MexMoves

• 47. Binance’s Mexico Bet, Duncan Wood on USMCA Hearings, Bimbo at 80, and the 40-Hour Week Ahead

  MexMoves interviews Salvador Rivero, the new Country Head of Binance Mexico, who lays out what the world’s largest crypto exchange plans to do in the country. We also speak with US-Mexico policy expert Duncan Wood for his take on the USMCA hearings in Washington — what’s at stake and what 2026 US trade outcomes are realistic for Mexico. To kick off Eduardo and Damian as always dig into the main corporate and economic stories of the week. Grupo Bimbo turns 80 and opens its new museum in Mexico City, which leads us to a broader question: why has Mexico produced so few large new companies in recent decades? Many of today’s corporate giants trace their origins to the Porfiriato or the WWII industrial boom — and unlike in USA, Brazil, Argentina, not many newer firms have joined their ranks. Finally, we look at the 13% minimum-wage increase for 2026 and the government’s plan to cut the workweek from 48 to 40 hours by 2030. Great news for workers with formal jobs — but with informality already above 50%, critics warn that steep wage hikes and shorter hours could unintentionally curb formal hiring and push more firms into the gray economy.Try Whitepaper 30 days freeBuy your Whitepaper merch here

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• 46. Banco Azteca Opens Up; Treviño on Mexico’s Leadership Gaps; Protests Hit Highways; Fibra NEXT Follow-On

  Join us for a deep dive with Banco Azteca Chairman Alejandro Valenzuela on how Azteca really makes its money, why cash still refuses to die, and why a phygital model is the way forward for Mexican banks. Javier Treviño shares leadership lessons from his new book Silos, celos y círculos íntimos and what a more ethical, less “clubby” business culture in Mexico could look like. Eduardo and Damian break down the farmer and trucker highway blockades as corn prices, water rights and insecurity fuel nationwide protests; the details behind Fibra NEXT’s US$400m downsized follow-on; the US$100m wager on American football in Mexico under the NFL’s shadow; and the battle over credit and debit card related interchange-fees between the banks and authorities just as the government unveils the new financial inclusion strategy for 2025-2030.Try Whitepaper 30 days freeBuy your Whitepaper merch here

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• 45. AI for Mexico Logistics, Gold Mine Drama, Mexico Rises to #1 US Buyer, Esentia IPO, ASUR Buys Big

  Desteia’s Diego Solórzano explains how real, operator-focused AI tools can ease Mexico–U.S. logistics bottlenecks. Journalist Steve Fisher recounts the unlikely recovery of a gold mine in Sonora that many had written off, detailing the operational, financial, and human factors behind its revival. We discuss Mexico surpassing Canada as America’s top export market for the first time, driven by tighter USMCA rules of origin, China-related tariff pressure, and decades of integrated US/Mexico supply chains. We review Esentia Energy’s IPO, completed but priced below range as investors weighed its exposure to CFE and the shadow of Aeroméxico’s post-IPO weakness. We also cover ASUR’s acquisition of 20 airports across Brazil, Costa Rica, Ecuador and Curaçao; Tiendas 3B’s standout quarterly results; and rumors Grupo Salinas is selling Mazatlán FC, potentially opening the door for Atlante’s return to Liga MX.’

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• 44. Plata’s CEO on 2M+ users and a $3B valuation; CDMX and U.S. sports teams; Esentia’s gas-pipeline IPO; and what Kimberly-Clark’s Kenvue deal means for Mexico.

  We talk with Neri Tollardo, Plata’s co-founder and CEO, to understand how the fintech rocketed from zero to more than two million users and a $3 billion valuation in just over two years. We also explore the pros and cons of Mexico City as a potential home for U.S. sports teams, the stakes behind Esentia’s planned gas-pipeline IPO as Mexico and the U.S. both benefit from the decade-long boom of gas imports Texas to Mexico, and how Kimberly-Clark’s acquisition of Kenvue (Tylenol, Listerine, etc.) could affect its separately listed and managed Mexican business.Try Whitepaper 30 days freeBuy your Whitepaper merch here

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• 43.KIO on Mexico’s data-center opportunities; Natixis on local asset-management plans; GAP-CBX merger; ASUR bid for South American airports; Aeromexico prices IPO

  Octavio Camarena, CEO of KIO, Mexico’s leading local data-center company, talks to us about the company’s ambitious expansion plans, power bottlenecks, and why a successful data-center build-out is relevant to Mexico’s AI competitiveness. Then French-owned Natixis explain their local asset-management push, driven by rising savings and pension assets. Eduardo and Damian analyze GAP’s purchase of CBX from its controlling shareholders and the move to internalize technical assistance; dilution now, potential gains later. They also cover ASUR’s bid for a South American airport bundle, and how Aeromexico priced its IPO despite tough U.S.–Mexico travel conditions. Finally, they dissect the current investment slump which suggests Plan Mexico is not working - and why U.S. business is pressing Mexico for clear, predictable investment and tax rules.Prueba Whitepaper 30 días gratisCompra tu gorra o ilustraciones de Whitepaper aquí

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