The Impact of Remittances on Mexico's Economy and Peso

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This chapter explores the influence of remittances on Mexico's economy and peso, highlighting President Andres Manuel López Obrador's favorable perspective. It also delves into the attraction of investors due to the strong peso and interest rate differential, while acknowledging the associated risks associated with relying on remittances.

Standard Chartered has sounded out UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid as potential candidates for its next chair, BP reported its second-biggest annual profit in a decade, and the FT’s Michael Stott explains the dark side of money flowing from the US to Mexico. Plus, WeWork’s former CEO Adam Neumann is trying to buy the company out of bankruptcy.

Mentioned in this podcast:

Standard Chartered taps political heavyweights as potential new chair

BP targets boost for returns as it delivers second biggest profit in a decade

The darker side of Mexico’s $63bn remittances boom

Adam Neumann seeks to buy WeWork out of bankruptcy

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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