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Mexico: New President Pledges To ‘Fix’ Pemex

Global Finance

Due to our passive position in foreign currency, motivated by our current financing, an exchange loss of 130 billion pesos was recorded, Pemex announced in a financial report. All finances will be concentrated in a single entity: Pemex. Pemexs total sales were 7.7% lower than in third-quarter 2023. The company blamed a 6.8%

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China: House Divided | AIER

CFO News Room

There have been claims that China’s enormous economic growth and widely shared prosperity are the result of turning to capitalism. I have come to think of it in terms of concentric circles, each smaller than, and fully contained in, the larger category. I think this is not true; China is not capitalist.

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EU Companies Bet Big On Egypt’s Future

Global Finance

Egypt really is enjoying a moment,” observes David Lubin, a senior research fellow at Chatham House in London and a seasoned global economic observer. Egypt has long been regarded as a narrow economy concentrated in just three sectors: energy, agriculture, and tourism. That could well be an understatement. That’s a tall order.

Economics 116
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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies.

Banking 139
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Managing Economic Balance: Q&A With Hungary’s Central Bank Governor György Matolcsy

Global Finance

The main message of the past 12 years is that the formula of economic balance and growth takes you forward. The MNB contributed the most to growth by restoring and maintaining stability and, when it was possible, it strengthened it by implementing strong economic stimulus measures.

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In Search of Safe Havens: The Trust Deficit and Risk-free Investments!

Musings on Markets

I was reminded of that paper a few weeks ago, when Fitch downgraded the US, from AAA to AA+, a relatively minor shift, but one with significant psychological consequences for investors in the largest economy in the world, whose currency still dominates global transactions.

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Growth And Restructuring: Q&A With Mongolia’s Central Bank Governor Byadran Lkhagvasuren

Global Finance

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? Byadran Lkhagvasuren: The Mongolian economy grew by 5.6%