Mexico Financial News

Subscribe to enjoy similar stories. For much of the past 20 years emerging markets (EMs) have seemed doomed never to emerge. The world’s up-and-coming economies were supposed to offer daredevil investors a shot at outsize returns: the chance to profit from the superior growth of middle-income countries as they caught up with rich ones.

Subscribe to enjoy similar stories. My dearest Xiaomi SU7 Max, It’s been about a month since we were last together. Now, every time I climb back into my Ford Mustang Mach-E, I can’t stop thinking about you—your long range, your modular interior, your absurdly large infotainment screen.

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. OTTAWA–Canada and the Trump administration are locked in a war of words over Prime Minister Mark Carney’s bid to chart a new model for smaller powers to fight back against the U.S.’s aggressive use of its economic and military might. In the past week, Carney has resolved a trade dispute with America’s biggest strategic competitor, China, and delivered a speech at the World Economic Forum in Davos, Switzerland urging smaller powers to unite against economic coercion from the world’s great powers.

Subscribe to enjoy similar stories. Even as we are engaged in protracted negotiations with the US to sew up a trade deal, India has gone ahead with much agility to sign several others. In recent months, New Delhi has concluded deals with Australia and the UAE, apart from a long-awaited pact with the UK, and announced progress on trade agreements with New Zealand and the EU.

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.

Removing Venezuela’s dictator introduced ‘Trump’s Corollary’ in Latin America with an exclamation point. The White House’s updated take on the Monroe Doctrine had its baptism of fire on Saturday, when US forces captured Nicolás Maduro at his Caracas stronghold, decapitating the Chavista regime responsible for bankrupting one of the world’s richest oil nations. Less than a month after Washington unveiled a new National Security Strategy pledging to restore American pre-eminence in the Western Hemisphere—by force if necessary—Maduro and his wife were on their way to New York to face “narco-terrorism” charges.

“al Qaeda of the Western Hemisphere,” U.S. officials have rallied domestic support for this more muscular foreign policy.For countries in the region, the new policy will set off a scramble to adjust. Pro-U.S., and pro-Trump, leaders like Argentina’s Milei and El Salvador’s Nayib Bukele have fared well.

₹2,000-crore technology upgradation scheme for small businesses in the 2026-27 budget, aimed at boosting the adoption of energy-efficient machinery, two people aware of the development said.The technology upgradation scheme, proposed by the Union ministry of micro, small, and medium enterprises (MSME), and currently under discussion, will cover MSMEs with annual turnover of less than ₹50 crore, offering them a 20% capital subsidy for purchase of energy-efficient machinery, smart manufacturing, and automation upgrades, said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.A micro enterprise has an annual turnover of up to ₹5 crore, a small enterprise up to ₹50 crore, and a medium enterprise up to ₹500 crore.The plan comes amid several countries introducing their own carbon taxes on imports from nations with weaker climate regulations. The European Union’s Carbon Border Adjustment Mechanism (CBAM) comes into effect from 1 January.

Write to Santiago Pérez at [email protected] and Anthony Harrup at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] global trading system is undergoing a profound transformation.

India has approached the World Trade Organization (WTO) for consultations with the European Union (EU) as the bloc’s proposed tariffs and quotas on ferro-alloy imports deepen worries about global trade uncertainty when the two parties are negotiating a free-trade pact.India has a substantial trade interest in the products concerned and has invoked provisions of the Agreement on Safeguards to seek consultations with the EU, according to the WTO document reviewed by Mint.The EU issued a notification last month, proposing a safeguard duty after claiming serious injury or threat to its domestic ferro-alloy industry due to rising imports.The EU imported iron and steel products worth about $4.25 billion from India in 2024, according to the United Nations COMTRADE database. Ferro-alloys such as silico-manganese, ferro-manganese and ferro-silicon, which are essential inputs for steelmaking in Europe, accounted for about $381 million.While total Indian exports to the EU in the category may be small, the EU’s move increases uncertainty even as the two sides are engaged in talks for a free-trade pact.

America’s greatness, or at least the White House version of it, gets costlier for others by the day. The blow taken by India’s auto exports to Mexico, whose tariffs are set to more than double next year, could also be ascribed to that project.When Mexican President Claudia Sheinbaum unveiled her plan to raise barriers in September, a shield for local industry was the stated aim, but her real anxiety was clearly a review of the US-Mexico-Canada Agreement (USMCA) due in 2026.Recall how US President Donald Trump rattled Mexico and Canada with threats within days of taking office.

Subscribe to enjoy similar stories. Three-quarters of India’s exports to Mexico are set to face a major setback from 1 January 2026, according to a report released on Friday by Global Trade Research Initiative (GTRI), after the Mexican senate approved steep tariff increases on goods imported from countries that don’t have a free-trade agreement (FTA) with Mexico.

Uneasy lies the head that wears the crown,” wrote Shakespeare in his play Henry IV. The English playwright was talking about a king by that name, not of any central bank governor.

Across much of the industrial world, trust in government is low and declining. Why is this happening and why exactly does it matter? An unusually thorough new study looks at these questions and finds answers that are somewhat unexpected and, in one way, more disturbing than you might have guessed.The fact of diminished trust is hardly a revelation, least of all in countries such as the US, where anti-establishment populists have turned politics upside down and elite expertise has become not just distrusted but disdained. Last year, a survey found that fewer than one is six Americans expect Washington to do the right thing “nearly always” (1%) or “most of the time” (15%).

“Baptism by fire,” is how D. Subbarao had described his initial months as the 22nd governor of the Reserve Bank of India (RBI). Subbarao took charge in September 2008 in the shadow of the collapse of investment bank Lehman Brothers that led to the 2008-09 Global Financial Crisis and brought the world economy to its knees.

Subscribe to enjoy similar stories. The plans for next summer’s World Cup had been brewing for nearly a decade by the time Gianni Infantino, the president of soccer’s world governing body, stepped into the Oval Office last month.

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. Chennai: In 1947, the US led 23 nations into signing the General Agreement on Tariffs and Trade (GATT). The effort was to lower trade and tariff barriers among nations.