Analysis: Latam central banks look past COVID as inflation phantoms loom
Latin America’s central banks have become more hawkish as the region’s inflationary ghosts rattle their chains, with a recent pivot by the U.S. Federal Reserve further boosting market expectations of tighter monetary policies.
S&P Global cuts India’s growth forecasts, trims EM overall
S&P Global cut its growth forecasts for some of Asia’s top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.
Britain begins negotiations to join trans-Pacific trade deal
Britain will begin negotiations on Tuesday to join a trans-Pacific trade deal that it sees as crucial to its post-Brexit pivot away from Europe and towards geographically more distant but faster-growing economies.
Yellen tells Mexican counterpart G20 countries should back global minimum tax
U.S. Treasury Secretary Janet Yellen met with Mexican finance minister Arturo Herrera on Thursday, stressing the importance of securing support from the Group of 20 major economies for a proposed global minimum tax, the Treasury said in a statement.
Mexican auto parts lobby sees chip supply crunch over by December
Mexico’s main autopart association INA forecasts that the severe semiconductor chip shortage that has slammed the brakes on the global auto industry will subside in July and return to normal by the end of this year.
U.S. forming expert groups on safely lifting global travel restrictions
The Biden administration is forming expert working groups with Canada, Mexico, the European Union and the United Kingdom to determine how best to safely restart travel after 15 months of pandemic restrictions, a White House official said on Tuesday.
EXCLUSIVE Mexico not eyeing tax hikes in fiscal reform -deputy finance minister
Mexico’s government does not envisage tax increases in an upcoming fiscal reform plan, but will consider closing loopholes, improving taxing efficiency and expanding the taxable base, Deputy Finance Minister Gabriel Yorio said on Tuesday.
Fresh GM union vote in Mexico headed for delay – sources
A key workers’ vote at a General Motors Co (GM.N) plant in Mexico that has drawn scrutiny from the Biden administration over alleged rights violations is slated to be delayed past a deadline set by Mexican authorities.
Analysis: Rail accident rattles Mexico’s presidential succession favorites
The dramatic collapse of a rail overpass in Mexico City that killed at least 24 people has dealt a blow to two of President Andres Manuel Lopez Obrador’s most senior aides, who are widely viewed as the leading candidates to succeed him. Monday night’s accident has stirred up concern about the city’s infrastructure, in particular […]
Families tell of desperate searches after Mexico metro collapse
Samuel Del Aguila’s son was on his way home from his job at the airport in Mexico City on Monday night when his family saw the first news reports about a deadly metro train accident. When 29-year-old Immer did not arrive home at the usual time, his family started to worry, and began calling his […]
