A consortium of the largest banks in the United States has offered a $30 billion lifeline to First Republic Bank, which is facing a crisis of investor and consumer confidence.
In the face of what it is calling a ‘triple emergency’ (sanitary, social, and economic) due to the coronavirus (Covid-19) pandemic, the Ecuadorean government is facing serious financial problems.
Mexico’s social security institute (IMSS) reported on 12 May that 555,247 formal jobs were lost in April due to the impact that the coronavirus (Covid-19) pandemic is having on Mexico’s economy.
After remaining closed for about two months due to the coronavirus (Covid-19) pandemic, Mexico’s car and auto parts manufacturers restarted operations in the last week of May.
Mexico’s air travel industry accounts for around 3.05% of the country’s GDP. It moves over 100m passengers per year to 134 international destinations through 70 airlines that operate in the country.
Mexico’s state-owned electricity company, Comisión Federal de Electricidad (CFE), on 10 June, published a new set of fees for transporting and distributing the electricity produced by renewable energy generators.
The coronavirus (Covid-19) pandemic has elicited a range of responses among Central American nations but increased fiscal pressures due to the health emergency is one thing that many have in common.
It is no secret that Venezuela’s economy, and by association the country as a whole, is heavily is dependent on oil. High international oil prices allowed former president, Hugo Chávez
This crushing assessment was based on the results of a Datafolha poll, published in full the following day, which put Crivella’s disapproval rating at 72%.
Two considerations lie behind the decision: first, a political imperative to get the economy moving again, and second, a quiet rebuilding of bridges with top private sector companies.
