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...Take me to a vine-shaded terrace in Tuscany . . . £14.99 (for 75cl bottle), 1.5 litre magnum for £28.99 Waitrose Marchiori & Barraud Malbec 2022 Mendoza (14.5%)Bittersweet and completely unlike most Argentine...
...Five more top stories 1....
...Of 1,700 institutions that applied for arts funding over the next three years — a record number, according to Mendoza — 990 were successful, including existing recipients such as the Yorkshire Sculpture...
...Goldman Sachs cited banking stress, recession fears, and surging volatility as it slashed its Brent price forecast for 2023 by $7/b, to $85/b....
...The Hwasong-17 reached an altitude of more than 6,000km — the highest a North Korean missile has ever flown — and travelled 1,080km from its launch site near Pyongyang, according to South Korea. 2....
...Public disappointment lingers over the failure to deliver on the promise of inclusive growth after the People Power uprising, Mendoza said....
...on López Obrador to act....
...to recover by only 4.1 per cent this year, according to a consensus compiled by Citibank....
...While the US economy grew at a 3.1 per cent annualised pace in the first quarter, the Federal Reserve Bank of Atlanta’s latest tracking estimate is for second-quarter growth of just 1.2 per cent....
...“That’s a 17 per cent increase on last year’s dividend.” Inditex has 7,490 stores in 96 markets worldwide....
...fact, the central bank revised down its forecasts for GDP growth to between 1.7 and 2.7 per cent for 2019....
...of 1.7 per cent in 2019....
...Should the administration further vex investors and deter even more investment, GDP growth could fall below 1 per cent....
...In the year to November, sales in Mexico fell 6.7 per cent....
...August 17 — but was 0.1 per cent higher versus sterling at £0.8842 — after the release of the PMI figures, which showed the headline reading for falling to 52.7 in October, the lowest figure for 25 months...
...Shares in the electric carmaker jumped more than 7 per cent in after-market trading on Tuesday....
...Prices range from $300,000 to $1.3m....
...The peso was also in rally mode, rising 1.2 per cent for its third straight day of gains....
...per cent Weaknesses External deficit The current account deficit has widened from 1.7 per cent of GDP to an estimated 3 per cent in recent months Debt The rupiah has fallen 9.1 per cent against the dollar...
...Announcing in February a $5.5bn bailout for Pemex, Mexico’s troubled national oil company, President Andrés Manuel López Obrador held out a promise of renewal....
...Pound earns a break — Just a 0.7 per cent range on Monday for a pound stuck at about $1.2850....
...• Mexican maverick nationalist Andrés Manuel López Obrador will easily win the July 1 election. But on July 2, he will make soothing noises and the peso will rally....
...Latin America is not compellingly cheap at present, trading at a trailing price/earnings multiple of 17.7, according to MSCI. The p/e for emerging markets as a whole is 15.1....
...The preliminary result generated a strong rally, pushing the currency 1.7 per cent upwards to trade as high as 18.32 pesos and beyond the May 25 level of 18.34, its previous high of the year....
...The region as a whole trades at a trailing price/earnings multiple of 17.7, according to MSCI, which is above the p/e for emerging markets as a whole, of 15.1....
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