The Guadalajara Reporter
Guadalajara's Largest English Newspaper
Many American citizens living abroad have recently been contacted by their U.S. brokerage firms to inform them that their accounts have either been frozen, such that they can no longer change their investments, or that they need to close their accounts entirely.
It may not be music to the ears of the U.S. president-elect, but Mexican exports rose to their highest level ever in November, fueled by the weak peso.
German carmaker BMW has laid the first stone of its new assembly plant San Luis Potosi.
With the peso continuing to bleed amid the fallout from the U.S. presidential election result, the Banco de Mexico, Mexico’s Central Bank, Thursday raised its base interest rate by half a point to 5.25 percent – the fourth rate hike this year.
According to Bloomberg News, the Mexican automobile boom is showing signs of slowing down, with production falling for the past four months.
Mexican bank Banamex this week rebranded itself as Citibanamex, reflecting the name of its major stakeholder, Citigroup.
Production of the Honda CR-V – the most popular SUV in the United States – is to be transferred from the Japanese automaker’s assembly plant outside Guadalajara to its facility in Greensburg, Indiana.
I cannot stress enough the importance of timely and correctly filing a Foreign Bank Account Report (FBAR) if you are required to.
Mexican Stock Market (BMV) opened at 45,281.94 a decrease of 909.53 points from Thursday, March 31, 2016.
