'Business' category snapshot.

This is a static snapshot in time. For the latest 'Business' news, see:  News Wire Mexico: Business →

For all the latest news, see:  News Wire Mexico →

Published August 11, 2020 5:40 pm (Mexico City time).

They foresee the loss of more than 100,000 jobs in Guanajuato due to contingency.

Guanajuato, Gto. Faced with the health contingency of COVID-19 in Guanajuato, more than 100,000 jobs between formal and informal could be lost by the end of the year, recognized the Secretary for Sustainable Economic Development, Mauricio Usabiaga Díaz. The state official appeared before local deputies where he revealed that so far 50 thousand people have lost their ...

Published by Zona Franca at August 11, 2020 5:21 pm.

Zona Franca →    English →
San Miguel de Allende Receives WTTC Safe Travels Stamp And More Travel News.

San Miguel de Allende has been endorsed with the World Travel & Tourism Council’s “Safe Travels” stamp that recognizes the implementation of global standardized health and hygiene protocols. La entrada San Miguel de Allende Receives WTTC Safe Travels Stamp And More Travel News se publicó primero en Atención San Miguel.

Published by Atención San Miguel at August 11, 2020 5:16 pm.

Atención San Miguel →
Molino de Guadalupe, a hacienda with economic power that lies in ruins.

With the arrival of President Venustiano Carranza, the debacle of the place began and soon the owner left the site

Published by El Sol de Puebla at August 11, 2020 5:12 pm.

El Sol de Puebla →    English →
They avoid giving business figures closed due to the pandemic in Puebla.

The head of the Ministry of Economy recognized the entrepreneurs who reopened

Published by El Sol de Puebla at August 11, 2020 5:10 pm.

El Sol de Puebla →    English →
How COVID-19 Completely Disrupted Car Markets.

The coronavirus pandemic has already destroyed oil demand growth. It has dented oil demand. It has sent oil and gas companies under. It has stymied exploration and production the world over, and triggered countless job losses, writedowns, and more. And it’s not over yet. The pandemic is also set to upend the U.S. car market, in ways few saw coming. We’ve heard a lot about what the work-from-home trend has done to oil demand—it has cut into gasoline demand as fewer workers commute. And we’re not even talking about the furloughed…

Published by OilPrice.com at August 11, 2020 5:00 pm.

OilPrice.com →
Between June and July, Michoacán had an influx of more than 300 thousand tourists.

Morelia, Michoacán.- In Michoacán the tourist activity begins to show important signs of recovery both in terms of influx and tourist occupation and economic spillover since between June and July the entity had an influx of 324 thousand 779 tourists and visitors and an economic spill of 369 million pesos. This translates into ...

Published by Cambio de Michoacán at August 11, 2020 4:56 pm.

Cambio de Michoacán →    English →
$400 in weekly unemployment benefits could actually be just $300 for many because of how aid will be calculated.

A White House adviser says the administration modified plan to offer jobless benefits after states complained they couldn't afford to pay their share.

Published by USA TODAY at August 11, 2020 4:21 pm.

USA TODAY →
Lull In Trading Keeps Oil Prices Range-Bound.

A seasonal lull in oil trading has kept price movements largely range-bound recently, but this can still change this week as OPEC and the International Energy Agency are due to release their latest monthly oil market reports that should offer a look into how oil markets have been doing. August is traditionally vacation time in much of the northern hemisphere, so trading in oil and oil derivatives last week was subdued, Reuters’ John Kemp noted in his regular column on trading. Yet seasonality was not the only factor. Lack of any clarity about…

Published by OilPrice.com at August 11, 2020 4:00 pm.

OilPrice.com →
Lozoya confesses to FGR: Videgaray and EPN ordered me to use Odebrecht money to pay bribes.

Mexico City, (However). Emilio Lozoya, former director of Petróleos Mexicanos (Pemex) accused of receiving bribes from Odebrecht, denounced former President Enrique Peña Nieto and Luis Videgaray, former Secretary of the Treasury, for their alleged participation in this corruption scheme and for authorizing bribes. “Today in the morning, Emilio 'L' presented a complaint of facts before the Attorney General of the Republic regarding ...

Published by Zona Franca at August 11, 2020 3:46 pm.

Zona Franca →    English →
They carry out a medical diagnosis to the personnel of the Municipal Government of Celaya.

Celaya; Gto. Each of the nearly 4 thousand employees of the Municipal Government will be reviewed by the Occupational Medicine area in order to make a diagnosis of their health status, to prevent any possible positive or asymptomatic case of OVID-19. The objective is to have a health analysis to implement actions ...

Published by Zona Franca at August 11, 2020 3:33 pm.

Zona Franca →    English →
German Utility Warns That It May Have To Impair Loan If Nord Stream 2 Fails.

German utility Uniper – one of five Western European companies partially funding the Russia-led Nord Stream 2 gas pipeline project – warned on Tuesday that it might have to write down the value of a loan to the project if U.S. sanctions succeed in stifling it. During a call with analysts to discuss Uniper’s first-half performance, the company’s chief executive Andreas Schierenbeck said that sanctions pressure on the pipeline project designed to carry Russian gas to Germany had intensified. “The worst…

Published by OilPrice.com at August 11, 2020 3:30 pm.

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Lozoya points out Videgaray and Peña Nieto for using Odebrecht bribes in campaign.

In the complaint made by the former director of Pemex, it is stated that votes were bought in addition to granting a series of benefits to companies with which the federal government had losses

Published by Periodico Correo at August 11, 2020 3:23 pm.

Periodico Correo →    English →
From the physical world to the digital world, this Puebla brewery moves to online sales.

The business was one of those affected by the Covid-19 crisis

Published by El Sol de Puebla at August 11, 2020 3:12 pm.

El Sol de Puebla →    English →
Robinhood Investors Have A New Favorite Oil Stock.

If COVID has solidified one thing, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: That means we are seeing tons of amateur investors pour into the market, skewing sentiment away from fundamentals. Much of that goes down on the fee-free Robinhood trading app, whose median user age is 31, but with college kids increasingly jumping on board. And whether they know anything at all about oil—or even markets in general—they have decided that when it comes to hydrocarbons,…

Published by OilPrice.com at August 11, 2020 3:00 pm.

OilPrice.com →
They challenge the dismissal of former INE workers in Acatlán de Osorio.

Former employees allege unjustified dismissal, benefits and reinstatement

Published by El Sol de Puebla at August 11, 2020 2:43 pm.

El Sol de Puebla →    English →
They murder a carpentry owner and a client in Vicente Valtierra.

Marcos and Noé were repeatedly shot by a man outside a business in the La Brisa neighborhood.

Published by Periódico AM at August 11, 2020 2:07 pm.

Periódico AM →    English →
Exclusive: Indian craft brewer Bira talking to foreign beer makers about possible stake sale, says CEO.

India's B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive told Reuters on Tuesday.

Published by Reuters at August 11, 2020 1:55 pm.

Reuters →
Six-year-old girl sells plants to pay for her cancer treatment.

María Fernanda lives in Ciudad de Allende and is looking for money to pay for her chemotherapy and medicines, her family asks for people's support

Published by Periodico Correo at August 11, 2020 1:43 pm.

Periodico Correo →    English →
Vaccine against COVID-19: Mexico agreed to participate in three other clinical test protocols.

The projects are led by two companies from China and one from the United States

Published by Infobae at August 11, 2020 1:27 pm.

Infobae →    English →
700 Mipymes have closed in the state due to the economic crisis.

The Secretary for Sustainable Economic Development mentioned that more than 50 thousand jobs have been lost; the sectors most affected have been footwear and leather

Published by Periodico Correo at August 11, 2020 1:27 pm.

Periodico Correo →    English →
It is useless for Sinhue to join the controversy over the distribution of federal resources: Senator.

Erandi Bermúdez said, at a press conference, that the fact that Guanajuato joins this will not help the federation to give more money to the municipality

Published by Periodico Correo at August 11, 2020 1:23 pm.

Periodico Correo →    English →
Puebla government will invest 100 million pesos in public works.

Governor agrees to rehabilitate the Ecological Peripheral

Published by El Sol de Puebla at August 11, 2020 1:10 pm.

El Sol de Puebla →    English →
Gustavo Cerati's birthday is celebrated with an unpublished manuscript and a tribute to care.

Gustavo Cerati's family shared the material on their official Twitter account. "In these difficult times, let's create a Bridge of love and protection taking care of each other" The song Puente was chosen to commemorate the day that the musician would turn 61. The entry They celebrate Gustavo Cerati's birthday with an unpublished manuscript and a tribute to care was first published in La Voz de Michoacán.

Published by La Voz de Michoacán at August 11, 2020 1:04 pm.

La Voz de Michoacán →    English →
Until 2023 the Mexican economy will return to the levels of 2018: HR Ratings.

HR Ratings estimates that the Mexican economy has a potential growth of 2%, so the economy could return to 2018 levels in 2023.

Published by Milenio at August 11, 2020 12:56 pm.

Milenio →    English →
Seattle police chief to resign after vote to cut $4 million in budget, 100 officers.

Carmen Best announced she would be retiring after the city council approved cutting nearly $4 million from the budget and reducing 100 officers.

Published by USA TODAY at August 11, 2020 12:48 pm.

USA TODAY →
Looking for a job? More than 400 vacancies will be offered at an online job fair.

Average salaries range from 3,000 to 15,000 pesos; some go up to 50 thousand pesos

Published by El Sol de Puebla at August 11, 2020 12:39 pm.

El Sol de Puebla →    English →
Sanmiguelense city council approves restart activities described in the orange traffic light.

San Miguel de Allende, Gto. This Wednesday begins the reactivation of gyms, private sports clubs and museums in the municipality to 30% of their capacity and the increase to 50% of the merchants of the markets and the tianguis on Tuesdays (from August 18) and Sundays (from the 16th) only with ...

Published by Zona Franca at August 11, 2020 12:37 pm.

Zona Franca →    English →
Gold Prices Plunge Below $2000 After Explosive Rally.

Gold prices dropped below $2,000/oz on Tuesday as the dollar clung to recent gains and risk appetite was boosted by an expected US stimulus deal, prompting investors to take profits from bullion’s explosive run to a record high. Gold for delivery in December – the most active futures contract with more than 40m ounces traded by midday – fell 4.5% or $92.30 from yesterday’s settlement to a low of $1,947.40 an ounce in New York. Tuesday was one of the biggest one day falls in history, mimicking its performance following…

Published by OilPrice.com at August 11, 2020 12:30 pm.

OilPrice.com →
Due to a pandemic, Guanajuato would lose 100,000 jobs in 2020.

The formal jobs lost from February to June in Guanajuato exceed 50 thousand jobs.

Published by Periódico AM at August 11, 2020 12:19 pm.

Periódico AM →    English →
Fed Bought Just a Smattering of Corporate Bonds & Bond ETFs, Tiny Amounts of Junk Bonds.

It holds just $331 million of junk-bond ETF HYG, among just $12 billion in total corporate bonds and ETFs. But the Fed’s jawboning about breath-takingly huge purchases was enough to drive the bond market, including the junk-bond market, into foaming-at-the-mouth exuberance. Here are the details.

Published by Wolf Street at August 11, 2020 12:17 pm.

Wolf Street →
Moderna says uncertain about coronavirus vaccine patent exclusivity.

Moderna Inc said there was a possibility it was not the first company to make breakthroughs claimed in its patent applications, including those for its experimental coronavirus vaccine, according to a recent regulatory filing.

Published by Reuters at August 11, 2020 11:55 am.

Reuters →
Clorox is making 1 million packages of disinfecting wipes per day, CEO says.

The company acknowledged that there is a Clorox shortage on shelves due to the coronavirus pandemic. It also said the shortage could last until 2021.

Published by USA TODAY at August 11, 2020 11:48 am.

USA TODAY →
The arrival of foreign tourists and income of foreign currency continues at low levels.

During June 981,385 foreigners entered the country, of which about 71% were border entries and only 29% of the arrivals were visits for tourism, recreation, family or work. During June 2020, the tourism sector in Mexico continues at levels significantly lower than those registered before the arrival of Covid-19 . International arrivals are recovering very modestly and income from foreign tourism remains ...

Published by The Mazatlán Post at August 11, 2020 11:35 am.

The Mazatlán Post →
Alibaba, UAE-Backed Tesla Competitor Set To IPO In The U.S.

Chinese electric carmakers continue savoring becoming Tesla-competitive in their home market — while keeping the door open to Tesla’s home court and stock market success. Chinese electric car start-up Xpeng Motors has filed for an IPO on the New York Stock Exchange. That comes after raising $400 million from Chinese media giant Alibaba, the Qatar Investment Authority, and Abu Dhabi sovereign wealth fund Mubadala. While Covid-19 continues, Xpeng sees the time being right with Tesla's stock still soaring and more competition…

Published by OilPrice.com at August 11, 2020 11:30 am.

OilPrice.com →
Thanks to AMLO Mexico is no longer an emerging markets paradise.

The country was considered a haven to invest, but now it is just another emerging nation says JP Morgan Mexico is no longer considered a ‘paradise’ to invest, according to JP Morgan, among emerging markets as a result of the country’s economic and political conditions. Nur Cristiani, director of the Department of Equity Analysis and Strategy for Mexico ...

Published by The Mazatlán Post at August 11, 2020 11:18 am.

The Mazatlán Post →
This is the fine for businesses that disregard the reopening decree.

They give the green light for the opening of Plaza de la Tecnología, La Victoria, Juárez Park and Chapulco

Published by El Sol de Puebla at August 11, 2020 11:14 am.

El Sol de Puebla →    English →
Oil Prices Rise On Renewed Stimulus Hopes.

Oil prices rose early on Tuesday as equity markets rallied on hopes that the U.S. is close to announcing another stimulus package to support the economy in response to the pandemic-driven slump. As of 10:13 a.m. EDT on Tuesday, WTI Crude was up 1.17 percent at $42.47 and Brent Crude was rising 0.73 percent to $45.34. Analysts believe that if Congress soon reaches some kind of a deal on a stimulus package, it would boost oil prices in the short term. On Monday, U.S. President Donald Trump said that his administration is “looking very…

Published by OilPrice.com at August 11, 2020 11:00 am.

OilPrice.com →
A strategic area of AMLO, which brings bread to the mouths of the poor, caught the Peña-Claudio X virus.

By Linaloe R. Flores Mexico City, (However) .- In addition to that of Javier Jiménez Espriú, in the Government of Andrés Manuel López Obrador there was another resignation, but this occurred silently and discreetly. René Gavira Segreste retired from the Directorate of Administration and Finance of Seguridad Alimentaria Mexicana (Segalmex), a position he held since December 1 ...

Published by Zona Franca at August 11, 2020 10:46 am.

Zona Franca →    English →
It's now a felony in Illinois to assault a retail worker who is enforcing face mask rules.

Illinois Gov. JB Pritzker has made it a felony to assault or batter a retail worker who is conveying coronavirus public health guidance.

Published by USA TODAY at August 11, 2020 10:44 am.

USA TODAY →
Russia names new COVID-19 vaccine 'Sputnik V' in reference to Cold War space race.

Russia has named its first approved COVID-19 vaccine 'Sputnik V' for foreign markets, a reference to the world's first satellite and what Moscow sees as its success at becoming the first country to approve a vaccine, a top official said on Tuesday.

Published by Reuters at August 11, 2020 10:25 am.

Reuters →
PRD reiterates the federal government demand to change the strategy to combat covid and its effects.

The national leader of the Party of the Democratic Revolution (PRD) Estephany Santiago Fernández stressed that if the federal government continues to ignore the unfortunate and disastrous situation that the country faces today as a result of the health emergency caused by COVID-19 in addition to there will be an economic and health crisis ...

Published by Cambio de Michoacán at August 11, 2020 10:20 am.

Cambio de Michoacán →    English →
AMLO’s government keeps scholarship money.

The Federal Government took away from Quintana Roo the control of 25,000 school aids that.

Published by The Yucatan Times at August 11, 2020 10:15 am.

The Yucatan Times →
Mazatlan officials assure that 70% of the people use face masks.

Although it was less, once again Mazatlán was favored this weekend with the arrival of tourism to the port, registering an influx of 10,000 people in the beach area and about 20,000 in the coastal area. Karina Torres Ruelas, REDES coordinator, reported that this weekend they distributed around 2,500 face masks to the people who ...

Published by The Mazatlán Post at August 11, 2020 10:02 am.

The Mazatlán Post →
Retirement savers cash in after shrugging off stock market woes in the spring.

The coronavirus-fueled stock market sell-off in March didn't prevent workers from piling money into their nest eggs, according to a new study from Fidelity Investments.

Published by USA TODAY at August 11, 2020 10:00 am.

USA TODAY →
U.S. refiners' biofuel bills soar in oil market slump.

U.S. oil refiners this quarter are expected to spend the most since at least 2018 to meet U.S. biofuels requirements, further pressuring margins hit by the collapse since March in global prices and demand.

Published by Reuters at August 11, 2020 9:55 am.

Reuters →
Coronavirus vaccine. Mexico has funds to buy doses: AMLO.

Mexico works together with 15 different companies that carry out clinical trials of the vaccine in phase three.

Published by Milenio at August 11, 2020 9:52 am.

Milenio →    English →
Are mask-exemption letters legitimate? A Florida man says yes, and has one to prove it.

Doctors aren't writing many exemptions for patients who aren't able to wear masks. A Florida man said he has one, but businesses still balk.

Published by USA TODAY at August 11, 2020 9:30 am.

USA TODAY →
Shale Giant Occidental Petroleum Reports Major Loss In Q2.

Occidental Petroleum reported a net loss of $8.4 billion for the second quarter of the year, becoming the latest oil company to suffer the combined effect of low oil prices and low demand caused by the Saudi price war and the coronavirus pandemic. Like most other oil companies, Oxy booked impairment charges in Q2 on its oil and gas assets because of the slump in oil prices. These came in at $6.6 billion. Of this, $5.2 billion in impairments was booked on continuing operations and the remainder on discontinued operations. After last year finalizing…

Published by OilPrice.com at August 11, 2020 9:30 am.

OilPrice.com →
In finding U.S. disaster loan fraudsters, YouTube, Instagram are just the start: watchdog.

For small business owners or others searching for advice on applying for a U.S. government disaster loan, there's plenty to be found on social media. But that's just the beginning of potentially fraudulent activity the Small Business Administration's top watchdog is keen to root out.

Published by Reuters at August 11, 2020 9:25 am.

Reuters →
Pemex, the company with the most deaths from COVID-19 in the world, reduced its spending on drug purchases.

During the months of May and June 2019, when there was no health emergency, the oil company invested almost seven times more in the acquisition of this type of product

Published by Infobae at August 11, 2020 9:23 am.

Infobae →    English →
Sale of heavy vehicles maintains positive trend.

In the seventh month of the year, 2,750 retail heavy vehicles were sold in the national territory

Published by Diario de Querétaro at August 11, 2020 9:20 am.

Diario de Querétaro →    English →
Oil rises in the face of positive stimulus expectations in the US.

Oil prices rose on positive expectations of economic stimuli from the United States, as well as rising demand from Asia.

Published by Milenio at August 11, 2020 9:20 am.

Milenio →    English →
Gym owner is found dead in his business, in Uruapan.

Some emergency paramedics Radio Auxilio Voluntario (ERAV) traveled to the site and confirmed the death of the man. The entry Gym owner is found dead in his business, in Uruapan was first published in La Voz de Michoacán.

Published by La Voz de Michoacán at August 11, 2020 9:17 am.

La Voz de Michoacán →    English →
Progreso Aeolian Park is inaugurated.

PROGRESO Yucatan (Times Media Mexico)-. With an investment of approximately 155 million dollars, Energía Renovable.

Published by The Yucatan Times at August 11, 2020 9:15 am.

The Yucatan Times →
U.S. Oil Producers Take Their Crude Back From The Government.

U.S. oil companies have started pulling their crude oil back from government storage tanks, suggesting that the glut that forced them to stash it there in the first place is now easing. Companies have taken out some 2.2 million barrels of crude since the start of the month, Reuters reports, citing government figures. That’s out of some 23 million barrels that oil producers had to store at government tanks when they ran out of storage space after the slump in demand. Storage space was leased in April after oil prices tanked below zero for…

Published by OilPrice.com at August 11, 2020 9:10 am.

OilPrice.com →
Don Quixote rides the roads of Mexico.

The education business On Monday of last week, President Andrés Manuel López Obrador announced with great fanfare on the "Mañanera" that 4 private television stations -Televisa, Imagen, Azteca and Grupo Multimedios- would broadcast the classes on television for the imminent school year 2020-2021 at said conference were the directors of these companies and ...

Published by Cambio de Michoacán at August 11, 2020 9:00 am.

Cambio de Michoacán →    English →
Dollar. Price today Tuesday August 11 | Exchange rate.

Know the price of the dollar today Tuesday in banks. We tell you how the exchange rate of BBVA Bancomer, Banamex and Banorte is.

Published by Milenio at August 11, 2020 8:58 am.

Milenio →    English →
US stocks open higher, pushing S&P 500 near all-time record.

Stocks are opening higher on Wall Street, pushing the S&P; 500 ever closer to the all-time high it reached back in February, before the coronavirus shutdowns slammed the economy. The index was up...

Published by The Associated Press at August 11, 2020 8:49 am.

The Associated Press →
Exclusive: Indian craft brewer Bira talking to foreign beer makers about possible stake sale - CEO.

India's B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive told Reuters on Tuesday.

Published by Reuters at August 11, 2020 8:41 am.

Reuters →
Phase 3 of the Covid vaccine will be tested in Mexico: SRE.

The companies with which there is an understanding are Janssen Pharmaceuticals, from the United States; Cansino Biologics and Walvax Biotechnology, from China

Published by Diario de Querétaro at August 11, 2020 8:34 am.

Diario de Querétaro →    English →
Breakingviews - SoftBank lives the high life on yard sales.

(Reuters Breakingviews) - SoftBank boss Masayoshi Son’s giant yard sale is buying him time to relax. The $129 billion group returned to profit in the last quarter following a dismal three months in the red, buoyed by the sale of T-Mobile shares and other investment gains. Asset sales fuelled a jumbo share buyback plan that narrowed a wide conglomerate discount, and there are large exits to come from its Vision funds. They should carry Son over the current soft spot, provided equity markets stay buoyant.

Published by Reuters at August 11, 2020 8:23 am.

Reuters →
Small places suffer from business closure.

Large number of shops did not survive so now the premises are empty

Published by El Sol de Puebla at August 11, 2020 8:23 am.

El Sol de Puebla →    English →
100 amazing deals from the epic Nordstrom Anniversary Sale 2020.

The Nordstrom Anniversary Sale 2020 includes deals on top brands, including Madewell, Patagonia, Ugg, Adidas, and more.

Published by USA TODAY at August 11, 2020 8:06 am.

USA TODAY →
Raphael did a nose-job in self-portrait, face reconstruction suggests.

Raphael probably didn't like his nose, and replaced it with an idealised version in his famous self-portrait.

Published by Reuters at August 11, 2020 7:55 am.

Reuters →
The FIU investigates the operations of the Sinaloa Cartel in Asia.

According to the investigation, the criminal organization has at least four front companies in Hong Kong, China and Taiwan, to traffic fentanyl

Published by Infobae at August 11, 2020 7:52 am.

Infobae →    English →
Sinaloa cartel business in Asia, in the sights of the FIU.

The FIU detected movements between the Sinaloa cartel and four companies located in Asia that serve as a front to traffic fentanyl and launder money.

Published by Milenio at August 11, 2020 7:36 am.

Milenio →    English →
From Stasple, 3 affiliates were infected with Covid 19 - Quadratín.

There was an administrative economic agreement so that the workers did not return.

Published by Quadratín Michoacán at August 11, 2020 7:19 am.

Quadratín Michoacán →    English →
1794 silver dollar worth $10M for sale by New Jersey dealer; 'This coin is the Holy Grail'

A 1794 U.S. silver dollar, believed to be the first ever silver dollar minted by a newborn United States, is going up for sale by a New Jersey dealer.

Published by USA TODAY at August 11, 2020 7:00 am.

USA TODAY →
PRI proposes tourism reactivation plan.

Mexico ranked 6th in terms of visitors, according to the World Tourism Organization (UNWTO)

Published by Diario de Querétaro at August 11, 2020 7:00 am.

Diario de Querétaro →    English →
Framing Your Investments for Context & Clarity.

Source: JP Morgan Asset Management The above is one of my favorite charts. This version comes from a JPM discussion on “Framing Bias.” It raises interesting issues about how decisions are influenced by the way information is presented: “What level of returns should we expect from equity markets? The answer changes depending on the… Read More __ The post Framing Your Investments for Context & Clarity appeared first on The Big Picture.

Published by The Big Picture at August 11, 2020 7:00 am.

The Big Picture →
Economic cost of coronavirus seen in UK jobs data says minister.

Coronavirus was always going to have an economic cost said junior health minister Edward Argar, when asked about UK jobs data which showed the biggest fall in employment in the country since 2009.

Published by Reuters at August 11, 2020 6:55 am.

Reuters →
Undocumented workers in the U.S. are running out of options to survive the coronavirus pandemic.

Largely left out of federal relief programs, undocumented families have relied on money from philanthropic organizations and local governments to help buy food and to pay their bills. But now some of those funds are drying up, exacerbating the public health crisis and further threatening an economic recovery that’s become shakier with the recent surge ...

Published by The Mazatlán Post at August 11, 2020 6:35 am.

The Mazatlán Post →
Inhabitants face police in Tabasco; they wanted to avoid installation.

A group of Macuspana residents confronted municipal police to prevent the installation of a wooden street market in the community of San Carlos.

Published by Milenio at August 11, 2020 6:00 am.

Milenio →    English →
Exhibits opening in Puebla to businesses that did not survive the coronavirus.

It is expected that at least 30,000 people can be returned to work in a 12-month period, the economy secretary said.

Published by El Sol de Puebla at August 11, 2020 5:30 am.

El Sol de Puebla →    English →
10 Tuesday AM Reads.

My Two-for-Tuesday morning train WFH reads: • In a bleak economy, these companies are flourishing: The coronavirus pandemic is reshaping spending patterns, creating new winners and losers (Washington Post) see also Unemployment Fell. But The Recovery Seems To Be Slowing Down. After three straight months of declining unemployment, we have only just returned to levels… Read More __ The post 10 Tuesday AM Reads appeared first on The Big Picture.

Published by The Big Picture at August 11, 2020 5:30 am.

The Big Picture →
UK job losses hit decade-high, worse seen ahead.

The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme.

Published by Reuters at August 11, 2020 5:25 am.

Reuters →
UK's Heathrow Airport passenger numbers down 88% amid ongoing travel restrictions.

Britain's Heathrow Airport renewed its call for COVID-19 testing at airports on Tuesday as it reported an 88% plunge in July passenger numbers due to ongoing restrictions on travel which it said were strangling the UK economy.

Published by Reuters at August 11, 2020 5:00 am.

Reuters →
Private transport in companies fails to comply with healthy distance for workers.

Leon, Gto. "We did not rest, they did send some, but right now we are all here and we are always here in the van as you see it, and to each one whether or not they want to wear a mask", says Gerardo, who works for a cement company, in the van 8 people go, although not totally together it is complicated ...

Published by Zona Franca at August 11, 2020 4:00 am.

Zona Franca →    English →
Pandemic chokes almost 10,000 requests for information.

Cynthia Cantero, president of the Itei, highlights that pending requests must be answered within eight business days

Published by El Informador at August 11, 2020 4:00 am.

El Informador →    English →
Indonesia retail sales contract in June but slower, central bank says.

Indonesia's retail sales fell 17.1% in June year-on-year, slowing from the previous month's contraction, a central bank survey showed on Tuesday.

Published by Reuters at August 11, 2020 2:25 am.

Reuters →
BoE to step up QE if economy slows again, deputy governor says - The Times.

The Bank of England will step up on quantitative easing (QE) if the British economy slows and struggles again, Deputy Governor Dave Ramsden said in an interview published on Tuesday, adding to his previous comments that BoE has more headroom to act.

Published by Reuters at August 11, 2020 12:30 am.

Reuters →
Dollar holds its ground as investors await U.S. stimulus talks.

The dollar held overnight gains on Tuesday following seven weeks of an almost relentless fall as investors clung to hopes of a bipartisan stimulus deal in Washington and U.S. bond yields rebounded from multi-month lows.

Published by Reuters at August 11, 2020 12:00 am.

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Cuerámaro private school announces closure for this school year 2020-2021.

Cuerámaro, Gto.- After 76 years of being in the educational service in Cuerámaro, the 'Cristóbal Colón' school announced its closure for this school year that is about to begin, as a result of the economic impact that the Covid-19 A pandemic brought with it Through a statement, the authority of said private institution that offered ...

Published by Zona Franca at August 10, 2020 11:24 pm.

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Restart of economic activities approved.

San Miguel de Allende, Gto. - As of Wednesday, August 12, the reopening of productive activities in San Miguel de Allende begins, as approved by the City Council. As anticipated since August 5, President Luis Alberto Villarreal García, the plenary session of the City Council unanimously approved the Protocols for the ...

Published by Noticias Con Valor at August 10, 2020 11:02 pm.

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Traders protest in front of the Acámbaro presidency.

Acámbar, Gto.- Some 100 merchants blocked access to the Municipal Presidency for a few hours, rejecting the creation of two street markets in the city. The merchants accused Josefina Sánchez Silva, director of the Directorate for Women, who allegedly formed two tianguis and caused unfair competition. The merchants accused that, after more than ...

Published by Zona Franca at August 10, 2020 10:54 pm.

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Investors call for greater Rio accountability over destroyed ancient caves.

British and Australian investment funds said on Monday that Rio Tinto's testimony last week over its destruction of ancient caves in Australia raised questions about the accountability of its senior leadership.

Published by Reuters at August 10, 2020 10:00 pm.

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The members of the Labor Equality Committee protest.

The objective will be access to work, training and job promotion, among other points

Published by El Sol de Puebla at August 10, 2020 9:47 pm.

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No, Americans Aren’t Suddenly Flying Again, Despite What the Media Said Today to Boost Stocks of Airlines and Boeing.

But another $25-billion taxpayer bailout is tucked into the stimulus package. The stock market loves bailouts and hates the effects of capitalism.

Published by Wolf Street at August 10, 2020 9:19 pm.

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Voluptuous, makeup and designer dresses: who are the buchonas and what is their relationship with the drug trafficker.

They are charming and beautiful women, some of them have been more than partners of drug traffickers, they have been leaders in that market

Published by Infobae at August 10, 2020 9:01 pm.

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Australia business conditions improve, but new lockdown slugs sentiment - survey.

A measure of Australian business conditions rose in July as the service sector rebounded from a national lockdown, but confidence was badly hit by a renewed outbreak of coronavirus in the second most populous state of Victoria.

Published by Reuters at August 10, 2020 9:00 pm.

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Two Municipal Services employees die, one from COVID-19, in the capital.

Guanajuato, Gto. In the last week two employees of the general direction of Municipal Services died, one due to COVID-19 and the other due to an accident. This was confirmed by the municipal president, Alejandro Navarro Saldaña, who specified that this Monday morning an employee assigned to the Public Lighting area suffered an accident ...

Published by Zona Franca at August 10, 2020 8:50 pm.

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National Guard "blocks the way" to turtle from San Luis Potosí.

The rescue was registered in a parcel company, when the officials carried out an inspection and detected that a kind of protected land was intended to be sent to a home in the state of Michoacán, so they proceeded to secure it. The entry National Guard "closes the way" to a turtle from San Luis Potosí was first published in La Voz de Michoacán.

Published by La Voz de Michoacán at August 10, 2020 8:32 pm.

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Angry grandfather messes with everything and picks up OXXO.

Mexico City. (Source: Excelsior) .- A man took his truck and crashed it in a convenience store located in the town of San Cayetano, in Tepic, after employees denied him the service for not bringing face masks. I saw that he went inside, I think that there are comments that do not ...

Published by CSC Noticias at August 10, 2020 8:31 pm.

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Healthy Living, among the new subjects of the SEP.

The opinion of teachers will be taken into account in the contents of books: Esteban Moctezuma

Published by Quadratín Michoacán at August 10, 2020 8:28 pm.

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States strain to carry out Trump order on unemployment aid.

RICHMOND, Virginia (AP) — Governors and state labor department officials were scrambling Monday to determine whether they could implement President Donald Trump’s executive order to partially...

Published by The Associated Press at August 10, 2020 8:19 pm.

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Two minors are arrested for attempted robbery in Los Olivos.

Celaya, Gto.- Two minors were detained by elements of the Municipal Police when they tried to rob a store in Los Olivos. Through the “pegasus” operation, the Police elements thwarted a robbery to the detriment of a business located in the Los Olivos neighborhood, achieving the arrest of two minors, in possession of ...

Published by CSC Noticias at August 10, 2020 8:08 pm.

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Goodbye to Toshiba laptops: with the sale of Dynabook, it leaves that sector of the market.

The Japanese company launched in 1985 what is considered the first laptop in the world, the Toshiba T1100, and it was always a pioneer in the field. first in La Voz de Michoacán.

Published by La Voz de Michoacán at August 10, 2020 7:47 pm.

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Twitter also wants TikTok and with it could overshadow Microsoft.

Despite the interest shown by the company, experts agree that it will not be able to compete against an offer from the multinational technology company, since it is presumed that it does not have the necessary capital. The entry Twitter also wants TikTok and with it could overshadow Microsoft, it was first published in La Voz de Michoacán.

Published by La Voz de Michoacán at August 10, 2020 7:24 pm.

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Puerto Vallarta – Riviera Nayarit region gradually recovers air connectivity.

Eleven commercial airlines both national and international gradually restarted operations in June, landing at the Lic. Gustavo Díaz Ordaz International Airport and reconnecting the Puerto Vallarta-Riviera Nayarit region with top cities in Mexico and the United States. This is how, after a four-month hiatus, the airlines are contributing to the economic and tourist reactivation of ...

Published by Puerto Vallarta News at August 10, 2020 7:16 pm.

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Here’s How Oil Could Skyrocket By 138%

The market is gradually beginning to give credence to something I've been discussing in past OilPrice articles for a long time now. In a June, 2020 article entitled, Underinvestment Could Send Oil Prices Soaring, I argued how the retrenchment and lack of capital investment the industry has seen the past five-years would lead to shortages of crude eventually. The huge volume of Saudi overproduction exacerbated the equal largess in American shale for the past couple of years, and led to a glut of crude globally. EIA-WPSR The blue line shows…

Published by OilPrice.com at August 10, 2020 7:00 pm.

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