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Latest news with #pesos
Bloomberg
4 days ago
- Business
- Bloomberg
Colombia's Corporate Debt Revival Cut Short by Fiscal Turmoil
A rebound in bond sales by Colombian companies last year proved short-lived, falling victim to President Gustavo Petro's determination to whack up fiscal spending in defiance of investor concerns. Corporate bond sales dropped more than 70% through early July to the equivalent in pesos of about $122 million, according to data by the country's stock exchange. That is reminiscent of the post-pandemic slump of 2023.
Bloomberg
5 days ago
- Business
- Bloomberg
Walmart Mexico Shares See Biggest Drop Since 2018 After Earnings
Walmart de Mexico SAB de CV shares plunged Thursday — their worst drop since November 2018 — after posting quarterly profit that missed estimates. Shares sank as much as 8% on Thursday and closed at 53.49 pesos ($2.85), a four-month low.
