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National News

Gasoline prices will increase in 2017

Mexico is moving to end eight decades of government-controlled gasoline prices, a step that will lead to a big jump in prices at the pump and could prompt a backlash against the government’s efforts to liberalize the country’s energy market. Price controls for gasoline will be scrapped in late March in parts of the country

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Ambassador says citizenship is the best protection for Mexicans in USA.

A month before the new Administration takes over in the US, the Mexican Ambassador in Washington, Carlos Sada stated that the citizenship for the millions of Mexican permanent residents in the US is their best form of protection. ” It is one of the actions that we are promoting to make sure that Mexicans integrate in

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Mexico lifts key rate

Mexico raised borrowing costs more than expected in a forceful response to yesterday’s Federal Reserve rate rise, as policymakers look to jolt the peso from near record lows. Banco de Mexico, headed by governor Agustin Carstens, increased the key rate by half a point to 5.75 per cent. Seventeen of 26 economists surveyed by Bloomberg

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Mexico expects an increase in asylum seekers

Mexico expects a sharp increase in people seeking asylum from Central America next year, fleeing gang warfare and poverty in their home countries, a senior official said on Thursday. There has been a steady surge of Central Americans applying for asylum in Mexico since 2015. Cinthia Perez, a director of Mexico’s refugee agency COMAR, said

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The China-Mexico relationship is back on again

China and Mexico pledged on Monday to deepen ties at a meeting between their top diplomats.   Chinese State Councillor Yang Jiechi met with Mexican Foreign Minister Claudia Ruiz Massieu included discussions of enhancing trade and investment ties, Mexico’s Foreign Ministry said in a statement, as well as improving flight connections between the two countries.

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Mexican Army is uncomfortable ….

Mexico’s top military officer said Thursday, December 8, that the army is uncomfortable with the law-enforcement role it was given a decade ago when the government launched an offensive against drug cartels. The defense secretary, Gen. Salvador Cienfuegos, said the army’s presence was supposed to be temporary while new police forces were built, but that

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Mexico minimum wage rises to 80 pesos, falls in dollar terms

Mexico has increased its minimum wage to just over 80 pesos a day, though its dollar value is down due to the peso’s devaluation. The minimum wage this year was about 73 pesos, worth $4.20 when it was announced last December. Since then, Mexico’s peso has declined from 17.35 for $1 to 20.56 for $1,

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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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