International Business : Global Markets and Economic Update
- Share via
MEXICAN STOCKS
* Mexican stocks plunged after the deputy attorney general resigned and accused senior ruling party officials of covering up the investigation into the murder of Jose Francisco Ruiz Masseiu, the party’s secretary general. The Bolsa stock market index fell as much as 75 points to 2,376.23 after the official said the top two party leaders had hindered his investigation. * The prospect that party officials obstructed the inquiry has again put fractious politics in the spotlight, undermining investor confidence.
* Share prices later recouped some of the losses and closed at 2,416.67. Source: Bloomberg Business News
SPOTLIGHT: MOROCCO
Economic reforms encouraged by international lenders have reduced budget deficits and led to increased foreign investment. But the economy still suffers from a high rate of population growth, high unemployment, the vulnerability of agriculture to droughts and an over-reliance on exports of phosphates.
Sources: Bank of America; World Information Services
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
