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Agnico Eagle Mines Limited, a Canadian gold mining company, has been downgraded from Buy to Neutral by UBS, with a price target raised from USD 100 to USD 110. The company operates in Canada, Australia, Finland, and Mexico, with notable sites including the Canadian Malartic complex and Detour Lake. Its exploration projects span multiple regions, enhancing its portfolio in the precious metals sector.
Agnico Eagle Mines Limited, a Canadian gold mining company, has been downgraded to Neutral from Buy by UBS, with a price target increase to US$110 from US$100. The company operates in Canada, Australia, Finland, and Mexico, with a diverse portfolio of mines and exploration projects across these regions. Key operations include the Canadian Malartic Complex, Detour Lake, and Fosterville, among others.
A crypto trader transformed a $2,000 investment in PEPE into an astonishing $43 million. After capitalizing on this massive gain, the trader sold their holdings, securing a profit of $10 million. This remarkable feat highlights the volatile yet lucrative nature of cryptocurrency trading.
US import tariffs on crude oil from Canada and Mexico are set to end next Wednesday, with a potential 10% tariff on Canadian oil and 25% on Mexican oil. However, the market anticipates these tariffs may not be implemented, as evidenced by the narrowing price discount for Canadian oil, which has dropped significantly in recent weeks. This shift may also be influenced by expected reductions in oil supplies from Venezuela, positioning Canadian oil as a viable alternative for US refineries.
Santander Private Banking has been recognized as the Best International Private Bank in multiple Latin American countries, including Argentina, Brazil, and Mexico, by Euromoney. The bank also excelled in discretionary portfolio management and services for High Net Worth Individuals across various regions. With nearly 500 billion euros in assets under management and a significant profit increase, Santander continues to emphasize customer focus and innovation in its global operations.
At the 2024 World Pork Expo, Rabobank's Christine McCracken highlighted a positive shift in the North American pork market, with improved supply-demand balance and reduced feed costs boosting profitability for U.S. hog producers. Despite softer pork demand, particularly in the U.S., there are optimistic signs for the second half of the year, especially with reduced competition from beef and chicken. Canada and Mexico remain vital partners, with Mexico's strong demand for U.S. pork driven by cultural preferences and economic growth, despite potential uncertainties from political changes.
The Trump administration's 25% tariff on imported vehicles and certain auto parts, effective April 2, 2025, is viewed by Deutsche Bank as a permanent policy to encourage reshoring of automotive production to the US. Analysts predict that while Tesla and Ford will be less affected due to their domestic operations, General Motors will face significant challenges due to its manufacturing in Mexico. The tariffs are expected to lead to production adjustments and cost recovery efforts among OEMs and suppliers, creating a volatile environment in the automotive industry.
Starting in April, the USA will impose a 25% tariff on car imports and parts, with additional duties affecting the automotive supply industry by May 3. President Trump views these tariffs as permanent, potentially escalating a global trade war, particularly impacting European and Asian manufacturers. The tariffs could drive up vehicle prices, influencing inflation and the consumer price index, while currency depreciation may offer some cost relief to European and Mexican manufacturers.
Nestlé S.A., the world's leading food group, reports its sales breakdown by product family: powdered and liquid beverages (26.9%), pet food (20.7%), pharmaceutical and nutrition products (16.6%), prepared dishes and seasonings (11.7%), dairy and ice creams (11.4%), chocolates and cookies (9.2%), and packaged waters (3.5%). Geographically, sales are concentrated in the United States and Canada (35.2%), followed by China (5.9%), Brazil (4.4%), and several European countries, with Switzerland at 1.2% and the UK at 4%.
Scotiabank has appointed Pablo Elek, previously a top executive at HSBC's Mexico unit, as CEO of its Mexican operations, effective May 15. This move aligns with the bank's strategy to focus on North America, as it shifts capital away from Latin America, including the transfer of operations in Colombia, Costa Rica, and Panama to Banco Davivienda. CEO Scott Thomson noted that while the bank is cautious about U.S. tariffs, it remains committed to its North American corridor strategy.
Mexican Peso
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agnico eagle mines downgraded to neutral with price target increase to 110
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Agnico Eagle Mines Limited
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16:53 31.03.2025
agnico eagle mines downgraded to neutral with price target increase
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Agnico Eagle Mines Limited
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16:53 31.03.2025
Crypto trader transforms two thousand into forty three million in profit
14:18 30.03.2025
us import tariffs on canadian and mexican crude oil may not materialize
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Commerzbank AG
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12:48 28.03.2025
santander private banking recognized as leader in international wealth management awards
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10:04 28.03.2025
North American pork market outlook shows signs of recovery and demand shifts
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01:59 28.03.2025
us auto tariffs aim to reshape industry and encourage domestic production
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18:46 27.03.2025
us car tariffs spark trade tensions and impact inflation
09:36 27.03.2025
nestlé maintains leading position in global food market with diverse product range
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Nestlé S.A.
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16:59 26.03.2025
Scotiabank appoints Pablo Elek as CEO of Mexico unit
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Banco Santander SA
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HSBC Holdings plc
MEX
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PAN
CRI
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Scott Thomson
Pablo Elek Hansberg
Michael O'boyle
Adrian Otero
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13:07 26.03.2025
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