fourth-quarter net income was 123.2 billion pesos ($5.9 billion), following a profit in the previous quarter and compared with a year-earlier loss of 171.5 billion, Pemex said Friday….

Pemex Swings to Profit After Oil Output Rose, Fuel Costs Fell

(Bloomberg) — Petroleos Mexicanos swung to a fourth-quarter profit as the state-owned oil giant benefited from low fuel import costs and production of crude and condensates increased.Pemex on Friday posted net income of 123.2 billion pesos ($5.9 billion) for the period compared with a year-earlier loss of 171.5 billion pesos.The company’s output…

Mexico’s Pemex reports fourth quarter profit of over $6 billion

By Reuters Staff1 Min ReadFILE PHOTO: A general view shows Mexican state oil firm Pemex’s Cadereyta refinery in Cadereyta, on the outskirts of Monterrey, Mexico, December 10, 2020. REUTERS/Daniel BecerrilMEXICO CITY (Reuters) – Mexico’s state oil company Petroleos Mexicanos (Pemex) reported on Friday a 2020 fourth quarter net profit of 124.28…

Ahead of Blinken meeting, Mexico president says energy policy is a sovereign matter

By Daina Beth Solomon, Humeyra Pamuk2 Min ReadFILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador applauds during the National Flag Day event at the Museum of the National Flag in Iguala, Guerrero State, Mexico February 24, 2021. REUTERS/Henry RomeroMEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador told the United States…

Mexican peso leads losses as high bond yields ravage Latam assets

Mexico’s peso plummeted to a nearfour-month low on Thursday, leading losses across Latin Americancurrencies as a rise in bond yields and inflation expectationshit risk-driven assets across the globe. The peso tumbled as much as 3.3%, eyeing its worstday in five months, with domestic investors also cautious afterMexico’s lower house of Congress…

Mexican peso leads Latam FX losses as bond yields climb

Mexico’s peso led a decline in LatinAmerican currencies on Thursday as worries about rising globalborrowing costs hit emerging market assets despite a broadlyweakening dollar. The peso fell 1.8% to 20.73 per dollar, with domesticinvestors also cautious after Mexico’s lower house of Congress approved a controversial bill aimed at increasing…

UN agencies begin registering asylum seekers at US-Mexico border

According to the agencies involved, an initial group could be allowed to enter the US this week, pending approval by authorities there. In a joint news release, the UN agencies said that the US and Mexican governments prioritized the Matamoros camp due to the difficult humanitarian conditions there.  Other individuals with active MPP cases…

Indian arm of Mexican company buys Modern Foods

CHENNAI: Modern Foods, the company behind the iconic bread and bakery brand ‘Modern’ breads — is changing hands once again. Singapore-based private equity firm Everstone Capital has sold Modern Foods to Mexico’s Grupo Bimbo and its Indian subsidiary Ready Roti India. The financial details of the deal were not disclosed. Grupo Bimbo, the world’s…

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