Illustration of Banxico's interest rate cut to 6.75% amid market declines, peso depreciation, surging oil prices, and Middle East tensions including US-Iran conflict and Strait of Hormuz closure.
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Banxico cuts interest rate to 6.75% despite inflation and Middle East tensions

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Mexico's central bank cut its benchmark rate to 6.75% in a split decision, as global markets closed lower amid the US-Iran war. The BMV fell 1.65%, and the peso depreciated 1% against the dollar. Oil prices rose due to the Strait of Hormuz closure.

Grupo Sura's General Shareholders' Assembly, with over 70% quorum, approved the distribution of $655.411 million in earnings, including a $2,000 per share dividend marking a 33% annual increase. Company president Ricardo Jaramillo highlighted the group's strong financial results. The new Board of Directors was also formed until 2028.

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The Kenyan shilling traded at Ksh129.72 against the US dollar on Thursday, down from Ksh129.30 on March 12, as the US-Israel war against Iran persists. Investors are rushing to the dollar as a safe haven amid surging oil prices. Experts warn of risks from imported inflation and rising living costs.

Indonesia's Finance Minister Purbaya Yudhi Sadewa disclosed underpaying about Rp50 million in his personal annual income tax return. He pointed out glitches in the Coretax system and noted that such shortfalls are common for taxpayers with multiple income sources.

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Egypt's Finance Minister Ahmed Kouchouk announced that his ministry seeks to deepen ties with the Mostakbal Misr for Sustainable Development Authority to support economic growth and create sustainable jobs. The statement came during a meeting with executive director Bahaa El-Ghannam at the authority's headquarters.

Ecopetrol shares dropped 4.96% to $2,680 on the Colombia Stock Exchange on March 24, as the board debates Ricardo Roa's future as president after his imputation for alleged influence peddling. The USO union threatened a national strike if he is not removed. Analysts criticize the timing amid high oil prices.

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AQR Capital Management's US stock portfolio increased to approximately $191 billion in the fourth quarter of 2025, as shown in its latest 13F filing. Nvidia continued as the largest holding after an 18% stake increase, with significant builds in Apple, Microsoft, Alphabet and Amazon.

 

 

 

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