The peso closed with a depreciation of 1.64% or 33.9 cents, trading around 20.94 pesos per dollar, with the exchange rate touching a minimum of 20.5524 and a maximum of 20.9988 pesos per dollar. It should be noted that the depreciation of the peso slowed near the level
The Federal Economic Competition Commission (Cofece) authorized a concentration between subsidiaries of Toyota and Mazda in Mexico. A concentration is the merger, acquisition of control or any act by virtue of which companies, associations, shares, social shares, trusts or assets in general join that is carried out between
Banxico reported this Wednesday that it projects Mexico‘s GDP growth of 4.8% in 2021, in its central scenario. With this, Banxico revised this rate upwards, from the level of 3.3% that it had estimated at the end of 2020. Meanwhile, its expectation for 2022 is adjusted from 2.6%
As part of the commitments established in the USMCA, the Ministry of Economy launched Comercia MX on Wednesday. Within Chapter 25, the USMCA obliges Mexico, the United States and Canada to encourage participation in platforms, such as web-based ones, for entrepreneurs and business advisers to share information and
Maersk’s shipment of 40 containers arrived in Felixstowe, UK, on March 2, after leaving Yokohama, Japan, in January and having crossed Russia both by land and by sea. This first product, operated in conjunction with rail provider Modul, is part of Maersk’s AE19 service that has connected Asia
The Ministry of Economy reported that it suspended an agreement related to the import and export of petroleum products and hydrocarbons. Among its objectives, the agreement aims to establish in detail, and in some cases broadens the requirements and information that the prior permit application will contain. It