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Sharay Angulo

LatAm's big two central banks warn of weakening growth, inflation outlook

Aug 21 2019

BRASILIA/MEXICO CITY The heads of the Mexican and Brazilian central banks said separately on Wednesday that sluggish global and domestic economic growth is putting downward pressure on inflation, suggesting that interest rates in both countries will be cut again soon.

Surprise rate cut in Mexico 'no use' for growth in short term

Aug 16 2019

MEXICO CITY The Mexican central bank's surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say.

Mexican former minister detained, deepening president's anti-graft quest

Aug 13 2019

MEXICO CITY A judge ordered a former Mexican Cabinet minister to be detained pending a trial over suspected losses to taxpayers, her lawyer said on Tuesday, opening a new front in President Andres Manuel Lopez Obrador's campaign to eradicate corruption.

Mexico's dependence on U.S. demand spells trouble for weak economy

Aug 01 2019

MEXICO CITY Under the threat of U.S. trade tariffs, Mexico's president has pledged to make his country less reliant on U.S. demand. But exports to its northern neighbor have been one of the few things driving Latin America's second-largest economy this year.

Last Volkswagen Beetle drives into the sunset

Jul 11 2019

PUEBLA, Mexico Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward SUVs. | Video

Top Mexico business lobby seeks to lift private sector investment

Jun 13 2019

MEXICO CITY An influential Mexican business lobby on Thursday said it is aiming to increase private investment in the next two years to 20% of gross domestic product, up from 17.5%, signaling a shift towards better collaboration with the leftist president.

UPDATE 1-Mexico must boost Pemex creditworthiness -central bank chief

Jun 12 2019

MEXICO CITY, June 12 Mexico should reinforce Pemex's creditworthiness after recent downgrades given the state oil company's importance for the economy, public finances and the financial system, Central Bank Governor Alejandro Diaz de Leon said on Wednesday.

Mexico central bank chief flags concern over ratings setbacks

Jun 11 2019

MEXICO CITY Mexico's government must address concerns flagged by rating agencies over the sustainability of the country's finances following debt downgrades last week, Mexican Central Bank Governor Alejandro Diaz de Leon said on Tuesday.

BMW sells cars globally despite tariffs, no reason to change Mexico plans - board member

Jun 07 2019

SAN LUIS POTOSI, Mexico BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. | Video

BMW sells cars globally despite tariffs, no reason to change Mexico plans - board member

Jun 07 2019

SAN LUIS POTOSI, Mexico BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. | Video

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