Author: Stanley Bowers

In the second quarter of the yearthe total credit portfolio of the bank accumulated 783,466 million pesos (mdp), a increase 10.3% compared to the same period in 2021. The manager stressed that although they will increase their appetite for risk, they will continue to seek portfolio quality in order to maintain healthy delinquency levels. Santander Mexico reported that in the placement of credit cards it had an increase of 12.9% compared to the second quarter of 2021, with a total of 57,566 million pesos. The bank highlighted that LikeU cards, which were launched at the end of 2021, generate 12%…

“Doesn’t look like a recession” President Biden on Thursday tried to calm Americans’ concerns about the strength of the economy. Biden and top White House officials highlighted several positive developments about the US economy, including high hiring rates, the lowest level of unemployment in 50 years, and investments by industries. “This doesn’t look like a recession to me,” Biden told reporters. Anxiety about the economy could sink Democrats during the midterm elections on November 8, when control of Congress is at stake. The president’s approval rating has fallen to a record low of 36%, according to a Reuters/Ipsos poll, and…

In the quarter, the operational flow de Cuervo grew 43.7% to 2,343 million pesos, while the net profit consolidated increased 58% to 1,410 million pesos, compared to 893 million pesos in the second quarter of 2021, according to the company’s financial statements. “Despite continued supply chain constraints across the industry, tequila growth was strong across our family of brands. Although the global environment continues to be volatile, with a difficult macro and inflationary context, we continue to anticipate favorable trends in our portfolio and in our geographic regions as a result of the upturns in the consumption centers, the resilience…

In the second quarter of the year, the bank’s total credit portfolio accumulated 783,466 million pesos (mp), a growth of 10.3% compared to the same period in 2021. The manager stressed that although they will increase their appetite for risk, they will continue to seek portfolio quality in order to maintain healthy delinquency levels. Santander Mexico reported that in the placement of credit cards it had an increase of 12.9% compared to the second quarter of 2021, with a total of 57,566 million pesos. The bank highlighted that LikeU cards, which were launched at the end of 2021, generate 12%…

AMAVe estimates that its purchases will represent 19% of the total market, but Campuzano points out that if there were a better volume of units available, the association’s figures would be higher. Guillermo Rosales, president of the Mexican Association of Automotive Dealers, says there is no clear picture of available inventory levels for the coming months. “This 2022 will continue to be marked by insufficient vehicles. Although it is true that gradually there has been a little more availability in the market, especially in the last two months, it is still quite marginal,” Rosales said. In February of this year,…

Armando Torrado, general director of Alsea, said in the financial statement for the second quarter of the year, that they were able to counteract the inflationary pressure in food and energy costs thanks to a price strategy (that is, increases in products) and efficiencies in the different brands. The company’s net sales increased 35.8% to reach 16,939 million pesos, compared to 12,477 million pesos in the same period of the previous year. Compared to the second quarter of 2019, Alsea achieved a growth in net sales of 16.2% and an increase of 25.9% in same-store sales, according to data from…

Amazon said it expects to post third-quarter revenue of between $125 billion and $130 billion, representing growth of 13% to 17%. “Despite continued inflationary pressures in fuel, power and transportation costs, we are making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network,” said CEO Andy Jassy. it’s a statement. The company cut its workforce by 99,000 people, helping it blunt the blow of inflation that other tech giants have taken, and its cloud business beat Wall Street’s expectations. Sales on AWS rose 33% from a year earlier to $19.74 billion,…

TV Azteca’s net income registered 162 million pesos compared to the 283 million pesos obtained in the same quarter of the previous year, which implies a drop of 43%. The decrease in the company’s profit is due to increases in the costs and total expenses of production, programming and transmission. The operating flow (EBITDA, for its acronym in English) amounted to 672 million pesos, 3% more than the 654 million pesos reported in the same period of the previous year. The result is associated with an exchange rate loss of 54 million pesos, compared to a gain of 222 million…

Investors said the company would miss its projections because other PC and smartphone vendors have said sales are slowing. The company stated that the Total revenues for its devices it amounts to 304,182 million dollars, which includes its service area, where Apple TV + and Apple Fitness + are contemplated. Although its flagship product, iPhone, managed to sell 3% more than the period last year, Apple’s revenue from the sale of Mac was 7,380 million dollars, 10% less than last year. On the other hand, iPad managed to sell 7,220 million dollars, 2% less than in 2021. iPhone 13 sales…