Federal Reserve Chairman Jerome Powell warned on Wednesday that in the second quarter the US economy is going to contract to an “unprecedented” level, on a day in which the data for the first quarter indicated a severe blow to the coronavirus pandemic to the economy. Read Price of the dollar today Wednesday April 29, … Read more
In addition to lowering its interest rate by 50 basis points, to a level of 6 percent, Banco de México (Banxico) announced a series of measures to provide liquidity for the healthy development of the financial system. Taken together, the actions approved support the functioning of the financial system, up to 750 billion pesos. Read … Read more
Given the scenario of economic recession in Mexico and the world, dependence on credit is increasing. Almost 70% of people who lost a job due to the coronavirus are already taking on more debt than expected with their credit cards; while 60% of those who suffered a cut in labor income use more more credit, … Read more
Tokyo Japan. By Naomi Tajitsu and Maki Shiraki – (Reuters) – In China’s Jiangsu province, where supply chains have been hit hard by the coronavirus outbreak, a car supplier has already shifted parts production for Mazda Motor Corp to 13,000 kilometers away, to the state of Guanajuato, in central Mexico. Betting to keep production lines … Read more
Until three weeks ago, the Mexican peso was the star coin of the countries emergents. Today, it is the most losing since then. The reason? A mass sale of pesos made by speculators for cover losses of a record number of contracts that they were betting on a rise in the Mexican currencyexperts said. In … Read more
<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = " Council explained United nations For Trade and Development stats Chinese companies It indicates an annual decline of 2 percent in production China, Resulting in a supply contraction Automotive industries Chemicals, communications and other industries in a number of countries, which in turn … Read more