“Despite the challenging environment, the figures surprised positively with solid growth in volumes despite price increases, excluding the one-off effect in Brazil,” Grupo Financiero Banorte analysts said in a note to clients. Regarding the consensus of analysts for the second quarter, KOF sales had an increase of 11.4% compared to expectations. On the other hand, the operating flow (Ebitda) and the consolidated net income exceeded the estimates with 3.7 and 24.4%, respectively. “We reiterate our vision of recovery in the issuer, since despite the difficult start of the year and the issue of commodities, the issuer maintains an attractive volume.…
Author: Stanley Bowers
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What is the salary of a worker in Canada, under the Live-In Caregiver Program? Each employer has its salary rate, so it will depend on who the foreigner works with. However, the average is about 1,900 Canadian dollars (30,287.20 Mexican pesos) for 44 hours of work per week. What are the requirements to work as a caregiver in Canada? Applicants must meet a series of requirements in order to access the work visa or permanent residence. Have a contract signed by an employer in Canada. Have a level of 5 or higher on the Canadian Language Benchmark in English or…
The renegotiation of the Treaty began during the presidency of Enrique Peña Nieto, with Ildefonso Guajardo as chief negotiator, when López Obrador was declared president-elect in July 2018. Seade was an observer of the renegotiation as part of the economic transition team. Among the issues that Seade ended up negotiating with Lighthizer and Chrystia Freeland, Canada’s main negotiator, is the energy issue, with a chapter that defends Mexico’s energy sovereignty; the labor sector, to improve wages on the Mexican side. They also highlight the periodic review of the TMEC, which represented the threat of ending the Treaty every five years,…
Grupo Lala, which became the market leader thanks to the launch of new products and its foray into new categories, has focused its efforts on reducing its liabilities and recapitalizing itself, before finalizing its delisting from the Mexican Stock Exchange. In recent years, the firm had operated at very low levels of marketability due to the fact that the market did not look favorably on the constant change of leadership -there were three CEOs in less than five years- nor the abrupt turns in growth strategies, which in the same period went from aggressive international expansion to accelerated product launches.…
How would the peso react to an increase of 100 basis points? One of the scenarios to be considered is the surprising increase of 100 base points on the interest rate. Analysts mentioned that this would give strength to the dollar in the face of the uncertainty of how far the Fed can go without affecting the pace of the economy. “Weeks ago, when the inflation data for the month of June was known, it was when the possibility that this increase was 100 basis points was discounted. At that time the peso reached 21.08 units per dollar and we…
The Japanese company will launch two versions: Limited and Premium, both with i-FORCE MAX technology hybrid motorization, which incorporates a 3.5-liter V6 Twin Turbo engine coupled to a 10-speed transmission. The hybrid system offers 437 horsepower and 585 pound-feet of torque. Tundra has a load capacity of up to 730 kilos and can tow up to 5,064 kilos. With a price range of 1,249,000 for its Limited version and 1,389,900 for its Platinum version, Toyota will seek to gain a foothold in the pickup segment. full size. And the electric ones? With an offer that now totals six models and…
Borisov, who recently replaced Dmitri Rogozin as head of Roscosmos, added that by then Russia will start building its own orbital station. Last June, Roscosmos sources assured that Russia will continue to work and participate with its partners in the ISS until it has its own orbital platform, something scheduled for 2025, according to initial plans. In the past, the Russian government approved Russian participation in the ISS until 2024. Kremlin spokesman Dmitri Peskov also reiterated on Tuesday that the decision to abandon the orbital platform was not made today. The former head of Roscosmos said in June that the…
According to data from Counterpoint Research in the first quarter of the year, MediaTek had 38% of the smartphone application processor market, being the largest company in the segment. While MediaTek has the largest presence in the world of smartphones, it is also found in a wide range of devices, such as Chromebooks, tablets, medical equipment or even cars, so Intel could enter any of these areas before phones. smart. Since taking over as CEO of Intel, Pat Gelsinger has stressed the importance of reinvigorating the semiconductor foundry business to break the dominance established by Asian rivals TSMC and Samsung.…
Global growth had picked up in 2021 to 6.1% after the COVID-19 pandemic crushed global output in the previous year with a 3.1% contraction. “The outlook has darkened significantly since April. The world could soon be on the brink of a global recession, just two years after the last one,” IMF Chief Economist Pierre-Olivier Gourinchas said in a statement. The IMF said its new forecast is “extraordinarily uncertain” and subject to downside risks from Russia’s war in Ukraine, which is driving up energy and food prices. This would exacerbate inflation and embed longer-term inflation expectations that would trigger further tightening…