MEXICAN BUSINESS NEWS

Emilio Azcárraga Jean is one of the richest businessmen in Mexico and occupies the thirty-second position in the Mexican Millionaires ranking, published and updated annually by Forbes, the magazine specialized in business and finance. The fortune of the magnate and owner of Grupo Televisa, one of the most important media companies in Mexico and...

Mexico contemplates including in its 2022 budget the minimum global tax rate of 15% for large companies after an agreement between the G7 was reached over the weekend. "We see the initiative well because it makes it easier to reach a global agreement," Gabriel Yorio, undersecretary of finance, said in an interview Monday night. "It also avoids...

For the fourth consecutive month, business confidence in Mexico rose in May, driven by an economic recovery after its fall in 2020, the National Institute of Statistics and Geography (Inegi) indicated today.

Morena, the ruling party in Mexico, abandoned its plans to nationalize lithium production and is now promoting private investment to help develop the country's potential in the metal used to make batteries. Mexico, a major producer of copper and silver, is home to large potential lithium reserves. Most of it is found in hard-to-mine clay deposits,...

The two extremes of the Latin American economic ladder will emerge from the pandemic much more populated than they were before the health crisis broke out. The lower end, because the number of people living in poverty - as documented by each and every one of the main regional and international organizations - has not stopped growing in recent...

The Mexican economy registered a better performance in the first quarter of 2021 than the one reported by the National Institute of Statistics and Geography (Inegi), according to its revision of the Gross Domestic Product (GDP). The figures released by Inegi stated that in the first three months of the year, the economy showed a quarterly growth of...

Two judges specialized in economic competition suspended indefinitely the application of the reform to the Hydrocarbons Law, proposed by the Executive. Judges Rodrigo de la Peza and Juan Pablo Gómez Fierro granted a definitive suspension to the application of the modifications after a series of companies filed injunctions to reverse the...

The United States and Canada urged Mexico to respect foreign investment, officials said according to a Reuters report, while Washington also raised outstanding issues over Mexican agricultural products. The talks came at the start of the first meeting of the Free Trade Commission of the new North American free-trade agreement, TMEC, which came into...

In April, 269,180 cars were assembled in Mexico, a figure much higher than the 3,722 cars that were assembled in the same month last year, the National Institute of Statistics and Geography (INEGI) reported this Friday. This is due to the fact that last year the "Jornada de Sana Distancia" was applied to prevent the spread of the coronavirus, which...

According to Forbes, Carlos Slim Helú is the richest man in Mexico and also appears in the world ranking of multimillionaire personalities, headed by Jeff Bezos, founder and CEO of Amazon, an online sales company founded in 1994. According to the U.S. magazine, Carlos Slim has a fortune of 55 billion 930 million dollars.

Moody's raised its forecast for Mexican GDP growth to 5.6% for this year from a previous estimate of 3.5%, although it warned of a "weak political framework" and the increasing rise in public debt. The rating agency attributed the change to the "solid recovery" of the U.S. economy, destination of more than 80% of Mexican exports, so it also...