Alex Vasquez

2 weeks ago | news.bloomberglaw.com | Andrea Navarro |Maya Averbuch |Alex Vasquez

In the vast swaths of Mexico controlled by drug cartels, public executions and mass graves have long been the norm. Mexico City has largely been a haven from the goriest headlines. That changed Tuesday morning, when two close aides to Mexico City Mayor Clara Brugada were shot and killed in a targeted attack at a main thoroughfare in an otherwise quiet residential neighborhood.

3 weeks ago | news.bloombergtax.com | Alex Vasquez |Maya Averbuch

Mexico’s central bank cut borrowing costs by half a percentage point Thursday after the economy narrowly avoided falling into recession and inflation remained within the target range. Banxico, as the bank is known, voted unanimously to lower its key rate to 8.5%, as expected by all 30 economists surveyed by Bloomberg. Seven consecutive rate reductions, including three straight half-point cuts, have trimmed the benchmark rate by 2.5 percentage points.

3 weeks ago | news.bloomberglaw.com | Alex Vasquez |Maya Averbuch

Mexico’s central bank cut borrowing costs by half a percentage point Thursday after the economy narrowly avoided falling into recession and inflation remained within the target range. Banxico, as the bank is known, lowered its key rate to 8.5%, as expected by all 30 economists surveyed by Bloomberg. Seven consecutive rate reductions, including three straight half-point cuts, have trimmed the benchmark rate by 2.5 percentage points.

3 weeks ago | news.bloombergtax.com | Maya Averbuch |Alex Vasquez

Mexico will likely maintain the pace of monetary policy easing Thursday, offering up a half-point rate cut as the economy shows signs of prolonged weakness with inflation inside the target range. Banco de Mexico, known as Banxico, will cut its key lending rate to 8.5% according to all 30 economists surveyed by Bloomberg News. It would be third straight 50 basis-point cut this year, soon after official data showed the country barely dodged a recession.

3 weeks ago | news.bloombergtax.com | Jose Orozco |Gerson Freitas Jr |Alex Vasquez

The US is suspending imports of live cattle, horses, and bison via ports along the southern border because of the spread of a parasitic fly in Mexico that’s dangerous to livestock. The suspension is effective immediately, US Agriculture Secretary Brooke Rollins said on Sunday. “There has been unacceptable northward advancement” of the New World screwworm, which is a flesh-eating fly, and further action is needed to slow its spread, according to a US Department of Agriculture statement.