By THE PULSE NEWS MEXICO STAFF Mexico’s total exports amounted to $39.632 billion in August, representing a drop of 4.58 percent compared to the previous month, its biggest drop in 15 months, according to seasonally adjusted data from the National Institute of Statistics and Geography (Inegi). The nation’s imports also decreased in August to $42.829 billion, down 3.36 percent compared
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XINHUA German automotive manufacturer Volkswagen (VW) will invest $233.5 million to expand its engine plant in the central Mexican state of Guanajuato, in a bid to boost production capacity aimed at the North American market, the company announced on Thursday, Nov. 12. Added capacity will be used to manufacture the new EA211 turbo-charged engine at the VW plant in Silao,
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XINHUA In the wake of the novel coronavirus pandemic, Mexico’s economic recovery has been “asymmetric,” with export-driven manufacturing bouncing back stronger than retail trade and services for the domestic market, the Mexican Institute of Finance Executives (IMEF) said on Monday, Nov. 2. The IMEF’s manufacturing indicator rose 3.2 points in October compared to the previous month, to reach 50.1, indicating
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XINHUA The loss of formal jobs in Mexico due to the covid-19 pandemic will be more evident in the manufacturing and tourism sectors, and the recovery will be prolonged, the international credit rating agency Moody’s Analytics said on Thursday, Sept. 10. In a report on Mexico, the U.S.-based agency indicated that despite signs of rebound in certain jobs, the recovery
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XINHUA Vehicle production in Mexico fell by 13.15 percent in August compared to the same period last year, while exports fell 8.59 percent in the same period year-on-year, the National Institute of Statistics and Geography (Inegi) reported on Friday, Sept. 4. According to the Inegi, Mexico manufactured 293,463 vehicles in August of this year, with 257,610 destined for foreign markets.
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By ANTONIO GARZA, former U.S. Ambassador to Mexico
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By EARL ANTHONY WAYNE, former U.S. Ambassador to Mexico
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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By THÉRÈSE MARGOLIS Three-quarters of all recent South Korean investment in Mexico has been in states that border the United States, according to a recent study conducted by the Universidad Tecnológico de Monterrey (Tec de Monterrey) in cooperation with the Korean Embassy here. “More than 80 percent of all accumulated Korean investment in Mexico — which now amounts to
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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