Tag Archives: Bloomberg

Bloomberg 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

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Additional Interest Rate Increases Expected from Banxico

By THE PULSE NEWS MEXICO STAFF After Mexico’s Central Bank (Banxico) shocked financial markets with a surprise .25 interest rate hike on Thursday, June 24, analysts are now predicting that the bank will issue additional increases this year to combat surging inflation, which reached more than 6 percent in May.Banxico raised its key rate to 4.25 percent in a split

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How Mexico Is Losing the War on Drugs

By THÉRÈSE MARGOLIS In an editorial published on Friday, Jan. 22, the U.S.-based financial and media firm Bloomberg alleged that Mexico’s war on drugs has “taken a turn for the worse.” Focusing heavy on the bilateral fallout related to the controversial Salvador Cienfuegos case, the opinion article focuses on the dangerous consequences of a lack of bilateral cooperation in curbing

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For a Few Dollars More

By RICARDO CASTILLO The last brawl in this legislative year in the Mexican Congress was over the so-called “Monreal Bill” that was stuck in the middle of a verbal debate and its vote postponed until February. The bill is also known as the “Bank of Mexico,” or “Banxico Bill,” and it has already passed with leeway at the Senate, and

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AMLO vs the Media, or Vice Versa

By RICARDO CASTILLO Over the past week, the ultra-conservative daily Mexican newspaper Reforma has been stabbing President Andrés Manuel López Obrador (AMLO) with a wooden knife. In Mexican journalism, it is deemed that wooden knives do not penetrate deep enough to kill you, but for sure getting “stabbed” with one is a nagging nuisance. Persons who criticize politicians use the

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Mexico News Roundup

By RICARDO CASTILLO     Mexico’s Economy Shielded In one of the multiple events of the four-day-long 31st Reunion of Ambassadors and Consuls 2020 organized by the Foreign Relations Secretariat (SRE) from Jan. 7 to Jan. 10, Treasury Secretary Arturo Herrera took the forum as an opportunity to claim that Mexico – one year after Andrés Manuel López Obrador’s (AMLO)

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Mexico News Roundup

By RICARDO CASTILLO New Supreme Court Judge The Mexican Senate elected Ana Margarita Ríos-Farjat as a new member of the  country’s Supreme Court (SCJN). Up until now, lawyer Ríos-Farjat had been working as head of the nation’s Tributary Administrative System (SAT), the Treasury Secretariat unit that oversees the nation’s tax collection. Ríos-Farjat received 94 votes from the senators (a minimum

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