Grupo Financiero Banorte SAB de CV

Type: Company
Name: Grupo Financiero Banorte SAB de CV (Grupo Financiero Banorte S.A. C.V)
First reported 17 hours ago - Updated 5 hours ago - 1 reports

Mexico Peso Declines Most Among Major Currencies on Fed Concern

Mexico’s peso fell the most among major currencies as an increase in U.S. durable goods orders added to speculation that the Federal Reserve will curtail a stimulus program that has boosted emerging-market assets.The peso depreciated 1.1 percent to 12.5311 ... [Published Bloomberg - 17 hours ago]
First reported 12 hours ago - Updated 12 hours ago - 1 reports

DJ Mexico Stocks End Mostly Flat; Peso Slips vs. U.S. Dollar

--Stocks recover in afternoon trading to end about flat --For the week, the key IPC stock index loses around 3%--Dollar at MXN12.5310 vs. MXN12.4165 ThursdayBy Laurence IliffMEXICO CITY--Mexican stocks ended mostly flat on Friday to end a week in which ... [Published Individual.com - 12 hours ago]
Entities: Mexico, Stocks, US Dollar
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Mexico Prices Fall Less Than Expected Paring Rate Cut Bets

May 23 (Bloomberg) -- Mexico’s consumer prices fell less than expected in early May, paring traders’ bets the central bank will cut rates for a second time this year.Prices slid 0.35 percent in the first two weeks of the month, the national statistics ... [Published La Repubblica - May 23 2013]
Entities: Rate Cut, Mexico, Inflation
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Protests stall Mareña construction

Protests at Mareña Renovables in Oaxaca, Mexico, have continued to dog construction of the wind farm, causing significant delays. Such social unrest prompted the project’s sponsors to request a forbearance agreement with lenders and with Vestas, Mareña’s ... [Published Project Finance Magazine - May 23 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

DJ Mexico Records $4.99 Billion in First-Quarter Foreign Direct Investment

By Anthony Harrup MMEXICO CITY--Foreign direct investment into Mexico rose in the first quarter of the year to $4.99 billion, largely as a result of reinvested profits by foreign companies in the country, the Economy Ministry said Wednesday.The Economy ... [Published Individual.com - May 22 2013]
First reported May 21 2013 - Updated May 21 2013 - 2 reports

Mexicos Antitrust Authority Endorses Financial Reform Proposal

Relateret indhold 14:19 - Risky Bank Debt Insurance Costs Drop as New Rules Loom 20 May - UPDATE: Citi Names New CEOs of CitiMortgage, Private Ba.. 20 May - LONDON MARKETS: FTSE 100 Jumps To Highest Close Since 2.. By Amy Guthrie MEXICO CITY--Mexico's ... [Published EuroInvestor - May 21 2013]
First reported May 20 2013 - Updated May 20 2013 - 1 reports

Mexican Peso Bonds Rise on Rate-Cut Outlook; Currency Advances

Mexican short-term bonds rose, with yields approaching record lows, on mounting speculation that slowing growth will prompt the central bank to cut the target lending rate further this year from a record low 4 percent.Yields on peso bonds due in June ... [Published BusinessWeek - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 1 reports

Coca-Cola Femsa, CFE, Inbursa, Grupo Famsa: Mexico Bond Alert

Coca-Cola Femsa SAB, Comision Federal de Electricidad, Grupo Financiero Inbursa SAB, Grupo Famsa SAB and Kimberly-Clark de Mexico SAB are among issuers that plan to sell bonds in Mexico’s debt markets.COCA-COLA FEMSA SAB: (KOFL) Latin America’s largest ... [Published BusinessWeek - May 20 2013]
First reported May 19 2013 - Updated May 19 2013 - 1 reports

Mexico Grows Less Than Expected

Mexico’s economy grew less than analysts forecast in the first quarter, fueling bets policymakers will cut interest rates again this year.Gross domestic product in the first three months of the year rose 0.8 percent from the year-ago period, less than ... [Published Iran Daily - May 19 2013]
First reported May 18 2013 - Updated May 18 2013 - 1 reports

Mexico Grows Less Than Forecast Reinforcing Rate Cut Outlook

Mexico’s economy grew less than analysts expected in the first quarter, fueling bets policy makers will cut interest rates again this year.Gross domestic product in the first three months of the year rose 0.8 percent from the year-ago period, less than ... [Published GulfBase - May 18 2013]
First reported May 09 2013 - Updated May 09 2013 - 2 reports

Mexico Price Increase at 11 Month Low Supports Rate Cut View

(Updates with comment from analyst in fourth paragraph.)May 9 (Bloomberg) -- Mexican consumer prices rose by the least in 11 months as Grupo Financiero Banorte SAB and UBS AG joined traders in forecasting the central bank will cut the key interest rate ... [Published Washington Post - May 09 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 2 reports

Banking - Mexico - Mexico's Banorte signs five-year agreement with Western Union

Mexico's largest locally owned bank Banorte has signed a five-year agreement with Western Union (NYSE: WU) to offer the payment services company's global money transfer services in the country.Ba... ... [Published Business News Americas - Apr 25 2013]

Quotes

"The drop in commodity prices appears to be having a bigger effect than maybe we thought at first" Peru's Central Bank President Julio Velarde told Reuters
"We sell well-located homes, because they’re in developments that were built five to eight years ago," Diaz said. "When they were built they were somewhat far, but now they’re well equipped, with transportation available and places of employment close by."
...5 percentage point rate cutcut in July, said in a telephone interview from Mexico City. "After the GDP report last Friday and probably with the inflation report this Thursday, more and more people will get onon board with this view."
"In Mexico we have one of the most solid and healthy financial systems in the world, but at the same time one of those which lend the least" President Enrique Pena Nieto said in launching the reform

More Content

All (115) | News (90) | Reports (1) | Blogs (4) | Audio/Video (0) | Fact Sheets (2) | Press Releases (18)
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REUTERS SUMMIT-Latam economies face commods slo... [Published CNBC - 7 hours ago]
DJ Mexico Stocks End Mostly Flat; Peso Slips vs... [Published Individual.com - 12 hours ago]
Mexico Peso Declines Most Among Major Currencie... [Published Bloomberg - 17 hours ago]
Mexico Prices Fall Less Than Expected Paring Ra... [Published La Repubblica - May 23 2013]
Protests stall Mareña construction [Published Project Finance Magazine - May 23 2013]
DJ Mexico Records $4.99 Billion in First-Quarte... [Published Individual.com - May 22 2013]
Mexicos Antitrust Authority Endorses Financial ... [Published EuroInvestor - May 21 2013]
Mexico's Antitrust Authority Endorses Financial... [Published 4 Traders - May 21 2013]
Mexico’s 400,000 Deserted Homes at 40% Off Draw... [Published BusinessWeek - May 21 2013]
Mexican Peso Bonds Rise on Rate-Cut Outlook; Cu... [Published BusinessWeek - May 20 2013]
CORRECTED-REUTERS SUMMIT-Mexico will see bank r... [Published Reuters UK - May 20 2013]
REUTERS SUMMIT-Mexico will see bank reform impa... [Published CNBC - May 20 2013]
Coca-Cola Femsa, CFE, Inbursa, Grupo Famsa: Mex... [Published BusinessWeek - May 20 2013]
Mexico Grows Less Than Expected [Published Iran Daily - May 19 2013]
Mexico Grows Less Than Forecast Reinforcing Rat... [Published GulfBase - May 18 2013]
DJ Mexico Stocks Pare Gains After GDP Data; Pes... [Published Individual.com - May 17 2013]
FibraHotel to Sell as Many as 170 Million Share... [Published Bloomberg - May 17 2013]
Banco Bicentenario Banco Universal CA in Financ... [Published Live-PR.com - May 17 2013]
Renovalia approaches lenders on Piedra Larga [Published Project Finance Magazine - May 15 2013]
Liquid Capital México, Volaris, Homex y Genomma... [Published Prlog - May 13 2013]
Mexico Output Falls [Published Iran Daily - May 12 2013]
Mexico Industry Output Falls Three Times More T... [Published Washington Post - May 10 2013]
Cancellation of Listing [Published MoneyAM - May 10 2013]
Mexican Peso Bonds Gain as Rate Cut Wagers Add ... [Published Bloomberg - May 09 2013]
Mexico Price Increase at 11 Month Low Supports ... [Published Washington Post - May 09 2013]
Mexico Prices Rise Least in 11 Months as Trader... [Published BusinessWeek - May 09 2013]
Mexico Sees Lax Global Monetary Policies Helpin... [Published BusinessWeek - May 09 2013]
Mexican Parties Introduce Banking Overhaul to S... [Published La Repubblica - May 08 2013]
Mexican Yields Fall to Record Lows Before Carst... [Published La Repubblica - May 08 2013]
Aberdeen Latin America Equity Fund, Inc. Announ... [Published Zecco - May 08 2013]
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Blogs

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Latin America and Caribbean SME Banking Confere... [Published Zunia.org RSS - Apr 29 2013]
I had the good fortune to participate in the LAC SME Banking Conference organized by IFC's Access to Finance team for the region. There were bankers from across the region present, as well as invited guests from other parts of the world who shared many ...
Frontrunning: April 25 [Published Zero Hedge - Apr 25 2013]
UK economy shows 0.3% growth ( FT ) Texas University Fund Sold $375 Million in Gold Bars ( BBG ) Spain Jobless Rate Breaches 27% on Recession Woes ( BBG ) Letta calls for easing of austerity policies ( FT ) Italy Led by Letta Brings Berlusconi Back as ...
ServicesAngle News Briefs for March 15, 2013 [Published SiliconANGLE - Mar 15 2013]
EMC Wins Environmental Design Award for Durham Center of Excellence EMC Corp. has earned a LEED Gold — Commercial Interiors certification for Phases 1 and 2 of its 450,000 sq. ft. Center of Excellence in Durham, North Carolina. LEED (Leadership ...
IBM Wants Your CEO To Embrace The Future — And ... [Published ReadWriteWeb - Mar 14 2013]
Executives with a capital "C" in their title generally don't have a clue on how to adjust to the social, mobile, and cloud-based business world. Now IBM wants to help these Luddite execs adapt -- by plunking them down into a new lab where it will show ...
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Press Releases

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Banorte Branches across Mexico Will Offer Weste... [Published Business Wire - Apr 24 2013]
SUCURSALES DE BANORTE EN TODO MÉXICO OFRECERÁN ... [Published Business Wire Professional Services News - Apr 24 2013]
Banorte Branches across Mexico Will Offer Weste... [Published Business Wire Professional Services News - Apr 24 2013]
Fitch Affirms GFNorte & Subs at 'BBB'/'AA+(mex)... [Published Business Wire Professional Services News - Mar 22 2013]
CONTACT and BANORTE to Sponsor Largest Money Tr... [Published Financial Services - Mar 15 2013]
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