Caterpillar Inc. (CAT) reported that it recorded a 28% year-on-year reduction in sales of its transportation business in the fourth quarter of 2020, to $ 1.035 billion. In relation to this result, the company argued that sales decreased in the rail area, due to lower rail services and
Exports of Canadian products decreased 12.3% in 2020 compared to the previous year, to C $ 524.4 billion, Statistics Canada reported. Conversely, Canadian imports were $ 560.5 billion, down 8.6 percent. With this, Canada registered a deficit of 36,200 million dollars in its trade balance with the world
The World Trade Organization (WTO) will be led for the first time by a woman, Nigerian Ngozi Okonjo-Iweala, after a consensus on her candidacy emerged. Eight candidates were in the running, and on October 8, Okonjo-Iweala from Nigeria and Yoo Myung-hee from South Korea advanced as the top
Valero Energy Corp and its partner Darling Ingredients Inc reported that they will build a new 470 million gallon per year (DGD 3) renewable diesel plant at the Valero refinery in Port Arthur, Texas, in United States. The new plant is expected to begin operations in the second
The peso closed the week with an appreciation of 2.25% or 46.2 cents, trading around 20.11 pesos per dollar, touching a minimum of 20.0742 and a maximum of 20.5158 pesos. The exchange rate performance during the week was lateral, with no clear trend being observed. From a technical
The United States Chamber of Commerce (USCC) opined that the reform and addition to various provisions of the Electricity Industry Law could violate Mexico’s commitments in the Agreement between Mexico, the United States and Canada (T-MEC). The USCC also considered that this same initiative could create a monopoly