Big Mexican companies will trim 2017 investment on American concerns

Big Mexican companies will trim 2017 investment on American concerns

Mexico's leading companies are on the verge of reducing their investment in 2017 because of uncertainty as for the future of trade relations with the USA under the Trump administration,  as a leading business association informed on Thursday.

A group including the 50 biggest companies from various sectors of the Mexican economy, the Consejo Mexicano de Negocios told that it would inject up to $31.43 billion in 2017, a sag of 6.2% from the $33.5 billion announced for the previous year.

Donald Trump has already threatened to have the North American Free Trade Agreement dumped if he fails to renegotiate it in favor of the USA, thus casting a pall of doubt over the accord, underpinning much of Mexico's commerce.

The given uncertainty provoked volatility in the peso currency, making some traders cautious.

Rattled by concerns over Trump, Mexico’s currency reached a record minimum versus the greenback in January.

Similar

British mortgage approval rate goes down

In October, the overall number of mortgages approved by the British Banker’s Association went down to a 13-month minimum, as industry data disclosed on Friday…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later