Peso Loses Ground against Dollar after U.S. Financial Shakeup
The peso slid dramatically in early trading by more than 3.5 percent against the dollar because of traders fearing market contagion from the U.S. bank collapses
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Navigating Mexico: Paying Extra Charges for Using a Credit Card
By JUAN DE JESÚS BREENE Like any country, Mexico has certain practices that would never happen anywhere else, and sometimes we become conditioned to accepting those quirky conventions with a “well, welcome to Mexico.” One of those practices that can easily be seen as ordinary is taking out your credit card for payment and hearing, “Oh, I’m sorry, if you
Read moreMexico’s Opposition Parties Hang Tight for Next Election
OPINION By RICARDO CASTILLO For four Mexican opposition political parties, it is the lull before the storm, scheduled for Sunday, June 5, when elections for governor will be held in six states. For sure the leaders of those parties are keeping up the competitive spirit, claiming the candidates they support will come out victors, a hope contenders claim is wishful
Read moreNavigating Mexico: Why Now Might Be a Good Time to Hedge
By JUAN DE JESÚS BREENE If you are a digital nomad, with some or all of your income coming from outside of Mexico, right now might be the time to consider some financial “hedging” While many are familiar with hedging in a stock fund, for the international citizen, a different kind of hedging is at play that has nothing to
Read moreNavigating Mexico: Scoring a Line of Credit
By JUAN DE JESÚS BREENE So you finally made it to Mexico. You have a real adult job, a decent income, legal status as a resident, an RFC number, a CURP number, a residency card and you have navigated the multiple trips to open a bank account. You feel like you won a Nobel Prize by completing the process. But what
Read moreWhat Citibank Pulling out of Mexico Could Forebode
OPINION By THÉRÈSE MARGOLIS Despite the fact that just five months ago, Citigroup CEO Jane Fraser met with Mexican President Andrés Manuel López Obrador (AMLO) at the National Palace, declaring that the international financial group considered Mexico “a country of opportunities” thanks to its economic, political and social stability, the corporation announced on Tuesday, Jan. 11, that it would be
Read moreBloomberg Says Only Mexican Stock Actions Are Buyouts
By THE PULSE NEWS MEXICO STAFF According to a report published by Bloomberg News on Monday, Oct. 11, the only significant Mexican stock action in the last year and a half has been buyouts. In an article Michael O’Boyle, Bloomberg said that while Initial Public Offering (IPO) records around the world are currently at peak levels, with companies having already
Read moreMexican Treasury to Keep Tabs on Small Cash Deposits
By THE PULSE NEWS MEXICO STAFF In an effort to increase the government’s already-tight control on private bank account movements, Mexico’s new 2022 Income Law, promoted by the Secretariat of the Treasury (SAT), would require banks and other financial institutions to provide monthly reports, instead of the current annual reports, on all cash deposits received by account holders amounting to
Read moreA Myopic AMLO Sings his own Praises, Merited or Not
By THÉRÈSE MARGOLIS Despite a dramatic 74 percent uptick in violent crimes, a 7.3 percent increase in poverty, a contraction of the national economy every year since he took office, and, lest we forget, a dismal mismanagement of the covid-19 pandemic that has resulted in the deaths of nearly 260,000 Mexicans (and that’s just based on the official numbers, outside
Read moreThe Real Reason for AMLO’s War on the Tamaulipas Governor
By THÉRÈSE MARGOLIS Ever since he first took office in December 2018, Mexican President Andrés Manuel López Obrador (AMLO) has been pushing to consolidating his institutional power by dismantling independent institutions, mandating constitutional rewrites and discrediting his opponents through unsubstantiated charges of criminal activity. One of the most notable victims of this latter political tactic has been the current governor
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