Feb 22, 2021
Petrobras loses US $ 18bn after series of analyst cuts
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EFE videosMexican businessmen see “opening and recovery” in meeting with Fernández
Mexico, Feb 22 (EFE) .- Mexican businessmen highlighted the “recovery” of the Argentine economy and the “openness” of President Alberto Fernández after his meeting this Monday at a hotel in Mexico City, where the president had his first event in his official visit to the country.“We are not talking about the past, we are talking about the future. This is an economy that is opening up, we saw a recovery in Argentina, we have all ‘externalized’ it, in the last three months,” said Armando Torrado, director for South America of the conglomerate after the meeting. Mexican restaurant Alsea. In the private meeting, without access to the media, they were representatives of various companies and branches of the Mexican industry, such as Alfa, Kaluz, Coppel, Mabe, Rotoplas, Arca Continental, Ternium, Bimbo, Coca-Cola Femsa, Cinépolis and América Móvil . The Argentine president, who arrived in Mexico City this morning, was accompanied by the ministers Martín Guzmán, of Economy, and Felipe Solá, of Foreign Relations, International Trade and Worship. “It gives you confidence, there is no way that the three people who manage the cabinet speak and tell you what is happening and see you in the face. He did not promise us absolutely anything, he said ‘hey, we are going to do our best and we are doing what own, but without promises that we cannot keep, “said Torrado. The commercial relationship between Mexico and Argentina is governed by the Economic Complementation Agreement N ° 6 (ACE 6) and the Economic Complementation Agreement N ° 55 (ACE 55), according to the Mexican Ministry of Economy (SE). Although they are the second and third largest economies in Latin America, Argentina is the 29th trading partner of the Mexican economy, while Mexico ranked 10th in Argentine trade. Bilateral trade in 2019 was 1,562.5 million dollars, an annual decrease of 25%, reveal the latest data from the Ministry of Economy. On the other hand, Argentina is the 10th investor in Mexico and the 1st in the Latin American region, according to Economía, which highlights that there are at least 35 large Mexican companies in the South American country. Mexican businessmen agreed on the persistent problems in the Argentine economy, such as inflation close to 40%, export and import locks, and price controls. Even so, the “meeting with President Fernández was very good, very cordial and very pleasant,” said Máximo Vedoya, director of the Ternium steel company and president of the National Chamber of the Iron and Steel Industry (Canacero). “The president listened to all Mexican businessmen, their doubts. Minister Guzmán told how Argentina was recovering its economy and it was a very cordial and entertaining dialogue between businessmen and the president, and I think it was very good for everyone because we have all left very happy, “he said. Although Efe tried to access a statement from the Argentine Presidency, officials argued that the meeting was private. The Argentine president left the hotel escorted, without speaking to the press, in a convoy heading to the Liomont laboratories where the AstraZeneca vaccine and the University of Oxford that Mexico and Argentina produce for the rest of Latin America are packaged. Fernández has public events scheduled for Tuesday, such as attending President Andrés Manuel López Obrador’s morning press conference, a solemn session in the Senate and more meetings with businessmen, including magnate Carlos Slim. (c) EFE Agency
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Apples biggest mistake in the last decade according to this analyst
In 2019, several companies decided to get involved in the streaming business, tempted by the success of Netflix. Since then, Apple has started a millionaire bet with its service Apple TV +, but according to an expert from the Wedbush finance company, Apple made the biggest mistake of the decade.Netflix
In an interview with Yahoo Finance, Wedbush analyst Daniel Ives He says that the acquisition of the streaming giant years ago would have put the company in a much more advantageous position against rivals like Disney +, Peacock and Amazon Prime Video.Netflix could be one of Apple’s best investments
According to Ives, the error weighs on the last two administrations of Apple. And while it’s a valid point for hindsight, when Netflix might have been easy to buy, its success was underestimated by many companies, not just Apple.
“The biggest strategic mistake, in my opinion, by Jobs and Cook in the last 10 to 12 years, is not acquiring Netflix several years ago.”
From Ives’s analysis, his recommendation to buy a studio. East I would make Apple TV + a more competitive option compared to other Disney TV + platforms, launched almost simultaneously, but only in its first year it has exceeded the subscription expectations projected for the next five years.
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“We have talked about an MGM, a Lionsgate, an A24, otherwise they will still be on the outside looking in. And that’s why I think this is something they’ll be forced to do… because it’s about content. “
“That’s the problem when it comes to this arms race that we are seeing, especially with Disney and of course Netflix at the top of the heap.”
Despite the recognition that Apple TV + programs have gradually gained, industry experts continue to criticize the size of its library with that of other services, and your free trial offer which has already been extended twice.
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