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...Panama’s bonds lost their investment grade rating from Fitch on Thursday, months after the country decided to close one of the world’s largest copper mines, which exacerbated fiscal pressures....
...His conviction was a spectacular fall for the one-time close ally to the US, who was arrested just weeks after leaving office in 2022....
...Panama, once Latin America’s star economy, is close to losing its investment-grade status as another ratings demotion looms, with the next president set to inherit its biggest economic challenge in decades...
...The conviction on Friday capped a spectacular fall for the former leader, a one-time close ally of the US government who was arrested just weeks after he left office in 2022....
...Mexico’s foreign ministry said it would not respond to anonymous accusations by former US agents with “personal agendas”, but it added recent close co-operation has led to the extradition of El Chapo’s son...
...christine.murray@ft.com...
...Eurozone inflation slowed from above 10 per cent in 2022 to 2.6 per cent in February, bringing it tantalisingly close to the ECB’s 2 per cent target....
...In Mexico, President Andrés Manuel López Obrador has been criticised for nominating central bank board members seen as close to him, including its first female governor, Victoria Rodríguez....
...Over decades the two have formed a close, if unlikely, partnership bringing together the telecoms mogul with the president, a leftist former protest leader....
...Her rival is Xóchitl Gálvez, a self-made businesswoman of humble roots with the rightwing National Action Party (PAN) who has so far struggled to break through and will be trying to close a double-digit...
...“Presidents elsewhere in the region are paying close attention to the outcome,” Flores-Macías said. “There’s a sense that this may be a new blueprint to follow.”...
...Christine Lagarde is performing poorly or very poorly as president of the European Central Bank, according to most respondents in a union survey of its staff that suggests internal dissent has surged in...
...The European Central Bank meets next week, with several top officials — including president Christine Lagarde — having recently pushed back against investors’ calls for interest rate cuts over spring....
...European stocks closed higher on Friday after dovish comments from European Central Bank president Christine Lagarde and an unexpected decline in US wholesale inflation boosted hopes for interest rate cuts...
...But its president Christine Lagarde told reporters that a small minority of policymakers had argued for an immediate cut....
Optimism infects business leaders in Monterrey as manufacturers shift operations close to the US
...The region’s major indices were close to flat shortly after the opening bell....
...As calls grew to close the site, copper rallied 6 per cent in the past five weeks, taking the price to $8,550 per tonne....
...Her ill-judged answer was: “We are not here to close spreads.”...
...European stocks closed higher on Thursday, despite surrendering some of their earlier gains after European Central Bank president Christine Lagarde pushed back against rate cut expectations....
...Claudia Rodríguez — a close collaborator who previously worked for the Bukeles’ family business — will assume the presidency in the interim period....
...France’s CAC 40 added 0.3 per cent to a record high close, surpassing its previous peak set in late April....
...“There are no hurricanes on record even close to this intensity for this part of Mexico,” said Eric Blake, the centre’s senior hurricane specialist....
...The moves came as Christine Lagarde, the ECB president, reiterated that rates were unlikely to fall anytime soon and that job growth “may lose momentum” towards the end of the year....
...In contrast, in the eurozone the annual pace of inflation dropped to 2.4 per cent in March, close to the ECB’s 2 per cent target, while growth also remains comparatively sluggish....
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