Mexico‘s Federal Economic Competition Commission (Cofece) imposed fines totaling 35 million 075,000 pesos on Barclays Bank, Deutsche Bank, Santander, Banamex, Bank of America, BBVA Bancomer, J.P. Morgan and 11 individuals (traders). Cofece is the authority in charge of applying the Federal Law on Economic Competition in all sectors,
The peso starts the session with little change compared to Friday’s close, showing a depreciation of 0.07% or 1.4 cents and trading around 19.99 pesos per dollar. In the foreign exchange market, currencies show a mixed performance and caution prevails among market participants, as there is still uncertainty
In terms of individual nations, China was the largest recipient of Foreign Direct Investment (FDI) in the world, the United Nations Conference on Trade and Development (UNCTAD) reported. Flows to the Asian giant increased by 4%, to $ 163 billion. High-tech industries saw an 11% increase in 2020,
The Comprehensive and Progressive Treaty of Trans-Pacific Partnership (CPTPP) will provide investor-State protection between Mexico and Canada, a mechanism that in those terms was excluded from the Treaty between Mexico, the United States and Canada (USMCA). The T-MEC eliminated Investor-State Dispute Resolution (ISDS) for Canada, following the termination
Only 20% of Mexico‘s territory is prospective to search for oil and other hydrocarbons, estimated the president of the Mexican Geological Society, Adán Oviedo. Currently an average of 1 million 634,000 barrels per day of oil is produced, of which 71% are concentrated in 15 oil fields. Oviedo
Grupo Aeroportuario del Centro Norte (OMA) reported this Wednesday that the number of total passengers (terminal passengers) transported in its 13 airports during the month of December 2020 decreased 41.5% compared to what was registered in the same period of 2019. National passenger traffic decreased 39.3% and international