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Peso plunges due to imminent Judicial Branch reform
The Mexican peso depreciated sharply on Wednesday, falling for the third day in a row. The local currency lost ground amid concerns over a questionable proposal by Morena and the federal government to reform the Judiciary.
Gold price hits record highs: implications and opportunities
The price per ounce increases to $2,531.60 USD, which means that a standard gold bar is now worth more than $1 million dollars. Over the year, its price has soared by more than 23%.
Volvo boosts the automotive industry in Mexico with new plant in Nuevo León
Volvo Group has confirmed the location of its new heavy truck manufacturing plant in Ciénega de Flores, Nuevo León, which will cover approximately 160,000 square meters and will begin operations in 2026.
Akron drives energy transformation in Mexico with a multi-million dollar investment by 2025
Akron, a company known for its presence in the energy sector, has announced an ambitious investment of between US$100 million and US$150 million for the construction of a power plant in Lagos de Moreno, Jalisco.
Mexico remains attractive for investment in 2024, but pace slows down
Mexico continues to attract investors, although behind the pace it set in 2023. On Monday, the Ministry of Economy (SE) reported 48.3 billion dollars in investments announced by foreign and domestic companies through July, a figure that represents a slowdown after companies made 52 investment announcements totaling 25.84 billion dollars between January 1 and February 29.
Toyota redefines its strategy: bets on hybrids in the face of electric vehicles uncertainty
Toyota may be one of the slowest traditional automakers to develop electric vehicles, but it could be the first to abandon gasoline-only powered cars.
Change of power in Japan: how will it affect the business world?
Japanese Prime Minister Fumio Kishida announced Wednesday that he will resign next month, a move that sets off a race among potential successors to replace him as head of the world's fourth-largest economy.
Dollar rallies on slowdown in U.S. inflation
The US dollar pared its losses after consumer price index data showed that inflation is slowing. The dollar index, stood at 102.59, down 0.04%.
Claudia Sheinbaum breaks barriers: first woman at the head of CFE
The appointment of Emilia Esther Calleja as the first woman to head the Federal Electricity Commission (CFE) not only highlights an advance in terms of gender equity, but also suggests the intention to strengthen the strategy of state control over energy production and distribution.
Investors cut oil positions to a minimum in the face of the global financial crisis
Oil investors reduce their positions to an all-time low amid the financial market meltdown: Implications for the energy sector.
Taylor Swift concert cancellations hit insurance companies
The recent cancellations of Taylor Swift's concerts in Vienna due to terrorist threats have generated a chain of repercussions affecting both the insurance sector and the entertainment industry.
Mexico prepares to reactivate Pemex with new private alliances
Mexico's next government, headed by Claudia Sheinbaum, is considering a strategic opening of Pemex to equity partnerships with private oil companies.
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