Word: peso
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...With the world economy being so unstable and the Mexican peso falling, it is crazy to get into this protectionist trade dispute now," says Representative Edmundo Ramirez of Mexico's former ruling Institutional Revolutionary Party. "Our governments should be sitting down and negotiating solutions, not slapping on retaliatory measures." (See pictures of the Great Wall of America rising on the Mexican border...
However, while Mexicans are normally pleased to celebrate any chance to hit back against the imperialist gringos, there was little popular applause for the latest measures. As the world economy is suffering, the Mexican peso has lost about 40% of its value against the dollar in the past four months. That means higher prices for just about any product imaginable in the supermarkets and stores of Mexico, which imported $151 billion worth of goods from its northern neighbor last year. The new tariffs mean the prices will go up even further. "This will hit poor people, whatever the government says...
...facto Vice President, Juan Camilo Mourino, and top security adviser Jose Luis Santiago Vasconcelos - was an accident and not narco sabotage. That dwindling public confidence has done nothing to help the Calderón administration fend off the effects of the global economic crisis. This year the Mexican peso has lost about a fifth of its value against the U.S. dollar...
...conviction of his former associate Frank Duran in Miami yesterday, of "being paid to say what he says." But that's unlikely to help soften the latest blow to a government reeling from a drastic fall in public approval ratings, and a loss of confidence in Argentina's peso...
...which many Argentines keep their pensions - a move that should swing some $30 billion from private individual pension accounts into state coffers. The announcement sent Argentina's stock market plummeting, while the rush of depositors to convert their savings into dollars resulted in a 7% devaluation of the peso. The financial earthquake caused by the initiative has put the Argentine economy "in intensive care," says columnist Morales Sola...