Chinese officials, led by President Xi Jinping, have pledged to revive the country’s economy this spring. The aim is to repair the damage caused by years of “zero corona” policies and tightening regulations, but it seems that the withdrawal of funds generated by one of the world’s largest investors is unstoppable. Two pioneering Chinese private … Read more
Warren Buffett, a well-known US investor, has invested in Chinese electric vehicle (EV) maker BYD.BYD), the world’s largest semiconductor contract manufacturing company, Taiwan Semiconductor Manufacturing Co., Ltd.TSMC) was evaluated as a “great company”. However, he has not stopped selling both stocks. Buffett, chairman and CEO of investment and insurance firm Berkshire Hathaway, said in an … Read more
Billionaire investor Warren Buffett said on Thursday that more U.S. bank failures are likely, but depositors can rest assured they won’t lose their money. “Bank failures aren’t over,” Buffett, who heads investment and insurance firm Berkshire Hathaway, said in an interview with CNBC, adding that the “silly decisions” of bank management “displaced all Americans from … Read more
“Two years ago I checked it (the amount of the debt) and it was almost 2 million pesos. Now that it has moved to pesos, it is a more reasonable amount, ”said Mrs. Esther Mendoza to Expansión, to whom the institute lent around 268,000 pesos in 1998 to buy her house. Now, he added, the … Read more
Another challenge looms for monetary authorities trying to keep inflation under control. Surprise production cuts decided by “OPEC Plus”, which consists of the Petroleum Exporting Organization (OPEC) and major oil-producing countries that are not members. Crude oil prices are on the rise again, and the financial authorities are likely to be forced to make a … Read more
The investment losses that led to the failure of Silicon Valley Bank (SVB) are, to varying degrees, a problem that exists throughout the U.S. financial system. The unrealized book losses of the U.S. banking industry on investments in low-yield bonds totaled $620 billion at the end of last year. For many banks, this is a … Read more
What is the Credit Bureau? The Credit Bureau is a Credit Information Society that provides reliable data of people and companies that have had or have some type of credit with financial entities, commercial companies or Multiple Purpose Financial Companies (Sofomes). Check Free Credit Bureau with Condusef Request a special credit report by email asesoria@condusef.gob.mx … Read more
As we enter the final week of March, global financial markets are gearing up for another potential turmoil. Worries about banks have dominated sentiment in the U.S. and Europe this month, complicating efforts by the U.S. and other Fed officials to curb inflation. In the Sydney foreign exchange market on the morning of the 27th, … Read more
According to the latest National Survey of Financial Inclusion (ENIF), 79% of the Mexican population between the ages of 18 and 70 use cash for payments greater than 501 pesos; In addition, the Association of Banks of Mexico (ABM) shows that 53% of adults in the country do not have a bank account. Requirements In … Read more
A handful of regional banks that, just a few weeks ago, were small players in the giant U.S. banking system, are now at the epicenter of a crisis that has rocked America. The turmoil at regional banks has also involved billionaire investor Warren Buffett and JPMorgan Chase & Co. CEO Jamie Dimon. Mr Warren Buffett … Read more