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National News

Mexico could be looking for another corn supplier

Mexico, the world’s biggest buyer of US corn, is considering offering duty-free access to Brazilian and Argentine maize as an alternative to American imports in a move that could have big consequences for US farmers worried about NAFTA and the tax agenda. Mexico at present imports 98% of its corn from the US, and total US

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Mexican inflation jumps!

Mexico’s annual inflation rate rose at its fastest pace in nearly 8 years in early March, prompting central bank chief Agustin Carstens to hint at higher interest rates to combat an inflation “bubble” that he said, would subside later in the year. The headline inflation rate for the year through mid-March was 5.29%. The figure

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Two refineries will be built in USA to export gasoline to Mexico

Experts have warned of Mexico’s growing dependence on the US for energy products, and two new US refineries are being built to export even more gasoline,  liquefied gas and diesel to Mexico. The first one is Raven Petroleum Project , a Texans- based company, which aims to refine a capacity of 55,000 barrels per day of

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Brazilian meat now banned in Mexico

The Mexican National Sanitary Service has announced that since March 19th it has temporally stopped the imports of Brazilian meat to protect local consumers after reports of meat adulteration. Brazilian federal police  launched  an  operative “Flesh Is Weak,” targeting food processors accused of bribing government officials to loosen regulations. Among the more than 30 companies targeted are

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A New Power Plant in Sinaloa

The Spanish company Iberdrola won the bid  for the construction, operation and maintenance of the Topolobampo III combined cycle plant in Ahome, Sinaloa, which will meet the growing demand for Electric power in the western part of Mexico. This new facility  will be state-of-the-art; generate 766 megawatts (MW) and will require an investment of approximately $400

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IFT seeks reduction of internet pricing

Billionaire Carlos Slim’s America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil controlled by the family of Slim, has been subject to tougher regulations since 2014 as part of a sweeping sector reform

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Mexican Peso Forecast

The world’s top-performing major currency could be in for a swift reversal. Mexico’s peso, which has surged this year on wagers the selloff that followed Donald Trump’s election victory was overdone, is projected to weaken 5.4 percent by the end of June. That’s the worst forecast among 43 currencies tracked. Analysts’ predictions clash with renewed

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Social campaign launched by Mexican bishops

Responding to the new U.S. Immigration policies, Mexico’s Catholic church has created a media campaign defining migrants as a gift not the enemy. Monterrey Bishop Alfonso Miranda, said that they are operating 70 migrant shelters that support Central Americans, Cubans and Haitians, among other groups that move through Mexico before attempting to cross the border into the

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Mass grave found in Veracruz

A mass grave discovered in Veracruz contained more than 250 human skulls, most likely the victims of criminal drug cartels, the state’s attorney general said. “For many years, the drug cartels had people disappear and the authorities were complacent,” Jorge Winckler, the state attorney general, said in a TV interview. Veracruz, on Mexico’s Gulf coast, has

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Mexico cancels sugar exports to US

Mexico has canceled existing sugar export permits to the United States in a dispute over the pace of shipments. According to a letter sent by Mexico’s sugar chamber to mills on Monday part of the problem is unfilled positions at the U.S. Department of Commerce, which it said had led to a “legalistic” interpretation of rules

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Pemex Hunting for More Exploration Partners

Mexico is open for business and looking for partners to develop deepwater and onshore oil and natural gas, said Jose Gonzalez, Pemex Director. “We want to even the playing field for anyone that wants to enter our gas network,” said Gonzalez ” BHP in December was high bidder in a Pemex auction, offering $624 million

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Hundreds of Companies Raise Their Hands to Build Trump’s Border Wall

Congress hasn’t figured out how to pay for it yet, but more than 375 companies have told the Trump administration they’re interested in working on the controversial border-wall project. Responses to what’s called a presolicitation notice posted on the Federal Business Opportunities website on Feb. 24 have poured in from potential vendors around the world.

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Carlos Slim Is $16 Billion poorer but…..

On June 15, 2015, the day before Donald Trump launched his presidential bid, Carlos Slim’s personal fortune stood at just under $67 billion. Today, it’s about $51 billion. No one on earth has lost more during Trump’s rise — from a dollar and cents standpoint, at least — than the Mexican telecom magnate. After Slim

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More kids crossing US border

From October to December of 2016 more than  21, 000 underage youths, without any adults accompanying them – and most  from Central America – crossed undocumented the border between Mexico and the U.S. The number is higher than in than 2015, but there was not much media attention that year. Social researcher Hernia Prado, said that

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Americans reportedly canceling their trips to Mexico

There’s a new self-imposed, fear-inspired travel ban happening among American travelers. U.S.-based travelers are increasingly canceling trips to Mexico, reports Travel Weekly. According to a recent survey of 166 travel agents conducted by the MAST Travel Network, eight percent said they have clients who have canceled or re-booked trips to other destinations. MAST also said

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