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...Mexico’s economy, the second largest in Latin America, has been relatively resilient, with growth of 3.3 per cent last year and unemployment at historic lows....
...A former official of the state-owned Banco Nacional de Cuba jailed in Cuba for 13 years for his role in the affair gave testimony to the court in London by video from Havana and “exposed clearly how these...
...Citi bought Banamex, one of Mexico’s oldest and most prestigious bank brands, for $12.5bn in 2001 to much fanfare....
...“A week doesn’t go by for us without meeting Chinese, Korean, Japanese executives, looking to open offices or a plant,” said Lorenzo Barrera Segovia, chief executive of Banco Base, a bank based in the city...
...Conservative activist group Unión Nacional de Padres de Familia won a case that could make use of the textbooks illegal, while several opposition-run states have said they will not distribute them....
...Grupo México and Apollo declined to comment. Citi bought Banamex in 2001 when it was Mexico’s second-largest bank with a long prestigious history....
...Economists polled by Citi expected Banco de México to postpone rate cuts until December — and then are expected to cut them by just a quarter point....
...The army has been pressed into service to help build 2,700 branches of the state-run Banco de Bienestar, two aqueducts and a new airport planned for the Maya Riviera resort of Tulum....
...Chile is the latest in a series of countries seeking greater control over key mineral resources, after Mexico nationalised its lithium industry last year and Zimbabwe banned unprocessed lithium exports....
...Mexico’s highly concentrated and profitable banking sector is changing with Citigroup’s ongoing sale of one of the country’s oldest banks, Banamex....
...Banco de México said it anticipated reaching its target of 3 per cent inflation by the third quarter of 2024....
...Banco de México slightly revised its inflation targets, saying in a statement, “For the short term, the forecasts for general inflation show marginal downward revisions, while those corresponding to core...
...“A more market-friendly figure could be good news,” said Rafaela Vitoria, chief economist at Banco Inter....
...Banco de México increased the rate to 10.5 per cent, and said that more increases would follow....
...Thursday’s inflation report comes ahead of the Banco de México’s December 15 rate decision, when the central bank is expected to raise its reference rate by 0.50 percentage points, after four consecutive...
...Banco de México raised its reference rate 0.75 percentage points for the third straight meeting, in a move that was widely expected by analysts....
...“It means losing the most important institution Mexico has created since founding Banco de México a century ago,” historian Enrique Krauze said of the electoral reform....
Plus, the UK seeks to hold the finance sector accountable for its role in environmental crimes
...Alan Alanis, chief equity strategist for Latin America and Mexico at Banco Santander, said: “We believe policymakers intend to make new water permits harder to obtain, especially those for producing in the...
...The news of the Banamex unit’s sale or spin off comes at a time of political and regulatory upheaval in Mexico as President Andrés Manuel López Obrador implements an idiosyncratic agenda of fiscal austerity...
...The group said it would retreat from consumer and small and medium-sized business banking in Mexico, which it mostly conducts via its Banamex subsidiary....
...Subsidiaries in Portugal, Chile, Mexico and the US helped the lender raise its full-year return on tangible equity to almost 13 per cent....
...Despite this, Díaz de León cautioned that Mexico was not necessarily targeting substantial future rate rises....
...Rodríguez Ceja, who is set to take over from governor Alejandro Díaz de León on January 1, has vowed to fight inflation, not touch international reserves and maintain the bank’s autonomy....
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