In late December, Kathy Machir called Marcela Zavala Taylor, her banker of nine years at Mexico’s Monex Casa de Bolsa, to get cash for contractors building her retirement home in San Miguel de Allende. Typically, Zavala would wire money or dispatch her assistant, Juan, on his motorcycle with an envelope full of pesos.
With a tiny budget, the malaria clinic, which was opened in 1973, relies on donations.
Between 20 and 30 people a day from all over the country come get diagnosed and receive medication to alleviate the symptoms of a disease that can be fatal.
While alarming and fascinating in equal measure, these headlines conceal another tale — one of a country undergoing a breakneck expansion into the world of flying as its people take to the sky in rapidly increasing numbers.
Ford is facing an assortment of challenges, including sales and share declines in the U.S. and China, its key markets. It’s been hit hard by President Donald Trump’s trade wars, and this week the auto giant confirmed it is axing 7,000 white-collar jobs, with some questioning whether further cuts could follow.
“The Jul/Aug spread continues to move into deeper backwardation, with the spread trading as high as US$0.78/bbl this morning, up from US$0.61/bbl on Tuesday. This spread strength does suggest that the spot physical market continues to tighten,” Patterson noted.
Gold & Silver
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