Thursday, July 30, 2020

Business & Economy

Aeroméxico records a net loss of 27.4 billion pesos in Q2 2020

According to the quarterly report sent to the Mexican Stock Exchange, the airline recognized extraordinary items, which did not represent cash outflows, for 20 billion pesos. Aeroméxico registered on Tuesday a consolidated net loss of 27 thousand 422 million...

Grupo México operating cash flow falls 19.1% in 2Q20 due to pandemic

The conglomerate said this was due to a 12.6% reduction in the value of copper worldwide derived from less industrial activity caused by the health crisis. The conglomerate Grupo México reported on Tuesday that in the second quarter of 2020...

Pemex loses 44 billion pesos in Q2 2020

In the first three months of 2020, the losses for the state productive company were 562 billion pesos. Petróleos Mexicanos (Pemex) reported a loss of 44 thousand 300 million pesos on Tuesday during the second quarter of 2020. In the...

Fiat Chrysler restarts operations in Mexico

Fiat Chrysler Automobiles (FCA) Mexico restarted operations at its Mexico plants, but only at 40 percent of capacity to make it an orderly process. In response to El Financiero, the company said that on May 25, it started operating...

Fitch worsens economic forecast for Mexico; expects 7.4% contraction

The firm noted that the nation is one of the most affected by the coronavirus pandemic. The rating agency Fitch Ratings announced on Tuesday its estimate for the Mexican economy during 2020, where it expects a contraction of 7.4 percent...

Mexico’s foreign trade falls 41%

Mexican exports plummeted 41 percent annually in April, their biggest decline in 34 years, in the face of the impact of sanitary contingency measures due to COVID-19. In the fourth month of the year, the value of merchandise exports was...

Sectur: The country’s main airlines will not go bankrupt due to COVID-19

The head of the Ministry of Tourism, Miguel Torruco, assured this Tuesday that Viva Aerobus, Aeroméxico, Volaris, Interjet and Aeromar, the main airlines in the country, will not fail due to the health crisis that has caused the worst...

Cemex will build six mobile hospitals in 15 days for patients with COVID-19

Cemex will simultaneously build six mobile hospital modules in six cities in the country, in record time of 15 days to serve patients with COVID-19. In a statement released this Wednesday, Cemex reported that the medical units, whose regular construction...

Delayed June 1 manufacturing restart will hurt automakers

Specialists considered that this will further impact the regional economy and also the confidence that the industrial industry has in the country. The Mexican government's decision to restart transportation equipment manufacturing and auto parts manufacturing until June 1, instead of...

Only 3 out of 10 eligible small businesses applied for government assistance

The micro-business loan closes records with just over 180,000 beneficiaries within a few 'hours of life', as their records will be closed at midnight. Until May 15, the word solidarity credit program registered 180 thousand 193 approved applications, reported...

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67% of all COVID-19 deaths in Mexico had diabetes, hypertension or obesity: López-Gatell

The Undersecretary of Health presented graphs with which he explained the relationship of comorbidities with deaths from the virus, as well as the percentage...

Tourists kidnapped in Puerto Vallarta

According to the prosecution, the kidnappers intercepted the tourists from Guanajuato, fired their weapons, seriously injured the person who later died in a hospital,...

SFP fines Lomelí firms

Two pharmaceutical companies are sanctioned with more than one million pesos Lomelí. The sanctions were published in the Official Gazette of the Federation (DOF),...

Aeroméxico records a net loss of 27.4 billion pesos in Q2 2020

According to the quarterly report sent to the Mexican Stock Exchange, the airline recognized extraordinary items, which did not represent cash outflows, for 20...

Omar García Harfuch resumes his activities in CDMX after attack

As of Monday, the holder of the SSC-CDMX joined his activities full time. Omar García Harfuch, head of the Secretariat of Citizen Security of Mexico...

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