Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 275

Posts Tagged ‘mexico’

Metaurus Advisors Cross-Lists Two First-of-Their-Kind ETFs in Mexico

Posted by fidest press agency su domenica, 21 luglio 2019

Metaurus Advisors, a US-based financial innovation and asset management company, announced that it has, with the assistance of Bank of America Mexico, cross-listed two exchange traded funds on the Bolsa Mexicana de Valores (BMV); the Metaurus US Equity Cumulative Dividend Fund – Series 2027 (IDIV*: BMV) and the Metaurus US Equity Ex-Dividend Fund – Series 2027 (XDIV*: BMV).These innovative ETFs, which may have interesting tax characteristics for some non-US investors, separate the S&P 500 Index into its two return “components”— a “Dividend Component” based on the dividend cash flow (IDIV*) and a “Price Component” based on the capital appreciation (XDIV*). By unbundling these two previously inseparable sources of equity returns, investors now have the ability to trade them independently of one another for the first time. They enable investors to better express preference between the dividend cash flow and price exposure of the S&P 500 Index by using these components in isolation, or, re-combining them in varying ratios to potentially introduce new risk and return profiles for their index exposure.The Metaurus Cumulative Dividends Fund (IDIV*) represents the “Dividend Component” and is designed to provide returns generated by the dividend growth of the S&P 500 Index, without stock price risk, while making periodic payments that replicate the actual dividends paid. IDIV employs a passive strategy that seeks to track, before fees and expenses, the Solactive US Cumulative Dividends Index-Series 2027.The Metaurus Ex-Dividend Fund (XDIV*) represents the “Price Component” and is the remaining exposure to the S&P 500 Index after the future dividends have been stripped out. This fund is designed to provide full price exposure to the S&P 500 Index at a capital investment that is reduced by the value of the stripped dividends. XDIV employs a passive strategy that seeks to track, before fees and expenses, the Solactive Ex-Dividend Index-Series 2027.

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AM Best Affirms Credit Ratings of Berkley International Fianzas Mexico S.A.

Posted by fidest press agency su domenica, 12 maggio 2019

AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of “aa-” and the Mexico National Scale Rating of “aaa.MX” of Berkley International Fianzas Mexico S.A. (BFM) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable.BFM is a member of W. R. Berkley Insurance Group (Berkley Group), which on a consolidated basis, has a balance sheet strength that AM Best categorizes as strongest, as well as strong operating performance, a favorable business profile and appropriate enterprise risk management (ERM).The ratings reflect BFM’s substantial reinsurance support from its group through the Berkley Insurance Company. Additionally, the ratings factor in BFM’s integration with its parent company, W. R. Berkley Corporation (W. R. Berkley), in terms of underwriting, ERM and capital commitments. Limiting the ratings is the inherent risk of a startup company implementing its business plan and the potential for volatility in Mexico’s economy during 2019.BFM was formed in November 2016, and is the Mexico surety subsidiary of W. R. Berkley. The company received regulatory approval for operations in June 2017 and issued its first policy that same month. The company plans to develop a regional presence in northwest Mexico, through a predominant mix of administrative surety, and a lesser portion of credit and judicial products strongly backed by a comprehensive reinsurance contract with its parent company.BFM’s solid risk-adjusted capitalization is derived from its strong capital position in support of its premium growth during its first years of operation, which is strengthened further by the comprehensive reinsurance contract with its parent company. Furthermore, AM Best recognizes W. R. Berkley’s commitment to its subsidiaries providing additional capital fungibility to the Mexico operation.As a recently formed company, BFM will have to produce sufficient volume to compensate for its fixed costs, while posting adequate underwriting performance on its retained premium. While the BFM management and underwriting team have a successful track record, the business plan implementation has to evolve for AM Best to evaluate the company’s operating performance adequately.While the company has an experienced team of underwriters, achieving an adequate premium volume might prove more challenging than anticipated. This is due to uncertainty with regard to the new federal government’s spending on infrastructure, which could diminish and impact surety sector growth in the coming years and potentially limit the company’s growth prospects.If positive rating actions are taken on the main operating subsidiaries of the Berkley Group for substantial and sustained improvement in operating performance results relative to their peers, BFM’s ratings likely would move in tandem. Conversely, if negative rating actions are taken on the Berkley Group as a result of a sustained deterioration in the group’s underwriting or operating results, BFM’s ratings would mirror those same actions. Negative rating action also could be driven by accident year results or adverse development of prior years’ loss reserves at the parent level, or result from a change in the financial position of the group’s holding company that prompts the withdrawal of capital from the group or causes an increase in financial leverage or decline in interest coverage at the holding company that is not supportive of the current ratings.

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Octo Telematics Continues Market Expansion in Mexico

Posted by fidest press agency su giovedì, 31 gennaio 2019

Octo Telematics, a leading global provider of telematics and data analytics solutions for the auto insurance industry, announced that it continues to expand its footprint throughout the Mexico market and has partnered with Qualitas, Mexico’s largest auto insurer with operations throughout Mexico, Latin America and the United States. Qualitas, with over four million insured vehicles, will work with Octo to develop the telematics market in Mexico by leveraging Octo’s driving behavior analytics in the commercial lines space.
Octo continues to lead the burgeoning global usage-based insurance (UBI) market, which Ptolemus recently reported had grown by 40 percent in a year, to 21.6 million active policies by the end of June 2018. Octo’s leading market share of active UBI policies, combined with its proven ability to provide both data and actionable insights to the insurance industry, will enable Qualitas to continue its insurance leadership position. Octo will supply Qualitas with fleet telematics as it expands its commercial offerings throughout Mexico with a new program, available to its customers in early 2019. The program will include risk management and asset utilization by leveraging driver behavior data and Qualitas’ commercial fleet customers will be able to track vehicles at all times, better serve customers with accurate and intelligent logistics, improve driver safety and prevent accidents.Markets and Markets reports that the Internet of Things (IoT) and telematics have led to a wave of connectivity, and that they collectively are driving profound change in the global automobile industry, including a growing opportunity in the sector for automotive connected insurance ecosystem players. Qualitas recognized this and wanted a partner that understands the industry and its challenges, as well as offering a wide range of capabilities including scoring, analytics, and advanced crash detection and crash services.In the “2019 CIO Agenda: Insurance Industry Insights,” a recently published Gartner research paper, analysts indicated that data and analytics continues to be the most commonly mentioned game-changing technology among insurance CIOs. Octo Telematics data will allow Qualitas to improve efficiency and productivity of its customers’ fleets: reducing fuel consumption, limiting unauthorized asset utilization and improving driver safety. The Octo fleet management console provides vehicle and driver behavior data at the individual, fleet segment or holistic fleet level. The management console will allow fleet managers to locate vehicles, monitor performance and support drivers in real time with location, usage and vehicle health data.

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Mexico’s “Silence Law” Demoted OTC Discussion of Oil Reform – Energia.com

Posted by fidest press agency su mercoledì, 23 maggio 2018

A report on Mexico’s profile at the Offshore Technology Conference (OTC) has been published by Mexico Energy Intelligence® (MEI), a Houston-based digital publication dedicated to regulatory, commercial and institutional developments in the Gulf of Mexico.OTC is the premier global conference for the oil and gas industry. This year it was attended by some 70,000 delegates, speakers and exhibitioners from more than 100 countries. Its speakers come from the top ranks of industry, government and academia.The report tells how Mexico’s “Silence Law” indirectly nixed discussion of the unprecedented opening of the country’s oil and gas resources to private investment. In fewer than 3 years, Mexico’s National Hydrocarbon Commission (CNH) held 8 lease auctions and awarded 107 contracts to nearly 80 companies from a dozen countries. What has been the experience of bidders and Pemex partners? What is the outlook for production and policy continuity? What could be improved? Such questions would ordinarily be the focus of OTC panels.This year, however, a uniquely Mexican restriction of speech interfered with OTC programming. A “Silence Law” prohibits officials from speaking in public during the 3 months prior to a presidential election about their accomplishments. Prudently or otherwise, officials interpreted this law to include OTC. Given the unavailability of high-level government speakers, OTC decided to eliminate panels that would assess the success and misalignments of the upstream reforms.
Although absent from the program, Mexico was not absent from the premises. Pemex had a booth in the main exhibition hall and there was a Mexico Pavilion in an adjacent building.Ulises Hernández was a last-minute, breakfast speaker on the final day. He spoke of Pemex’s plans to develop its portfolio and to seek partners for frontier plays. Ernesto Ríos, director of Mexico Petroleum Institute, said it could serve as a bidder’s engineering partner in a lease auction. The presentations showed the expanding commercial ambitions of these government agencies.One panel on investments in the Gulf of Mexico featured a real-time survey via a cellphone app. One question asked about the “biggest inhibitor to unleashing Mexico’s oil potential.” 67% answered “political uncertainty.”“Beyond matters concerning Mexico, OTC 2018 was another all-you-can-eat buffet of learning and networking opportunities regarding energy law, regulation and technology,” observed George Baker, MEI’s publisher.

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Azbil North America Establishes Subsidiaries in Mexico

Posted by fidest press agency su sabato, 21 aprile 2018

Azbil North America, Inc. (headquarters: Phoenix, Arizona; President: Gary W Johnson), a U.S. subsidiary of the azbil Group, announced today that it has established Azbil Mexico, S. de R. L. de C.V. (hereafter “Azbil Mexico”) and Azbil Mexico Services, S. de R. L. de C.V. (hereafter “Azbil Mexico Services”) as its subsidiaries in order to provide systems and services to automobile and production equipment manufacturers in Mexico. The companies began operations on January 31.In recent years, the Mexican economy has seen the progressive clustering of manufacturing brought about by the entry of foreign-owned companies into Mexico, especially in the automotive industry, where Japanese automobile and production equipment manufacturers have also increasingly established manufacturing subsidiaries since the free-trade agreement between Japan and Mexico entered into force in 2005. With these situations as a background, Azbil Mexico has been established as a base for the azbil Group in Guanajuato, where numerous Japanese companies are located. The company provides control systems and factory automation (FA) systems for production lines as well as related services, for the purpose of providing prompt and conscientious services to customers. Led by Azbil North America, the new company aims to achieve annual turnover of 200 million yen for 2019 in Mexico by providing technical assistance for maintenance, etc., and by implementing the business plan designed for the Americas.

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ClearSale to Visit Mexico to Meet with Merchants on Fraud Prevention

Posted by fidest press agency su lunedì, 28 agosto 2017

messicoWhile 4 of every 5 online purchases from Mexico are legitimate, issues with high chargeback rates and declines have created issues for e-commerce merchants and customers alike. ClearSale, pioneers in fraud protection and with extensive experience in the Latin American market, will be addressing these challenges during a roadshow to Mexico the week of August 28th, 2017.Executive Vice President Rafael Lourenco will be visiting Mexico during the last week of August to meet with merchants and payment companies with the intent of educating companies on how ClearSale’s industry-leading fraud prevention tools can help build consumer confidence in the region, while gaining a greater understanding of the challenges facing e-commerce in Mexico.The Mexican market has been a challenge for online merchants, due to a poor reputation for fraud. Chargeback rates from the region are 2.8 times higher than the global average, with decline rates in 2015 being as much as twice that of the global average.As a result, fear of fraud can lead some merchants to avoid transactions with customers whose purchases originate from Mexico. Worse, false declines can damage a merchant’s reputation, with 32 percent of customers refusing to return to a vendor where their purchase was erroneously declined.ClearSale is looking to change that, starting with Mr. Lourenco’s visit. The company already has extensive experience in high risk markets in Latin America, where ClearSale holds an 85% market share. The company uses a unique and innovative review process that has led to the lowest false positives and the highest levels of approval in the industry. No transaction is ever declined without it being manually reviewed by one of ClearSale’s on-site team of seasoned analysts.

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CIGI co-sponsors conference on strengthening the FSB

Posted by fidest press agency su mercoledì, 18 aprile 2012

Mexico City and Waterloo, Canada The Centre for International Governance Innovation (CIGI), along with the Bank of Mexico and the Bank of Canada, was a co-sponsor of a conference on the strengthening of the Financial Stability Board (FSB), held in Mexico City April 12-13, 2012. The purpose of the meeting was to exchange views and thoughts on the appropriate measures to strengthen the role of the FSB as the primary international organization responsible for coordinating the financial sector regulatory and supervisory policies internationally. Mexico’s Secretary of Finance and Public Credit, José Antonio Meade, gave the opening remarks of the conference. The Governor of the Bank of Mexico, Agustín Carstens, the Governor of the Bank of Canada, Mark Carney, officials and former officials from central banks and finance ministries in member countries of the FSB and G20, as well as academics and experts on financial stability and international governance contributed to the discussion. There was broad agreement on the importance of strengthening the institutional footing of the FSB and providing it with increased, ongoing financial resources as well as measures to expand the scope, effectiveness, and legitimacy of the FSB. The strengthening of the FSB is part of the G20’s agenda. Mexico holds the G20’s rotating presidency this year.

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Pope Benedict To Visit to Mexico & Cuba March 23-28

Posted by fidest press agency su venerdì, 23 marzo 2012

Pope Benedictus XVI

Pope Benedictus XVI (Photo credit: Wikipedia)

by Michelle Laque Johnson. Pope Benedict XVI’s visits Mexico and Cuba, a trip planned to span 5 days, from March 23-28. This visit includes a meeting with Mexican president Felipe Calderon Hinojosa, Mass in the Parque Bicentenario in the municipality of Silao; a meeting with representatives from the ninety-one dioceses of Mexico; then a meeting in Cuba with Cuban President Raul Castro; a visit to the Shrine of Our Lady of Charity and a visit to Havana, greeted by Cardinal Jaime Ortega y Alamino, archbishop of Havana and by other religious and civil authorities. On the morning of Wednesday 28 March, the Pope will preside at Mass in the Plaza de la Revolucion “Jose Marti.” Fourteen years ago, Pope John Paul II not only traveled to Mexico, but made the first papal trip to Cuba in its history. Now, all eyes are on Pope Benedict as he visits these two highly politicized countries – and only EWTN will have crews on the ground to provide you with the most complete and authoritative coverage available. Because EWTN was there with Pope John Paul II and continues to broadcast into Cuba and Mexico daily, only EWTN can compare and contrast the two visits with the authority you’ve come to expect. On the English side, EWTN News Director Raymond Arroyo, who has anchored more papal events than anyone in the industry and who covered John Paul II’s visit in 1998, will direct our coverage. Father Roberto Cid, Director of Radio Paz in the Archdiocese of Miami, and Msgr. Heberto Diaz, vicar general of the Diocese of Brownsville, Texas will join Arroyo to provide color commentary. In Cuba, a political highlight will be the meeting with President Castro, but for the people, one of the highlights of the trip will be the Pope’s visit to the Shrine of the Virgin of Charity at 10:30 a.m. ET, Tuesday, March 27, to commemorate the 400th anniversary of the discovery of her statue in the Bay of Nipe. On the Spanish side, EWTN Español will feature four anchors: EWTN “Nuestra Fe En Vivo” Host Pepe Alonso; Father Jose Menendez, pastor of Corpus Christi Parish, in Miami; Jaime Septiem, General Director of El Observador, a Catholic newspaper in Queretaro, Mexico, and host of EWTN’s weekly show “Ventana Abierta” on EWTN Español, on the ground in Mexico; and Alejandro Bermudez, director of EWTN Noticias and ACI Prensa, on the ground in Cuba. One of the highlights of the Mexico trip will occur at 7:30 p.m. ET, Sunday, March 25, when the Pope will meet not only with the Mexican bishops, but also with the heads of the Episcopal Conference of Latin America; in other words, the hierarchy of the entire Hispanic Catholic Church in North America. According to Enrique Duprat, EWTN’s Director of Spanish Production, “Pope Benedict has made it clear that the ‘new evangelization’ includes efforts to reach out to countries that were already Christianized, but where Catholics and other Christians are still fighting for religious freedom.”

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Bank Of Mexico Chief Sees Growth in Mexico

Posted by fidest press agency su sabato, 25 febbraio 2012

With the necessary structural changes to encourage investment and development in key sectors, Mexico’s economy has the potential to grow by 6 percent annually, according to Agustin Carstens, governor of the Bank of Mexico.However, given recent international complications like the European debt crisis and weak economic growth in the United States, Carstens recently predicted Mexico will see a “relatively high” economic growth rate of 3.5 percent for the next several years.“We expect only a slight boost from the world economy,” Carstens told a meeting at Mexico’s Ministry of Foreign Affairs. While he warned that Mexico will do better than many of its international counterparts, 3.5 percent growth is not enough to generate the jobs Mexico needs.According to Julio Hernandez, U.S. Grains Council director in Mexico, two big questions right now are the extent of growth Mexico’s economy will actually see and the effect this will have on Mexico’s demand for U.S. grains. “We want to continue to see steady funding in capital and labor to ensure Mexico’s infrastructure systems remains as strong and efficient as possible,” Hernandez commented.
Based on USDA’s long-term agricultural projections released this week, Mexico’s corn imports will grow to 15 million metric tons (590 million bushels) in 2021, the second biggest growth market behind China.

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A mexican day in the life of a Cliff Diver

Posted by fidest press agency su lunedì, 11 aprile 2011

The Red Bull Cliff Diving World Series gets into the rhythm for the second stop in Mexico Coming to Mexico means a change of pace. The day begins relaxed and the Latin American spirit and love for life builds up hourly before it peaks as the air cools down again late in the evening. This rhythm applies perfectly to the high diving elite who have come to the Yucatán Peninsula for the second competition of the Red Bull Cliff Diving World Series this weekend at Cenote Ik Kil. Like the Mexican lifestyle, concentrated and intense preparation leads to a firework of dives on competition day. The location for the second stop of the 2011 World Series is a root-covered sinkhole in the neighbourhood of the pre-Columbian Mayan city of Chichen Itza. One has to leave civilization behind and follow the lonely and empty road with its natural and green noise protection wall to find the entrance to the park of Cenote Ik Kil. To provide the athletes with the same light conditions as during the competition, the first training is scheduled for 11am; about half an hour before the joyful chatting and joking in all different kinds of languages and English accents heard around the sacred well turns into deafening silence. The twelve athletes have just started their mental and physical preparation for the day’s first dives. Current World Series leader Orlando Duque (COL) explains why: “Once we are getting ready, it’s different, it’s business. Everybody is focused a hundred percent. You are diving. You are ready. Your mind is set to what you are doing. That is when we stop joking and get more serious, because it is a serious game.” As soon as it is time for the first three-second flights, all energy is put into the jump off the 27m platform. Numerous somersaults and twists let the divers speed up to 85kph and the thunderous sound which is created when the divers hit the water gives a vivid impression of how much power is produced during the free fall.Red Bull Cliff Diving World Series 2011. New divers, spectacular locations and creative tricks in the air – the Red Bull Cliff Diving World Series has come up with a few innovations for the third edition in 2011. Between March and September, the world’s best high divers fight for the title of World Series champion in seven challenging competitions. For the breathtaking three-second flights between take-off and hitting the water smoothly from a height of at least 26.5 metres, extraordinary natural and demanding urban venues have been chosen: kicking off in March in Rapa Nui (CHI), the World Series returns to Mexico (Yucatán) in April. The first competition on European soil takes place in Greece (Athens) in May, followed by France (La Rochelle) and Italy (Malcesine) in successive months. After a trip to the United States (Boston) in August, the grand final is hosted by the Ukraine (Yalta) on September 4. Red Bull Cliff Diving competitions are judged by five international judges with scores awarded according to the degree of difficulty and execution of the dive. (dt1104..)

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Buen Vivir en Mexico

Posted by fidest press agency su mercoledì, 22 settembre 2010

Del 17 de septiembre al primero de octubre el Movimiento de Liberación Nacional de México, la Asamblea Nacional de Afectdos Ambientales, los Sindicados mexicanos de Electricistas y Maestros, las universidades UNAM y UACM de Ciudad de México, el CASIFOP, el Movimiento Urbano Popular, las comunidades en resistencia de los estados de Morelos, Michoacan, Jalisco, Mexico y otras realidades sociales del país organizan en muchas ciudades una serie de iniciativas para presentar la edición latinoamericana del libro Buen Vivir – por una nueva democracia de la Tierra, a la presencia del autor Giuseppe De Marzo. El libro, publicado en Italia por la editorial Ediesse (del sindicato CGIL), ha sido traducido en América latina por la editorial boliviana Plural. La gira toma el via justo en ocasion del bicenterario de la independencia mexicana y tocará 12 ciudades constituyendo ademas, a poco mas de tres meses de la cita con la Conferencia Mundial de la ONU sobre el Clima (que se desarrollarà en diciembre en Cancún) una importante ocasión de encuentro y intercambio con los movimientos sociales mexicanos para articular propuestas, movilizaciones y actividades que la sociedad civil llevará adelante durante los días del Cop16. En Cancún estará presente una delegación de la Red italiana por la Justicia Ambiental y Social – Rigas que agrupa a más de 60 organizaciones sociales, sindicados, movimientos y comités territoriales italianos.

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