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☆ JPMorgan boss Jamie Dimon warns it's too early for a Fed victory lap, as inflation 'may not go away that quickly'
▼ + stars: | 2023-11-15 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Markets are probably overreacting to the October inflation data, according to Jamie Dimon. The JPMorgan CEO told Bloomberg that he's "afraid inflation may not go away that quickly". AdvertisementThe Federal Reserve shouldn't call time on its inflation fight just yet, according to Jamie Dimon. "I'm afraid inflation may not go away that quickly," Dimon added. AdvertisementThe JPMorgan boss isn't the only big name on Wall Street telling markets not to put too much stock in Tuesday's CPI print.

Persons: Jamie Dimon, —, Stocks, Dimon, El Financiero, that's, Dimon –, they've, isn't, Ken Griffin Organizations: JPMorgan, Bloomberg, Service, JPMorgan Chase, El Financiero Bloomberg, CPI, Billionaire Citadel

☆ Mexico's Sheinbaum Holds 18 Point Lead in Presidency Race -Poll
▼ + stars: | 2023-10-31 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

MEXICO CITY (Reuters) - Former Mexico City Mayor and ruling party candidate Claudia Sheinbaum holds an 18 percentage point lead over her nearest rival in the race to win Mexico's next presidential election on June 2, an opinion poll showed on Tuesday. Sheinbaum has the firm backing of popular President Andres Manuel Lopez Obrador, who cannot seek reelection. A third presidential hopeful, Nuevo Leon state Governor Samuel Garcia of the center-left Citizens' Movement (MC) party, was polling 8 percent support. Respondents in the newspaper's poll suggested that those characteristics did not play in either candidate's favor. El Financiero said its poll had an overall margin of error of plus or minus 2.4 percentage points.

Persons: Claudia Sheinbaum, Mexico's, El Financiero, Sheinbaum, Xochitl Galvez, Andres Manuel Lopez Obrador, Galvez, Samuel Garcia, Lopez Obrador, Sheinbaum's, Dave Graham, Jonathan Oatis Organizations: MEXICO CITY, Mexico City Mayor, Regeneration, Nuevo, ' Movement Locations: MEXICO, Nuevo Leon, Mexico, Europe

☆ Mexico's Sheinbaum holds 18 point lead in presidency race -poll
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

Former Mexico City Mayor Claudia Sheinbaum gestures as she speaks on the day she is certified as presidential candidate for the ruling National Regeneration Movement (MORENA) party during a ceremony, in Mexico City, Mexico September 10, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Oct 31 (Reuters) - Former Mexico City Mayor and ruling party candidate Claudia Sheinbaum holds an 18 percentage point lead over her nearest rival in the race to win Mexico's next presidential election on June 2, an opinion poll showed on Tuesday. Sheinbaum has the firm backing of popular President Andres Manuel Lopez Obrador, who cannot seek reelection. A third presidential hopeful, Nuevo Leon state Governor Samuel Garcia of the center-left Citizens' Movement (MC) party, was polling 8 percent support. El Financiero said its poll had an overall margin of error of plus or minus 2.4 percentage points.

Persons: Mexico City Mayor Claudia Sheinbaum, Henry Romero, Claudia Sheinbaum, Mexico's, El Financiero, Sheinbaum, Xochitl Galvez, Andres Manuel Lopez Obrador, Galvez, Samuel Garcia, Lopez Obrador, Sheinbaum's, Dave Graham, Jonathan Oatis Organizations: Mexico City Mayor, Regeneration, REUTERS, MEXICO CITY, Nuevo, ' Movement, Thomson Locations: Mexico City, Mexico, MEXICO, Nuevo Leon, Europe

☆ Mexico sees solid economic expansion but price pressures persist
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Yorio said he sees annual inflation stabilizing at around 4.5% toward the end of the year. However, Bank of Mexico board member Jonathan Heath cautioned that the slowing pace of the inflation rate in recent months should not prompt premature celebration, local media outlet El Financiero reported on Wednesday. We still see a long battle ahead and this inflation phenomenon has really been much more complex than we would have imagined," said Heath. His comments come as the central bank has kept its benchmark interest rate at 11.25% since March, following a nearly two-year rate-hike cycle. Reporting by Ana Isabel Martinez and Isabel Woodford; Writing by Sarah Morland; Editing by Stephen Eisenhammer and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Gabriel Yorio, Yorio, Jonathan Heath, we're, Heath, Ana Isabel Martinez, Isabel Woodford, Sarah Morland, Stephen Eisenhammer, Alistair Bell Organizations: MEXICO CITY, Mexican Senate, U.S, automaking, Bank of, El, Thomson Locations: MEXICO, Latin America, Mexican, Bank, Bank of Mexico

☆ Mexico's Sheinbaum favorite to win presidential nomination, poll shows
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

Former Mexico City Mayor Claudia Sheinbaum holds a rally at Macroplaza Iztapalapa, pursuing to be the ruling MORENA party's candidate for the 2024 presidential election, in Mexico City, Mexico, August 1, 2023. Sheinbaum's advantage was wider than the seven-point lead she held in an El Financiero poll conducted July 28-29. Sheinbaum was clearly ahead on all of the supplementary questions except for her knowledge of the country, where the experienced Ebrard narrowly beat her, El Financiero said. Sheinbaum, a close ally of Lopez Obrador, has been viewed for months as the one to beat. The popular Lopez Obrador cannot seek a second six-year term because Mexican law prohibits it.

Persons: Mexico City Mayor Claudia Sheinbaum, Iztapalapa, MORENA, Henry Romero, El, Marcelo Ebrard, Andres Manuel Lopez Obrador, Sheinbaum, Ebrard, El Financiero, Lopez Obrador, Lopez, Dave Graham, Jonathan Oatis Organizations: Mexico City Mayor, REUTERS, Regeneration, Thomson Locations: Mexico City, Mexico, MEXICO, El

☆ Mexico's Sheinbaum favorite to win presidential nomination, polls show
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +3 min

Former Mexico City Mayor Claudia Sheinbaum holds a rally at Macroplaza Iztapalapa, pursuing to be the ruling MORENA party's candidate for the 2024 presidential election, in Mexico City, Mexico, August 1, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Sept 5 (Reuters) - Former Mexico City Mayor Claudia Sheinbaum held a comfortable advantage in the race to be the leftist ruling party's 2024 presidential nominee, according to opinion polls published on Tuesday, the eve of the announcement of the winner. The Sept. 1-2 survey polled 500 Mexican adults and had a margin of error of plus or minus 4.4 percentage points. The Parametria survey had a margin of error of plus-or-minus 3.5 percentage points, and showed Ebrard was the best-known contender in the presidential contest, recognized by 73% of respondents compared to 67% for Sheinbaum. Sheinbaum, a close ally of Lopez Obrador, has been viewed for months as the one to beat.

Persons: Mexico City Mayor Claudia Sheinbaum, Iztapalapa, MORENA, Henry Romero, El, Marcelo Ebrard, Ebrard, Andres Manuel Lopez Obrador, Sheinbaum, El Financiero, Lopez Obrador, Lopez, Lopez Obrador's, Dave Graham, Jonathan Oatis, Ed Tobin Organizations: Mexico City Mayor, REUTERS, National Regeneration, Sheinbaum, Thomson Locations: Mexico City, Mexico, MEXICO, El, MORENA

☆ Mexico’s president is on the attack. It’s political ‘gold’ for his rival
▼ + stars: | 2023-07-22 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

Gálvez’s remarkable ascent comes as President Andrés Manuel López Obrador has levied a near-daily stream of attacks against her. The immensely popular López Obrador is barred under Mexican law from seeking re-election after completing his six-year term. However it dismissed a complaint from Gálvez that the president had violated laws against gender-based political violence. In the days since the ruling against him, López Obrador has moved between open disregard, winking half-measures, and begrudging obedience. López Obrador has sought to tie the candidate to the country’s historic ruling elite with the claims, which she has denied.

Persons: Mexico City CNN —, Xóchitl Gálvez, Andrés Manuel López Obrador, López Obrador, ”, Gálvez, “ AMLO, ” Enrique Quintana, “, Carlos Bravo Regidor, López, Morena, –, Lopez Obrador, Fernando Llano, — Gálvez, El Financiero, I’m, Arturo Ramos Sobarzo, —, Ildefonso Guajardo Villarreal Organizations: Mexico City CNN, Frente, El, Quarterly, Morena, Morena flagbearer, PAN, CNN, National Electoral Institute, Center for Investigation, Informatics, Mexico City’s Escuela Libre, Supreme Locations: Mexico, Mexico City

The FAA downgraded Mexico's aviation safety rating to Category 2 in 2021, citing safety deficiencies and blocking Mexican carriers from adding new U.S. flights. Since Mexico lost the rating, the FAA has conducted a series of audits on the local civil aviation authority and its compliance with international safety standards. Mexican newspaper El Financiero had earlier reported that Mexico had already recovered the safety rating, citing government sources, but a short time later backtracked on the initial report. In the two years since the FAA dropped Mexico to Category 2, the country has revamped its aviation standards, replacing officials and most recently overhauling its civil aviation law. Asked to comment on Mexico's air safety rating, an FAA spokesperson would only say the agency continues "to provide assistance to Mexico's civil aviation authority."

Persons: El Financiero, Andres Conesa, Kylie Madry, Adriana Barrera, Carolina Pulice, Ana Isabel Martinez, Brendan O'Boyle, David Alire Garcia, Diane Craft Organizations: MEXICO CITY, U.S . Federal Aviation Administration, FAA, El, U.S, Thomson Locations: MEXICO, Mexico, United States

[1/3] Mexico City's Mayor Claudia Sheinbaum speaks near Mexico's President Andres Manuel Lopez Obrador (not pictured) during a news conference at the Old City Hall (Antiguo Palacio del Ayuntamiento), in Mexico City, Mexico January 20, 2023. "If accidents continue, like a cable or the signal system breaks, the National Guard is not going to detect that or make a difference," Miranda said. A school collapse that killed 19 children in a 2017 earthquake happened on her watch as a district mayor of Mexico City. She filed a criminal complaint accusing two prior attorneys for the district of failing to enforce the law after discovering illegal construction, and became Mexico City Mayor in 2018. Now, Lopez Obrador has backed her decision to use the National Guard, in a clear sign of support for her.

☆ Analysis: Capture of El Chapo's son gilds Mexican president's patchy record on crime
▼ + stars: | 2023-01-06 | by ( Dave Graham | ) www.reuters.com time to read: +5 min

The arrest of Ovidio Guzman, son of captured kingpin Joaquin "El Chapo" Guzman, was a timely reversal of fortune for Lopez Obrador. However, the arrest, one of just a handful of major scalps Lopez Obrador has claimed, is unlikely to herald a major sea change in the battle on organized crime unless the government is more aggressive about going after gangs, analysts said. Lopez Obrador took office in 2018 vowing to get a grip on gang violence. And while Lopez Obrador is popular, his record on combating crime has consistently been viewed critically by voters. GOODWILLLopez Obrador's attitude to the Sinaloa Cartel has stirred up misgivings, particularly when he decided to greet El Chapo's mother on a trip to Sinaloa in 2020.

☆ Mexican president slams Peru's state of emergency, blasts U.S. official
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

Unrest in Peru erupted after the ousting of leftist President Pedro Castillo, who was arrested last week after trying to dissolve the country's Congress. "Force must not be used, the people must not be repressed and freedoms must be guaranteed," Lopez Obrador said during a regular news conference. Lopez Obrador took aim at the U.S. ambassador to Peru, Lisa Kenna, for meeting President Dina Boluarte, who replaced Castillo. "It may even be (U.S. Secretary of State Antony) Blinken of the State Department doesn't know about it, and it was down to the embassy," Lopez Obrador said. It also showed 51% of respondents felt Lopez Obrador should stay out of the affairs of other countries, with 39% saying he was right to give his views.

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