The Bank of Mexico (Banxico) made a significant move on Thursday, September 26, 2024. Banxico reduced its benchmark interest rate by 25 basis points, from 10.75% to 10.50%. This decision marks the third consecutive rate cut in 2024, signaling a shift towards a more accommodating monetary policy. Banxico’s Governing Board voted 4-1 in favor of […]
Related Posts
Chile’s Luksic Family’s Shipping Gamble Yields Billions
Chile’s Luksic family, one of South America’s richest, saw their fortune jump to $25 billion. Their key move? Investing in global shipping. In 2011, they invested in the Chilean shipping firm CSAV through their company, Quinenco. Initially, the move sparked skepticism and heavy losses. Undeterred, the family contributed a $1.2 billion capital boost in 2012. […]
Nicolás Maduro Gears Up for July Election, Emphasizing a Desire for a Legitimate Win
In a dramatic unfolding of events, Venezuelan President Nicolás Maduro is gearing up for the upcoming July elections with a confident stance against challenger Edmundo González. Maduro’s campaign, brimming with anticipation, publicly shuns electoral fraud, emphasizing a desire for a win grounded in legitimacy. However, insiders hint at backup strategies to retain power if polls […]
U.S. Sues Google in Big Antitrust Case
The U.S. government started a major court case against Google on Tuesday. They want to know if Google unfairly dominates online search. Kenneth Dintzer, a Justice Department lawyer, said the trial is about Google’s future competition. The U.S. claims Google made illegal deals with Apple, Samsung, and Firefox. These deals set Google as the default […]