Carolina Millán

Carney Is Patching Up Ties With Mexico in Face of Trump Threats Canada is working to reset its ties with Mexico as Donald Trump threatens his neighbors with punishing US tariffs ahead of a planned review of the North American free-trade pact.

Canada is working to reset its ties with Mexico as Donald Trump threatens his neighbors with punishing US tariffs ahead of a planned review of the North American free-trade pact www.bloomberg.com/news/article...

Alberta Bolsters Canada-Mexico Energy Ties as Trump Upends Trade The leader of Canada’s main oil-producing province visited Mexico in a bid to help reset relations with Latin America’s second-largest economy, with a particular eye to promoting energy projects.

The leader of Canada’s main oil-producing province visited Mexico in a bid to help reset relations with Latin America’s second-largest economy, with a particular eye to promoting energy projects www.bloomberg.com/news/article...

Mexico Fintech Stori Eyes IPO by 2027 With Trend Toward Profits Mexican fintech Stori is betting that it can be ready for an initial public offering in 24 months after reaching sustainable profitability this year, Chief Executive Officer Bin Chen said.

💰Mexican fintech Stori is betting that it can be ready for an initial public offering in 24 months after reaching sustainable profitability this year, Chief Executive Officer Bin Chen said.

with 🎁link
www.bloomberg.com/news/article...

Trump Gives Mexico 90-Day Reprieve From Higher Tariffs President Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, again relenting after threatening to raise levies on a major trading partner.

🇲🇽🇺🇸 President Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, again relenting after threatening to raise levies on a major trading partner

🎁link

www.bloomberg.com/news/article...

Murder on Rainbow Mountain Big Take · Episode

And for those pressed for time, the Big Take podcast covers all the essentials of the story: open.spotify.com/episode/6Wv6...

The Bad Bunny Bump: Star’s Residency Boosts Puerto Rican Economy Fans are booking flights and hotel rooms to catch the star’s 30-show summer stay in his island home.

Bad Bunny's residency on his home island is going to pump about $181 million into the Puerto Rican economy, @jimwyss.bsky.social @itskelseybutler.bsky.social report. Gift link: www.bloomberg.com/news/article...

Death in Peru’s TikTok Hotspot Rainbow Mountain offers tourists a picture-perfect view that has flooded social media feeds. But behind this viral beauty spot is the story of a community at war, cries for help ignored and a killing....

The reporting on the tragedy at Rainbow Mountain is also available in documentary format
www.bloomberg.com/news/videos/...

The Viral Colors of the Andes Doomed Rainbow Mountain Busloads of tourists chased viral shots against the colorful peak of Peru’s Rainbow Mountain. A battle for control of the newfound riches ended in a brutal killing.

🏔️Incredible reporting from @bloomberg.com about how a rapid rise in tourism in Rainbow Mountain near Cuzco unraveled a community and even led to a death.
Read it with 🎁 link here

shorturl.at/6Q53E

Mexico Is in Talks to Avoid Trump’s Latest Tariff Threat Mexico is projecting confidence that it will fend off a new set of 30% tariffs that President Donald Trump has threatened to impose on the Latin American country starting on Aug. 1.

Mexico is projecting confidence that it will fend off a new set of 30% tariffs that President Donald Trump has threatened to impose on the Latin American country starting on Aug. 1

with 🎁 link
www.bloomberg.com/news/article...

Barry, however, is expected to make landfall within the next day along Mexico’s Gulf coast, bringing heavy rainfall across the states of Veracruz, San Luis Potosi and Tamaulipas through Monday, with the potential for life-threatening floods.

While Flossie is forecast to be the stronger of the two systems, it will likely remain over open waters, posing little threat to land. It is still expected to bring heavy precipitation to parts of the states of Oaxaca, Guerrero and Michoacan.

Twin Tropical Storms Threaten Mexico From Atlantic and Pacific Tropical storms have spun up on both sides of Mexico, with the most serious threat coming from flooding rains along the country’s eastern coastline facing the Bay of Campeche, the US National Hurrican...

🌪️Tropical storms Flossie and Barry have spun up on both sides of Mexico, with the most serious threat coming from flooding rains along the eastern coastline facing the Bay of Campeche, the US National Hurricane Center said
www.bloomberg.com/news/article...

So what's next? President Claudia Sheinbaum has responded defiantly to the US measures, arguing she’s seen no evidence to support the designations

The US orders take effect 21 days following publication in the Federal Register.

We'll be following the story closely in days to come.

Two Mexican REITs said they planned to remove CIBanco as a trustee following the accusations. Fibra Inn said a technical committee on Thursday decided to replace the bank while Terrafina also said it intends to remove the firm from that role.

Citi, BNY Step Back From CIBanco, Intercam on US Drug Claims Citigroup Inc. and Bank of New York Mellon Corp. are starting to pause dealings with Mexican financial firms that are disputing US claims they facilitated money laundering for drug traffickers.

The ripple effects continue: Citigroup and BNY Mellon are starting to pause dealings with CIBanco and Intercam following the orders tied to alleged fentanyl money flows.
www.bloomberg.com/news/article...

Mexico Steps In to Run Banks Tarred by US Drug Accusations Mexico’s bank regulator stepped in to temporarily run three financial firms on Thursday, an extraordinary measure aimed at protecting customers following money-laundering accusations by US authorities...

After the accusations, Mexico regulators quickly took control of the firms, stepping in as temporary administrators to stabilize operations

While the firms are small, they're well-known for foreign exchange operations and overseas branches www.bloomberg.com/news/article...

The US Treasury accused three Mexican financial firms—CIBanco, Vector and Intercam—of helping move money tied to fentanyl trafficking All three firms deny the allegations and say they’re cooperating with authorities.

US Accuses Three Mexican Financial Firms of Aiding Fentanyl Trafficking The US government identified three Mexican financial firms for potentially laundering proceeds from illicit drug trafficking, effectively choking them off from the US financial system as it seeks to c...

It's been quite a week for Mexico's banking (and business) sector. A quick recap of reporting this week (all with 🎁links!) 🧵
www.bloomberg.com/news/article...

Mexico Joins Rush of Borrowers Tapping Global Debt Markets Mexico tapped the global bond market for the third time this year, adding to a rush in debt markets from government and corporate borrowers on Monday.

Mexico tapped the global bond market for the third time this year, raising $4.5 billion and adding to a rush in debt markets from government and corporate borrowers on Monday.

www.bloomberg.com/news/article...

Mexico City Mayor’s Aides Shot Dead by Attackers on Motorbikes Two close aides of Mexico City Mayor Clara Brugada were shot dead by assailants on a motorbike, President Claudia Sheinbaum said on Tuesday, in the latest politically tinged killings to rock the count...

Two close aides of Mexico City's mayor are shot dead by assailants on a motorbike in the latest politically tinged killings to rock the country, @cmillanr.bsky.social @andreanavarror.bsky.social report www.bloomberg.com/news/article...

Remittance Tax Plan Poses Threat to US Allies in Central America A Republican proposal to tax remittances would deliver an economic blow to some of the US’s poorest neighbors, including a close ally of President Donald Trump.

A Republican proposal to tax remittances would deliver an economic blow to some of the US’s poorest neighbors, including a close ally of President Donald Trump

with 🎁 link
shorturl.at/WgCGe

Live: Canadian Election Results Canada Election Live Results & News From 2025 Prime Minister Race

🗳️Bloomberg's team across Canada is blogging the night away

Follow their updates on the blog below -- and team, including @decloet.bsky.social @ldhillonkane.bsky.social @twseal.bsky.social @brianplatt.bsky.social @erikhertzberg.bsky.social @mathieudion.bsky.social
www.bloomberg.com/news/live-bl...

Mexico Is Cracking Down on ‘Made in China’ Quinceañera Dresses The country is increasingly swamped by cheap textiles and local producers are struggling to compete.

Your Saturday trade read:

Cheap Chinese textiles are crashing the party for local businesses in the Mexican quinceañera dress industry

"In a good day, I used to sell 25 dresses. Now, that’s what I sell in a good month," a business owner said. Read for more:

www.bloomberg.com/news/feature...

Mexico Aims to Raise Auto Tariff Exemptions, Trade Official Says Mexico wants a greater proportion of each auto built in the country to qualify for US origin status, a move that would lower the impact of President Donald Trump’s tariff policies, Deputy Economy Mini...

Or read highlights here! Including that the govt is looking more exceptions for the auto sector, and doesn't see a goal of "zero tariffs," but rather of having the lowest possible ones

www.bloomberg.com/news/article...

YouTube video by Bloomberg en Español Luis Rosendo Gutiérrez - Bloomberg Insights and Innovation Summit en Ciudad de México.

For North America trade watchers who understand spoken Spanish -- we held an onstage interview with Mexico's Deputy Minister for Trade Luis Rosendo Gutierrez last week. You can watch it in its entirety here:

www.youtube.com/watch?v=qPUQ...

Narco-Themed Music Under Scrutiny in Mexico During Trump Crackdown Song lyrics praising drug traffickers are under scrutiny in Mexico, where government officials are seeking to convince Donald Trump’s administration that they are partners in a battle against the coun...

Song lyrics praising drug traffickers are under scrutiny in Mexico, where government officials are seeking to convince Donald Trump’s administration that they are partners in a battle against the country’s criminal groups.

www.bloomberg.com/news/article...

Kavak Valuation Slashed by $6.5 Billion After $127 Million Raise The valuation for Latin America’s most valuable startup was cut, by $6.5 billion, to $2.2 billion in its most recent funding round.

The valuation for Latin America’s most valuable startup, Kavak, was cut by $6.5 billion to $2.2 billion in its most recent funding round, equivalent to $127 million in equity

www.bloomberg.com/news/article...

The government is aiming for a deadline of under six weeks to achieve reduced tariffs on autos, steel and aluminum, to coincide with another 25% tariff on auto parts that is scheduled to start on May 3, Gutierrez explained

Mexico Trade Negotiator Says USMCA Discussions May Be Sped Up Discussions over the future of the North American free trade pact could be pushed earlier than originally planned, said one of Mexico’s top trade negotiators.

Discussions over the future of the North American free trade pact known as USMCA could be pushed earlier than originally planned, one of Mexico’s top trade negotiators told @bloomberg.com in an interview

Story with 🎁 link
www.bloomberg.com/news/article...

Live: Trump’s Global Tariff Rollout Trump Tariffs Live News: Market Reacts to Reciprocal Duties, Liberation Day

Journalists across Bloomberg News are blogging Trump's tariff announcement, follow here 👇

www.bloomberg.com/news/live-bl...