Latest news with #MXN
Business Insider
6 days ago
- Business
- Business Insider
El Puerto de Liverpool upgraded to Outperform from Market Perform at Itau BBA
Itau BBA upgraded El Puerto de Liverpool (ELPQF) to Outperform from Market Perform with a MXN 195 price target Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
02-06-2025
- Business
- Yahoo
XDC Network, Bitso Business tie up to support US-Mexico remittances
The XDC Network has joined forces with Bitso Business to establish a blockchain remittance corridor aimed at enhancing payment transactions between the US and Mexico. The initiative is expected to utilise blockchain technology to facilitate 'near-instant payments'. This collaboration integrates the XDC Network's ISO 20022-compatible blockchain infrastructure with Bitso Business' fiat conversion services in Latin America. The remittance corridor is designed to offer a alternative to conventional payment methods in the region. The partnership aims to offer low cost remittances, with transactions settling in mere seconds at 'minimal' fees, the company said. It also supports multiple currencies, enabling swift USD to MXN conversions through Bitso's liquidity channels in Latin America. The service is tailored for SMEs, fintechs, and institutions that require efficient payment solutions for international suppliers or payroll. Conforming to ISO 20022-compliant messaging standards, the payment rail is compatible with existing banking systems and regulated entities, in line with XDC's objective to enhance adoption in emerging markets. With over ten years of operational experience, Bitso's APIs and regulatory connections across Latin America expected to add 'interoperability' to the XDC Network. XDC Network Ecosystem Development Amitava Mandal said: "This partnership with Bitso Business marks a major leap toward our mission of bridging traditional finance with blockchain efficiency. Together, we're delivering faster, fairer cross-border transfers that solve real-world challenges in global remittances and SME trade." The XDC Network is an EVM-compatible blockchain focused on tokenising real-world assets, digitising trade finance, and providing infrastructure for cross-border settlements. Bitso Business, meanwhile, offers services including Pay-ins and Payouts in Latin America, Cross-Border payments, as well as Trading and OTC services. "XDC Network, Bitso Business tie up to support US-Mexico remittances " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Insider
21-05-2025
- Business
- Business Insider
Kimberly-Clark de Mexico downgraded to Market Perform at Itau BBA
Itau BBA downgraded Kimberly-Clark de Mexico (KCDMY) to Market Perform from Outperform with a MXN 37 price target Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
16-05-2025
- Business
- Yahoo
Top Global Dividend Stocks To Watch In May 2025
As global markets navigate a landscape marked by mixed equity performances and cautious economic outlooks, investors are keenly observing the potential impacts of recent trade developments and central bank decisions. Amidst this backdrop, dividend stocks remain a focal point for those seeking steady income streams, as they often provide a measure of stability in uncertain times. Name Dividend Yield Dividend Rating Allianz (XTRA:ALV) 4.42% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.24% ★★★★★★ Nissan Chemical (TSE:4021) 3.94% ★★★★★★ CAC Holdings (TSE:4725) 5.01% ★★★★★★ Chudenko (TSE:1941) 4.00% ★★★★★★ GakkyushaLtd (TSE:9769) 4.09% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 3.49% ★★★★★★ Yamato Kogyo (TSE:5444) 4.70% ★★★★★★ Soliton Systems K.K (TSE:3040) 3.99% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.56% ★★★★★★ Click here to see the full list of 1535 stocks from our Top Global Dividend Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Médica Sur, S.A.B. de C.V. operates as a healthcare hospital in Mexico with a market cap of MX$4.53 billion. Operations: Médica Sur, S.A.B. de C.V. generates its revenue from operating healthcare services in Mexico. Dividend Yield: 3.5% Médica Sur's dividend payments have increased over the past decade, but they have been volatile with instances of annual drops exceeding 20%. Despite this instability, the dividends are well covered by earnings and cash flows, with payout ratios of 42.8% and 31.5% respectively. Trading at a significant discount to its estimated fair value, Médica Sur recently affirmed an annual dividend of MXN 1.50 per share payable on May 20, 2025. Delve into the full analysis dividend report here for a deeper understanding of Médica Sur. de. The valuation report we've compiled suggests that Médica Sur. de's current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Meiji Electric Industries Co., Ltd. engages in the import, export, and sale of electrical devices, measuring instruments, electrical equipment, and automation and energy-saving components with a market cap of ¥19.18 billion. Operations: Meiji Electric Industries Ltd generates revenue of ¥75.26 billion from its segments, which include control equipment, industrial equipment, and measuring equipment. Dividend Yield: 3.3% Meiji Electric Industries' dividend payments have been volatile over the past decade, with significant annual fluctuations. Despite this, dividends are well-covered by earnings and cash flows, with payout ratios of 39% and 10.3%, respectively. The stock trades at a substantial discount to its estimated fair value. Recent board discussions focused on capital cost awareness and stock price considerations may influence future dividend strategies. Take a closer look at Meiji Electric IndustriesLtd's potential here in our dividend report. Our valuation report unveils the possibility Meiji Electric IndustriesLtd's shares may be trading at a premium. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Nippon Seiki Co., Ltd. manufactures and sells instruments for vehicles and machinery across various regions, including Japan, the Americas, Europe, and Asia, with a market cap of ¥67.23 billion. Operations: Nippon Seiki Co., Ltd.'s revenue segments include the Automotive Parts Business at ¥252.05 billion, Automotive Sales at ¥26.63 billion, Resin Compound Business at ¥10.75 billion, and Consumer Parts at ¥13.92 billion. Dividend Yield: 3.7% Nippon Seiki's dividend payments have been stable and growing over the past decade, indicating reliability. However, the current payout ratio of 88.2% suggests dividends are covered by earnings but not by free cash flows, as the company lacks them. The dividend yield of 3.66% is below top-tier levels in Japan and profit margins have declined to 1.1%. These factors raise concerns about long-term sustainability despite historical consistency in payments. Unlock comprehensive insights into our analysis of Nippon Seiki stock in this dividend report. The valuation report we've compiled suggests that Nippon Seiki's current price could be inflated. Unlock our comprehensive list of 1535 Top Global Dividend Stocks by clicking here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BMV:MEDICA B TSE:3388 and TSE:7287. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mid East Info
13-05-2025
- Business
- Mid East Info
Broad risk reduction seen ahead of easing trade tensions – Saxo Bank MENA - Middle East Business News and Information
Ole Hansen, Head of Commodity Strategy, Saxo Bank Forex: COT on forex covering the week to 6 May showed continued, albeit much reduced, USD selling appetite, with the net short against eight IMM futures seeing a small increase to USD 17.3 billion—a fresh eight-month high. In general, activity was relatively light compared with recent weeks, with the most notable activity being demand for GBP and MXN, with sellers focusing on CAD and JPY, the latter seeing light profit-taking after months of net buying had lifted the net long to a record high. Regarding the dollar and its response to today's news that the US and China will temporarily lower tariffs on each other's product, our FX expert, John J. Hardy wrote the following in its reaction piece: 'The US-China step-down from the high tariffs for at least 90 days was the even-better-than -expected news that the market got on top of already positive expectations for this weekend's trade talks in Switzerland. Specifically, the US will step down to 30% and China to 10% from the former levels of up to 145%/125%. This saw another surge of USD strength that took out local resistance levels and stops. But I wonder if this move can hold much beyond today as we were already pricing for very good news and now the best possible news has now been crystallized – with long term uncertainty still very much in play. This could end up proving a sell-the-fact moment for the US dollar in the big picture. Still, there is a risk to EURUSD to 1.1050 if 1.1200 can't be regained very soon and USDJPY to 149+ if 146.00 or lower can't be regained.' Commodities: Despite the Bloomberg Commodities Index—tracking a basket of 24 major commodity futures, all of which are covered in this update—trading unchanged during the latest COT reporting week to 6 May, this did not prevent additional selling and risk reduction from managed money accounts. Many of these had been left bruised by a month-long, tariff-driven rollercoaster, which had lifted volatility, thereby forcing traders to hold smaller positions. In other words, the latest update highlights positioning ahead of a period that saw easing trade tensions, culminating today with the United States and China agreeing to temporarily lower tariffs on each other's products—a reflection of the punishing impact 100%+ tariffs have had on both countries' ability to export goods in recent weeks. This development has raised concerns about an economic slowdown in both economies, and worries in the White House about television coverage from the United States ending up showing empty shelves. Initial reaction to the tariff reduction news The procyclical sectors of industrial metals—and not least energy—rose strongly on the news, while gold's safe-haven status left it exposed to profit-taking amid a stronger USD and rising US Treasury yields. This was further compounded by a ceasefire between Pakistan and India that seems to be holding, and Ukraine challenging President Putin to engage in talks this week. Crude oil, recently under pressure from an OPEC+ production hike, has initially emerged as the biggest winner, with the news helping to stabilise the demand outlook. Elsewhere, soybeans—the hardest-hit crop in the US–China standoff—are trading higher, while corn and wheat continue to struggle amid weak exports and favourable planting conditions across the US Plains. However, an expanded Brazilian soybean acreage and the upcoming corn harvest may limit upside potential for now. In gold, the key levels of support to look out for are USD 3,200 followed by USD 3,165—the pre-Liberation Day high and the 0.618 Fibonacci retracement of the recent USD 540 rally. The two crude oil futures, meanwhile, have recently been settling into wide 10-dollar ranges, with resistance for now looking firm at USD 65 and USD 69 respectively in WTI and Brent. Broad risk reduction seen ahead of easing trade tensions Energy: Selling of WTI and Brent extended to a second week, lowering the combined net long by 16% to a near six-month low at 191k contracts, while both the London- and New York-traded diesel contracts saw their net short positions double—both to around 20k contracts. Metals: Gold selling, albeit moderate, extended to a seventh consecutive week, leaving the net long at a fresh 14-month low of 112k contracts—a 56% reduction since September's peak above 250k contracts—and highlighting the importance of buyers in Asia and central banks in preventing the yellow metal from seeing a deeper correction. Light activity was seen in the other metals with silver and platinum seeing net selling, copper was bought for a fifth week while the palladium short was cut by 10%. Agriculture: Except for CBOT wheat, the grains sector was exposed to broad selling, led by soybeans and, not least, corn, which drove a reduction in the net long from a near two-year high in February back to neutral. It is also worth noting an ongoing divergence between soybean oil, which has risen 23.5% this year, and soybean meal, which has slumped by 10%—reflecting strong demand for biofuels, especially in Brazil, following a decision to raise the biodiesel blending mandate from 14% to 15% in March. The heightened demand for soybean oil has incentivised processors to increase soybean crushing activities to extract more oil, inadvertently leading to an oversupply of soybean meal, the co-product of this process. These developments have driven a sharp divergence in positioning between the two, with hedge funds currently holding a record short position in the soymeal contract.
