The peso closed the session with an appreciation of 0.33% or 6.6 cents, trading around 20.23 pesos per dollar, with the exchange rate touching a minimum of 20.1293 and a maximum of 20.4589 pesos. In general, the appreciation of the peso during the session was due to a
World tourism recorded its worst year in 2020, with a 74% drop in international arrivals, according to the latest data from the World Tourism Organization (UNWTO). Destinations around the world received 1 billion fewer international arrivals in 2020 than the previous year, due to an unprecedented slump in
On January 27, 2021, the United States Department of Commerce announced an affirmative preliminary determination in the antidumping investigation of imports of standard steel welded metal mesh from Mexico. The petitioners are Insteel Industries Inc. (Mount Airy, NC), Mid-South Wire Company (Nashville, TN), National Wire LLC (Conroe, TX),
Reciprocity is a fundamental principle of the rules-based world trading system in which countries extend proportional terms of market access. According to an analysis by the US Congress, China is expanding overseas in many sectors that remain highly restricted or closed to foreign investors at the domestic level
The real GDP of the United States decreased 3.5% in 2020, compared with a 2.2% increase in 2019, the Commerce Department reported Thursday. The decline in real GDP in 2020 reflected decreases in Personal Consumption Expenditure (PCE), exports, investment in private inventories, non-residential fixed investment, and state and
The European Commission opened a formal antitrust investigation to assess whether Mondelēz has restricted competition in a variety of national markets for chocolate, cookies and coffee by hampering the cross-border trade of these products between European Union (EU) member states. Executive Vice President Margrethe Vestager, Head of Competition