Billionaire Ricardo Salinas Pliego’s broadcaster TV Azteca filed to initiate Mexican bankruptcy proceedings on Thursday, according to a spokesperson, as the company seeks to bring a battle with creditors over $400 million of defaulted bonds to Mexico, Bloomberg News reported. TV Azteca, known for producing soap operas and reality shows, filed for voluntary bankruptcy protection before a Mexican court to help reorganize its liabilities and strengthen its financial structure, Grupo Salinas spokesperson Luciano Pascoe said.

Canadian and Mexican officials on Thursday reaffirmed the importance of ​maintaining the trilateral free trade agreement between their ‌countries and the U.S., amid signals from Washington it could be interested in bilateral deals, Reuters reported. Canada's ambassador to Mexico Cameron MacKay ​and Mexican deputy trade secretary Luis Rosendo Gutierrez ​both told a conference in Mexico City that ⁠maintaining the trilateral U.S.-Mexico-Canada agreement was a priority for ​their nations. The meetings follow an announcement by U.S.

U.S. and Mexican negotiators will hold bilateral discussions starting the week ​of March 16 as part of the joint ‌review of the United States–Mexico–Canada trade agreement, the U.S. Trade Representative's office said on Thursday, Reuters reported. U.S.

Mexico remained the United States’ largest trading partner for the third consecutive year in 2025, with two-way commerce reaching a record $872.83 billion, Freight Waves reported. Trade between the two countries increased 3.9% year over year, rising from $840 billion in 2024 to $872.83 billion in 2025, according to a WorldCity analysis of the latest U.S. Census Bureau data. It marks the highest annual trade total the U.S. has ever recorded with any nation for the second consecutive year. Canada ranked second among U.S.

The Bank of Mexico increased its forecast for economic growth this year following a better-than-expected performance in the fourth quarter of 2025, the Wall Street Journal reported. In its quarterly economic report Thursday, the central bank said it expects gross domestic product to expand 1.6% in 2026, up from its previous estimate of 1.1%. The bank left its GDP forecast at 2.0% for 2027. The central bank said it still sees moderately faster growth, although from a higher base than previously estimated.

Mexican broadcaster TV Azteca, which is controlled by Mexican business magnate Ricardo Salinas Pliego, said on Thursday that shareholders had approved a voluntary bankruptcy process for restructuring the company's finances and liabilities, Reuters reported. TV Azteca said that the decision to initiate the bankruptcy process was based on the impact of license payments to the government in 2018, the COVID‑19 pandemic, a "complex negotiation" with international creditors and the recent payment of years of owed taxes to Mexican authorities.

Freight flows across western Mexico are beginning to normalize after several days of cartel-related violence disrupted highways, ports and manufacturing operations tied to U.S.-Mexico trade, the Associated Press reported. A deadly military operation targeting the leadership of the Jalisco New Generation Cartel (CJNG) on Sunday triggered road blockades, temporary facility shutdowns and airport disruptions across parts of Jalisco, Michoacán and neighboring states. More than 70 people have reportedly died in the violence, including 25 National Guard members.

China's chief trade negotiator Li Chenggang met Mexico's Deputy Economy Minister Vidal Llerenas in Beijing on Monday, in the first face-to-face talks since Mexico imposed higher tariffs on Chinese imports, drawing warnings from Beijing, Reuters reported. The two countries conducted in-depth exchanges on bilateral economic and trade relations and other issues, the Chinese Commerce Ministry said in a statement on Thursday. Mexico announced in December steep tariff increases on China and other countries without free trade agreements with Mexico - most up to 35%.

The Bank of Mexico left its benchmark interest rate unchanged on Thursday, pausing after 12 consecutive cuts to assess the inflationary impact of recent tax and tariff increases, the Wall Street Journal reported. The five-member board of governors voted unanimously to leave the overnight interest-rate target at 7.0% in their first monetary policy meeting of the year. The pause was widely expected. The board “deemed appropriate on this occasion to pause the rate-cutting cycle, consistent with the assessment of the current inflationary outlook,” the central bank said.

The 2025 financial debt of Mexico's state-owned oil firm Pemex, closed at $84.5 billion, the company's CEO Victor Rodriguez Padilla said on Wednesday during the daily morning press conference of Mexico's president Claudia Sheinbaum, Reuters reported. Pemex's financial debt at the end of 2024 was of $97.6 billion. 2025 marks the fifth consecutive year that the state-owned firm saw a decrease in its financial debt, Rodriguez said. Read more.