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: 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 moreThough Mexico Exports Crude, High Oil Prices Hurt Economy
By THE PULSE NEWS MEXICO STAFF Although Mexico exports crude oil, it is a net importer of carbon-based fuel, meaning that it imports more oil products than it imports. Consequently, the surging price of international oil, and by extension, all oil-based products, such as gasoline, will negatively impact Mexico’s finances, Janneth Quiroz Zamora, deputy director of economic analysis at the
Read moreA Difficult Year in Review
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreAnother Three Amigos Summit
By ANTONIO GARZA, former U.S. Ambassador to Mexico
Read moreMexican Inflation Keeps Rising, while Peso Loses Strength
By THE PULSE NEWS MEXICO STAFF Inflation in Mexico reached a record 6 percent in September, its highest level since April 2021, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Oct. 7. The rise in the National Consumer Price Index (INPC) was mainloy due to increases in food and energy prices. According to Inegi, inflation in Mexico
Read moreMexico News Roundup
By RICARDO CASTILLO Curtain up, the “L” Show Is On Finally, Mexico’s Fiscal General of the Republic (FGR) ordered the start of the trial of former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin on two separate charges. The charges will be dealt with in separate hearings. On Tuesday, July 28, Federal Judge José Artemio Zúñiga Mendoza opened the first of
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By RICARDO CASTILLO AMLO’s Virtual Powwow with G-20 Leaders In what was his first international encounter — even if only virtual — with the Group of 20 (G-20) world leaders on Thursday, March 26, Mexican President Andrés Manuel López Obrador (AMLO) vowed the nation’s solidarity with all affected nations and explained his point of view as to how to proceed
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By RICARDO CASTILLO Corona “Beerus” Brewery Nixed at Border A poll carried out by Mexico’s Interior Secretariat (SeGob) over the past weekend (Saturday, March 21, and Sunday, March 22) resulted in an overwhelming vote against the establishment of Corona beer manufacturer Constellation Brands mega-brewery in the Mexican border city of Mexicali, on the Mexican side of Calexico and Imperial Valley,
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By RICARDO CASTILLO Coverage Stops Peso, Oil Skids The Mexican government took several emergency measures to contain the downslide of the peso against the U.S. dollar over the weekend. The peso that got wobbled with a jaw punch but did not hit the canvas. It just showed shaky knees. Both the Central Bank of Mexico (Banxico) and the Treasury Secretariat
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