During the week the peso depreciated 2.14% or 44 cents, closing at 21.30 pesos per dollar, with the exchange rate touching a minimum of 20.5524 and a maximum of 21.4181 pesos per dollar. The peso accumulates three consecutive weeks of significant losses against the dollar, accumulating a depreciation
Avon Products posted revenue of $ 1.846 billion in Latin America, a 27% drop year-on-year. From cosmetics, perfumes and toys to costume jewelry and household goods, Avon manufactures and markets beauty and related products. Above all, Avon’s revenues were impacted by certain indirect taxes recognized in Brazil. Excluding
Magna International decreased its sales in Mexico by 21.8% in 2020, to $ 3,359 million. Regarding the United States market, the company‘s sales totaled 8.210 million dollars, a decrease of 15.4% annually. The characteristics of the company are: It is a Canadian mobility technology company for car manufacturers.
The Federal Economic Competition Commission (Cofece) of Mexico gave a favorable decision to the concession granted to ALFA, Newpek and Temex for the transportation of natural gas. Newpek is a company that carries out activities in the energy industry, mainly in the oil and natural gas value chain.
Exports from Mexico to the United States grew 2.5% in January compared to the same month of the previous year, to 29.041 million dollars, not including services. The United States represents the main export market for Mexican merchandise, covering more than 80% as a destination. With the result,
The peso begins the session with a depreciation of 0.67% or 14.1 cents, trading around 21.26 pesos per dollar, with the exchange rate touching a minimum of 21.0874 and a maximum of 21.4181 units of weight per dollar, a level not seen since 4 November 2020. For a