Mexico

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

Donald Trump, the U.S. president, said that he expected his administration to implement tariffs on oil and gas by February 18th. It could also reduce the planned tax on some Canadian crude. Refiners in the Midwest of the United States process about 70% of this oil imported by the U.S. Analysts and companies have warned that a tariff on oil imports may lead to a decrease in fuel production at these facilities, and increase costs for consumers. Trump didn't specify a country that would be affected by the new tariffs or give any further details. Trump told reporters at the...

Donald Trump, the U.S. president, said on Thursday that he will decide soon whether or not to exempt Canadian and Mexican oil from the 25% tariffs he had promised to impose Saturday on their products. "We might or might not." Trump stated that he will make a decision about imposing tariffs on Canadian or Mexican oil "probably tonight." Trump said that the decision would be based in part on price and whether or not both countries "treat" him properly. Trump has set Saturday as the deadline for imposing 25% tariffs on imported goods from Mexico and Canada in order to...

U.S. President Donald Trump's. go back to the White House has actually been met both relief and. dissatisfaction throughout world markets as investors try to exercise. what the next four years will bring. The approach will be chaotic, unpredictable, spur of the. minute and driven by Trump himself, stated Russel Matthews,. senior portfolio manager, international macro at RBC BlueBay Asset. Management. Here's a take a look at some of the winners and losers emerging. from Trump's very first 24 hr in workplace. 1/ NAME CALLING Calling out Canada and Mexico as possible targets for. tariffs took an even more toll...

U.S. President Donald Trump's. go back to the White House has been met with both relief and. frustration across world markets as financiers try to work out. what the next four years will bring. The approach will be chaotic, unpredictable, spur of the. minute and driven by Trump himself, stated Russel Matthews,. senior portfolio supervisor, international macro at RBC BlueBay Asset. Management. Here's a look at a few of the winners and losers emerging. from Trump's very first 24 hours in office. 1/ NAME CALLING Calling out Canada and Mexico as prospective targets for. tariffs took an even more toll...

U.S. President Donald Trump said on Monday that his administration would likely stop buying oil from Venezuela and was looking extremely highly at the South American country. It was a great country twenty years ago, and now it's a mess, Trump informed press reporters in the Oval Office hours after his inauguration. We do not need to buy their oil. We have a lot of oil for ourselves. Trump's envoy for special objectives, Richard Grenell, had earlier said he consulted with multiple authorities in Venezuela and would start meetings early Tuesday, days after the outgoing Biden administration enforced brand-new sanctions...

Brazilian digital loan provider Nubank has actually signed a contract with Mexican convenience shop chain Oxxo, run by FEMSA, to broaden its cash deposit and withdrawal network in the North American nation, the firms revealed on Monday. WHY IT is essential Warren Buffett-backed Nubank, among the Latin America's. biggest firms by market price, has been aiming to scale its. operations in Mexico and Colombia after growing in Brazil, its. home market, where it has more than 100 million consumers. While Nubank's Brazil operations are nearly fully digital,. the lending institution has been utilizing different techniques to grow in. Mexico, where...

Donald Trump is anticipated to satisfy Republican U.S. senators on Wednesday, a Republican aide stated on Monday, as the president-elect advises his celebration to combine his concerns into one enormous bill. The aide included that a time and area for the conference were still to be figured out. WHY IT is essential Trump will take workplace on Jan. 20 after winning the Nov. 5 U.S. elections in which his Republican politician Party also won a narrow majority in both the Senate and the House of Representatives. Republican politicians have been weighing a complex legal technique that might enable them to...

Some Canadian premiers are prompting Ottawa to react robustly to the risk of tariffs from incoming U.S. President Donald Trump and have actually highlighted important minerals and metals as products that the U.S. relies on, Canada's Finance Minister said on Wednesday. Canadian Prime Minister Justin Trudeau and other government ministers consulted with provincial premiers to discuss Trump's pledge to enforce steep tariffs on Canadian and Mexican imports after he is sworn in as President in January. That promise has raised worries of a trade war in between the U.S. and two of its biggest trading partners. A variety of premiers...

Oil producers in Canada and Mexico will likely be required to lower rates and divert supply to Asia if U.S. Presidentelect Donald Trump enforces 25% import tariffs on unrefined imports from the two nations, traders and analysts stated. 2 sources knowledgeable about Trump's plan informed Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, in spite of the U.S. oil market's cautions that the policy might harm customers, market and national security. The United States accounts for 61% and 56% of unrefined exports from Canada and Mexico, respectively, ship tracking data from...

A Mexican judge has stated local steelmaker Altos Hornos de Mexico is bankrupt, ruling that the firm will need to be offered and those funds utilized to pay back debt, following years of crisis connected to corruption allegations, court files revealed on Thursday revealed. Its previous president, Alonso Ancira, was detained in Spain in 2019 in connection with an examination into paying kickbacks to authorities at Mexico's state energy company Pemex in order to offer a fertilizer plant at an inflated cost. According to the court judgment, the personal bankruptcy was stated after the due date for a resolution in...

Hurricane Rafael was rapidly getting steam on Tuesday afternoon as it downed toward the Cayman Islands in the Caribbean, and will likely become a. cyclone in the next few hours, according to the U.S.based. National Typhoon Center. Rafael was blowing optimal sustained winds of 70 miles per hour (113. kph) after skirting past western Jamaica around mid-day, the NHC. said in a weather report. Residents in Jamaica hunched down, with 4 emergency situation. shelters triggered, according to authorities. No deaths or. injuries were reported as bursts of heavy rain disposed on the. island. As Rafael chugged toward the Cayman Islands,...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

In the early days this quarter's earning season, tariffs were on executives' minds as U.S. president Donald Trump threatened to hit Mexico and Canada with levies against imported goods. The tariffs will now be implemented on March 1 with an announcement made on Saturday. However, it's possible that Trump may back down on his threats or only target specific industries. This quarter, the topic of how companies are navigating this issue will be a major focus on investor events and conference calls. Nearly 200 of the S&P 1000 - a group of large, mid and small cap stocks - mentioned...

Amid a fresh wave of violence, Mexico's President Claudia Sheinbaum has sent her security chief and thousands of soldiers to stem a bloody escalation of drug cartel criminal activity in Sinaloa state, signaling a. shift in security strategy in the Latin American country. On the campaign path, Sheinbaum had actually promised to mainly. continue the security policy of her mentor and predecessor. Andres Manuel Lopez Obrador, which prioritized resolving the. root social reasons for criminal offense instead of assaulting the cartels -. a technique nicknamed hugs not bullets after a catchphrase of. the previous president. But preliminary signs from her...

Newmont's Mexican department said on Wednesday it sees an openness for discussion from the Mexican federal government, in the middle of the suggested increase in mining royalties, which could potentially hinder billions of dollars in financial investments. WHY IT is necessary The suggested boost in mining royalties could obstruct more than $6.9 billion in investments over the next 2 years, according to the country's mining chamber, adding to the obstacles affecting the sector such as previous administrative decisions and possible legal reforms. Newmont, a global leader in gold mining, runs the big Penasquito open-pit cash cow in Mexico which produces...

Heidelberg Materials has actually struck an offer to buy U.S. business Giant Cement Holding and its subsidiaries for $600 million, it said on Thursday, the current acquisition by the German company to expand its grip in the United States. The deal, to be finished in the first quarter of 2025, is expected to contribute around $60 million in incomes before interest, taxes, devaluation and amortisation (EBITDA). in the first year of operation, before significant additional. synergies, Heidelberg stated in a declaration. The acquisition ... will even more enhance our cement. footprint in the growing Southeastern U.S. and New England. markets,...

Nissan Motor said on Thursday its international production fell for a fifth straight month in October, led by downshifts at most of its production centers except for Mexico. While worldwide sales also dropped for a seventh month, sales in Nissan's core market, the United States, grew for the first time in 3 months. Nissan earlier this month announced strategies to axe 9,000 jobs and 20% of its manufacturing capability internationally to cut costs, after the third-biggest Japanese carmaker behind Toyota and Honda suffered sales slumps in China and the U.S. . The risk of U.S. tariffs is now clouding the...

Chile's staterun copper business Codelco registered its finest production of the year in October, Chairman Maximo Pacheco said on Thursday. The world's leading copper miner has actually been struggling to lift output after hitting historical lows in the last 2 years. Recently, the company reported its production through September had actually fallen 4.9% compared to the exact same period a year earlier. Pacheco did not information how much production totaled up to in October, however stated it surpassed the exact same month in 2015. October was the best month in the year so far, he said in a statement. We...

Reserve banks stay eager purchasers of gold to diversify their reserves for financial or strategic factors, agents of 3 central banks told the London Bullion Market Association's annual conference in Miami on Monday. Raised need for gold from reserve banks underpinned the rate of the non-yielding gold when the worldwide interest rates were high in 2022-2023 and after that decreased with this year's 28%. spot gold price rally. China's reserve bank kept back on buying. gold for a 5th straight month in September. In spite of the gold rally, representatives of reserve banks of. the Czech Republic, Mongolia and Mexico...

Canadian miner First Quantum Minerals expects upgraded drilling results for its Peru copper task La Granja in the 2nd half of next year, and expediency studies by 2028, project development supervisor Steven Lewis stated on Thursday. The drilling is advancing well, it's at 35%, and we expect to have the lead to the 2nd half of next year, Lewis stated on the sidelines of a mining market conference. About the feasibility studies slated for completion by 2028, he said: We're working to satisfy this due date. First Quantum last year bought a 55% stake in the job, which is co-owned...

A committee in Mexico's. lower home of Congress approved two constitutional reforms that. would prohibit openpit mining and fracking, along with restrict. using genetically customized corn. The propositions, handed down Wednesday, will be taken up for. discussion by the full lower home after lawmakers return to. session in September. The modifications would also avoid the exploitation of water in. areas with water scarcity, with the exception of extraction in. inhabited areas for domestic use, according to a statement. launched Wednesday night. The modifications are part of a bundle of constitutional reforms. provided in February by President Andres Manuel Lopez Obrador,....

Ismael El Mayo Zambada, the infamous alleged cofounder of the Sinaloa Cartel, appeared in an El Paso, Texas courtroom in a wheelchair on Thursday after pleading innocent last week to drug trafficking charges following his dramatic arrest. Zambada wore a navy sweatshirt that read carpe diem ( take the day) above a picture of a soccer ball to his very first status conference before U.S. District Judge Kathleen Cardone. At the 10-minute hearing, Cardone informed lawyers she had designated the case as complex - which extends the timeline for trial - and set the next status conference for Sept. 9....

Peru's economic development this year must surpass the 3.1% rate formerly estimated, President Dina Boluarte said in a speech on Sunday, another sign of enhancement as the nation recuperates from an economic crisis last year. Peru's central bank in June projection gdp development at 3.1% for this year, after the economy contracted 0.6%. in 2023. This strong efficiency reflects the durability of the. Peruvian economy. We committed to recovering our growth capacity. and we are on that path, Boluarte said in a speech to Congress. For years among South America's leading performers, Peru's. economy struggled last year in the aftermath...