Latest news with #Monex
Reuters
2 hours ago
- Business
- Reuters
Mexican broadcaster Televisa cuts 2025 investment budget, shares rise
MEXICO CITY, July 23 (Reuters) - Mexico's largest broadcaster, Grupo Televisa, reduced 2025 capital spending on Wednesday, lowering it to $600 million from $665 million. Televisa's Co-Chief Executive Alfonso de Angoitia said on a call with analysts that negotiations with suppliers had resulted in more favorable terms for the company. "While we expect CAPEX deployment to accelerate during the second half of the year, we are cutting our CAPEX budget," Angoitia said. Following the call, shares in the world's biggest producer of Spanish-language content were up 3.3%, paring earlier gains of as much as 7.6%. Televisa's ( opens new tab stock has surged over 30% year-to-date, with Wednesday's gain alone adding 820.4 million pesos ($44.18 million) to the company's market capitalization. On Tuesday, the broadcaster reported net profit of 474.5 million pesos for the second quarter, rebounding from a 25.6-million peso loss one year ago. The quarterly profit was largely supported by lower costs, despite a fall in subscriptions, particularly for Televisa's satellite-TV unit, SKY. "Through 2025, we expect the broadcaster to maintain constant challenges in both the cable and Sky segments, but with a less adverse scenario in terms of inflation and comparable bases," analysts at brokerage Monex said. SKY had about 350,000 disconnections and a 16.3% dip in revenue during the second quarter, while the cable segment registered a revenue drop of 2.5% year-over-year. The company's revenue totaled 14.73 billion pesos, a 6% decrease from the same period last year. However, Angoitia added that revenue remained unchanged when excluding the impact of the Mexican peso's depreciation. The peso weakened 2.6% from the end of June last year to the end of June this year. ($1 = 18.5705 Mexican pesos)
Yahoo
a day ago
- Business
- Yahoo
Sterling holds on to gains, investors mull rise in borrowing
By Amanda Cooper LONDON (Reuters) -The pound steadied on Tuesday, consolidating after the previous day's rally, as investors took stock of data that showed UK government borrowing soared in June, a reminder of the fragility of Britain's public finances. Sterling, which rose 0.6% on Monday, its biggest one-day gain in a month, was last at $1.3493, showing little change on the day. It was also steady against the euro, which was at 86.7 pence. Britain borrowed more than expected in June as high inflation added to the government's debt costs, according to official data that is likely to add to speculation about the need for fresh tax increases later this year. Public sector net borrowing totalled 20.7 billion pounds ($27.9 billion) last month, the data showed. This compares with a forecast of 17.1 billion pounds for June from the Office for Budget Responsibility, the budget watchdog. "These overshot expectations yet again, a fact that should refocus minds on UK fiscal sustainability risks, especially after warnings by the ONS that the 20.7 billion pound figure recorded represents 'the second-highest June borrowing since monthly records began in 1993, after that of June 2020'," analysts at Monex said. "As we have noted previously, this is not a sterling positive dynamic, leaving risks to the pound tilted to the downside ahead of Thursday's PMI release," they said. The borrowing figures added to a sense among investors that finance minister Rachel Reeves may have to raise taxes again later this year to remain on track to meet her targets for fixing the public finances. A separate report on Tuesday showed grocery inflation in Britain rose to 5.2% in the four weeks to July 13, up from 4.7% in last month's report and the highest since January last year, heaping more pressure on UK households. Market researcher Worldpanel by Numerator, which published the report, said just under two-thirds of households say they are "very concerned" about the cost of their groceries, and are switching to supermarket own-label products. The numbers align with data last week that showed nationwide consumer price inflation picked up more than expected in June, also hitting the fastest pace since January 2024. The Bank of England is expected to cut rates by a quarter point next week and at least one more time before the end of the year.
Zawya
a day ago
- Business
- Zawya
Sterling holds on to gains, investors mull rise in borrowing
The pound steadied on Tuesday, consolidating after the previous day's rally, as investors took stock of data that showed UK government borrowing soared in June, a reminder of the fragility of Britain's public finances. Sterling, which rose 0.6% on Monday, its biggest one-day gain in a month, was last at $1.3493, showing little change on the day. It was also steady against the euro , which was at 86.7 pence. Britain borrowed more than expected in June as high inflation added to the government's debt costs, according to official data that is likely to add to speculation about the need for fresh tax increases later this year. Public sector net borrowing totalled 20.7 billion pounds ($27.9 billion) last month, the data showed. This compares with a forecast of 17.1 billion pounds for June from the Office for Budget Responsibility, the budget watchdog. "These overshot expectations yet again, a fact that should refocus minds on UK fiscal sustainability risks, especially after warnings by the ONS that the 20.7 billion pound figure recorded represents 'the second-highest June borrowing since monthly records began in 1993, after that of June 2020'," analysts at Monex said. "As we have noted previously, this is not a sterling positive dynamic, leaving risks to the pound tilted to the downside ahead of Thursday's PMI release," they said. The borrowing figures added to a sense among investors that finance minister Rachel Reeves may have to raise taxes again later this year to remain on track to meet her targets for fixing the public finances. A separate report on Tuesday showed grocery inflation in Britain rose to 5.2% in the four weeks to July 13, up from 4.7% in last month's report and the highest since January last year, heaping more pressure on UK households. Market researcher Worldpanel by Numerator, which published the report, said just under two-thirds of households say they are "very concerned" about the cost of their groceries, and are switching to supermarket own-label products. The numbers align with data last week that showed nationwide consumer price inflation picked up more than expected in June, also hitting the fastest pace since January 2024. The Bank of England is expected to cut rates by a quarter point next week and at least one more time before the end of the year.
Reuters
a day ago
- Business
- Reuters
Sterling holds on to gains, investors mull rise in borrowing
LONDON, July 22 (Reuters) - The pound steadied on Tuesday, consolidating after the previous day's rally, as investors took stock of data that showed UK government borrowing soared in June, a reminder of the fragility of Britain's public finances. Sterling , which rose 0.6% on Monday, its biggest one-day gain in a month, was last at $1.3493, showing little change on the day. It was also steady against the euro , which was at 86.7 pence. Britain borrowed more than expected in June as high inflation added to the government's debt costs, according to official data that is likely to add to speculation about the need for fresh tax increases later this year. Public sector net borrowing totalled 20.7 billion pounds ($27.9 billion) last month, the data showed. This compares with a forecast of 17.1 billion pounds for June from the Office for Budget Responsibility, the budget watchdog. "These overshot expectations yet again, a fact that should refocus minds on UK fiscal sustainability risks, especially after warnings by the ONS that the 20.7 billion pound figure recorded represents 'the second-highest June borrowing since monthly records began in 1993, after that of June 2020'," analysts at Monex said. "As we have noted previously, this is not a sterling positive dynamic, leaving risks to the pound tilted to the downside ahead of Thursday's PMI release," they said. The borrowing figures added to a sense among investors that finance minister Rachel Reeves may have to raise taxes again later this year to remain on track to meet her targets for fixing the public finances. A separate report on Tuesday showed grocery inflation in Britain rose to 5.2% in the four weeks to July 13, up from 4.7% in last month's report and the highest since January last year, heaping more pressure on UK households. Market researcher Worldpanel by Numerator, which published the report, said just under two-thirds of households say they are "very concerned" about the cost of their groceries, and are switching to supermarket own-label products. The numbers align with data last week that showed nationwide consumer price inflation picked up more than expected in June, also hitting the fastest pace since January 2024. The Bank of England is expected to cut rates by a quarter point next week and at least one more time before the end of the year.
Hindustan Times
04-07-2025
- Business
- Hindustan Times
Silver prices in US today: Spot rises 0.7% to $36.84 per ounce
Spot silver rose 0.7% to $36.84 per ounce in the US today, according to Monex. Yesterday, it was around $36 per ounce. Meanwhile, spot gold was trading at $3,343.94 per ounce early Friday (2:17 am ET), while Gold futures were higher, at around $3,354.00, per Reuters. Silver prices in US today: Earlier, Spot silver was for $36 per ounce, today it is $36.84 per ounce(Pixabay) Analysts say the rise is mostly due to concerns about the US economy. Ricardo Evangelista, a senior analyst at ActivTrades, said worries over the US fiscal situation and the upcoming July 9 tariff deadline have pushed more people to buy gold as a safe investment, per the outlet. President Donald Trump recently announced changes in US trade policy. On Friday, the US will start sending letters to other countries, moving away from earlier one-on-one trade talks. Back in April, Trump announced tariffs of 10% to 50%, but later reduced most to 10%, giving time for negotiation until the July 9 deadline. Trump's tax cut bill also passed its final step in Congress on Thursday. The bill makes his 2017 tax cuts permanent, provides funding for immigration enforcement, and includes new tax breaks he promised during the 2024 campaign. Also Read: Gold price today in US: Drops 1% to $3,328.63 as rate cut hopes fade US dollar index fell by 0.2% The US dollar index fell by 0.2% and is on track to fall for the second week in a row. A weaker dollar usually makes gold cheaper for buyers using other currencies. Meanwhile, new data showed that US job growth in June was stronger than expected. But nearly half of the new jobs came from the government. Private businesses added the fewest jobs in eight months, as they dealt with rising economic challenges. UBS analyst Giovanni Staunovo told the outlet that the job report shows the economy is slowing, but not stopping completely. That means the Federal Reserve may not rush to cut interest rates anytime soon. Other metals In other metals, Palladium fell 0.3% to $1,133.21, and Platinum rose 0.5% to $1,374.21 and is on track for its fifth week of gains, per the outlet.
