Financial forecasts from accountancy PWC show that by 2050 Mexico will be in the Top 7 of the world’s economies. PWC projected GDP’s in 2050 for 32 of the largest economies in the world, which together currently account for around 85% of global GDP. The report indicates that emerging markets will continue to be the growth
PEMEX Mexico’s state oil company, has sold €4.25bn in euro-denominated bonds in the biggest euro deal seen by any emerging market issuer, despite concerns about the sustainability of its debt levels . The three-tranche offering, which carried coupons of 2.5 per cent, 3.75 per cent and 4.875 per cent, was more than four times subscribed,
Spanish newspaper “El Pais” reports that a Mexican politician from Partido Revolucionario Institucional (PRI) and a Sinaloa’s Deputy since 2009 has over 6 million Euros in his account at the Private Bank of Andorra (BPA). The discovery was made last year through the proceedings of the Anti-Money Laundering Prevention Committee. The judge Canolic Mingorance referred a
Canada’s Ambassador to Mexico, Pierre Alarie, said that if US leaves the NAFTA, Canada will maintain the agreement with Mexico and it will become a bilateral relationship. In an interview the Ambassador said that although Canada’s commercial relationship is more important with the US, “We are friends and partners of Mexico and that will not change. Mexico is
In a Ceremony held at Angela Peralta, Enrique de la Madrid the Federal Tourism Secretary, confirmed that Mazatlan will be the host of Tianguis Turistico 2018. The event included a workshop of tourism connectivity with the participation of tourist service suppliers. The Secretary congratulated Sinaloa’s Governor and Mazatlan’s Mayor who felt honored and pledged to continue to
Mexican exports to US in 2016 topped US$294 billion reaching a record level that represents 13.4% of all shipments. Mexico was the second largest supplier after China, according to a report by the US Census Bureau released Tuesday. Canada had 12.7 percent of shipments, equivalent to US$278 billion. Mexico is the second largest destination of US
Miguel Angel Osorio Chong, Government Secretary (Mexico’s equivalent of “Vice-President”) held a meeting in Mazatlan with the assistance of the National Security Board. Osorio Chong said Quirino Ordaz’s Goverment will have all the Federal support to restore tranquility and security in Sinaloa. The meeting focused on security in the cities of Culiacan and Mazatlán with new strategies for short term effectiveness.
The Mexican government on Wednesday vehemently denied reports that President Trump threatened to send American soldiers into Mexico during a phone call with Mexican President Enrique Peña Nieto. Such a threat “did not happen during that call,” said a government statement released on Twitter Wednesday night. “I know it with absolute certainty, there was no threat,” Peña Nieto spokesman Eduardo
Tianguis Turistico is the most important travel trade show in Mexico, providing a unique business arena where domestic and international purchasers are able to meet with over 500 Mexican tourism service providers. It used to be held annually in Acapulco but since 2012, the event became a traveling show held in a different city in Mexico each
As per request of the Governors National (CONAGO), President Pena Nieto will hold a meeting tomorrow January 31 with the 32 State Governors. The meeting will be at 12:30 pm at the Los Pinos Presidential House. On the Agenda will be: the border wall, the 20% duty tax proposal to products imported from Mexico and
On the day before his 77th birthday, Mexican billionaire Carlos Slim said he was celebrating, not his birth, but the unity of his country. The world’s fourth-richest person, according to Forbes, on Friday entered a standing-room-only press conference in the same building from which he runs his empire, holding a set of papers with handwritten
Mexicans have reacted angrily to President Trump’s executive order, which among many things directed the U.S. government to begin immediate construction of a border wall. Mexican lawmakers are urging President Enrique Peña Nieto to cancel his scheduled visit to Washington, D.C., on Jan. 31. Peña Nieto has not said whether he will cancel the meeting.
Jose Cuervo the world’s largest tequila maker, is pushing forward with plans for an initial public offering after delaying the share sale last year, according to a person with knowledge of the matter. The company plans to start formally marketing the deal to investors with a multi-city roadshow this week and the offering may price
The U.S. and Canada feel that Mexico will be most affected by a reworked NAFTA. While Pres. Trump will meet with Pres. Neto face-to-face, the President is sending his son-in-law Jared Kushner to Calgary to meet with Justin Trudeau’s with the message that commerce is balanced and running smoothly north of the border. Trudeau’s cabinet gathered
El Chapo” Guzman appeared in a U.S. court on Friday after his surprise extradition from Mexico and pleaded not guilty to charges that he ran the world’s largest drug-trafficking organization during a decades-long criminal career. Guzman, 59, was accompanied by two court-appointed lawyers during the appearance in federal court in Brooklyn. He did not appear