Mexican President Claudia Sheinbaum said on Monday she spoke with U.S. President Donald Trump on Saturday and that the two countries will extend a trade deadline for "a few more weeks" to discuss pending issues with Washington, Reuters reported. The U.S. agreed in July to pause for 90 days an increase in tariffs on some Mexican goods to 30% pause to continue talks over that period with the goal of signing a new trade deal.

The Second District Court for Commercial Bankruptcy has reported progress in the bankruptcy proceedings of Altos Hornos de México (Ahmsa) and its subsidiary Minera del Norte ( Minosa ), focusing on the review of labor lists that will allow for determining payment to workers as preferred creditors, BNamericas.com reported. In a court ruling dated October 1, the court detailed that the Federal Attorney for Labor Defense (Profedet) already has the necessary material to review the lists submitted by the trustee, as well as the information provided by the Mexican Social Security Institute (IMSS).

The United States has been at the nexus of a data center boom, as OpenAI, Amazon, Google, Microsoft and others invest hundreds of billions to build the giant computing sites in the name of advancing artificial intelligence. But the companies have also exported the construction frenzy abroad, with less scrutiny, the New York Times reported. Nearly 60 percent of the 1,244 largest data centers in the world were outside the United States as of the end of June, according to an analysis by Synergy Research Group, which studies the industry.

Mexican lawmakers will pause until late November the discussion of a government proposal to impose tariffs of as much as 50% on cars, steel and other products imported from China and several Asian nations that don’t have a trade deal with the country, according to a top congressman, Bloomberg News reported. Ricardo Monreal, leader of the ruling Morena party in the lower house of Congress, said that lawmakers must be careful with the proposal and review it “very seriously.” “We’re going to put it on hold,” Monreal told journalists.

Mexico's annual inflation rate quickened in September at a pace slightly below expectations, official data showed on Thursday, but remained within the central bank's target range of 3% plus or minus a percentage point, Reuters reported. Consumer prices in Latin America's second-largest economy rose 3.76% in the year through September, according to national statistics agency INEGI. Consumer prices rose 3.57% in the previous month.

The Bank of Mexico cut its benchmark interest rate to a three-year low Thursday as expected and said further reductions are possible, while it still sees inflation returning to its target next year, the Wall Street Journal reported. The five-member board of governors voted 4-1 to lower the overnight interest-rate target by a quarter of a percentage point to 7.50% in a 10th consecutive cut that brought the rate to its lowest level since June 2022. Deputy Gov. Jonathan Heath voted to keep the rate at 7.75%.

Mexico's headline inflation sped up in the first half of September, broadly in line with market expectations, heading closer to the upper limit of the central bank's target, Reuters reported. Consumer prices were up 3.74% in the 12 months through mid-September, statistics agency INEGI said, speeding from a prior figure of 3.49%. While the market expects inflation in Latin America's second-largest economy to reach 3.9% by the end of the year, Banxico, as the central bank is known, targets an inflation rate of 3%, plus or minus a percentage point.

Altos Hornos de México (Ahmsa), once the country's largest steelmaker, is continuing its bankruptcy process by selling assets to raise up to US$1.326 billion, BNamericas.com reported. The second district judge in bankruptcy matters, Ruth Huerta, authorized the public announcement of the proposed sale of the assets of Ahmsa and its subsidiary, Minera del Norte ( Minosa ). Of the total amount, approximately US$1.2 billion corresponds to Ahmsa's assets and US$125 million to Minosa's assets, according to a court settlement dated September 11 and disclosed last week.

The Mexican government turned to international debt markets for the second time this week to prop up flagging state oil producer Pemex, launching $8 billion in bonds on Tuesday, Reuters reported. The fresh offer, reported by IFR, LSEG's fixed-income news service, will help Pemex pay for a $9.9 billion bond buyback launched earlier this month. That buyback offer was oversubscribed by the early tender deadline of Monday, Pemex said. Tuesday's federal bond launch was split into $1.5 billion in notes due 2031, $4 billion maturing in 2033 and $2.5 billion maturing in 2025, IFR reported.

Mexico has started a public consultation process to gather information on the functioning of the United States-Mexico-Canada trade agreement (USMCA), the government's official gazette said on Wednesday, Reuters reported. The evaluation is being carried out ahead of trade deal's planned review, Mexican Economy Minister Marcelo Ebrard said in a video shared on his social media. The USMCA, which replaced the North American Free Trade Agreement in 2020 and was negotiated during U.S. President Donald Trump's first term, requires the three countries to hold a joint review after six years.