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Pablo Soria de Lachica Attributes Uncertainties in the Global Economy Caused to Trump’s Victory

The election of Donald Trump as U.S. president creates new uncertainties for the global economy at a time when growth is already fragile, and overseas markets are reacting accordingly. Due to fear of Trump’s promised protectionist approach to trade and “America-first” policies, the day following the election the Nikkei index in Japan fell more than 900 points, The Philippine Stock Exchange sank to a 7-month low, and billions were wiped from Australian Security Exchanges. Foreign exchange expert Pablo Soria de Lachica discusses these early consequences of Trump’s proposed policies, and the long-term impact his actions will have on economies outside of USA. Following a campaign marked by fiery anti-foreign rhetoric, radical promises and shifting positions on key issues, many are uncertain about the direction in which President Elect Trump will take the world’s largest economy and consumer market. As a…

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Pablo Soria de Lachica Discusses The Effects of a Trump Economy on Global Economics

The global view from the desk of Pablo Soria del Lachica indicates the global response to President-Elect Donald Trump’s economic policies holds a cautionary trading tale with powerful implications. President-Elect Trump’s protectionist agenda suggests dismantling the Trans-Pacific Partnership trade agreement, or TPP, likely to be accompanied by the unintended potential to initiate trade wars, depress global trade, and spark global recession. If the Trump administration chooses to impose increased tariffs on imports from China and Mexico, a 0.5 percent reduction in U.S. GDP could result, according to a Nov. 13, 2016 Business Insider article quoting Barclays chief US economist Michael Gapen. That reduction could go as high as a full percent, according to chief Citi economist Willem Buiter. Prices of goods in the US would likely rise, since parts for many items are manufactured overseas. Destroying the TPP agreement after…


Pablo Soria de Lachica Welcomes Mexico’s Energy Reform

The world has complex and vast energy needs and Pablo Soria de Lachica, renowned Forex Market expert, sees Mexico’s reforms in oil, gas, and electricity production as a major step in becoming current and competitive.  These measures will provide a historic opportunity to revitalize Mexico’s ailing energy sector, as well as improve its global position and bolster its economy. Soria de Lachica, understands that the launching of this ambitious and transformative process, should end the longstanding and entrenched state monopolies which will ignite to growth and expansion. After 15 years of under-investments, a series of government reforms are set to shake up Mexico’s energy market and bring in billions. The refined product and electricity markets are now open to competition and private investors have the opportunity to participate in the exploration and production (E&P) oil and gas segments of these…


Pablo Soria de Lachica Summarizes the Benefits of the North American Leaders Summit

The North American Leaders Summit – often referred to in the press as the “Three Amigos Summit” – has been held every two years since 2005 between the countries of Canada, United States and Mexico.  The goals of this year’s meeting in June 2016 when U.S. President Barack Obama, Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau met in Ottawa, Canada, were stated as seeking to produce, “sustainable economic growth, help transition to a low carbon economy, and provide better opportunities for Canadians, Americans, and Mexicans alike.”  According to international trade and foreign investment expert, Pablo Soria de Lachica, a number of important and large-scale agreements resulted from the meeting. One of the most impressive results of the summit was the announcement that the three countries had set an historic goal of reaching 50% clean power generation…


Pablo Soria de Lachica Describe El Interés En Perforación Submarina En Uruguay

Pablo Soria de Lachica Describes Interest in Off-Shore Drilling in Uruguay

Economic diversification plans, aimed at unfolding Uruguay’s hidden potential for hydrocarbon exploration, amid many uncertainties and volatilities of the global petroleum market, are seen as catalyst for the development of the country and are instrumental to the fluidity of trade in the South American region. Pablo Soria de Lachica, globally acclaimed foreign exchange expert and leader in financial services industry, outlines new investment opportunities for off-shore drilling in the Uruguayan coastal basin. News came in as Total, a France-based multinational, integrated energy producer and provider announced to unearth oil and gas from the well 250 kilometers off the Atlantic coastline, in more than 3,400 meters of water, and 3,000 meters below the seabed. Being the first offshore well drilled in Uruguay in the last four decades, the project has attracted a lot of attention from industry experts, traders, and international…


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Pablo Soria de Lachica Supports Paralympian Athletes from Uruguay

Acclaimed broker Pablo Soria de Lachica knows firsthand that there are challenges in the pursuit of success. After many years of diligent work that led to a career in international trading, he relied on tenacious dedication to become an expert in the forex (foreign exchange) market. Acquiring a reputation for leadership and insightful advice in the field, he went on to develop educational investment tools to share advanced techniques and strategies with others. A strong advocate for causes aiding those at both the local and global levels, Pablo Soria de Lachica was inspired by the Uruguayan Paralympic athletes who share his focused commitment, tireless perseverance and unwavering competitiveness. Though the teammates live with a range of physical disabilities, the only thing they truly lack is funding. Pablo Soria de Lachica was moved by their struggle, and is a proud supporter…


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Pablo Soria de Lachica Discusses Uruguay’s Asian Trade Expansion Plans

One of the smallest countries in Latin America, Uruguay, with a population of 3.4 million, produces quality food for an amazing 30 million people worldwide according to Uruguay XXI, an organization that works to promote exports. Pablo Soria de Lachica, internationally recognized foreign investment and trade expert, suggests a successful agro-intelligent approach is a major factor in the current positioning of the country to seek a free-trade agreement (FTA) with China, as part of the Mercosur or bilaterally. The Asian trade expansion vision comes ahead of the Uruguay’s attendance at China-LAC 2016, October 13-15, hosted in the city of Tangshan, China. Uruguay’s agricultural sector contributes 7% to the GDP, satisfying national need while generating significant surplus – exports of agricultural products, mainly soybean, beef, cellulose and dairy products, are 71% of total goods, as reported by the World Bank. Pablo…


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Pablo Soria de Lachica Welcomes Uruguay’s Infrastructure Investment

Uruguay’s President Tabare Vasquez recently announced that $12 billion has been allocated for use in a four-year infrastructure investment program. International broker Pablo Soria de Lachica believes that this program will not only boost the country’s economy through the creation of jobs and new industry, but will also promote progress, development, and growth throughout this region. “Ambitious but achievable,” is how Uruguay’s Economy and Finance Minister Danilo Astoi describes this massive endeavor. Moneys for this investment program will come from public funds (66%) and private sector investments (34%) and will not include a hike in taxes nor the use of loans. As it now stands $4.33 billion will be set aside for the energy sector, $2.36 billion will go towards the development and rebuilding of roads; $1.87 billion has been earmarked for social infrastructure – which encompasses health care, education,…


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Pablo Soria de Lachica Describes Mexican Budget Plans For 2017

A challenging external environment, including global oil slump, a tightening of monetary policy in the United States, and a slowdown of growth perspectives in emerging market economies (like China, Brazil, and Russia) has significantly battered Mexican peso causing the country to reduce government spending. Pablo Soria de Lachica, a published expert in international trading and business analyst, gives insights into Mexico’s budget plans for the upcoming fiscal year. When oil prices tumbled in 2014, Mexican government decided to open up its state-run oil and gas industry to private sector investment hoping to encourage foreign expertise and capital flow to develop new fields of crude oil and gas. Many believed the new reforms to stimulate liberalization of the petroleum industry and boost the country’s economy by doubling the share of foreign investment in Mexico. However, earlier this year the finance ministry…


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Pablo Soria de Lachica Outlines Consequences of Mexican Loan To Pemex

International trade and foreign investment expert Pablo Soria de Lachica applauded Mexico’s recent $4.4 billion loan to state-owned oil company Pemex. “Infusing Pemex with capital is a strong strategy in both the short- and medium-terms,” he stated. “As a result of this cash influx, the company now has the capability to adapt to the evolving challenges in the global oil market.” Soria de Lachica noted that, given Pemex’s prominent role in the Mexican economy, the company’s capacity to respond to fluctuating prices is critical. “Since the loan, the price of oil has recovered, doubling from $26 per barrel to $52 earlier this month.” According to World Bank forecasts, the cost of petroleum will continue its upward trajectory through 2025. Soria de Lachica views the international financial institution’s confidence in oil futures as further evidence that Mexico’s Pemex investment will have…