The peso closed the session with a depreciation of 0.68% or 13.5 cents, trading around 20.05 pesos per dollar, with the exchange rate touching a minimum of 19.8695 and a maximum of 20.1634 pesos. In the session, the peso was the second most depreciated currency in the broad
The Ministry of Finance and Public Credit (SHCP) reported that 50,000 million pesos will be invested in Mexican customs. According to the newspaper El Economista, the SHCP will release 50,000 million pesos from a Customs trust to invest in technology and infrastructure, as reported this Thursday by Horacio
General Motors reported this Thursday that it will produce electric vehicles in Mexico for which it will have part of an investment of more than 1,000 million dollars in the country. Also part of that investment will go to the Ramos Arizpe Manufacturing Complex, Coahuila, to inaugurate a
The European Union (EU) rejected on Wednesday the establishment of a panel on imports of palm oil and certain biofuels within the framework of the World Trade Organization (WTO). Initially, Malaysia submitted a first request for a panel to examine certain measures imposed by the EU and EU
China on Wednesday rejected the installation of a panel on barley imports from Australia within the framework of the World Trade Organization (WTO). Since May 2020, China imposed quotas of 80.5% on barley imports originating in Australia following the conclusion of an 18-month investigation. Australia then filed a
Higher PVC prices boosted Orbia’s revenue at a year-on-year rate of 18% in the first quarter of 2021, to $ 1.914 billion. In addition, while the profits of this company grew 125%, to 173 million dollars, its Ebitda climbed 46%, to 451 million dollars, in the same comparison.