Stay ahead of the curve with the latest Mexican business news on Mexicanist. Track market trends, analyze key deals, and gain expert insights.
Business
América Móvil's Q3 2023: Revenues down 3.3% due to a stronger peso, service revenue down 4.3%. Profit plummeted by 88.7%, but Ebitda grew at constant exchange rates. 3 million new subscribers, 100 billion pesos in investment expenses.
Business
Televisa's Q3 nosedive saw shares plummet 7.77%, hitting historic lows. Citi analysts cut price targets, and a 12% Ebitda drop is anticipated. Can this Mexican media giant script a comeback? Stay tuned.
Business
Mexico embarks on a historic journey to cut the workweek from 48 to 40 hours, aligning with global norms. A transformative shift that promises improved work-life balance and economic competitiveness.
Business
Mexico is a vibrant country with a lot of business opportunities. The markets of this country are very diverse. The Mexican market provides opportunities to explore various markets ranging from agriculture to technology. There are great opportunities to earn profit for business owners whether they are local or foreign investors.
Travel
Mexico's aviation landscape is abuzz with new projects. From Tulum's tourist haven to Chalacatepec's coastal gem, and Ensenada's reborn airport, the skies are the limit. Mexicana Airlines also joins the game, promising exciting journeys.
Business
Cofece, Mexico's economic watchdog, investigates the real estate ad market for possible unfair practices. Big impact on the national economy. Offenders could face hefty fines and market shake-ups.
Business
Terex Genie, a US company, invested $140 million in a cutting-edge manufacturing plant in Nuevo León, shifting production from China. This strategic move will create 1,500 jobs and enhance their competitiveness.
Business
Chinese car brands are taking over Mexico's automotive market, supplying 26% of imports. Their appeal to Mexican consumers and potential challenges are transforming the industry landscape. Adaptation and competition are key as they establish a lasting presence.
Business
Samsung Mexico is cracking down on gray market cell phones, blocking devices without official certification and warranties. The move follows ZTE and Motorola, aiming to protect users and ensure compliance with local regulations in the tech industry's growing trend.
Business
The abrupt closure of VU Manufacturing has thrown the effectiveness of the U.S.-Mexico-Canada Treaty's labor protection mechanisms into question. Workers' rights hang in the balance, as the international trade community watches closely.
Baja California
Baja California rekindles the $25 billion Punta Colonet port project after 2 decades. This colossal initiative includes six state-of-the-art terminals and a 310 km rail network, poised to transform trade and invigorate the region's diverse export sector.
Business
Deputy Governor of Banco de México, Galia Borja Gómez, highlights the importance of low and stable inflation for economic development. Banco de México's autonomy and commitment to inflation targets play a crucial role in navigating global economic uncertainty.
Business
Despite initial skepticism, Mexico's energy policy within the T-MEC framework has strengthened, with a focus on energy security and a transition to clean energy. Sovereignty remains a priority amid challenges and foreign influence, paving the way for a resilient and sustainable future.
Business
Grupo Yazaki, a major auto components firm in Mexico, has taken proactive measures to safeguard workers' rights, including freedom of association and collective bargaining. Their Neutrality Charter and collaboration with labor authorities underline their commitment.
Business
Mexico's vast wealth is overshadowed by extreme inequality. Only 1% owns 41.2% of wealth, with an even more skewed concentration in financial assets. The country's potential is clear, but addressing this wealth gap is essential for shared prosperity.
Business
Mexico's untapped solar potential, receiving 175,000 terawatts from the Sun annually, could power our needs. Despite progress, reaching renewable energy goals requires collaboration and innovation to make solar power stable, efficient, and accessible.