Author: Stanley Bowers

This offer has driven the growth of Business Banking, with a compound annual rate of portfolio growth of 53% since 2016 and 95% in the last 12 months, with a lower risk compared to the rest of the market, with a large profitability, through a team of 100 collaborators. A promising future BanCoppel Empresas currently has a portfolio of 472 clients and, as part of its strategic growth plan, expects to reach 4% of the market over the next five years, as well as a gross loan placement of more than 70,000 million pesos a year. through an integrated value…

Mexico prides itself on being the birthplace of modern corn, but it imports about 17 million tons of the US grain a year and is on track to buy even more this year, experts said. Some officials in the Mexican government, including Agriculture Secretary Víctor Villalobos, have said that imports of yellow corn for cattle feed will not be interrupted. US producers remain cautious, as no official document establishes that, according to a US agriculture official familiar with the latest meetings with his Mexican counterparts. López Obrador said this month firmly: “We do not accept transgenic corn.” Grain for human…

The head of the World Bank is under fire for failing to acknowledge the role of fossil fuels in global warming, during a roundtable Tuesday hosted by the New York Times. “We condemn the comments of the president” of the World Bank, White House spokeswoman Karine Jean-Pierre said on Friday, although she warned that “replacing him requires the agreement of the majority of the parties.” Asked at the roundtable about a statement by former US Vice President Al Gore accusing him of being a climate change denier, Malpass repeatedly refused to say whether he believed human-caused emissions were warming the…

The bond curve inverts to a level not seen in two decades As rates rise, so do concerns about how they will affect growth and risk assets. “That’s going to have significant ramifications for US risk assets, we just haven’t seen it yet,” Lyngen said. “I suspect we are looking at a recalibration of expectations going forward that will ultimately end with a flatter curve, or deeper investment in the US and risk assets under pressure.” The spread of the yield curve between 2-year and 10-year bonds hit -58 basis points on Thursday, a negative spread means a curve inversion,…

Advantages and disadvantages of bio fuels In recent years, most companies and sectors have announced strategies and changes in their production schemes, aimed at greater preservation of the environment, a scenario in which the use of biofuels as an alternative to reduce greenhouse gases caused by freight transport. The promoters of biofuels defend that they are an alternative to reduce the energy dependence that markets have on hydrocarbons. “The international biofuels sectors are strongly influenced by national policies with three main objectives: to provide support to the producer, to reduce greenhouse gas emissions and to reduce energy independence”, adds the…

The Finnish authorities had unsuccessfully tried to get the EU to agree to ban the granting of tourist visas to Russian citizens, but the lack of agreement ended up turning the Nordic country into the gateway for Russians to the European Community. With air and rail connections severed by European sanctions against Moscow, thousands of Russians continue to arrive daily in Finland by road, most of them crossing the four border posts in southeastern Finland (Vaalimaa, Nuijamaa, Imatra and Niirala). Russian President Vladimir Putin’s announcement that 300,000 reservists were to be mobilized to fight in Ukraine prompted an immediate increase…

Meanwhile, the subsidy for the liter of Diesel remained at 100%, that is, a quota of zero pesos, per liter, having the total subsidy for IEPS, an additional subsidy is granted for importers and producers, which will be of 0.34 pesos per liter for the week of September 24 to 30, details the Ministry of Finance and Public Credit (SHCP) in the Official Gazette of the Federation (DOF). At the end of July, the Ministry of Finance began to reduce the stimuli for Premium and Magna gasoline in view of the fact that their reference prices began to fall worldwide.…

For the week, WTI is down 7% and Brent 6%, the fourth straight week of declines for the benchmark indices and the first time a losing streak has occurred since December 2021. After the US Federal Reserve raised interest rates by 75 basis points on Wednesday, central banks around the world followed suit, raising the risk of an economic slowdown. “The crude oil market is under strong selling pressure as the US dollar remains on a strong upward trajectory amid further reduction in risk appetite,” analysts at energy consultancy Ritterbusch and Associates said. The US dollar was on track for…

Common characteristics of the bodies found are visible signs of executions, such as hands tied behind their backs, bullet wounds to the head or cuts to the neck. Mose also said investigations had “shown a considerable number of war crimes” committed by the Russians, while only two cases of mistreatment of Russian soldiers by Ukrainian forces had been found so far. “There is a considerable difference between war crimes committed on a large scale on the one hand and two cases of mistreatment on the other,” another investigator, Pablo de Greiff, added to AFP questions. torture and rape Mose also…