News of mexico

Ualá reaches US$2.75-billion valuation in new funding

11-11-2024 13:39 Fintech firm Ualá has raised US$300 million from investors at a valuation of US$2.75 billion, underlining its position as one of the most valuable start-ups in Latin America.

FINANCE & BUSINESS

Nubank is taking new look at Argentina under Milei, CEO says

23-10-2024 12:13 Nubank “will watch” Argentina over the next 12 months, and is “taking a new look” at the country under President Javier Milei, says Chief Executive Officer David Vélez.

BLOOMBERG - ANALYSIS

Leftist leaders are failing their promises across Latin America

21-10-2024 14:20 The changing political landscape in Latin America, highlights the decline of leftist governments due to economic challenges, crime, and social reform failures, and the rise of more business-friendly, right-leaning administrations.

NEW GOVERNMENT IN MEXICO

Claudia Sheinbaum takes office as Mexico's first woman president

01-10-2024 21:55 Claudia Sheinbaum was sworn in Tuesday as Mexico's first female president, replacing her popular predecessor and close ally Andrés Manuel López Obrador as head of state in the world's most populous Spanish-speaking nation.

FOREIGN POLICY & DIPLOMACY

López Obrador rules out meeting with Milei during Mexico visit

14-08-2024 14:38 Argentina's President Javier Milei set to visit Mexican capital to attend a conservative forum – but he won't be meeting his counterpart Andrés Manuel López Obrador.

LATIN AMERICA

Sheinbaum's Mexico election win bolsters Latin American left

06-06-2024 11:31 Claudia Sheinbaum's victory means that both Brazil and Mexico – Latin America's two biggest nations in terms of population and economic output – remain firmly on the left side of the political spectrum.

mexico election 2024

Sheinbaum victory: a win for Mexican women?

03-06-2024 13:30 Some in Mexico fear the historic change at the very top will be little more than symbolic when it comes to women's advancement.

mexico election 2024

Claudia Sheinbaum makes history as Mexico's first woman president

03-06-2024 13:15 Claudia Sheinbaum has been elected Mexico's first woman president by a landslide, with preliminary results giving her between 58-60% of total ballots cast.

mexico election 2024

Milei silent as Alberto, Cristina congratulate Mexico’s next president

03-06-2024 12:40 At the time of writing, Argentina’s current President Javier Milei had yet to offer his congratulations to the new president-elect in Mexico.

Mexico election 2024

Mexico expected to elect first woman president in historic election

29-05-2024 06:15 Mexico poised to shatter highest political ceiling, with ruling-party candidate Claudia Sheinbaum and opposition hopeful Xochitl Galvez leading race to become country's first female president.

MEXICO ELECTION 2024

Claudia Sheinbaum: 'Ice Lady' scientist breaking barriers in Mexico

29-05-2024 05:20 Dubbed the "Ice Lady" by her rivals, Claudia Sheinbaum – a cool-headed scientist with a PhD in energy engineering – is the favourite to become Mexico's first woman president.

MEXICO ELECTION 2024

Xóchitl Gálvez: From sweet seller to Mexican presidential contender

28-05-2024 08:06 Overcoming adversity and pursuing presidential dreams – a look at Xóchitl Gálvez's political rise in Mexico.

CHINA-LATIN AMERICA

China’s US$8.5 billion in steel spurs Latin America toward tariffs

21-05-2024 14:48 One after another, Latin American nations are following in the footsteps of the United States and Europe by imposing prohibitive tariffs on Chinese imports — a strain in what’s been an otherwise cozy relationship.

BUSINESS & INVESTMENT

MercadoLibre weathers Argentina tumult with Mexico, Brazil gains

02-05-2024 20:21 MercadoLibre saw its profit surge in the first quarter, with strong growth in Brazil and Mexico helping offset the hit from Argentina’s currency devaluation.

DIPLOMATIC ROW

Ecuador in diplomatic storm after raid at Mexican Embassy

07-04-2024 09:14 Ecuador slammed by Latin American peers after police storm the Mexican Embassy in Quito to arrest former vice-president Jorge Glas.

MARKETS

Latin America’s quasi-sovereign companies attract bond investors

19-02-2024 14:09 State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.

ROAD TRAFFIC ACCIDENT

Five Argentine tourists killed in Mexico road crash

19-02-2024 11:37 Five Argentine tourists and a Mexican citizen died in the tourist state of Quintana Roo in southeastern Mexico Sunday in a road-traffic accident.

INFLATION WOES

Latin America’s inflation progress tempered by soaring food price pressures

08-02-2024 14:28 Consumer price readings underscore challenges facing Latin American policymakers as they calibrate future interest rate cuts. Most of the region’s major inflation-targeting central banks have already begun reducing borrowing costs

2024: YEAR IN PREVIEW

Five elections in 2024 that will shape the global order

30-12-2023 10:19 With half the world heading to the polls in 2024, and some 30 countries electing a president, here are five key elections to watch in the coming year.

ECONOMIC INDICATORS

Latin America’s biggest economies see unemployment tick down

30-11-2023 13:42 Unemployment rates in Brazil and Mexico fell in October, as strong labour markets underpin the outperformance of Latin America’s largest economies.

Society

Argentina is the world's most pet-rich country

24-09-2023 16:25 According to various surveys carried out to date, the vast majority of Argentines have at least one pet in their homes.

by Dante Gabriel Bogani Sandez

ECONOMIC INDICATORS

CELAC sees Latin American growth of 1.7%, but forecasts 3% slump for Argentina

05-09-2023 15:13 Argentina's economy forecast to contract by 3% this year, according to Economic Commission for Latin America and the Caribbean (ECLAC/CELAC).

Messi & the MLS

Miami move 'opposite' of PSG switch, says happy Messi

17-08-2023 19:04 Speaking to local media for the first time since arriving in Miami, a smiling and relaxed Lionel Messi talked positively of his life in South Florida and contrasted it with his time with Paris St Germain.

FOOTBALL

Messi on target as he leads Inter Miami into Leagues Cup final

16-08-2023 11:11 Lionel Messi has been an Inter Miami player for just 32 days, but he's already lead the MLS side into a final.

latin america

Deep ocean targeted for mining is rich in unknown life

24-07-2023 18:31 The Clarion-Clipperton Zone in the Pacific Ocean, a potential site for deep-sea mining, is found to be home to thousands of unknown and complex species, raising concerns about the potential ecological impact of mining activities.

MUSIC

Argentine urban music conquers the world – Duki, Nicki Nicole, Bizarrap lead way

21-07-2023 15:31 Wave of Argentine musicians including Bizarrap, Duki, Emilia Mernes, Nicki Nicole and Wos are selling out shows and shining in the northern hemisphere.

EU-MERCOSUR TRADE DEAL

Lula tells EU chief Brazil has 'concerns' over Mercosur trade deal

12-06-2023 19:06 Brazil President Lula says he has "concerns" over the European Union's efforts to add new environmental protections to a trade deal with South American bloc Mercosur.

CRIME & SECURITY

Argentine tourist dies after Mexico machete attack

16-05-2023 12:10 Young Argentine tourist who was attacked by a man with a machete in southern Mexico dies of injuries sustained in brutal attack.

BLOOMBERG - OPINION

Eduardo Porter: LatAm’s new lithium bounty unearths old problem

08-05-2023 11:31 From Mexico to Chile, governments still haven’t cracked the code on how to leverage natural resources into sustained, broad-based prosperity.

ECONOMIC INDICATORS

Latin America’s two biggest economies surprise with stronger growth

30-04-2023 08:04 Brazil and Mexico surprise investors with stronger-than-expected growth, indicating Latin America’s largest economies are holding up amid high interest rates and fast inflation.

PRICE HIKES

Left-wing LatAm governments agree joint inflation plan

06-04-2023 16:01 New ‘Alianza de Países de América Latina y el Caribe contra la Inflación’ scheme will see 11 leftist nations adopt common strategies to tackle price hikes.

Football

MLS not Argentina, Mexico challenging Brazil's Americas domination

31-03-2023 11:53 Major League Soccer challenges Brazil’s football hegemony by competing for the young Latin American pearls that would otherwise head to Brazil en route to Europe.

RIGHT UNITES IN FORUM

LatAm, Euro leaders form group to tackle ‘populist left’

18-03-2023 09:33 Mauricio Macri among leaders who sign up to new political forum designed to regional coordination and take on the “populist” left; Grupo Libertad y Democracia founded by former Chilean president Sebastián Piñera.

Renewable Energy

Latin America to become renewable energy giant

11-03-2023 17:36 Report found that with upcoming large-scale clean-electricity projects in the next seven years Latin America is poised to become a major renewable energy producer.

FOREIGN POLICY & DIPLOMACY

Argentina, Brazil, Chile, Mexico 'deeply concerned' by new Israeli West Bank plan

17-02-2023 16:58 Argentina, Brazil, Chile and Mexico express "deep concern" over Israeli government's decision to legalise new settlements in the West Bank.

BLOOMBERG

Billionaire-backed Ualá launches ‘star product’ in Mexico

14-02-2023 14:35 Argentina’s Ualá, the fintech company backed by George Soros, Steve Cohen and Tencent Holdings, will begin offering credit cards in Mexico through its alliance with ABC Capital.