Author: Stanley Bowers

Inflation remained unchanged in the month-to-month comparison in October compared to September, although a sharp monthly drop in energy prices was recorded. Both the annual and monthly figures were below the average expectations of economists surveyed by the consulting firm MarketWatch. Although the reduction in the price of gasoline was mainly responsible for the moderation in consumer prices, the fall was partially offset by a continued increase in housing, the Department of Labor said. The United States Federal Reserve (Fed, central bank) recently kept its benchmark interest rate at 22-year highs (in a range of 5.25% to 5.50%), for the…

The above, he said, contributed to Mexico having better than estimated economic growth, which reached 3.5% in the third quarter of the year, the Treasury reported in a statement. The secretary also pointed out that the social protection system has been a priority for the department he heads, highlighting that currently 70% of Mexican households have benefited from at least one of the federal government’s social programs. The above, he noted, contributed to 5.1 million Mexicans escaping poverty, compared to 2018. Undersecretary Gabriel Yorio was also present at the event, which took place within the framework of the 30th meeting…

Exchange rate today The exchange rate was trading at 17.41 pesos per dollar this morning, an appreciation of 1.03% compared to Monday’s closing price recorded by the Bank of Mexico. In the United States, inflation stood at an annual rate of 3.2% in October, below the market expectation of 3.3%. With these results, the chances of an increase in interest rates by the Federal Reserve in December decrease. Recently, Goldman Sachs economists pointed out that “the hardest part of the fight against inflation seems to be over” and that the first drop in interest rates is expected to occur in…

National legislation does not issue permits for specific minerals. And the last change to the mining reform included that only the State would be in charge of the production of the metal. “The president will soon announce the issue.”, I would wait for the president himself to report it, but we are doing well. I can’t give that scoop,” said former secretary Rocío Nahle, In a recent interview with Expansion , leaving open the possibility that the production concession will be granted to the state-owned LitioMx. Pablo Taddei, the director of the state company, did not respond to a request…

China considers Taiwan part of its territory, to be recovered one day, and opposes any type of official relationship between the island’s authorities and foreign governments. The State Department insisted that this first aid program does not imply any recognition of Taiwan’s sovereignty. “Consistent with the Taiwan Relations Act and our long-standing one-China policy, which has not changed, the United States makes available to Taiwan the defense articles and services necessary to enable it to maintain a self-defense capability.” , declared a spokesperson for the agency. “The United States has an abiding interest in peace and stability in the Taiwan…

Advantages of buy now and pay later One of the advantages of this purchasing scheme is that it allows you to get out of any other financial commitment you have in what you start paying, explained Carmen Villaseñor, deputy director of financial education at Citibanamex; and Viviana Guevara from the Business School of the Universidad Panamericana (UP). This can be a good option if you are about to finish paying for some other purchase that you have put on hold, or so that you can free up the expenses of the end of year season, get past the January cost…

This led to the emergence of the first guides or references that sought to guide the preparation of sustainability reports and in some cases begin to standardize the information presented based on incipient sustainability indicators, which over time have resulted in standards, norms and directives. increasingly specific (by topics or sectors) in terms of what to communicate and how to present it, linking this information with the strategy and operation of the businesses, as well as with the significant impacts on their future financial performance. In this sense, we can see how today there is also greater interest on the…

Faced with these sudden changes, managers find themselves at a crossroads, since we must decide the direction we will take. We dedicate a significant part of our efforts to studying market needs, analyzing trends and looking to the future. This task provides us with valuable information about what lies ahead in various sectors. In fact, this evolution has forced us to completely rethink our business models and even our reason for being as companies. Consequently, clinging to the initial reason for the company can be what leads us to decline in the market, or if we think about it better,…

Although it has been highlighted that North American and Asian companies have identified Mexico as the nerve center for reducing production costs, as well as making their logistics processes more efficient, where is the plan to provide well-being to collaborators in the territory? national and that complies with the regulations to avoid and prevent accidents? Worldwide, it is estimated that 1,000 people die every day due to work accidents and another 6,500 die due to occupational diseases, according to the International Labor Organization; which represents losses of around 4% of the world’s Gross Domestic Product. Furthermore, workers and their families…