Tag Archives: Mexican peso

Mexico News Roundup

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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Mexico News Roundup

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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Mexico News Roundup

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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AMLO’s Budget in a Nutshell

By THÉRÈSE MARGOLIS     On Saturday, Dec. 15, newly instated Mexican President Andrés Manuel López Obrador (AMLO) presented his 2019 budget to the Mexican Congress via his Finance Secretary Carlos Urzúa. The budget plan, which allocates more funding for social programs and infrastructure and less for government payrolls (including his own salary), is expected to be approved easily by the pro-AMLO

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The Mexican People Have Spoken, and They Said ‘No New Airport’

By RICARDO CASTILLO     The behemoth New International Mexico Airport (NAIM) project was declared defunct on Monday, Oct. 29, by President-elect Andrés Manuel López Obrador (AMLO) after the “no” vote triumphed overwhelmingly during the four-day (Oct. 25 through Oct. 28) national consultation poll carried out by the now-ruling National Regeneration Movement (Morena) political party. The airport construction, at about 20 percent completion (32

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The Pros and Cons of Mexico City’s New Airport Proposal

By RICARDO CASTILLO     The open referendum to approve or disapprove the no-binding construction of the New International Mexico Airport (NAIM) started on Thursday, Oct. 25, and will end on Sunday, Oct. 28. In case you’re not tuned into the situation, which is the nation’s largest and noisiest gossip topic nowadays, here are some of the pro and con opinions regarding the controversial

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Mexican Election Results Spark Market Jitters, Peso Decline

By THÉRÈSE MARGOLIS     It will take months, or even years, before Mexico sees the long-term economic consequences of its people’s passionate landslide vote to elect leftist populist Andrés Manuel López Obrador (AMLO) as their president on Sunday, July 1. But while there will no doubt be significant economic ups and downs in the months ahead, the Mexican Bolsa de Valores

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