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Mexican

By Susan Mathew

Oct 2 (Reuters)Argentina’s peso dropped on Friday after the central bank said it would allow a managed float of the currency, while most other Latin American units fell as global sentiment took a hit after U.S. President Donald Trump tested positive for the novel coronavirus.

The Argentine peso ARS=RASL led losses with the bank saying it would abandon its current “uniform daily devaluations and introduce greater volatility” as the gap between the official exchange rate and the rate quoted in informal currency markets widened close to 93%.

The bank said it would offer trades at 76.95 pesos per dollar at Friday’s open, around 0.91% weaker than the close on Thursday. It also increased the important overnight repo rate to 24%, from the current 19%.

“Even if the number of measures announced is not low, we do not expect them to change the current dynamics.

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The coronavirus pandemic stopped work for nearly a month at the California farm where Luis earns $80 a day picking tomatoes, but that didn’t stop him from sending $800 to family in Mexico.

The money had traveled far by the time he was back at work in June. It kept his family fed, funded his father’s hernia operation and paid for other medical expenses.

Early in the pandemic, experts predicted that migrant workers in the U.S. like 32-year-old Luis — who didn’t want his last name used for fear of losing his job and being deported — would wire home less money as the virus hammered the American economy. But those predictions didn’t materialize for workers from Mexico, who have sent home huge amounts of money, called remittances.

In August, their payments amounted to $3.57 billion, according to the Bank of Mexico, the second-highest level on record for a single

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PHOENIX (AP) — The coronavirus pandemic stopped work for nearly a month at the California farm where Luis earns $80 a day picking tomatoes, but that didn’t stop him from sending $800 to family in Mexico.

The money had traveled far by the time he was back at work in June. It kept his family fed, funded his father’s hernia operation and paid for other medical expenses.

Early in the pandemic, experts predicted that migrant workers in the U.S. like 32-year-old Luis — who didn’t want his last name used for fear of losing his job and being deported — would wire home less money as the virus hammered the American economy. But those predictions didn’t materialize for workers from Mexico, who have sent home huge amounts of money, called remittances.

In August, their payments amounted to $3.57 billion, according to the Bank of Mexico, the second-highest level on record

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By Susan Mathew

Sept 30 (Reuters)Mexico’s peso jumped as much as 2.2% on Wednesday, and most other Latin American currencies erased session losses as the dollar pared gains, with hopes of conservative spending in Brazil bolstering its currency.

The greenback gave up gains it had made after a chaotic U.S. presidential debate. It fell against most currencies as risk sentiment got a lift after U.S. government officials expressed hope that another stimulus package could be passed to help ease the economic impact of the coronavirus-induced recession. FRX/

The peso MXN=more than made up for losses over the last three sessions and was poised for its best session in three weeks. While it is on track to post its best quarter this year, the impact of rising coronavirus cases on a battered economy looms large.

Brazil’s real BRBY gained 0.4% after Economy Minister Paulo Guedes said

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Soon after closing his short-lived Bushwick bakery, the Awkward Scone, in June this year, chef Eric See set off on a weeks-long road trip through New Mexico, where he grew up. After more than a decade spent working as a pastry chef in New York for industry veterans like former Locanda Verde star Karen DeMasco, running pop-ups, and opening up his own establishment, See wondered if he had it in him to continue in the city after the COVID-19 pandemic decimated his business, like countless others across the city.



a store front at day: Eric See’s second NYC restaurant, Ursula, opens in Crown Heights today


Eric See’s second NYC restaurant, Ursula, opens in Crown Heights today

While driving through New Mexico, however, See soon realized that the situation there wasn’t much different either. Despite the odds, restaurants were trying to survive however best they could. Upon his return to New York, See was transfixed by a new-found enthusiasm he could see on the streets of Brooklyn,

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By Sagarika Jaisinghani

Sept 29 (Reuters)The Brazilian real and the Mexican peso outperformed Latin American currencies on Tuesday following a slump in the past two sessions, while regional equities tracked a slide on Wall Street ahead of the U.S. presidential debate later in the day.

The real BRBY was up 0.2% by 1524 GMT, with the dollar slipping from recent two-month highs as investors held off on making big bets ahead of the first debate between U.S. President Donald Trump and Democratic challenger Joe Biden. FRX/

Brazil’s real has fallen to record lows this year due to the economic fallout from the COVID-19 pandemic, although a string of recent data has raised hopes that Latin America’s largest economy could return to growth next year.

Investor sentiment has also been subdued by concerns around the government’s plans to fund a new minimum income program called Renda Cidada, which

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Brandon Porcasi Puts His Business Skills in Fruitful Test With the Opening of Curbside Mexican Grill

Brandon Porcasi, an alma mater of Robert B. Willumstad School of Business, recounts some of the inspiring goals towards the startup of Curbside Mexican Grill.

Rockville Center, NY – In a recent update on their website, Curbside Mexican Grill, a topnotch Rockville Center Mexican food restaurant, issued an update concerning their top owner Brandon Porchasi. Even though the restaurant enjoys management from the two brothers who are business partners as well, Brandon Porchasi had the chance to share his personal experience. 

Speaking on the phone with his alma mater, Brandon shared his classwork experience with opening a real business. One of the top rules of entrepreneurship is, everything that an entrepreneur does is for the benefit of the business. By this, he recounts how this principle guides and gears him towards the success of the company. 

He said that when he gets a rare day of the business from their

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John Shearer, Shopper News
Published 6:01 a.m. ET Sept. 22, 2020

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A quick look inside Taqueria La Herradura

Knoxville News Sentinel

The Taqueria La Herradura Mexican eatery got its start in Knoxville four years ago selling tacos and other dishes out of a food truck, and now it will be selling its food in Bearden to customers waiting in their vehicles.

While the signs have been up for several weeks, proprietor Jose Meza said his restaurant in the former Chick-fil-A drive through at 7063 Kingston Pike should be opening before the end of the month, pending a final inspection from local officials.

With both their quick-service philosophy and the current coronavirus pandemic making drive-through restaurant service even more appealing, Meza thought this restaurant site was perfect.

“It’s a good location, especially with the pandemic,” he said. “It’s pretty much the same concept we have. We didn’t have to redesign

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MEXICO CITY, Mexico (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday money stolen by corrupt officials should be returned, a day after it emerged that a key witness in his battle against corruption had accused former presidents, ministers and lawmakers of graft.



a man standing in front of a microphone: Mexico's President Lopez Obrador holds a news conference in Mexico City


© Reuters/HENRY ROMERO
Mexico’s President Lopez Obrador holds a news conference in Mexico City

The president’s demand came after a photocopy of a 63-page declaration by Emilio Lozoya, a former chief executive of national oil company Petroleos Mexicanos (Pemex), began circulating in Mexican media on Wednesday.

In the document, which was seen by Reuters, Lozoya accused ex-presidents Felipe Calderon and Carlos Salinas of corruption, along with former president Enrique Pena Nieto, his ex-finance minister, Luis Videgaray, and more than a dozen others.

“They have to return the money,” Lopez Obrador told reporters during a regular morning press conference, without specifiying to whom he was

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