By MARK LORENZANA In the second quarter of this year, outflow of capital from Mexico totaled $5.74 billion, a figure 88.9 percent higher than the previous quarter. For the ninth consecutive quarter, the country has registered capital flight, according to figures from the Central Bank of Mexico (Banxico). Gabriela Siller, director of economic analysis at Banco Base, explained that the covid-19 pandemic
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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
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By THE PULSE NEWS MEXICO STAFF During the third trimester of 2021, portfolio investment in Mexico registered nearly $14.6 billion in capital flight, both foreign and national, representing a 1,147 percent increase compared to the $1.17 billion that left the country during the same period of 2020. The 2021 third quarter figure is the largest capital exodus recorded for any
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By THE PULSE NEWS MEXICO STAFF Mexico placed as the country with the second-highest rate of capital flight in February, according to a report released earlier this week by the U.S. Treasury Department. In total, $11.531 billion in government bonds and corporate securities left the country in February, the Treasury Department said. Only Brazil registered a higher rate of capital
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By THÉRÈSE MARGOLIS When Gilberto de Jesús Lozano González, the founder and leader of Mexico’s Frente Nacional Anti-AMLO (National Anti-AMLO Front, or Frena) presented a formal demand before the Chamber of Deputies judicial committee on Wednesday, Aug. 5, calling for the immediate and irrevocable destitution from office of President Andrés Manuel López Obrador (AMLO), he had no illusions that it
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By RICARDO CASTILLO Partial National Shutdown As of Monday, March 30, Mexico officially entered into a month-long economic standstill to prevent close contact among citizens in order to avoid the spread of the Covid-19 virus. The announcement of the partial national shutdown, which will last through April 30, was made by members of Mexican President Andrés Manuel López Obrador’s (AMLO)
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By THÉRÈSE MARGOLIS In less than two weeks now, Mexico’s very own Man Who Would Be King (oops, I meant to say president), Andrés Manuel López Obrador (AMLO), will take office, and for the next six years, the Land of Mañana (Tomorrowland, in a truly Disney sense of the word) will no doubt move forward into an Arcadia of Never
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