Author: Stanley Bowers

The financial cushion will help absorb potential losses and could provide a boost to the lender’s second-quarter profit if UBS closes the transaction next month as planned. UBS said the estimates were preliminary and the figures could change later. The bank also noted that it may record restructuring provisions in the future, but did not offer figures. UBS agreed in March to buy Credit Suisse for 3 billion Swiss francs ($3.4 billion) in shares and take up to 5 billion francs in losses that would result from the liquidation of part of the business, in a quick merger engineered by…

dollar to peso exchange rate The exchange rate was quoted this Wednesday at 17.6790 pesos per dollar, with a loss of 1.09% against Tuesday’s Reuters reference price, standing out as one of the global currencies that lost the most ground against the dollar. “The Mexican currency was affected by a reduction in risk appetite, given the growing nervousness of the markets due to the little progress in the negotiations to raise the debt ceiling of the United States,” said Monex Grupo Financiero, in an analysis note . President Joe Biden and US congressional leaders are negotiating to prevent the world’s…

Presale for Monterrey Fun Ticket confirmed that the presale for the new concerts in Monterrey (November 14 and 16) will be this Thursday May 18 at 10:00 am, exclusively for Santander credit cards. It should be noted that debit cards do not participate. Purchases can be made on the website www.funticket.mx . Presale for CDMX The pre-sale for Mexico City will also be on Thursday, May 18 at 10:00 am. Likewise, it will be exclusive for Santander credit cards (does not apply to debit cards) on the official website luismigueloficial.com/tour . Afterwards, the general sale will take place. Will there…

“It is necessary to start thinking not only about Mexico, the United States and Canada, but to change our mentality and start thinking about North America as a region,” Moy said. Tesla’s arrival is proof that investments will come to the country. However, it is necessary to work and tighten some nuts of the machinery so that Mexico is more competitive and attractive to companies and investments. The challenges For Gerardo Cervantes, chief commercial officer of Saavi Energy, in the short term they have to deal with issues related to energy, connection and infrastructure. It is necessary to satisfy the…

To understand it better. In the business universe, objectives and results are closely related, but be careful! Do not confuse them; they have different meanings. Objectives are the goals that a company sets itself to achieve in a given period. They are usually broad and focus on achieving a desired state in the future, such as increasing sales, improving customer satisfaction, etc. Now, what we come to, to talk about results: the measurable and quantifiable achievements that a company (or a person, of course) obtains after working in the search for quantitative or qualitative objectives. Let’s say it is the…

“Ecuadorians and Ecuadorians: this is the best decision to give a constitutional solution to the political crisis and internal commotion that Ecuador is enduring and return to the Ecuadorian people the power to decide their future in the next elections,” Lasso said in a tweet. I have signed Executive Decree 741, with the objective of dissolving the National Assembly and requesting the CNE to call elections. Ecuadorians: this is the best decision to give a constitutional solution to the political crisis and internal commotion that supports…— Guillermo Lasso (@LassoGuillermo) May 17, 2023 Lasso faces a political trial before Congress, dominated…

Therefore, the payment for these is an approach that has gained popularity in recent years and basically consists of: instead of basing the salary solely on factors such as position or experience, compensate employees based on skills and specific competencies they possess that are valuable to the company. This practice has several advantages. In the first place, it allows a greater degree of salary equity, since the value that each collaborator contributes is directly recognized and rewarded through their skills. In addition, this modality can help organizations retain and attract quality talent, since they feel valued and adequately rewarded for…

“We still think there is a small chance of a 25 basis point hike. The reason is that headline inflation is still twice the official target rate. In addition, core inflation at the annual rate, which is considered a better indicator of price developments because it excludes some highly volatile items such as food and energy, remains quite high,” OctaFX’s research team says in a report. . A survey carried out by the Reuters agency indicates that 12 of 15 analysts consulted expect Banxico’s key rate to remain at 11.25%. The remaining three anticipate a new increase of 25 basis…

The administrative reform initiative, presented to Congress on March 24 of this year, and which will be discussed at the beginning of the following legislative period, aims to reverse this scheme, although it is not yet clear to what extent. That is, the reform in question does not intend to cross out with a stroke of the pen all the enabling titles that have been granted by various authorities, but rather to extinguish them from legal life when, in the opinion of an indefinite “authority”, it is suspected that they were granted by a endless causes: from acts of corruption,…