Magna International posted sales of $ 12.959 million in the first half of 2020, a decrease of 37.5% year-on-year. Consumer confidence, which is a significant driver of new vehicle sales, deteriorated significantly in the second quarter of 2020 as a result of the Covid-19 pandemic. Overall, global consumer
Rodrigo de la Riva was appointed the new head of the General Directorate of Ports of Mexico. As reported by the Ministry of Communications and Transportation (SCT), Rodrigo de la Riva has 27 years in the local and federal public administration, with experience in legal and comptroller matters,
Rocío Bárcena Molina was appointed as the new general director of Port Development and Administration of Mexico. Mexico’s port system has 24 Integrated Port Authorities, known as API (Comprehensive Port Administration), which cover more than 40 cargo and passenger ports on the Pacific, Atlantic and Gulf coasts of
The peso closed the week with a depreciation of 0.48% or 10.75 cents, trading around 22.38 pesos per dollar, losing ground along with the main currencies of emerging economies, including all currencies of Latin American economies. The performance of the exchange rate was marked by a strong depreciation
Canada will retaliate against imports originating in the United States for $ 2.7 billion in response to the reinstatement of 10% tariffs on Canadian aluminum purchases. This case comes after the president, Donald Trump, had previously imposed tariffs on US purchases of steel and aluminum against several countries,
A large part of the ports in Latin America have registered a marked reduction due to the outbreak of the Covid-19 pandemic. Data from the Economic Commission for Latin America and the Caribbean (ECLAC) show the interannual variation in container port activity between January and May 2020 in