Tag: Mexico

Mining and transport conglomerate Grupo Mexico reported in a filing on Tuesday a 19% rise in its net profit in the third quarter on a year-over-year basis. This comes as the company achieved significantly stronger sales in its transport unit. Net profit for the company...

Brazil and Mexico surprised investors by publishing higher economic growth than was expected this week. This comes as the countries' economies continue to exhibit signs of strengthening despite being faced with steep interest rates and resilient inflation. Brazil's economy grew by 3.3% in February, thereby...

Mexico's central bank governor Victoria Rodriguez Ceja is still considering whether or not to implement an interest rate hike that is lower than last month's 50 basis point hike. The governor, who was attending the country’s annual banking convention, stated that "Banxico" will consider...

Omar Meija, the newly-appointed deputy governor of the Bank of Mexico, stated on Wednesday that the central bank could decide to slow down the rate of its interest rate increase. He claimed that one such action could enable the Mexican economy to grow this...

Rodrigo Mariscal, chief economist and head of the economic planning unit of Mexico's finance ministry, has stated that his nation's economic forecast for 2023 is looking better than what many economists had predicted. Currently, the forecast falls in line with the 3% growth that...

Mexico's economy grew by a margin of 0.1% from July through September, marking the Latin American nation's fourth consecutive quarter of positive economic growth. This growth beat analysts' estimates of 0.7% growth while also exceeding the 0.9% rise achieved during the second financial quarter. According...