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☆ Druckenmiller says he bought five Argentinian stocks, praises Javier Milei's policies
▼ + stars: | 2024-05-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"The only free market leader in the world right now, bizarrely, is in Argentina of all places," Druckenmiller said. Milei took office in December, promising economic reforms after Argentina was hit hard by inflation. I bought all of them, we did some work on them, I increased my positions," Druckenmiller said. ARGT 1D mountain The Global X MSCI Argentina ETF rose on Tuesday morning. The Global X MSCI Argentina ETF (ARGT) , which includes many of the stocks listed above, rose more than 1% in premarket trading Tuesday.

Persons: Stanley Druckenmiller, Druckenmiller, Javier Milei, Milei, Soros, Duquesne, it's Organizations: Economic, Duquesne Family, Grupo, Arcos, Banco BBVA Argentina, Mercadolibre, Grupo Financiero Galicia, Banco Locations: Argentina, Davos, U.S, Americas

☆ Lightning Round: SoundHound is losing money, it's no good for me, says Jim Cramer
▼ + stars: | 2024-05-02 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: SoundHound is losing money, it's no good for me, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: OneMain Holdings, SoundHound AI, Cracker Barrel, Grupo Financiero, General Motors, and more.

Persons: SoundHound, Jim Cramer Organizations: OneMain Holdings, Financiero, General Motors

☆ HSBC to sell Argentina business in $550 million deal
▼ + stars: | 2024-04-09 | by ( Diksha Madhok | ) edition.cnn.com time to read: +1 min

CNN —HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in the country, for $550 million, the UK-based bank said on Tuesday. The sale is expected to lead to a $1 billion pre-tax loss for HSBC in the first quarter of this year, the statement added. “HSBC Argentina is largely a domestically focused business, with limited connectivity to the rest of our international network,” Quinn said, adding that the unit “generates substantial earnings volatility” for the bank. “Galicia is better placed to invest in and grow the business,” he said. The bank, Europe’s biggest by market value, reported a big drop in quarterly profit in February, partly because of its exposure to China’s troubled real estate industry.

Persons: Noel Quinn, ” Quinn, ” Organizations: CNN, HSBC, Grupo Financiero, “ HSBC Locations: Argentina, Grupo Financiero Galicia, Asia, United States, France, “ HSBC Argentina, “ Galicia, China

Milei's dollar plans, however, put pressure on the embattled peso currency, which is held in check by strict capital controls. The official exchange rate is near 350 per dollar, but dollars trade well over twice that in popular parallel markets. Milei said in the run-up to the election he wanted to ditch the peso altogether in favour of the dollar. Milei had also heavily criticised China and Brazil in the runup to the elections, two of Argentina's main trading partners. China said on Tuesday it would be a "serious mistake" if Milei opted to cut ties between the two countries.

Persons: dollarization, Javier Milei, Miel, Milei, Morgan Stanley's, Viktor Szabo, Banks, Banks Grupo Supervielle, Marc Jones, Elizabeth Howcroft, Mayur Kamdar, Karin Strohecker, Bernadette Baum, Emelia Organizations: Argentina, Abrdn, U.S ., Banks Grupo, Banco, Banco BBVA Argentina, Grupo Financiero, Thomson Locations: BUENOS AIRES, MERV, London, Argentina, U.S, Grupo Financiero Galicia, China, Brazil

☆ Argentina oil company YPF spikes 40% as investors cheer president-elect Milei's promises to revamp the economy
▼ + stars: | 2023-11-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Shares of state-oil firm YPF soared 40% on Monday after Javier Milei's presidential victory. Milei has promised to revamp the Argentine economy, and also said he would seek to privatize YPF. Milei won the Argentine presidential election Sunday against Economy Minister Sergio Massa. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementArgentine state energy company YPF saw its New York-listed shares spike more than 40% on Monday, following Javier Milei's presidential election victory on Sunday.

Persons: Javier Milei's, Milei, Sergio Massa, —, Spain's Repsol, YPF Organizations: Argentine, Economy, Service, Reuters, Grupo Financiero Galicia, Banco Locations: Argentine, YPF, York, Spain's, Argentina, New York

☆ Argentine ETF trading surges after election, led by small investors
▼ + stars: | 2023-11-20 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

The Global X MSCI Argentina ETF , which offers exposure to a basket of the country's most liquid stocks, soared more than 13% on Monday and hit its highest level since September. While the South American country's markets are closed on Monday for a local holiday, U.S.-listed shares of Argentinian companies also surged in U.S. trading. The gains for the ETF came through large amounts of small trades, Todd Sohn, an ETF analyst at Strategas in New York, said. By mid-morning, the value of trading in the ETF had topped $11 million, compared with average of about $1 million a day throughout 2023. "These small country funds are ideal vehicles for small day traders who jump on events" like Sunday's presidential election in Argentina, Sohn said.

Persons: Agustin Marcarian, Argentina's Javier Milei, Todd Sohn, Sohn, Suzanne McGee, Megan Davies, Andrew Heavens Organizations: REUTERS, Argentina ETF, Management, Inc, U.S, Banco, Grupo Financiero, Thomson Locations: Buenos Aires, Argentina, American, New York, ARGT, Grupo Financiero Galicia

☆ Can Argentina really move from the peso to the dollar?
▼ + stars: | 2023-11-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

2 economy and ditch its peso currency in favor of the US dollar. Milei must tackle inflation above 140%, a shortfall in foreign currency reserves and the prospect of another painful recession. Argentina’s financial markets are closed Monday for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. Bruno Gennari, Argentina expert at fixed income broker dealer KNG Securities, said the peso was trading at $1,009 versus the dollar on crypto exchanges Monday, considerably weaker than the $869 and $975 rates seen on Friday. Dollarization means Argentina would give up the peso and use the US dollar as its currency, effectively wresting control of monetary policy from the country’s central bank and handing it to the US Federal Reserve.

Persons: London CNN — Javier Milei, Sergio Massa, Milei, ” —, —, ” Milei, ”, “, Bruno Gennari, Javier Milei, Natacha, dollarization, ” William Jackson, “ It’s, Thierry Larose, ” Larose, Kristalina Georgieva, Jackson, — Valentina Gonzalez, Stefano Pozzebon, Olesya Dmitracova Organizations: London CNN, Libertad Avanza, Peronist, “, ” Financial, Argentine, State, Banco, Grupo Financiero Galicia, KNG Securities, US Federal Reserve, AP, Capital Economics, Vontobel, Management, CNN, Monetary Fund, Bank, IMF, Reuters Locations: Argentina, New York, Brazil, Mexico, Dollarization, Argentina’s, Zurich, dollarization, Washington, DC, Argentine

☆ 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, 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 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 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

MEXICO CITY, July 20 (Reuters) - Mexico's Grupo Financiero Banorte (GFNORTEO.MX) reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better results in its insurance and annuities and trading units. Revenue for the group, which owns one of the country's largest banks and pension funds, totaled 33.06 billion pesos in the quarter, up 19% from a year earlier. The bank's performing loan book saw a 12% bump from the year-ago period, with double-digit growth in nearly all divisions. Loan-loss previsions, however, also jumped 66% from the year-ago period to 4.04 billion pesos, with cost of risk shooting up to 1.66% from 1.13%. Banorte will also grow by some 1,300 account managers in the next few months in its business and corporate sectors, Ramirez said.

Persons: Banorte, Marcos Ramirez, Ramirez, Carolina Pulice, Kylie Madry, Stephen Coates Organizations: MEXICO CITY, Financiero, Thomson Locations: MEXICO

MEXICO CITY, July 13 (Reuters) - The Mexican government is no longer interested in purchasing Citigroup's (C.N) local retail arm, known as Banamex, a government spokesperson said on Thursday, adding that the U.S. bank "chose a different path" for its unit. Deputy Finance Minister Gabriel Yorio told Reuters at the time that Mexico could pursue a total or partial acquisition of the unit. Government spokesperson Jesus Ramirez did not immediately respond when asked which path the U.S. bank is taking. Before Citi's decision to list Banamex, banking sources said mining conglomerate Grupo Mexico (GMEXICOB.MX) had been eyeing the unit for around $7 billion. Reporting by Valentine Hilaire; Editing by Brendan O'Boyle and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Gabriel Yorio, Jesus Ramirez, Lopez Obrador, Valentine Hilaire, Brendan O'Boyle, Jamie Freed Organizations: MEXICO CITY, Citi, Reuters, Government, Grupo Mexico, German, Grupo, Spain's Banco Santander, Thomson Locations: MEXICO, U.S, Mexican, Mexico

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

☆ BBVA, Santander, Bank of America want to back Mexico's $6 billion power deal, Bloomberg reports
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Spanish utility company Iberdrola is seen outside its headquarters in Madrid, Spain, May 23, 2018. REUTERS/Sergio Perez/File PhotoApril 13 (Reuters) - Banco Bilbao Vizcaya Argentaria (BBVA.MC), Banco Santander SA (SAN.MC) and Bank of America Corp (BAC.N) together plan to fund Mexico's $6 billion deal to purchase power plants from Spain's Iberdrola (IBE.MC), Bloomberg News reported on Thursday citing people familiar with the talks. The three lenders are among a consortium looking to finance the deal, the report said, with local banks such as Grupo Financiero Banorte and billionaire Carlos Slim's Grupo Financiero Inbursa also interested. The Bank of America declined to comment on the report, while Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Iberdrola did not immediately respond to Reuters' requests for comment. Reporting by Nilutpal Timsina in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico's Banorte to add 800 jobs to tap into nearshoring
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 29 (Reuters) - Mexican lender Grupo Financiero Banorte (GFNORTEO.MX) is preparing to hire 800 new employees to tap into growing demand from global companies moving their manufacturing operations to Mexico, its chairman told Reuters. The bank, which is one of Mexico's largest and already employs more than 30,000 people in the country, needs to grow its workforce to tap into the so-called nearshoring opportunity, Chairman Carlos Hank Gonzalez said on Tuesday. "We're adding about 800 people to our workforce to be able to capitalize on the opportunities ... 800 people that we're going to integrate just to be able to capitalize on the opportunities for nearshoring," he said. Mexico's top banks and the government alike are increasingly bullish on the country's nearshoring opportunity, with exports expected to soar. A spokesperson for the bank clarified this would be in addition to the 800 being hired in the main unit to cater to the nearshoring trend.

☆ Mexico's Banorte targets 3 mln customers for new digital bank -chairman
▼ + stars: | 2023-03-28 | by ( Saeed Azhar | ) www.reuters.com time to read: +1 min

NEW YORK, March 28 (Reuters) - Mexican lender Grupo Financiero Banorte (GFNORTEO.MX) is preparing to launch a digital bank late this year or in early 2024, which it hopes will add about 3 million customers, its chairman said on Tuesday. "We're expecting the last phase of approvals from the authorities," chairman Carlos Hank Gonzalez told Reuters in an interview about the new digital bank. Rafael Arana, the lender's finance chief, said the digital bank already has 200 staff, which could increase to 600 and 800 after it opens. The business will compete with Brazilian digital bank Nubank, which has aggressively expanded in Mexico and signed up 3.2 million customers. Banorte's digital bank plans to add 3 million customers after learning from its experience of offering credit card applications via mobile phones, Arana said.

☆ Mexican stocks are on fire this year. Here's what's driving the gains
▼ + stars: | 2023-03-12 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Closer supply chains to the U.S. are giving Mexican stocks a big boost to start the year. The iShares MSCI Mexico ETF (EWW) , which is made up of Mexican stocks, is performing even better — up 15.2%. EWW YTD mountain EWW in 2023 One key factor driving this early outperformance is "nearshoring," which refers to companies bringing supply chains closer to their home country. In this case, many U.S.-based companies are moving their supply chains to neighboring Mexico, which could lead to even more gains in Mexican stocks. Lippmann said the firm likes stocks directly helped by nearshoring trends, such as the real-estate firm Vesta and airport operator OMA .

[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.

☆ How Ana Botín can defeat the Santander sceptics
▼ + stars: | 2022-12-21 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, Dec 21 (Reuters Breakingviews) - Investors aren’t buying what Ana Botín is selling. That’s striking because analysts expect Santander to earn a respectable 11% return on tangible equity (ROTE) over the next 12 months. One way to express the dissonance between those numbers is to infer the return investors require to hold the bank’s shares. To shed that discount, Botín must prove Santander is the best owner of its component bits. The group generated an annualised return on tangible equity of almost 14% in the first nine months of 2022.

☆ 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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