{"id":1185,"date":"2015-06-15T19:37:32","date_gmt":"2015-06-16T01:37:32","guid":{"rendered":"http:\/\/richyrocks.com\/?p=1185"},"modified":"2019-03-29T14:39:30","modified_gmt":"2019-03-29T20:39:30","slug":"hsbc-will-stay-in-mexico","status":"publish","type":"post","link":"https:\/\/richyrocks.com\/coolenglish\/hsbc-will-stay-in-mexico\/","title":{"rendered":"hsbc will stay in mexico"},"content":{"rendered":"

hsbc<\/strong><\/span> ceo stuart gulliver<\/strong> announced last week that his bank would sell its units in brazil and turkey.<\/p>\n

\"stuart<\/a>
hsbc ceo stuart gulliver<\/figcaption><\/figure>\n

the news was reported around the world, and the question on many people’s minds here in mexico was the same as the headline for \u00a0by katy barnato<\/strong> on the financial news website cnbc.com<\/p>\n

Why does HSBC<\/a>\u00a0like Mexico but want to quit Brazil?<\/h1>\n
\"\"<\/a><\/h6>\n
stuart gulliver looked at this picture & remembered the good times. ain’t no way we can quit u, mexico. (edgard garrido,reuters)<\/em><\/h6>\n

according to the article, gulliver told investors<\/p>\n

mexico [is] “on the cusp of<\/em> a major take-off” thanks to energy reforms introduced by controversial president enrique pe\u00f1a nieto.<\/h4>\n

on the cusp of<\/strong><\/em> means close<\/em>. the expression is usually used to refer to the arrival of something positive.<\/p>\n

more detail about pe\u00f1a nieto’s role was included<\/p>\n

pe\u00f1a nieto has delivered on his legislative pledges<\/em>, including measures to end the state’s monopoly over energy and open the telecommunications sector to competition, breaking the stronghold<\/em> of billionaire<\/em> carlos slim\u00a0over the industry.<\/h4>\n

pledges<\/strong><\/em> are strong promises<\/em>. stronghold<\/strong><\/em> is a place of strength<\/em>. to hear the correct pronunciation for billionaire<\/strong><\/em> (the e<\/em> at the end is silent).<\/p>\n

\"the<\/a><\/h6>\n
steve and josie stronghold aka the commander and jetstream from the movie sky high<\/em><\/h6>\n

president\u00a0pe\u00f1a nieto has promoted energy reform since taking office in 2012. the most important component\u00a0of the reform is\u00a0pemex<\/strong> (mexican petroleum), the petroleum company that has been run by the mexican government since president lazaro cardenas<\/strong> expropriated the nation’s oil reserves in 1938.<\/p>\n

\"pena<\/a>
the man who nationalized mexican petroleum &\u00a0the man who will open it up to foreign investment<\/figcaption><\/figure>\n

barnato\u00a0reported<\/p>\n

july should bring the auction<\/em> of the first set of mexican oil fields up for grabs<\/em>, ending the decades-long monopoly<\/h4>\n

up for grabs<\/em><\/strong> means available<\/em>, and indicates there will be various groups interested in exploiting the newly available mexican petroleum. auction<\/strong><\/em> indicates that the business will go to the highest bidder<\/a>, like on\u00a0ebay<\/strong>, deremate.com<\/strong> or mercadolibre.com<\/strong><\/p>\n

\"wedding<\/a><\/h6>\n
the bridal\u00a0bouquet is up for grabs<\/span>\u00a0(brides.com)<\/em><\/h6>\n

marc chandler<\/strong>, head of currency strategy at brown brothers harriman<\/strong>,\u00a0mentioned these positive points about mexico’s economy<\/p>\n

a respectable pace<\/em> of economic growth coupled with low inflation<\/h4>\n

and<\/p>\n

depreciation of the peso, which has boosted<\/em> the country’s competitiveness and seen the currency tumble<\/em><\/h4>\n

pace<\/strong><\/em> means speed<\/em> or rate<\/em>. means help\u00a0<\/em>or increase<\/em>.\u00a0tumble<\/strong><\/em> means fall<\/em>, usually in a spectacular way.<\/p>\n

\"beckham<\/a><\/h6>\n
david beckham took a serious tumble<\/span> on this kick. (reuters)<\/em><\/h6>\n

finally, hsbc isn’t the only transnational bank that has a chance to benefit from mexico’s economic potential<\/p>\n

another european beneficiary of a booming<\/a> mexico could be spanish bank bbva. mexico represents 40 percent of its earnings<\/em><\/h4>\n

earnings<\/strong> <\/em>are money made from work or investments<\/em>. earn<\/strong><\/em> and earner<\/em><\/strong> (also used in the cnbc article) are related.<\/p>\n

\"online<\/a><\/h4>\n
it is correct to say that u win<\/span> money playing poker on-line, but it is incorrect to say u win a \u00a0$70,000 \u00a0annual salary.<\/i><\/h6>\n

if spanish is your first language, it’s natural to translate, for example, the question cu\u00e1nto ganas por mes?<\/em> as how much do you win<\/span> a month?<\/em>\u00a0 DON’T DO IT!!\u00a0win<\/strong><\/em> is for money made from gambling.<\/p>\n

<\/h4>\n

how do u feel about hsbc staying in mexico? hsbc leaving brazil? \u00a0mexico’s energy reform? share your opinions under leave a reply<\/strong><\/p>\n