Mexico News Blog: Free and Unlimited News from Mexico

Category

Business

Mexico Business News

Array

Mexican tequila makers, unlike brewers, plan to keep up production, exports

Mexican tequila makers have sought to dispel concerns that their exports to the United States will dry up, after two large brewers in the country suspended production to comply with government rules put in place due to the new coronavirus. “Neither in the United States nor in Canada are there restrictions on manufacturing and selling...
Read More
Array

Mexico stops brewing Corona beer, deemed non-essential in epidemic

Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the coronavirus. The Mexican government this week declared a health emergency and ordered the suspension of non-essential activities...
Read More
Array

L’Oréal México starts production of antibacterial gel

In order to support the Mexican public health services in their fight against the COVID-19 pandemic, and the people and organizations that urgently require this key prevention product today, L’Oréal Mexico began the industrial production of antibacterial gel in its two factories located in San Luis Potosí and Xochimilco. The first 300,000 units, in 150ml...
Read More
Array

153 hotels in Mexico have temporarily closed due to COVID-19

The hotel sector is one of the most affected by the paralysis of tourism worldwide due to the coronavirus, and in the case of Mexico, the Mexican Hotel Association reports the temporary closure of 153 hotels, said Brian Rodríguez, an analyst at Monex. He explained that according to the association, in recent weeks the beach...
Read More
Array

Mexicans fear looting spree as shops robbed, online messages incite theft

Mexicans on Wednesday feared measures to contain the coronavirus outbreak would lead to widespread looting after criminals robbed stores that were closed and posted calls on social media for people to ransack businesses. Police in Mexico City arrested 10 people on Tuesday night who tried to rob shops in four neighborhoods, the city’s security ministry...
Read More
Array

Riu announces gradual closure of hotels in Mexico due to coronavirus

The Spanish hotel chain Riu announced Thursday the gradual closure of hotels in Mexico due to measures by the COVID-19 pandemic and the enormous impact on tourism caused by travel restrictions imposed by various countries. Through a press release, the hotel chain announced that they hope to keep one or two hotels in operation in...
Read More
Array

Fiat Chrysler suspends operations in Mexico

Due to the spread of Covid-19, FCA de México (Fiat Chrysler Automobiles) announced the suspension of operations at its manufacturing plants starting tomorrow. Although he did not specify a precise date to resume operations, he said it could happen in late March. “Given the evolution of events related to Covid-19, at FCA Mexico we are...
Read More
Array

Credit Suisse sharply cuts Mexico’s 2020 GDP, sees economy shrinking by 4%

Credit Suisse sharply lowered its forecast for Mexico’s economic performance this year and now expects a 4.0% contraction, according to a note sent to the bank’s clients on Tuesday, adding to a series of downgrades since the coronavirus spread. Previously, the bank estimated that Mexico’s real gross domestic product (GDP) would grow by a modest...
Read More
Array

The Mexican Stock Exchange suspends operations for 15 minutes to avoid crash

The crisis caused by the coronavirus has once again hit the Mexican Stock Market, which was forced to suspend operations for 15 minutes on Tuesday to avoid a crash. In the first minutes after opening, the Price and Quotation Index (CPI) had dropped to 7.12%. After the resumption of operations, the indicator fell again until...
Read More
Array

Mexico’s weak peso weighs on rate decision: central bank governor

Mexico’s peso weakness on the back of the coronavirus outbreak complicates a looming rate decision, the central bank governor told Reuters on Friday. The coronavirus has sent shockwaves through financial markets and prompted flows from emerging markets to safe-haven currencies like the dollar. Battered by global market turmoil over a crude price war and the...
Read More
1 2 3 4