City Mexico Financial News

MEXICO CITY—Bank of Mexico deputy governor Gerardo Esquivel said the central bank runs the risk of raising interest rates too far in its bid to contain inflation, according to the minutes from this month’s monetary policy meeting.

Subscribe to enjoy similar stories. MEXICO CITY—For many drug-enforcement officials in North America, there was one cartel boss who was too big and too dangerous to ever try to take down—Nemesio “El Mencho" Oseguera, the head of the Jalisco New Generation Cartel.

Subscribe to enjoy similar stories. IN THE BARRIO of Iztapalapa, on Mexico City’s eastern flank, the pavements stay busy even in the punishing afternoon sun. Street vendors hawk snacks from metal carts; waiters from corner taquerías weave between tables and traffic; cashiers in the ubiquitous convenience stores ring up a steady stream of small purchases.

Subscribe to enjoy similar stories. NEW DELHI : Just a month after Mexico doubled tariffs on car imports, South Africa is considering the option, in a one-two punch that threatens Indian automobile exports of over $2 billion. The latest move, if it takes effect, will hurt India's largest carmaker Maruti Suzuki India Ltd, and Hyundai Motor India Ltd—For Maruti, South Africa is the largest export market, while for Hyundai, it is among the top five.

Subscribe to enjoy similar stories. MEXICO CITY—President Claudia Sheinbaum said Monday she rejected an offer from President Trump to use the U.S. military against the country’s drug cartels, as Mexican security officials grow concerned about potential American demands in the wake of Venezuelan leader Nicolás Maduro’s ouster.

Subscribe to enjoy similar stories. MEXICO CITY—Dozens of Mexico’s most dangerous prisoners, cuffed hand and foot, boarded army jets under heavy guard this year, a rogue’s gallery of cartel leaders responsible for smuggling tons of heroin, fentanyl, cocaine and methamphetamine to insatiable U.S. buyers.

Subscribe to enjoy similar stories. XOCHIMILCO, Mexico—A homely aquatic salamander with a cartoonish smile and the ability to regenerate lost body parts has become a global phenomenon, appearing as characters in Minecraft, Fortnite and Pokémon and inspiring a McDonald’s Happy Meal toy. Where the axolotl can barely be found: in its natural habitat in Mexico.

Mexico City offered more than music, food and booze. Amidst the usual festival fare, a booth provided free, anonymous drug testing. The initiative, known as «Checa tu Sustancia» (Check Your Substance), is one of several recent efforts by Mexican civil society to reduce risk among people taking drugs. Spearheaded by the Instituto RIA, a Mexico-based drug policy research and advocacy organization, it aims to address drug use from a public health and social justice perspective, rather than a security one. In a well-lit corner of the festival, members of the Instituto RIA used reagents and laboratory porcelain plates to test substances that some of the partygoers planned to use and recorded the data. Their analysis uses color changes to indicate what's in the drug: It can reveal the presence of adulterants but not their exact proportion. They also offered test strips that can detect the presence of fentanyl and nasal sprays of naloxone, a medication designed to rapidly reverse opioid overdose. Also available were informational flyers detailing the effects of various psychoactive substances and what to do to reduce the risks associated with using them, including simple but critical measures like staying hydrated and eating well.

Subscribe to enjoy similar stories. On the night before he was sworn in for his second term, Donald Trump stood at a raucous victory rally and sent a special shoutout to a 54-year-old Swiss lawyer in the stands. He referred to him simply as Gianni, and Trump wanted to express his gratitude.

Mexico’s anti-monopoly regulators have imposed special conditions for a period of 10 years on Walmart’s Mexico subsidiary for allegedly pressuring suppliers

Walmart’s Mexico subsidiary says it plans to appeal a $4.6 million fine for alleged monopolistic practices involving suppliers

Three taxi drivers have been arrested in Puerto Morelos in Mexico, just south of Cancun, for threatening a tourist for using a ride-share app

Truck drivers have blocked some major highways in central Mexico to protest the fact the government hasn't paid them for work they did on a tourist train line

Mexico's president says much of the money gained by eliminating independent oversight and regulatory agencies will go to the army to fund a rise in soldiers’ pay

Mexico's Senate has voted to charge cruise ship passengers $42 per head for port calls, drawing sharp criticism from the tourism industry

Mexico has decided to increase its still strikingly low daily minimum wage by 12% next year

Justin Trudeau said Saturday he had an «excellent conversation» with Donald Trump at his Mar-a-Lago club after the president-elect's threat to impose significant tariffs on two of America's leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back to Canada from Florida, whether the conversation had alleviated Trump's concerns. A person familiar with the details of the leaders' hastily arranged meeting Friday night said it was a «positive wide-ranging dinner that lasted three hours.» The official, who was not authorised to discuss the matter publicly and spoke to The Associated Press on condition of anonymity, said topics included trade, border security, fentanyl, defence, Ukraine, NATO, China, the Mideast and pipelines, as well as the the Group of Seven (G7) meeting in Canada next year. The Republican president-elect has threatened to impose tariffs on products from Canada and Mexico if the countries don't stop what he called the flow of drugs and migrants across their borders. He said he would impose a 25 per cent tax on all products entering the US from Canada and Mexico as one of his first executive orders when he takes office in January.

Mexican authorities have raided a massive complex of stores selling counterfeit Chinese goods in downtown Mexico City, and vowed the crackdown will be carried out nationwide

Mexican President Claudia Sheinbaum says she is confident that a tariff war with the United States can be averted

Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants acros...

Mexico has been taking a bashing for allegedly serving as a conduit for Chinese parts and products into North America

Mexico's president has acknowledged that Canada is concerned about reports of a Chinese company's auto plant in Mexico, but she says it does not exist