Updated on 12/17/2021 01:48 am Mexican billionaire Ricardo Salinas will begin accepting bitcoin as payment at his Elektra stores, he announced Thursday in a tweet. The move comes even as the central bank has repeatedly said that cryptocurrencies are not considered legal tender in the country and cannot be used to buy or sell goods. […]
Tag: Mexico
US sanctions drug trafficking networks in Brazil, Mexico and China
The US government imposed sanctions on Wednesday against international drug trafficking networks in Brazil, Mexico and China at the same time that it announced the creation of a Council on Transnational Organized Crime with which it seeks to more agilely pursue this type of activity. Among the new sanctions, released through separate statements from the […]
BlackRock: Mexico must relax ‘big load’ that hangs the market
Mexico It needs to renew its financial regulations and boost the necessary incentives to reactivate the practically dead market for initial public offerings, according to one of the country’s largest investors. Sergio Méndez, who serves as CEO of BlackRock Mexico said in an interview that it urged regulators to take measures that facilitate IPOs, such […]
Amazon Web Services would seek to open data center in Mexico
Updated 12/12/2021 04:25 am The cloud services division of Amazon.com Inc. is reaching an agreement to open a new data center in the central Mexican state of Querétaro, according to two people familiar with the matter. The announcement is expected soon, although a date has not been set, said one of the people, who asked […]
Tax credit for electric cars in the US unites Canada and Mexico
The ambassador of Mexico in Canada said that his Government and that of Justin Trudeau have the same opinion on how to counteract the tax credits of the program “Buy American”Of the Biden Administration for electric vehicles, as the proposal heads to a vote in the United States Senate. While Mexico’s economy secretary has explicitly […]
Pemex plans to export less crude to meet local demand
Updated on 12/11/2021 04:11 am Petróleos Mexicanos is planning to reduce its oil exports next year while boosting national fuel production to supply an economy that is recovering from the pandemic. Pemex refineries in Mexico, which have been operating at less than 50% capacity for seven consecutive months, plan to process an additional 200,000 to […]
How is the “Remain in Mexico” renewed?
The government of the president Joe Biden reinstated a measure from his predecessor on Monday Donald Trump that forces asylum seekers to wait in Mexico for the date of their hearing in a United States immigration court, in an attempt to comply with a court order and after agreeing to changes and additions that the […]
Deer Park refinery would cost Pemex an additional US $ 1 billion
Petróleos Mexicanos could end up paying around US $ 1.6 billion for Royal Dutch Shell Plc’s Deer Park refinery, which would be more than double the price announced in May, despite the fact that its finances are in such bad shape that the government decided inject billions of dollars into the state oil producer. Pemex, […]
US puts investments in electric cars in Mexico at risk
Investments in Mexico are at risk from a US bill that offers tax credits for electric vehicles built with national labor, Economy Secretary Tatiana Clouthier said in an interview. At least two investments in electric vehicles could not be closed in Mexico and eight states could lose the expansions of automakers due to the legislation, […]
Mexico: López Obrador denies that his secretary committed a crime with irregular money
The president of Mexico, Andrés Manuel López Obrador, affirmed that the leaked images of his private secretary, Alejandro Esquer, depositing money in a bank correspond to a donation for earthquake victims and assured that the authorities decided that it was not a crime. “The court at the time ruled that there was no crime, but […]