Elektra’s stock rebounds amid fraud allegations and privatization plans
In the high-stakes world of Mexican finance, few stories rival the drama unfolding at Elektra. Shares of the retail and financial giant skyrocketed nearly 20% [more…]
Category: Mexico
Diageo’s stock spirals as Latin American sales take a hit
In a dramatic twist worthy of a soap opera, London-based spirits giant Diageo watched its shares take an 8% nosedive in early trading. The culprit? [more…]
Uber acquires Foodpanda Taiwan for $950 million, strengthening its Asian market hold
In a move to solidify its dominance in the Asian market, Uber Technologies is acquiring Delivery Hero’s Foodpanda business in Taiwan for a whopping US$950 [more…]
Mexico surpasses China as top source of U.S. imports for first time in over two decades
The winds of trade are shifting, as Mexico emerges as the United States’ leading source of imported goods, surpassing China for the first time in [more…]
Mexican exports are on a steady rise, with the automotive industry taking the lead
Strong annual growth in Mexico’s total exports this year has been driven by a substantial double-digit surge in auto sector exports. According to preliminary data [more…]
