Author: Stanley Bowers

Governor Victoria Rodríguez, Deputy Governors Irene Espinosa Cantellano, Galia Borja Gómez and Jonathan Heath voted to raise the rate by 50 basis points while Deputy Governor Gerardo Esquivel voted to raise it by 25 basis points. “The Governing Board evaluated the magnitude and diversity of the shocks that have affected inflation and its determinants, the risk of contaminating medium and long-term expectations and price formation, as well as the greatest challenges in the face of tightening of global monetary and financial conditions”, details the monetary policy announcement. Citibanamex considered that Victoria Rodríguez had to vote to raise the rate by…

After several months of patient follow-up, the results obtained showed that, initially, both the number and the yield of antibodies were higher among patients inoculated with two doses of the Pfizer vaccine than among people who had had the disease. Over time, however, although the amount of antibodies continued to decline in both groups – faster in the first than in the second – their performance worsened among those who were vaccinated while it improved among those who recovered. Antibody performance against COVID is better in recovered people with obesity On the other hand, and to the surprise of the…

The total of the credit will depend on the number of years that the worker has contributed to the Issste. There are various options for terms to pay it, as this depends on whether the borrower is an active worker or a pensioner. Requirements and who can request the loan A worker affiliated with the Issste has the right to acquire a car loan after six months of contributions in the current job. While this benefit is available to all retirees and pensioners of the institute. How much does ISSSTE lend me to buy a car? The amount depends on…

Naturgy’s shareholders include the Australian fund IFM, private equity firms CVC and GIP, and Criteria Caixa, the investment holding company that is Caixabank’s main shareholder. The Spanish energy group announced on February 4 that it returned to positive numbers in 2021 thanks to the recovery of economic activity after the break due to the health crisis, added to the sale of shares in Chile and Egypt. The energy giant made a profit of 1.214 million euros ($1.39 billion) last year, erasing losses of 347 million euros ($398 million) in 2020. This net result was higher than the forecasts of the…

“While restructuring our revenue products in light of Apple’s privacy-related iOS changes took additional time, energy and resources in 2020 and 2021, we believe our product enhancements have helped reduce the impact on Twitter.” the company wrote. Overall revenue for Twitter for 2021 was $5.08 billion, up 37% year-on-year, while for the current quarter, the company expects revenue ranging from $1.17 billion to $1.27 billion. Dollars. Agrawal took over the leadership of the company, after a tenure with Twitter of more than 10 years. Prior to this position, the engineer served as chief technology officer. Furthermore, he was one of…

As for the monthly comparison, consumer prices rose six tenths in January compared to December, according to this statistic. If food and fuel prices, which are the most volatile, are excluded, core inflation in January was 0.6%, with an annual rate of 6%. Energy prices (which include gasoline, crude oil, electricity and natural gas) rose 0.9% in January, the same percentage that food prices increased, according to the government report. Within the food segment, the price of purchases in supermarkets rose 1%, and that of food in restaurants, 0.7%. This Thursday’s data adds pressure to the Federal Reserve (Fed, responsible…

On February 9, President López Obrador proposed putting a “pause” in relations between Mexico and Spain. It is important to remember that direct foreign investment from Spain in Mexico ranks second, from 1999 to March 2020, 70,898 million dollars (mdd), only behind the United States. It is a delicate message sent by the government of President López Obrador to a friendly country that is also the European country that invests the most in Mexico. The sectors where it invests the most are in financial services with approximately 29,000 million dollars that represents 40%, telecommunications with 15,000 million dollars that represents…

The market today already has eight mexican unicorns and while the list is mostly dominated by companies fintech (financial technology), there are other sectors that appear on the list such as the purchase and sale of pre-owned cars personified by Kavak (the first Mexican startup to achieve this distinction), and the biometric technology sector represented by Incode. Added to this first wave of Mexican unicorns are Konfío (financial technology company for SMEs), Bitso (platform for buying, selling and using cryptocurrencies), Clara (management and business credit company), Clip (startup specializing in card payments for small businesses), Jokr (virtual supermarket) and, the…

Banxico’s mandate is to maintain price stability, which translates into keeping inflation converging at 3% per year within a target range of 2-4%. However, during 2021, while inflation was considered transitory, month after month inflationary surprises were observed that deteriorated this discourse, ending the year with the highest inflation since 2001. This resonated and caused a change in monetary policy diametrically opposed to the one at the beginning of 2021, when Banxico was still lowering its interest rate. However, a restrictive monetary policy is less useful when inflation is imported, as has been the case in Mexico during 2021 and…