Author: Stanley Bowers

Documents to present in original: Valid official identification with photograph and signature (Voting ID or Passport). Permanent Resident Card (for foreign workers with passport with extension). Account statement for deposit or list or summary of movements or equivalent, must contain the full name of the worker or account opening contract page or equivalent where the full name of the worker is included at least, CLABE account provided by a banking institution, with an age of no more than three months. Proof of address, with a recent date not older than three months. The most recent payslip in the case of…

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Bimbo launched the first fleet of electric vehicles in 2013. That year, it inaugurated the first ecological sales center in the historic center of Mexico City. The company currently has 20 sales centers of this type nationwide. “Doubling our fleet of electric vehicles in Mexico in a single year reflects our commitment to be sustainable, from the design point of view, and moving forward with conviction towards the goal of be a zero emission company net carbon emissions in 2050,” said Jorge Zárate, global director of operations for Grupo Bimbo, in a statement.

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Who is Alex Chriss? Alex Chriss is an executive who has been immersed in the world of technology for 19 years. In 2014, he became CEO of Intuit, a company in charge of business software such as QuickBooks and Mailchimp. These two businesses that have been under Chriss’ leadership have become growth engines and platforms for clients in different market segments, from small to large companies that have seen an increase in confidence to run their businesses. In fact, a couple of years ago he was one of the people within Intuit responsible for the acquisition of Mailchimp for 12,000,…

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Changes in the Central Bank and sale of organs The economist belonging to the front “La Libertad Avanza” has a recipe to put a limit on inflation that exceeds 115% per year: replace the national currency with the dollar. Eventually, he would even get rid of the central bank, which has been printing pesos to finance public spending. While dollarization has been successfully implemented in some Latin American countries, including Ecuador and El Salvador, economists warn that Argentina lacks enough foreign currency to follow that path. Other key economic proposals from Milei include: Public spending cuts so large that the…

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New Chinese bank loans fell in July and other key credit indicators also weakened, even after monetary authorities cut interest rates and promised to unfurl more support for the faltering economy. Given the data, oil prices also fell. Brent crude futures fell 0.69% to $86.21 a barrel, while US West Texas Intermediate (WTI) futures fell 0.82% to $82.51. Walter Zimmerman, chief technical analyst at ICAP-TA, said that with hopes fading for the Chinese economy to return to pre-pandemic demand levels, oil markets have little to pin their expectations for future growth on. Market participants are divided, weighing a tight supply-demand…

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The civil action was filed in November 2018 alleging misconduct related to UBS’s underwriting and issuance of residential mortgage-backed securities (RMBS) issued in 2006 and 2007, according to the Justice Department. The United States had filed a complaint alleging that UBS defrauded investors in connection with the sale of 40 RMBS issued in 2006 and 2007. It alleged that UBS had knowingly made false and misleading statements to purchasers of those securities. On Monday, UBS said it had reached an agreement with the Justice Department to resolve what the bank called a 2006-2007 legacy matter. He added that the agreement…

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How will the Pemex radio communication system operate? The communication network will be established using Pemex’s own infrastructure, made up of master and remote stations equipped with antennas for the transmission and reception of signals, operating in the frequency range of 406.1 to 410 MHz. The network will also incorporate several devices for remote monitoring, diagnosis and control. The state oil company has reported a increase in accidents at its facilities, whose situation has led to a downgrade in its credit rating at the end of the first half of this year. The new radio communication system could help reduce…

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The states where food became more expensive were Tabasco (16.24%), Nuevo León (14.42%), the State of Mexico (13.08%), Hidalgo (8.56%) and San Luis Potosí (8.53%), said the National Alliance of Small Merchants (Anpec) in a statement this Monday. The products that increased their price the most were pickled chilies (93.54%), chili (84.36%), tomato (59.85%), wheat flour (56.62%) and lemon (43.87%). Inflation in food merchandise of packaged food such as soft drinks, box bread, snacks, among others, not including perishables, was above 10% annually for 16 months, having reached its highest level, 14.14%, in December 2022. The Inegi recently reported that…

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Although Milei had no internal competition in his La Libertad Avanza party, Sunday’s result provides clear indications about what could happen in the October general elections, since the libertarian economist obtained 30.03% of the votes, according to a poll provisional advanced to 97.4%. “The market did not expect these data from Milei… surely it is going to be a week with enough tension,” Dante Sica, an economist at consultancy Abeceb.com and a former production minister, told Reuters. With a deep crisis that led to inflation of 116% and poverty of 40%, apathy won over the majority of Argentines, who showed…

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