Tag Archives: MEXICO

EMERGING MARKET – Chilean Pesos are set for the best month; A real Brazilian slip | Instant News


    * Chilean peso bests regional peers with 8.6% jump in July
    * Colombia cuts interest rate, sees steeper economic
contraction
    * Brazil's real pressured by record deficit, debt figures
    * Colombia's peso lags in July on oil price outlook

 (Updates Prices)
    By Shreyashi Sanyal and Susan Mathew
    July 31 (Reuters) - Chile's peso rose on Friday and was set
for its best month on record, aided by improving signs of demand
for copper from top consumer China, while the Brazilian real
weakened after central bank figures showed a record rise in
national debt. 
    The peso gained 0.6% and outperformed its regional
peers with an 8.6% jump in July. Prices of copper, Chile's
biggest export, ticked higher after strong factory activity data
from China. 
    Prolonged lockdown restrictions in Chile have also helped 
contain the spread of the novel coronavirus in the country. 
    Capital Economics analysts say Chile is seeing the fastest
decline in new per capita coronavirus cases of any major
emerging market.
    "If this trend continues, the drag from cautious household
behavior may fade more quickly in Chile than elsewhere in the
region."
    MSCI's index for Latin American currencies
rose 5% in July, set for its biggest monthly gain in 2020 after
the dollar tracked its worst month in a decade, on doubts
over a U.S. economic rebound as the country struggles to contain
its coronavirus outbreak.
    Colombia's peso dropped after the central bank cut
Colombia's interest rate by 25% as expected, and now expects
gross domestic product to contract between 6% and 10% this year,
worse than a previous range of 2% to 7%.
    The currency lagged its regional peers in July, hit by a
worsening outlook for oil prices tied to a decline in demand
from the United States.
    Brazil's real fell 1% after the country's national
debt rose to a record 85.5% of gross domestic product and the
public sector registered a record $36.5 billion primary deficit
in June. 
    Latin America's biggest economy's currency was still set for
a monthly gain of nearly 5%, with investors keeping a close eye
around developments on a new tax reform. 
    Economy ministry estimates say the creation of a new
value-added tax in Brazil by combining two federal taxes paid by
companies could generate up to 373,000 jobs.
    The Mexican peso continued to decline for the second
straight day, after data showed the economy shrunk by a
record-breaking 17.3% during the second quarter. The currency
was still up for the month.
    Except Mexico's Ipc, most major stock indexes in the
region rose this month as hopes of a COVID-19 vaccine and ample
global stimulus drove hopes of an economic recovery. 
    On Friday, however, most indices fell with Brazil's Bovespa
 set for its worst day in over a month. 
    
    Key Latin American stock indexes and currencies at 1846 GMT:
  Stock indexes           Latest   Daily %
                                   change
 MSCI Emerging Markets    1077.30    -0.44
                                   
 MSCI LatAm               2059.29    -2.03
                                   
 Brazil Bovespa         102857.64    -2.05
                                   
 Mexico IPC              36774.44    -0.98
                                   
 Chile IPSA               3963.37     0.25
                                   
 Argentina MerVal        49318.00   -0.178
                                   
 Colombia COLCAP          1151.75    -1.11
                                   
                                          
      Currencies          Latest   Daily %
                                   change
 Brazil real               5.2103    -1.03
                                   
 Mexico peso              22.2130    -0.94
                                   
 Chile peso                 756.9     0.53
                                   
 Colombia peso            3731.91    -0.29
                                   
 Peru sol                  3.5317    -0.56
                                   
 Argentina peso           72.3100    -0.07
 (interbank)                       
                                   
 
    

 (Reporting by Shreyashi Sanyal in Bengaluru
Editing by Paul Simao and Jonathan Oatis)
  

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Mexico has become an eclipse in Britain with the third highest coronavirus mortality | Instant News


MEXICO CITY (Reuters) – Mexico is ready to overtake Britain as the country with the third highest coronavirus mortality rate as a pandemic reaches new milestones in Latin America and threatens to disrupt efforts to reopen the economy.

PHOTO PHOTO: Family members stand as musicians playing songs during the funeral of someone who died of coronavirus (COVID-19), at the funeral of San Lorenzo Tezonco in Mexico City, Mexico July 29, 2020. REUTERS / Carlos Jasso

The unwanted note will place Mexico behind Brazil, the largest and most populous country in Latin America, and the United States. More than 91,000 people have died in Brazil and the number of deaths in the United States has exceeded 152,000.

Mexico on Thursday recorded 639 additional deaths to increase the number of coronavirus victims to 46,000, with 416,179 confirmed cases. Britain has recorded 46,084 deaths and 303,913 cases, according to calculations by Johns Hopkins University.

Mexican officials said the spread of the pandemic was likely far more extensive than reflected by official figures.

The increasing number of victims has strengthened Latin America’s status as one of the centers of the spread of the virus because cases in the region have doubled last month to more than 4.7 million infections.

While Britain appears to have stepped on the virus, the pandemic shows some signs of a slowdown in Mexico, which has been trying to restart the economy since late May.

“We open when we are not ready to open,” said Rosa Maria del Angel, head of Infection and Molecular Pathogenesis at the National Polytechnic Institute of Mexico.

Mexican President Andres Manuel Lopez Obrador, who angered some health advocates by refusing to wear masks in public, said Friday that Mexico plans to continue with celebrations at Zocalo Square in the capital to mark Independence Day.

The September 16 ceremony celebrating the historic call for rebellion known as “El Grito” will “socially alienate”, Lopez Obrador said at his daily press conference in the morning.

“Facing difficulties, with epidemics, with floods, earthquakes, bad government, we always go out (to celebrate),” he said. “Now we will continue dating.”

Lopez Obrador has convicted news organizations for reporting Mexico’s rise in the global death toll count, saying the number of victims per capita is a more just representative.

Reporting by Adriana Barrera; Additional reporting by Daina Beth Solomon; Writing by Drazen Jorgic; Editing by Aurora Ellis

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EMERGING MARKET – Chilean Pesos are set for the best month; A real Brazilian slip | Instant News


    * Chilean peso bests regional peers with 8.6% jump in July
    * Brazil's real pressured by record deficit, debt figures
    * Colombia's peso lags in July on oil price outlook
    * Colombian central bank rate decision eyed 

    By Shreyashi Sanyal
    July 31 (Reuters) - Chile's peso rose on Friday and was set
for its best month on record, aided by improving signs of demand
for copper from top consumer China, while the Brazilian real
weakened after central bank figures showed a record rise in
national debt. 
    The peso gained 0.5% during the session and
outperformed its regional peers with an 8.6% jump in July.
Prices of copper, Chile's biggest export, ticked higher after
strong factory activity data from China. 
    Prolonged lockdown restrictions in Chile have also helped in
containing the spread of the novel coronavirus in the country. 
    Capital Economics analysts say Chile is seeing the fastest
decline in new per capita coronavirus cases of any major
emerging market.
    "If this trend continues, the drag from cautious household
behavior may fade more quickly in Chile than elsewhere in the
region."
    Commodity-linked currencies in Latin America have risen in
recent months due to a pick-up in demand in China, which is the
region's biggest importer of agricultural products and metals. 
    The MSCI's index for Latin American currencies
 rose 5.2% in July, set for its biggest monthly
gain in 2020 after the dollar tracked its worst month in
a decade, on doubts over a U.S. economic rebound as the country
struggles to contain its coronavirus outbreak.
    Emerging market currencies have also seen buying in July on
a weakening U.S. dollar and excess liquidity stemming from
stimulus packages in developed markets. 
    Brazil's real fell more than 1% after the country's
national debt rose to a record 85.5% of gross domestic product
and the public sector registered a record $36.5 billion primary
deficit in June. 
    The currency of Latin America's biggest economy was still
set for a monthly gain of nearly 5%, with investors keeping a
close eye around developments on a new tax reform. 
    Economy ministry estimates say the creation of a new
value-added tax in Brazil by combining two federal taxes paid by
companies could generate up to 373,000 jobs.
    The Mexican peso continued to decline for the second
straight day, after data showed the economy shrunk by a
record-breaking 17.3% during the second quarter. The currency
was still up for the month.
    Colombia's peso lagged its regional peers in July,
hit by a worsening outlook for oil prices tied to a decline in
demand from the United States.
    Market participants also awaited a policy decision from
Colombia's central bank, which is expected to cut its benchmark
interest rate for the fifth consecutive month by 25 basis points
later on Friday.      
    Key Latin American stock indexes and currencies:
    
 Stock                              Latest     Daily % change
   indexes                                     
 MSCI Emerging Markets              1077.76    -0.4
                                               
 MSCI LatAm                         2070.46    -1.5
                                               
 Brazil Bovespa                     103862.85  -1.09
 Mexico IPC                         36754.71   -1.03
 Chile IPSA                         3970.55    0.44
 Argentina MerVal                   49071.78   -0.676
 Colombia COLCAP                    1156.25    -0.72
                                               
 Currencies                         Latest     Daily % change
 Brazil real                        5.2177     -1.17
 Mexico peso                        22.1670    -0.74
 Chile peso                         757.4      0.46
 Colombia peso                      3732.36    -0.30
                                               
 Peru sol                           3.5248     -0.37
 Argentina peso (interbank)         72.3100    -0.07
                                               
 Argentina peso (parallel)          132        2.27
                                               
 

 (Reporting by Shreyashi Sanyal in Bengaluru
Editing by Paul Simao)
  

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Brazil, Mexico reports more deaths from coronavirus | Instant News


BUENOS AIRES / ANKARA

The new corona virus claimed 1,129 lives in Brazil and 639 in Mexico over the past 24 hours, according to health authorities on Friday.

In Brazil, the country hardest hit by the virus, the number of deaths reached 91,263 with the latest deaths, while the number of cases jumped to more than 2.6 million, with an additional 57,837 over the past 24 hours.

The amount of recovery in this country also reached 1.95 million.

With a population of more than 211 million, Brazil is seen as the center of the spread of the COVID-19 outbreak in Latin America.

Mexico

The death toll in Mexico reached 46,000, with an additional 639 on the last day, according to the Ministry of Health.

The number of cases rose to 416,179, because 7,730 more people tested positive for COVID-19. A total of 272,187 people have recovered from this disease.

The first coronavirus case in Mexico was recorded on February 28 and the first death on March 19.

Since it first appeared in China last December, the coronavirus novel has spread to at least 188 countries and regions. The US, Brazil, India and Russia are currently the hardest hit countries in the world.

The pandemic has killed more than 673,000 people worldwide, with around 17.3 million confirmed cases, according to figures compiled by US Johns Hopkins University. More than 10.1 million people have recovered from this disease.


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EMERGENCY MARKET – Mexican peso slides at record GDP contraction; Brazil really outperformed | Instant News


    * Coronavirus may cost Latin America and Caribbean a decade
-ECLAC
    * Mexico's GDP falls to record 17.3% in second quarter
    * Brazil hits record 69,000 daily coronavirus cases  
    * Argentina may delay debt restructuring deadline amid
impasse

 (Updates prices)
    By Shreyashi Sanyal and Susan Mathew
    July 30 (Reuters) - Mexico's peso fell on Thursday after
data showed Latin America's second biggest economy contracted by
double digits in the second quarter, while a better economic
outlook for Brazil saw its currency outperform. 
    Preliminary figures from the INEGI national statistics
agency showed Mexico's gross domestic product shrank 17.3% in
the second quarter from the previous three months, the sharpest
drop on record. The peso weakened 0.5% against the
dollar.
    With Mexico still struggling with its coronavirus outbreak,
and the U.S. recovery seemingly losing steam, the rebound in
Mexico's economy will be slow over the coming quarters, said
Nikhil Sanghani, assistant economist at Capital Economics.
    Sanghani also said the data bolsters bets for the Mexican
central bank to continue its easing cycle. "We expect a total of
100bp of further rate cuts this year, including a 50bp reduction
at the central bank's next meeting in August," he said.
    The dollar fell after U.S. President Donald Trump suggested
delaying presidential elections in November, adding to
uncertainty amid a historic contraction in U.S. economy in the
second quarter as the COVID-19 pandemic shattered consumer and
business spending.
    For Latin America, the coronavirus crisis could set back the
region and the Caribbean by a decade as countries endure
faltering economies and rising poverty, the U.N. economic
commission for the region and the World Health Organization
said.
    While currencies in other parts of Latin America were firmly
in the red, Brazil's real rose 0.3% even as the country
set daily records on Wednesday for new COVID-19 cases and
deaths.  
     Brazil's Economy Ministry on Thursday lowered its 2020
public sector deficit and national debt outlook, reflecting a
less severe fall in the economy this year than previously
anticipated.
    The Colombian peso dropped as oil prices declined,
and as a Reuters poll showed Colombia's economy will have
suffered the worst contraction in its history in the second
quarter because of fallout from a coronavirus quarantine.

    In Argentina, the government is considering pushing back a
deadline for creditors to respond to its foreign debt
restructuring proposal until mid-to-late August, a source close
to the negotiations told Reuters on Wednesday.    
    The MSCI's Latin American stocks index fell
1.5%, with Brazil's Bovespa off 0.8% and Santiago shares
 off 1.4%.  
    Brazilian car rental company Localiza jumped
almost 11% after it said it expects profit margins to recover by
September.
    
    Key Latin American stock indexes and currencies 1857 GMT: 
  Stock indexes           Latest   Daily %
                                   change
 MSCI Emerging Markets    1082.70    -0.36
                                   
 MSCI LatAm               2108.56     -1.1
                                   
 Brazil Bovespa         104899.78    -0.67
                                   
 Mexico IPC              37080.64     -1.7
                                   
 Chile IPSA               3952.68    -0.77
                                   
 Argentina MerVal        48479.88   -0.828
                                   
 Colombia COLCAP          1169.21    -0.49
                                   
                                          
      Currencies          Latest   Daily %
                                   change
 Brazil real               5.1493     0.43
                                   
 Mexico peso              22.0790    -0.53
                                   
 Chile peso                 759.3    -0.34
                                   
 Colombia peso            3721.86    -0.46
                                   
 Peru sol                  3.5118    -0.40
                                   
 Argentina peso           72.2500    -0.07
 (interbank)                       
                                   
 
 (Reporting by Shreyashi Sanyal in Bengaluru; editing by
Jonathan Oatis)
  

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Statistics: a third of Americans will buy a trip in the next three months | Instant News



Even though countries face challenges with continued travel restrictions, consumers around the world still have a strong desire to travel in the future – that’s according to Amex Trendex, a trend report from American Express. According to the report, consumers in the five countries surveyed are starting to adjust their travel spending to new travel standards. While the majority of consumers feel more comfortable traveling to Canada intentionally over the next three months, many plan to make a “big” purchase on travel next month. Note: One-third (34 percent) of adults in the United States plan to spend more than $ 800. Additionally: 57% of adults in Japan plan to spend more than 150,000 JPY ($ 1,428) 49% of adults in Canada plan to spend $ 800 and more ($ 599) 36% of adults in UK plan to spend £ 800 and more ($ 1,037) 30% of adults in Mexico plan to spend more than $ 800 Amex Trendex also found that confidence varies by region in the six countries studied. Adults in the UK are the most likely to travel domestically (69%), compared to adults in Mexico (47%), Japan (45%), the US (40%) and Canada (40 %). Only 12 percent of American adults are likely to travel internationally in the next three months. To that extent, car travel still reigns supreme, Amex says. More than half of adults around the world feel comfortable taking a road trip in the next three months (63%). DAILY NEWSLETTER AND OFFERS Do you like this story? Subscribe to daily news and offers! Presenting the latest news on the latest product launches, offers, sales promotions and executive appointments. Be sure to sign up for this free daily industry newsletter. When it comes to accommodation, hotel stays are higher than home shares and air travel for the overall comfort level. Adults around the world expect to feel more comfortable over the next three months staying in a hotel (43%) than in a shared apartment (25%), in addition to taking a flight (30% ) and take a cruise (10%). Last minute travel bookings are at an all time high, according to the survey. In this context, American Express Travel observed similar trends when examining the reservation data of U.S. Card members booked through them: four in five (81%) travel plans (81%) of airline and hotel bookings in the United States during last week made on Amex Travel relate to travel. in the following 30 days (week of July 12), compared to 64% in the same period last year. Source: Amex Trendex Stories Related Stories Stats: Americans hitting the road close to home Statistics this summer: Travel perception holds up despite increasing cases Statistics: Americans would give up internet to travel now Statistics: 29% of holidaymakers interested through cannabis tourism.



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Louis Mobile Food Market will be in your Community in Partnership with St. Louis. Louis Area Foodbank Listing for August 1 – 21 | Instant News




Louis Mobile Food Market will be in your Community in Partnership with St. Louis Area Foodbank Listing for August 1 – 21 | RiverBender.com





















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Brazil, Mexico reports more deaths from coronavirus | Instant News


BUENOS AIRES

The coronavirus novel claimed 921 lives in Brazil and 737 in Mexico over the past 24 hours, according to health authorities on Wednesday.

In Brazil, the country with the second worst impact of this virus, the number of deaths reached 88,539 with the last death, while the number of cases jumped to almost 2.5 million, with an additional 40,816 over the past 24 hours.

The amount of recovery also exceeds 1.66 million in the country.

With a population of more than 211 million, Brazil is seen as the center of distribution in Latin America.

Mexico

The death toll in Mexico reached 44,876, with an additional 737 the previous day, according to the Ministry of Health.

The number of cases rose to 402,697, because 7,208 more people tested positive for COVID-19. A total of 261,457 people have recovered from this disease.

The first coronavirus case in Mexico was recorded on February 28 and the first death on March 19.

Since it first appeared in China last December, the coronavirus novel has spread to at least 188 countries and regions. The US, Brazil, India and Russia are currently the hardest hit countries in the world.

The pandemic has killed more than 660,300 people worldwide, with more than 16.73 million confirmed cases, according to figures compiled by US Johns Hopkins University. Nearly 9.75 million people have recovered from this disease.


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COVID-19 claimed hundreds of lives again in Brazil, Mexico | Instant News


BUENOS AIRES

Hundreds of lives have been lost to COVID-19 in Brazil and Mexico over the past 24 hours, authorities reported on Monday.

In Brazil, the second worst-hit country after the United States, 555 people have died since Sunday, bringing the death toll to 87,004, according to the Department of Health.

Infections also continued to surge in the largest Latin American state, with 24,578 on the last day increasing the total to above 2.4 million, while recovery reached more than 1.6 million.

Sao Paulo, the country’s trade center with 46 million inhabitants, is considered the region most affected by the outbreak. There were 483,982 cases and 21,606 deaths from the virus.

Meanwhile in Mexico, 306 patients died from complications related to the virus during the past 24 hours, bringing the death rate to 43,680.

A total of 5,480 COVID-19 cases were confirmed in the country, increasing the total to 390,516, including more than 251,505 recoveries.

The first coronavirus case in Mexico was recorded on February 28 and the first death on March 19.

Since it first appeared in China last December, the coronavirus novel has spread to at least 188 countries and regions. The US, Brazil, India and Russia are currently the hardest hit countries in the world.

The pandemic has killed nearly 649,000 people worldwide, with more than 16.26 million confirmed cases, according to figures compiled by US Johns Hopkins University. More than 9.4 million have recovered from this disease.


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Global report: China reports the largest Covid-19 spike in months as Australia records a new infection record World News | Instant News


China has recorded the biggest surge in the daily Covid-19 case since April, as Australia records the worst daily infection count, centered on city outbreaks Melbourne.

61 new cases of China were driven by groups in three separate regions which sparked fears of a new wave. Forty-one cases (nearly 70%) were in the northwestern Xinjiang region, according to the National Health Commission, where a sudden outbreak in the regional capital Urumqi occurred in mid-July.

Liaoning Province in the northeast has 14 cases and neighboring Jilin has two cases. Both provinces are bordered by North Korea. This is the first time there has been a case in Jilin since the end of May.

A map of China showing Xinjiag, Jilin and Liaoning

On Sunday a second wave of mass testing was launched in Urumqi to detect residents who had previously been declared false negatives, according to the government-run Global Times. This follows a mass testing effort earlier this month, in which around 65% of the population has been tested so far, according to a local press conference on Friday.

Experts have still not confirmed the authenticity of the Xinjiang cluster recently, which has infected 178 people to date. The new infection in Jilin was announced just days after President Xi Jinping finished his provincial tour last week.

In Australia, the prime minister of the state of Victoria pleads citizens not to go to work if they have even the mildest symptoms, after 532 new cases helped set a daily record for the country. Of the six new deaths recorded in the state, five of them are in elderly care facilities.

Melbourne and Mitchell Shire are close to nearly halfway from a six week lockdown, but prime minister Daniel Andrews marked further restrictions could be introduced. The state’s chief health officer, Brett Sutton, warned of further deaths that occurred in nursing homes, where there were nearly 700 cases in several homes.

“Residents at this facility will be parents, grandparents, great-grandparents and they are at great risk of death. That is an unavoidable fact in this arrangement, “Sutton said, adding that deaths in the elderly care outbreak were” very high “.

The neighboring country, New South Wales, which is the most populous in Australia, reported 17 new cases on Monday, eight of which were returnees quarantined.

India has recorded 50,000 new daily cases of Covid-19 for the first time, according to the Times of India total number of countries. It said it ended the weekend of the country’s deadliest pandemic. The newspaper also reported that total cases had grown 28% to 1.4 million and the death rate had jumped by 19%. In July alone, the capital, Delhi, added 2 million new cases.

Indian Prime Minister Narendra Modi urged citizens to be “extra vigilant” in his monthly radio address on Sunday: “We must remember that the corona is as fatal today as its beginning – which is why we must be very careful. “

On Monday, Modi will launch three new Covid-19 “high throughput” testing facilities – at Noida in the eastern suburbs of Delhi, in Mumbai and Kolkata – to increase testing capacity.

That WE has recorded five thousand deaths from Covid-19 in five days, with increasing cases south and west stated. Across the country there are 4.2 million infections and death toll close to 150,000.

Talks continue in Washington about what should be included in the next coronavirus stimulus package. With the presidential election 100 days away, the Associated Press-NORC poll on Sunday showed only 32% of Americans agreed to the handling of President Donald Trump’s pandemic, while only 38% said the economy was in good condition.

In other coronavirus developments:

  • Global infection standing under 16.2 million, with nearly 650,000 deaths, according to Johns Hopkins figures.

  • Vietnamese plans to evacuate 80,000 tourists from downtown Danang after the outbreak there, a government statement said.

  • JapanThe Economy Minister said the government would urge companies to target telecommuting 70% and increase other social distance measures amid rising cases among workers, some of whom were infected during socialization after work, Reuters reported.

  • Kasing in Papua New Guinea almost doubled at the weekend, with an emerging pandemic threatening to overwhelm the already fragile health care system of the country.

  • New Zealand has reported zero cases of Covid-19 for the third day in a row.

  • Mexicos Ministry of Health on Sunday reported 5,480 new confirmed cases and 306 additional deaths, bringing the total to 390,516 cases and 43,680 deaths.

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