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...The Mexican currency has surpassed its Latin American peers, even after it cut rates last week as inflation has moderated well below its peak....
...Mexican President Andrés Manuel López Obrador has vowed to “rescue” Pemex, and has given it more than 1.3tn pesos since taking office....
...The government is now trying to get his companies to pay what it says is some 63bn pesos ($3.8bn) in unpaid taxes....
...The flood of remittances has helped make the Mexican peso one of the developing world’s strongest currencies in recent years, generating handsome returns for those who parked their money in pesos and reaped...
...The IPC index fell as much as 4.4 per cent before moderating to a 3 per cent loss in afternoon trade, while the peso lost 1.8 per cent against the dollar....
...“No study has been presented that justifies spending so much money,” said Jesús Carrillo, head of sustainable economics at Mexican think-tank IMCO....
..., only just a little over 200,000 Mexican-born people living there....
...He said Mexican government contracts were a small part of his business....
...The price of agave has dropped from highs of 31 pesos ($1.83) per kilo six months ago to as low as 10-15 pesos a kilo now, according to industry experts....
...In July, the peso hit its highest level against the dollar since 2015 but analysts credit this to tempting opportunities in Mexico’s money markets, rather than to racy fundamentals: Mexican interest rates...
...For its new airline, the government spent 816mn pesos to buy the brand Mexicana, an airline that went bust in 2010....
...One US dollar bought 18.92 pesos on Friday afternoon, leaving the Mexican currency 1.2 per cent weaker on the day and 2.4 per cent softer over the past week....
...“Us Mexicans work a lot,” Juan Contreras, a 48-year-old parking attendant who works 60 hours a week said....
...($1,829) Handmade in three Mexican marble varieties. difane.com.mx Rainbow bench and stool by Lilia Cruz Corona Garduño, €15,000 This playful set is part of the Happiness series. 1stdibs.com FuegoZen...
...Grupo Bimbo is Mexican. It operates in 34 countries and boasts that it “creates experiences all over the world”....
...Agave production, concentrated in the Mexican state of Jalisco, is singularly inflexible. Plants take seven years to mature. Harvesting the fat central stem kills them off....
...Mexico had spent some 50bn pesos on the project, Buenrostro said, including on upgrading the railway, buying land for industrial parks and acquiring machinery and new rolling stock....
...Currencies such as the Brazilian real, the Mexican and Colombian pesos, and the Polish zloty have all appreciated strongly against the dollar....
...For all of López Obrador’s transformative urges, many Mexicans see the process as redolent of an old tradition....
...“We would expect the Mexican peso and Brazilian real to be higher by the end of the year,” he said....
...“There’s still a lot of issues that need to be resolved,” he said, pointing to the company’s negative free cash flow, a large capital expenditure budget and large tax payments to the Mexican government....
...William Langley Can the Mexican peso continue its run?...
...Meanwhile, Mexico’s peso has strengthened 15 per cent against the US dollar this year, the second biggest gain of any emerging market’s currency....
...Mexican president Andrés Manuel López Obrador’s fiscal austerity has also helped prop up the peso....
...Gabriel Kuri’s receipt from a Mexican convenience store (15 pesos for Cheetos, three for guayaba) has the immediacy of an everyday relic....
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