Zenyazen Flores (EN)
Reporter
México
Sheinbaum’s Congressional Landslide Win Shakes Mexican Markets Even as Ramírez de la O Stays On
While Claudia Sheinbaum’s presidential win was anticipated, analysts say the markets were unprepared for Morena’s overwhelming majority in Congress
English
What You Need To Know About the Presidential Elections in Mexico, from a Latam Perspective
The economy, migration, drug trafficking and AMLO’s succession by a female candidate are the main issues drawing Latin America’s attention to this Sunday’s historic vote
English
Exclusive: Mexican Finance Ministry Sees GDP Growing at 2.5% and Oil at US$58 in 2025
The Ministry of Finance sent its preliminary 2025 economic forecast to Congress, keeping growth in 2024 unchanged between 2.5% and 3.5%
English
What to Expect for the Mexican Economy in 2024 According to Two Top Economic Forecasters
Banorte’s Alejandro Padilla and UBS’ Rafael de la Fuente told Bloomberg Línea that the country’s presidential elections shouldn’t disrupt momentum from private consumption and investment
English
Minimum Wage Hikes Should Slow Down During Next Presidency, Mexican Official Says
The recent minimum wage increase should not have an impact on inflation in 2024, Luis Munguía, president of Conasami, told Bloomberg Línea in an interview
English
Minimum Wage in Mexico Set to Rise by 20% Next Year, AMLO Confirms
The Council of Representatives of Conasami unanimously approved the hike during the early hours of this Friday
English
Hurricane-Hit Acapulco Seen Reopening for Business In Six Months
Gabriel Yoro, deputy finance minister, said at the Bloomberg Línea Summit in Mexico City that the port and resort’s recovery is planned in stages, beginning with humanitarian relief efforts
English
S&P Global to Review Mexico’s Credit Rating Before March 2024
Omar de la Torre, director and head analyst at the ratings agency, said in the Bloomberg Línea Summit in Mexico City on Wednesday that S&P hopes fiscal discipline continues in the 2024-2030 administration
English
Electric Vehicle Growth In Mexico Faces Energy, Regulatory Challenges
Francisco Cabeza, president of the newly created association for the promotion of electric vehicle use, highlights the challenges facing the sector’s growth
English
This Is Why Mexico’s Higher Deficit Won’t Necessarily Mean a Credit Rating Downgrade
Credit rating agencies have often praised Mexican President Andrés Manuel López Obrador’s fiscal discipline; however, as 2024 draws nearer, the country’s projected fiscal balance is showing signs of deterioration
English
Exclusive: Pemex to Refinance $3B In Revolving Credit to Complement Gov’t Funding
The government’s capital injection into the state-owned oil company are conditioned on Pemex cutting its expenditure this year and next
English
Mexico’s Ruling Party’s Candidate Selection Process In Disarray as Ebrard Cries Foul
Mexico’s former foreign minister and a candidate for the ruling Morena party’s presidential candidacy said Wednesday the process used to pick the nominee was tainted and needs to be redone
English
Mexico Could Modify GM Corn Ban to Appease US, Canada and Avoid Tariffs
The country’s Agriculture Minister Víctor Villalobos said the government could modify the decree banning genetically modified corn imports in a bid to prevent the US and Canada from imposing tariffs
English
Mexico Lays the Groundwork to Modernize its Fintech Regulation
Deputy Finance Secretary Gabriel Yorio told Bloomberg Linea that the adjustment of the legal framework for the fintech sector will be gradual and will take place over the next six-year term
English
US Requests First USMCA Rapid Response Labor Panel on Mexico Mining Controversy
The US government has requested the creation of a panel with the Mexican government regarding a labor conflict at a mine in Zacatecas state, which Mexico considers to be outside of the free trade agreement’s jurisdiction
English
Mexico’s Government Foresees Resolution of GM Corn Controversy With US In 2024
Economy Minister Raquel Buenrostro says she is ready to defend the government’s stance when a panel is set up between both countries to debate Mexico’s rejection of genetically modified corn imports
English
Mexico Sees Tepid Rise In New Foreign Investments Despite Nearshoring Boom
Foreign direct investment into the country totaled $29 billion in first half, 6% up on H1 2022
English
Banco de México Braces Itself for a Cautious Rate Cut in November
Three analysts consulted by Bloomberg Line agreed that the ex-ante real interest rate would continue to rise due to falling inflation expectations