Pemex’s Oil Production Slump Reaches Two-Year Mark
Pemex, Mexico's state-owned oil company, faces a persistent decline in crude oil production. November marked the 24th consecutive month of...
December 26, 2024Section
Mexico News in English
Mexico news in English from The Rio Times — politics, economy, trade, energy and culture.
Mexican Peso Strengthens on Christmas Eve
The Mexican peso gains ground on Tuesday morning. The local currency advances at the start of a trading day expected...
December 24, 2024
Pemex to Settle Outstanding Payments to Suppliers by February
Petróleos Mexicanos (Pemex) plans to address its overdue payments to suppliers starting this December and continuing into February. This announcement...
December 24, 2024
Nordstrom Goes Private in $6.25B Deal with Family and Mexican Retailer
In a significant shift for American retail, Nordstrom has agreed to a $6.25 billion privatization deal. The Nordstrom family and...
December 23, 2024
Mexican Peso Plunges 18% in 2024, Ranks 4th in Global Currency Depreciation
The Mexican peso faced a tumultuous year in 2024, emerging as the fourth most depreciated currency against the US dollar....
December 23, 2024
Drug Cartels as Terrorists: Trump’s Bold Plan Resurfaces
President-elect Donald Trump has reignited a controversial proposal to designate Mexican drug cartels as foreign terrorist organizations (FTOs). This move,...
December 23, 2024
Mexico’s Luxury Real Estate Boom: A $15 Billion Market on the Rise
In 2024, Mexico's luxury real estate market hit a record $15 billion in sales. This surge reflects a growing appetite...
December 20, 2024 Mexican Peso Gains Ground as Central Bank Shifts Gears
The Mexican peso strengthened for the second consecutive day against the US dollar on Friday. This upward trend follows Banco...
December 20, 2024
Mexico Hikes Textile Tariffs to 35% to Save Struggling Industry
Mexico's textile industry is fighting for survival. President Claudia Sheinbaum's recent decree aims to breathe new life into this struggling...
December 20, 2024