MND_BUSINESS
Mexico again tops the list in exports to US and sets...
As the U.S. spent nearly US $120B on Mexican products in 2024's first quarter, the value of Mexico's exports to the U.S. also hit an all-time high.
Are remittances to Mexico losing steam?
Remittances declined in March compared to the same month last year, and grew only 1% in the first quarter compared to the first three months of 2023.
Google plans to move engineering, finance jobs to Mexico after layoffs
Google's workforce in Mexico City looks set to grow: the tech giant plans to move some engineering and finance roles to Mexico, CNBC reports.
Quintana Roo, Oaxaca and SLP in the lead for economic growth by state
Tourism, infrastructure projects and nearshoring investments are credited with boosting economic growth in some of the fastest-growing states.
Mexican economy reports mixed growth results in the first quarter
While quarter-over-quarter performance is better than expected, the annual GDP growth from January to March is the lowest Q1 growth since 2020.
Is senior health care an untapped opportunity in Mexico?
Mexico News Daily CEO Travis Bembenek considers the market for senior health care, particularly for the growing number of expats moving to Mexico.
Chetumal free zone status extended to stimulate the regional economy
The Quintana Roo capital, located near the border with Belize, will continue to offer fiscal incentives and tax exemptions until 2030.
Despite March decline, Mexico’s export revenue still shows upward trend
Export revenue totaled US $143.43 billion in the first quarter of 2024, which is close to 2% higher than in the same period last year.
Do new tariffs mean Mexico is bending to US pressure on China?
President López Obrador's decree imposed tariffs ranging from 5% to 50% on over 500 foreign products, mainly impacting Chinese imports.
Mexico’s headline inflation rate higher than expected in first half of April
The higher-than-anticipated annual headline rate makes another rate cut by Mexico's central bank unlikely in the near future.
Spencer Mahony, UK deputy trade commissioner for Latin America, talks to Mexico News Daily
In this interview, Mahony explains how the U.K. and Mexico are working together in key sectors, from automotive to pharmaceuticals to cybersecurity.
With dozens of data centers in the works, could Mexico be a new digital services hub?
The Mexican Association of Data Centers expects investments of up to US $9.2 billion dollars in the sector within five years.
Mexico reports strong monthly growth and US $36B of FDI announced in 2024
February had the fastest month-over-month growth rate in over three years, according to government data.
Reuters: Mexico yields to US pressure on incentives for Chinese car makers
Reuters quoted officials who said no federal incentives are on offer to Chinese electric vehicle (EV) makers as they look to build plants in Mexico.
Why did the IMF lower its economic growth forecast for Mexico?
Citing "weaker than expected" outcomes in late 2023 and early 2024, the IMF lowered Mexico's 2024 growth forecast from 2.7% to 2.4%.
Nubank to invest US $100M in Mexico, its ‘priority’ market in 2024
The capital injection brings the Brazilian fintech's Mexican investments up to US $1.4 billion, solidifying its position as a major financial services provider.