Citigroup’s pivot away from the direct sale of Mexican bank Banamex to instead seek an IPO in 2025 was partially prompted by López Obrador’s continued demands surrounding the sale, financial experts say
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After a year and a half of negotiating with Mexican firms for the sale of Banamex, New York financial firm Citigroup announced that Banamex will instead be sold via initial public offering in 2025
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The event also included a series of wine-pairing tasting menus led by leading sommeliers
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By JUAN DE JESÚS BREENE One of the first topics in most high school world geography classes is, “Why are some countries rich while other countries are poor?” The answer is a relatively simple one: a combination of its level of corruption, its geography, climate, whether it is landlocked, security of property rights, economic flow and, one of the most
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XINHUA Mexico received a record $51.594 billion in remittances in 2021, according to a report released Tuesday, Feb. 2, by the Central Bank of Mexico (Banxico). The amount of money that Mexicans living abroad sent home to their families last year was 27.1 percent higher than the amount in 2020, when the country received $40.605 in remittances, Banxico data showed.
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By THE PULSE NEWS MEXICO STAFF Despite repeated promises from President Andrés Manuel López Obrador (AMLO) of a 6-percent economic growth in 2021, Mexico registered a 0.2 percent contraction last quarter, marking three straight trimesters in a row of decline in the nation’s gross domestic product (GDP), according to statistics provided Wednesday, Jan. 19, by the National Institute of Statistics
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By KELIN DILLON Mexicans working abroad in the United States who send money back home to their families in Mexico, better known as remittances, increased the amounts they sent by 39.1 percent in April, the largest surge in remittances the country has seen in 18 years. Remittances reached $4.047 billion in April, more than $1.5 billion dollars more than recorded
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XINHUA Consumer confidence in Mexico declined in November compared to the previous month after five months of increase, dragged down by greater pessimism about the economy and the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) said Friday, Dec. 4. The Consumer Confidence Index (CCI) stood at 36.7 units in November, one point lower than in October and
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XINHUA Gross fixed investment in Mexico rose 20.1 percent in June compared to May, its first increase after four months of poor performance amid the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) said. However, the indicator plummeted 24.1 percent in June compared to the same month of 2019, dragged down by a drop in construction and the
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By RICARDO CASTILLO AMLO’s Washington Itinerary Here are a few things we know about Mexican President Andrés Manuel López Obrador’s (AMLO) scheduled visit to the White House on Wednesday, July 8. Previously to his meeting with U.S. President Donald Trump, the Mexican head of state will visit two monuments: a statue of Benito Juárez and the Abraham Lincoln Monument. Later,
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