:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/IQCIC2HO55G3PFW2DOJOSXXFM4.jpeg?fit=%2C&ssl=1 "Morgan Stanley and Bank of America ‘are misinformed’: Sheinbaum – El Financiero")
“Mexico is sovereign,” responded the president-elect, Claudia Sheinbaum, to the investment banks Morgan Stanley and Bank of America, which, she said, “are misinformed,” because with the reform to the Judicial Branch “we are going to have a better justice system in Mexico”. “They don’t have to worry,” because “their investments will be even more protected,” … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/J2RXFEK7EVC7JLH7SEUZ7X6RUU.jpeg?fit=%2C&ssl=1 "‘They wish to pin one thing on me that does not belong to me’ – El Financiero")
Alejandro Moreno is as soon as once more going through criticism and maintains that he’s not answerable for the PRI’s defeats over the past 5 years as nationwide chief of the PRI. “They wish to pin one thing on me that’s not my duty. It’s the group that’s criticizing us at present, who created the … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/A4XTF2ARPVHLLCZJDC2KQKJJZA.jpg?fit=%2C&ssl=1 "Houston City Council Approves .5 Million for Texas Southern University Flight Academy at Ellington Airport")
Houston, Texas.- The deficit of commercial pilots in industrialized countries and leaders of commercial fleets is close to 60,000, according to Statista. The United States has a deficit of 20,629 and this has caused concern in different sectors, which is why the Houston City Council unanimously approved that Houston Airports use 5.5 million dollars from … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/6Z6HKYAFLJAQ3A4OYEEDSHFN3Y.jpg?fit=%2C&ssl=1 "Mortgage Companies in Mexico Project 10% Increase in Loan Placement for 2024")
Next year, mortgage companies in Mexico will place more than 617,733 million pesos in loans from Infonavit, commercial banks, brokers and Fovissste for the purchase of housing, improvements, remodeling and land acquisition. Although the rise in housing prices, the lack of property supply and increases in interest rates slowed down the placement of mortgage loans … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/WK7TEGB4P5GJ5ET2IBH43WBTQ4.jpeg?fit=%2C&ssl=1 "Consumer credit grows 13.4% in October, despite high interest rates")
Consumer credit maintained its dynamism in October with a growth of 13.4 percent annually in real terms, to a total of 1.38 trillion pesos, according to the current credit granted by commercial banks to the private sector published by the Bank of Mexico (Banxico). Although the data is solid, it marked a marginal moderation, since … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/V4P5KSFOWFDHPNGYBV3HV4A7D4.jpg?fit=%2C&ssl=1 "Mexico’s Consumption Accelerates with Record Growth in Credit Granting Despite High Interest Rates")
Despite high interest rates, consumption in Mexico is accelerating and recorded a real annual growth of 13.5 percent in September in the credit granted by commercial banking to the private sector, according to Banco de México (Banxico). This is its strongest growth since February 2013, when it expanded 14.8 percent in real terms and, furthermore, … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/5GYRE4PN6BFQ7FVD7JHIYZCGBQ.jpg?fit=%2C&ssl=1 "Cemex secures billion refinancing for loan extension")
The Mexican cement company Cemex refinanced a syndicated loan for 3 billion dollarsextending its expiration to 2028. In a statement, the company explained that the credit will allow Cemex to increase liquidity and flexibility. The refinanced contract consists of a five-year amortizable term loan for $1,000 million and a revolving loan committed to five years … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/KCXLWFSMTBCWVOBDKSGJGQX2UI.jpg?fit=%2C&ssl=1 "Commercial Banks Expect Surge in Automotive Credit in Mexico due to New Brands, Attractive Interest Rates, and Electric Vehicles")
The commercial banks view with appetite the behavior of financing or automotive credit in Mexico, given a greater availability of vehicles in agencies, the arrival of new brands, mainly Chinese, attractive interest rates and production and sale of electric vehicles in the country, which could lead to more than 90 billion pesos in credit to … Read more