Mexico Financial News

Bill Ackman talked about his investment philosophy in a recent interview and briefly touched on cryptocurrencies.

Mexico's president acknowledges the armed forces have taken over yet another civilian role: filling potholes on the nation's highways

American Airlines is raising bag fees and pushing customers to buy tickets directly from the airline if they want to earn frequent-flyer points

By Daniel Tichenor, University of Oregon Immigration is already a major polarizing issue in the 2024 U.S. presidential election. Arrests for illegal border crossings from Mexico reached an all-time high in December 2023, and cities like New York and Chicago are struggling to provide housing and basic services for tens of thousands of migrants arriving from Texas. In early February 2024, a group of senators proposed new immigration legislation that would have slowed the migrant influx at the border. The bill would have made it harder for migrants to both apply for and receive asylum, which is the legal right to stay in the U.S. because of fear of persecution if they return back home. But the bill, like others proposed in recent years, quickly faltered after Republicans opposed it.

By Gabriel Stargardter and Lucinda Elliott

Truckers are staging protests on busy highways outside of Mexico City to protest the wave of killings of drivers during highway robberies

Ford's top executive says that last fall’s contentious United Auto Workers’ strike changed the company's relationship with the union to the point where it will “think carefully” about where it builds future vehicles

Google Doodle on Friday commemorated Lithuania’s two Independence Days: the Restoration of the State Day. According to the description, on February 16, 1918, the Council of Lithuania ratified the Act of Independence, signalling the end of Soviet domination. This day holds significance as Lithuanians pay tribute to the individuals who fought and endured hardships to secure their country's sovereignty.

By Daina Beth Solomon and Divya Rajagopal

Rates and the dollar fell yesterday, giving stocks a chance to rally back. The S&P 500 caught this mechanical bid late in the day, of course right after I posted my YouTube video.

WestJet passenger says she was kicked off a flight for using the airplane’s bathroom too much before takeoff.Joanna Chiu, a B.C. author, revealed in a series of posts to X (formerly Twitter) that she was forced to leave the aircraft departing Mexico before takeoff after making frequent trips to the washroom, caused by an “upset stomach.”“Just got kicked off a @WestJet flight from Mexico because I had an upset stomach and was going to the washroom too much before takeoff.

Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and wall off TV streaming to avoid stifling competition

By Nivedita Balu and Niket Nishant

Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower sales in the U.S. The Atlanta-based beverage giant said Tuesday its revenue rose 7% to $10.8 billion for the October-Decem...

Republicans impeached US President Joe Biden's immigration chief on Tuesday, the culmination of months of attacks on the Democratic administration as they seek to make border security a key issue in November's election. Conservatives in the House of Representatives, which is narrowly controlled by Republicans, blame Homeland Security Secretary Alejandro Mayorkas for a surge in illegal entries from Mexico that they have called a «humanitarian catastrophe.»

By David Morgan and Richard Cowan

Coca-Cola Company on Tuesday said its beverage volume growth in 2023 in the developing and emerging market was led by India and Brazil. The India business «experienced a robust growth in 2023», said James Quincey, Chairman and CEO of the Coca-Cola Company during the earnings call on Tuesday. The company's net revenue for the December quarter grew 7% to USD 10.8 billion, and organic revenues (non-GAAP) grew 12%. For 2023, net revenues grew 6% to USD 45.8 billion.

(Reuters) — China's BYD Co (SZ:002594) Ltd is planning to set up a new manufacturing plant in Mexico, Nikkei reported on Wednesday, citing the company's Mexico head, as the electric vehicle maker aims to establish an export hub to the United States.

BYD (BYDDF (OTC:BYDDF)), China's EV manufacturing giant and the archrival of Tesla (NASDAQ:TSLA) in the country, is considering building a factory in Mexico, according to a report by Nikkei.

MEXICO CITY (Reuters) — Mexican antitrust regulator Cofece on Tuesday said it had identified «possible barriers» to competition in the e-commerce market, with Amazon (NASDAQ:AMZN) and Mercado Libre together controlling more than 85% of transactions and sales.

By David Morgan