Last updateFri, 19 Jul 2024 12pm


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UK’s Diagio expands in Jalisco

UK spirits giant Diageo will invest $US500 million to expand its tequila production center located in the Jalisco municipality of Atotonilco El Alto and build one new distillery in La Barca, generating more than 1,000 direct jobs for Jalisco, company executives and Governor Enrique Alfaro announced at a press conference.

The British Council marks a milestone

It’s been 75 years since the arrival in Mexico of the British Council, a quasi-autonomous non-governmental organization that promotes a wider knowledge of the United Kingdom and the English language, while encouraging cultural, scientific, technological and educational understanding and co-operation.

Inflation soars to 6.77 percent in 2018

Data released this week by the National Statistics Agency (Inegi) showed the consumer price index to have risen by 0.59 percent in December, leaving inflation for 2017 at 6.77 percent – the highest level since 2000, when the rate was 8.96 percent.

Business Briefs - July 8, 2017

$ doesn’t follow degree

In Mexico, monthly pay for a postgraduate degree employee fell by 10,000 pesos between 2005 and 2016, according to a study by the Salary Observatory of the University Iberoamericano Puebla.

Investors go crazy for Cuervo

The initial public offering for tequila producer Jose Cuervo on the Mexican Stock Exchange this week was at least four times oversubscribed, according to reports in several business journals.

Bloomberg reported that Jose Cuervo sold about US$790 million of shares in Mexico’s biggest equity offering in more than three years. Industry insiders say Cuervo is looking to transform itself into a global spirits company. Almost two-thirds of the distiller’s output is exported to the United States.

The IPO had been delayed from last year due to the U.S. presidential election. 

US brokerage firms close accounts for US expats

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.