By Valentine Hilaire MEXICO CITY (Reuters) – Mexican online used-car dealership Kavak plans significant spending cuts and has laid off staff as it prepares for a challenging 2023, according to a[...]
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Central America
Mexican unicorn Bitso sets out transparency roadmap amid FTX crash
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican cryptocurrency exchange unicorn Bitso laid out a transparency roadmap, as pressure from users mounted following the high-profile collapse of[...]
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Uber, delivery apps propose offering Mexico drivers social security
MEXICO CITY (Reuters) -Tech giant Uber and delivery apps DiDi and Rappi have proposed offering social security benefits to workers in Mexico for the first time ahead of a new government bill set to re[...]
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Moody’s sees debt loads of large Latin American sovereigns likely staying high
MEXICO CITY (Reuters) – Moody’s Investors Service on Wednesday said the debt loads of large Latin American sovereigns will likely stay high, constraining governments’ ability to supp[...]
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Mexico’s central bank not about to ‘decouple’ from Fed on rates, board member says
MEXICO CITY (Reuters) – The Mexican central bank is “not ready yet to decouple” from the U.S. Federal Reserve, and to do so prematurely could weaken the peso currency, Bank of Mexico[...]
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Brazil’s Nubank rolls out Mexican savings accounts, debit card
By Cassandra Garrison MEXICO CITY (Reuters) – Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks to sc[...]
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Mexico headline inflation seen easing in early November, core inflation up: Reuters Poll
MEXICO CITY (Reuters) – Mexico’s annual headline inflation is forecast to have eased in the first half of November but to have stayed well above official targets, a Reuters poll showed Tue[...]
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Analysis-Mexican companies could resort to more spinoffs to enhance market value
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican companies are spinning off sports, gambling and cell-tower businesses in a bid to revive depressed stock prices, with more such deals likely[...]
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Analysis-First U.S. coral insurance marks the rise of the reef brigades
By Clare Baldwin HONG KONG (Reuters) – Conservation group The Nature Conservancy’s vision for the future of coral protection involves speed boats, and a global army of snorkellers and dive[...]
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