International Business
- Share via
MEXICAN STOCKS
* Mexican stocks, bonds and the peso stabilized Wednesday after President Clinton pledged more support for the nation’s battered economy. The benchmark Bolsa index broke a three-day losing streak, rising 55.54 points, or 2.82%. The peso was quoted at 5.675 to the dollar, stronger than the 5.85 it closed at Tuesday, a record low. The peso is still down 39% against the dollar since Dec. 19.
* Volkswagen de Mexico said it will halt production for a week in late January at its plant in Puebla, in anticipation that the peso’s plunge will reduce the demand for automobiles. The plant produced 260,000 units last year--100,000 of which were sold in international markets.
The Bolsa Index
Wednesday closes: 2,027.87
Sources: Dow Jones; Bloomberg Business News
SPOTLIGHT: NICARAGUA
The economy of the second-poorest nation in the Western Hemisphere was severely disrupted during the 1980s by civil war and a U.S. trade embargo. Prospects improved in 1990 with the lifting of the embargo and U.S. emergency aid. The government has had some success in controlling inflation.
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.
