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Walmart’s Mexico unit to add 10,000 jobs

Walmart’s subsidiary announced Wednesday night it’s going to add 10,000 jobs in Mexico over the next three years. The subsidiary, Walmart de Mexico, said it would invest $1.3 billion in Mexico, adding that the investment stems from profits made in the country. “This investment affirms our confidence in Mexico, strengthening the logistical infrastructure to achieve

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Four new protected biological reserves in Mexico

Last December 5th, Enrique Pena Nieto, Mexico’s president, signed decrees creating four new biological reserves and five other protected areas , setting aside about 160 million acres (65 million hectares) for environmental conservation. This is the largest amount of land the country has ever decreed as environmentally protected, and with it Mexico joins a group of

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BHP Billiton will join PEMEX

Australia’s BHP Billiton won the bidding to join with Mexican state oil company Petróleos Mexicanos (PEMEX) in the Trion oil field in the Gulf of Mexico, in the first award of several auctions of deep-water oil blocks. Billiton outbid BP PLC to become Pemex’s first private partner in exploration and production under Mexico’s 2013 opening

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Sonora to supply parts for new electric car

Governor Doug Ducey and Lucid Motors announced that the company has selected Casa Grande for its electric car manufacturing operation and Sonora (Mexico) as car parts supplier. The facility will bring over 2,000 projected new jobs and more than $700 million in capital investment to the Arizona-Sonora Megaregion by 2022. Cars are expected to be in production in the factory towards

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Mexico’s Central Bank Governor to step down

Mexico’s central bank governor, Agustín Carstens, will stand down in July. The central bank on Thursday announced the impending departure of the 58-year-old Carstens, a former Mexican finance minister who has been the governor of the central bank since 2010 and is highly respected by international investors. He will leave to take the top job

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Pena Nieto’s rating hits new low

Mexican President Enrique Pena Nieto’s approval rating has slumped to a new low since Donald Trump won the U.S. presidency last week in part due to his invitation of the real estate tycoon to Mexico during the campaign, a poll showed on Sunday. The survey by polling firm Buendia & Laredo for newspaper El Universal

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Interjet adds new flight to Chicago

Interjet inaugurated its new Mexico City-Chicago route, offering travelers two daily frequencies. This is the ninth ts destination foir Interjet in the United States with 18 routes between both countries. The airline’s director, José Luis Garza said that “Mexico and Chicago are cities with great common ties and we are extremely happy to contribute to further

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APEC summit in Lima

Mexico’s President, Enrique Pena Nieto  described his country’s relationship with the United States as “central,” telling the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru, that his country was a “fervent believer” in open ties, including trade. Pena Nieto told fellow APEC leaders that US-Mexico trade ran at $1 million (942,000 euros) every minute. Mexico, like the

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Mexico raises interest rates

Mexico’s central bank raised interest rates on Thursday in an attempt to shore up the country’s currency, which has collapsed following Donald Trump’s election as US president. The Banco de México raised its key interest rate by 0.5% to 5.25% as it warned that the global economy had become “more complex” as a “consequence of

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Part-Mexican in Canadian Parliament

Julie Dzerowicz is the leader of the Canada-Mexico Partnership Group and is proud to be the first female Member of Parliament for Davenport, Toronto. She is the daughter of a Ukrainian father, and a Mexican mother who worked in kitchens and doughnut shops for 25 years and understands the challenges that newcomers face. Her parents’

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Rexnord to close Indianapolis plant, move work to Mexico

Rexnord Corp. has confirmed that it will close its Indianapolis bearings plant and move work from the facility to a plant in Mexico. The Milwaukee-based company said in a statement Monday that Rexnord and United Steelworkers Local 1999 union reached a “mutual agreement” on the issue. Rexnord said “we recognize the impact on our associates,

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How Mexico reacted to the U.S. election results

Peña Nieto wrote in Spanish on Twitter. “I congratulate USA on their electoral process and reiterate my disposition to work together with Donald Trump in favor of a bilateral relationship.” “I trust that Mexico and the U.S. will continue strengthening the bond of cooperation and mutual respect” As Trump forged towards victory, the peso plunged

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Mexico’s contingency plan…if…

Central Bank Governor Agustin Carstens  has been stated before “A victory for Donald Trump would hit his country like a hurricane”. Mr Carstens declared that Mexico has ready a contingency plan depending on the results of the U.S. presidential election. The plan has been developed in conjunction with with the Finance Secretariat. He also noted

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Swiss-Mexico ties ratified..

President Enrique Peña Nieto welcomed the President of the Swiss Confederation, Johann Schneider-Ammann, at the National Palace as part of the celebration of the 70th anniversary of the establishment of diplomatic relations between Switzerland and Mexico, which goes back to on December 22, 1945. Both countries will sign five agreements on education, air services, health, and fraud

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Mexico will lead the 2017 OECD Transport Summit

Communications and Transportation (SCT) Minister, Gerardo Ruiz, announced that Mexico will lead the Summit of the International Transport Forum of OECD in 2017. Mr. Ruiz, also said that the Mexico City’s new International Airport (NAICM) under construction, will be the most important hub or distribution center in Latin America. The National Infrastructure Program 2013-2018 aims to

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