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☆ US and China are buying into Mexico’s manufacturing moment
▼ + stars: | 2024-04-28 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

CNN —As US supply chains decouple from China, Mexico’s manufacturing sector is emerging as a winner. Ramos said Mexico and China have been competing for the US manufacturing market for years, but amid a shifting US-China relationship, Mexico looks poised to pull ahead. Those exports were driven by manufacturing, which comprises 40% of Mexico’s economy, according to Morgan Stanley. Meanwhile, Chinese exports to the US were down 20% in 2023, compared to 2022. Analysts at Morgan Stanley see the value of Mexico’s exports to the United States growing from $455 billion to about $609 billion in the next five years.

Persons: That’s, nearshoring, Alberto Ramos, Goldman Sachs, Ramos, Morgan Stanley, Katherine Tai, CNN’s Julia Chatterley, Tai, United States Jose Luis Gonzalez, Xeneta, Peter Sand, Jose Enrique Sevilla, John Raines, Goldman’s Ramos, Biden, Raquel Buenrostro, —, Joe Biden, Donald Trump, Trump, ”, Global’s, Raines, Christoffer Enemaerke, “, Tesla, Elon Musk, Julio Cesar Aguilar, BYD doesn’t, RBC’s Enemaerke, Michael Nam Organizations: CNN, Manufacturing, Commerce Department, US Trade, General Motors, Ford, Reuters, Shipping, Container Trade, Xeneta, Moody’s Analytics, P Global Market Intelligence, steelworkers, “, Global’s Sevilla, Macip, RBC, Getty, BYD, ” Sevilla, Monterrey Locations: China, Mexico, Canada, North America, US, Ciudad Juarez, United States, Pittsburgh, Mexican, Monterrey, ”, Nuevo Leon, Asia

☆ Las tripulaciones de los yates de Acapulco se hundieron con sus barcos
▼ + stars: | 2023-11-18 | by ( Zolan Kanno-Youngs | Emiliano Rodríguez Mega | ) www.nytimes.com time to read: 1 min

Damaged boats washed onto the shore this month in Acapulco, Mexico. Credit... Jose Luis Gonzalez/Reuters

Persons: Jose Luis Gonzalez Organizations: Reuters Locations: Acapulco, Mexico

☆ Mexican journalist shot dead in his car, motive unclear
▼ + stars: | 2023-11-16 | by ( Jose Luis Gonzalez | ) www.reuters.com time to read: +2 min

[1/3] A photographer takes a picture at the crime scene where photojournalist Ismael Villagomez Tapia of the local newspaper El Heraldo de Juarez was shot dead by unknown assailants, according to local media, in Ciudad Juarez, Mexico November 16, 2023. REUTERS/Jose Luis Gonzalez Acquire Licensing RightsCIUDAD JUAREZ, Mexico, Nov 16 (Reuters) - A Mexican photojournalist was killed in Ciudad Juarez in the early hours of Thursday while working as a ride-share driver, authorities and his employer said. In Mexico, many journalists work outside of the profession to pay the bills. Investigators have not ruled out the possibility that Villagomez was killed due to his work as a journalist, said Salas. "A journalist is a journalist 24 hours a day, whether or not they were working as something else meanwhile," Salas said, adding that Villagomez's cellphone was missing from the scene.

Persons: Ismael Villagomez Tapia, Juarez, Jose Luis Gonzalez, Ismael Villagomez, Carlos Manuel Salas, InDrive, Villagomez, Salas, We're, Jose Ramon Ortiz, Kylie Madry, Rosalba O'Brien Organizations: El, REUTERS, Thomson Locations: Ciudad Juarez, Mexico, CIUDAD JUAREZ, Mexican, de Juarez, El Heraldo

☆ IMF approves $35 bln credit line for Mexico
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/3] Employees work at a stall in an outdoor market dedicated to the sale of fruits and vegetables, in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsMEXICO CITY, Nov 16 (Reuters) - The International Monetary Fund's executive board has approved a two-year, $35 billion flexible credit line for Mexico, it said in a statement on Thursday, noting the Latin American country's economy is undergoing a broad-based expansion. This is Mexico's tenth flexible credit line arrangement since 2009, and the country has reduced amounts of the lines granted in recent years, the IMF said. In 2017, the IMF granted Mexico a credit line worth around $88 billion, which by 2021 was reduced to $50 billion. Authorities will reassess the external risk outlook and their implications on access under the agreement in November 2024, the IMF added.

Persons: Jose Luis Gonzalez, Gita Gopinath, Gopinath, Kylie Madry, Valentine Hilaire, Nick Zieminski Organizations: REUTERS, MEXICO CITY, Monetary Fund's, IMF, Thomson Locations: Ciudad Juarez, Mexico, MEXICO

☆ Mexico's Acapulco hit by garbage pile-up after deadly hurricane
▼ + stars: | 2023-11-11 | by ( Troy Merida | ) www.reuters.com time to read: +3 min

People protest against what they say is the lack of government help, in the aftermath of Hurricane Otis, in Acapulco, Mexico, November 5, 2023. The government has sent in thousands of soldiers to help clean up Acapulco, but residents say rubbish has engulfed some areas so quickly that even traffic is being held up. Mexico's Civil Protection authority did not reply to a request for comment, but the government said getting Acapulco cleared up is a top priority. When questioned about the garbage this week, President Andres Manuel Lopez Obrador said authorities are fumigating the city to prevent disease, and would deal with the problem. "When you've got large numbers of yellow fever mosquitoes, dengue outbreaks are only a matter of time."

Persons: Hurricane Otis, Jose Luis Gonzalez, Rosa Pacheco, Andres Manuel Lopez Obrador, Otis, Alejandro Macias, you've, Troy Merida, Dave Graham, Bill Berkrot Organizations: REUTERS, Rights, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, La Mira, Mexican

☆ Mexico inflation still easing but rate cuts seen only next year
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A man buys vegetables at a stall in an outdoor market in downtown of Ciudad Juarez, Mexico July 27, 2023. Consumer prices rose 0.38% in October, according to non-seasonally adjusted figures, mainly driven by core inflation including higher food, beverage and service costs. The annual headline inflation reading came in slightly below economist forecasts in a Reuters poll, which stood at 4.28%. The closely monitored core index, which strips out some volatile food and energy prices, rose 0.39% during the month, while annual core inflation came in at 5.5%, in line with market expectations. "This report strengthens our view that headline inflation will remain under control over the coming months," said Pantheon Macroeconomics chief Latin America economist Andres Abadia, but "admittedly services inflation is still a bit sticky.

Persons: Jose Luis Gonzalez, Jason Tuvey, Banxico, Andres Abadia, Gabriel Araujo, Steven Grattan, Mark Heinrich Our Organizations: REUTERS, Bank of, Capital, Sao Paulo, Thomson Locations: Ciudad Juarez, Mexico, Bank of Mexico, Banxico, America, Sao

☆ Family Buries Sailor Lost in Acapulco Storm After Painful Wait
▼ + stars: | 2023-11-04 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Nearly 50 people are known to have died due to Otis, which struck just after midnight in the early hours of Oct. 25. The late sailor's sister, Maria Jesus Castro, told Reuters that Castro had sent a video to her just after midnight, saying the sea was "getting very ugly." Looking down at his coffin, she added, "Look at where the ship is, there are no signs of the ship, and look, my love, look where he is." She related how authorities told her that Castro's body had been admitted to a morgue in Acapulco on Oct. 27, seven days before the family was contacted. (Reporting by Jose Luis Gonzalez in Acapulco; Writing by Sarah Kinosian; Editing by Matthew Lewis)

Persons: Jose Luis Gonzalez ACAPULCO, Jose Ramiro Castro, Hurricane Otis, Castro, Otis, Maria Jesus Castro, Jose Luis Gonzalez, Sarah Kinosian, Matthew Lewis Organizations: Reuters Locations: Mexico, Hurricane, Acapulco, Acapulco Bay

☆ In hurricane-ravaged Acapulco, worries for food and water
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: 1 min

[8/30]Maria del Rosario Saravia Delgado shows the photo of her missing 4-year-old son Luis Alberto Lopez, who is missing with other relatives since Hurricane Otis slammed into Acapulco, in Acapulco, Mexico, November 1. REUTERS/Jose Luis GonzalezACAPULCO, MEXICO

Persons: Maria del Rosario Saravia Delgado, Luis Alberto Lopez, Hurricane Otis, Jose Luis Gonzalez ACAPULCO Organizations: REUTERS Locations: Acapulco, Mexico, MEXICO

At the same time, Republican voters are warier of foreign conflicts and less interested in foreign policy than they have been during previous competitive primary elections, said Doug Heye, a Republican strategist. Republicans have often said that militants who support or carry out attacks on Israel will try to slip through the U.S.-Mexico border, despite scant evidence of it. He also said, without evidence, that Hamas militants were pouring over the U.S.-Mexico border. STRATEGY BRINGS RISKSRepublicans have drawn a link between national security and border security before, albeit in broader terms. Still, the immigration crackdown that Republican candidates have proposed is not without risk, said Ayres, the Republican pollster.

Persons: Jose Luis Gonzalez, Doug Heye, Whit Ayres, Nikki Haley, Donald Trump, Ron DeSantis, Trump, DeSantis, General, It's, Rob Godfrey, Haley, Ayres, You've, you've, Gram Slattery, Ted Hesson, Jason Lange, Ross Colvin, Howard Goller Organizations: U.S . Border Patrol, ATV, REUTERS, Rights, Republican, Republicans, U.S, Cato Institute, Florida, Border Patrol, Department of Homeland, U.S . Customs, DHS, ISIS, Thomson Locations: U.S, United States, Mexico, Sunland Park , New Mexico, Israel, America, Iowa, Gaza, Palestinian, Colombia, Colombian, California

The agreement currently applies to some 3,900 children separated from their parents during Trump's presidency from 2017-2021, according to the American Civil Liberties Union (ACLU), which represents separated families in a lawsuit first filed in 2018. An estimated 500-1,000 children remain separated and the number covered by the settlement will likely expand, the ACLU said. Trump, the frontrunner to become the Republican nominee for president in 2024, has criticized Biden's handling of border security and pledged to implement hardline immigration policies if reelected. As part of the settlement, separated families will have access to temporary housing support for one year, according to court documents. The Biden administration in 2021 broke off class-wide settlement talks that would have provided monetary compensation to separated families.

Persons: Jose Luis Gonzalez, Donald Trump, Joe Biden's, Trump, Alejandro Mayorkas, Lee Gelernt, Biden, Ted Hesson, Deepa Babington Organizations: U.S, REUTERS, Firms American Civil Liberties Union Follow WASHINGTON, American Civil Liberties Union, ACLU, Joe Biden's Democratic, Government watchdogs, Republican, Homeland, Biden, U.S . Citizenship, Immigration Services, Reuters, Thomson Locations: United States, Rio Bravo, Mexico, Ciudad Juarez, U.S, Washington

Migrants seeking asylum in the United States walk on the banks of the Rio Bravo river, the border between the U.S. and Mexico, in Ciudad Juarez, Mexico September 11, 2023. REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsWASHINGTON, Oct 16 (Reuters) - The U.S. will offer migrant families separated at the U.S.-Mexico border under then-President Donald Trump temporary legal status and other benefits while barring similar separations in the future, according to a summary of a settlement agreement filed on Monday. Reporting by Ted Hesson; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Luis Gonzalez, Donald Trump, Ted Hesson, Jonathan Oatis Organizations: U.S, REUTERS, Rights, Thomson Locations: United States, Rio Bravo, Mexico, Ciudad Juarez, U.S

☆ Dollar up after inflation data boost
▼ + stars: | 2023-10-13 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. Data on Wednesday had shown U.S. producer prices increased more than expected in September amid higher costs for energy products and food. The dollar index , which measures the U.S. currency against six of its major peers, ticked up 0.11% to 106.63. Sweden's crown , edged up against both the dollar and euro after consumer price data came in higher-than-forecast, adding to risks that the Riksbank could raise rates further. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected.

Persons: Jose Luis Gonzalez, Helen, Jonas Goltermann, Patrick Harker, Adam Cole, Saqib Iqbal Ahmed, Brigid Riley, Samuel Indyk, Miral Fahmy, Mark Potter, Alexander Smith, Jonathan Oatis Organizations: REUTERS, U.S, Federal, Reuters, PPI, Capital Economics, Fed, Federal Reserve Bank of Philadelphia, RBC, of Canada, Thomson Locations: Ciudad Juarez, Mexico, Israel, Gaza, Sweden's, China

☆ Dollar hovers near two-week lows ahead of inflation data
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +3 min

The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. The report comes ahead of the release on Thursday of September's consumer price index data, which is expected to show inflation moderated last month. "On the flip side, an upside surprise will likely encourage markets to reprice higher the chance the Federal Open Market Committee will follow through on its projected 25 basis point hike." Futures markets are pricing in a 26% chance of a 25 basis point hike in the December meeting and a 9% chance of a 25 basis point hike in November meeting, according to the CME FedWatch tool. The Japanese yen strengthened 0.03% to 149.11 per dollar, while sterling was last trading at $1.2311, flat on the day.

Persons: Jose Luis Gonzalez, Ryan Brandham, Carol Kong, Ankur Banerjee, Sam Holmes Organizations: REUTERS, Rights, Federal Reserve, Validus Risk Management, Fed, Commonwealth Bank of Australia, European Central Bank, Thomson Locations: Ciudad Juarez, Mexico, Rights SINGAPORE, U.S, North America, Tokyo, Singapore

REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsMEXICO CITY, Oct 9 (Reuters) - Mexico on Monday called for the U.S. government to mediate with Texas state authorities to ease inspections for cargo trucks crossing the border, as the country's president accused the Texas governor of "complicating the migration situation." State officials restarted costly, intensive cargo truck inspections last month. Texas Governor Greg Abbott has argued they are needed to stem the flow of migrants and illegal drugs into the country. The measure has held up some $1.9 billion in goods, Mexico's national cargo transport chamber said on Sunday. Along with the state-mandated inspections, cargo has been slowed by the temporary closure of U.S. federal processing at several crossings, Mexico's foreign ministry added.

Persons: Jose Luis Gonzalez, Greg Abbott, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Dave Graham, Brendan O'Boyle, Sarah Morland Organizations: U.S . Customs, REUTERS, MEXICO CITY, U.S, Government, Texas Department of Public, ., Texas, Ciudad Juarez, Thomson Locations: U.S, Zaragoza, Ysleta, El Paso, Ciudad Juarez, Mexico, MEXICO, Texas, Mexican, Americas, El Paso , Texas

☆ U.S. doesn't want to build new sections of border wall, Mexico says
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

A member of the Texas National Guard works on a razor wire fence, near a border wall on the banks of the Rio Bravo River, on the border between the U.S. and Mexico, as seen from Ciudad Juarez, Mexico September 18, 2023. "It's pure publicity," Lopez Obrador said in a regular morning press conference, after the Biden administration announced it would build additional sections of border wall, carrying forward a signature policy of the Trump administration. "They don't want to (build more sections of the wall), that's what they told us," Lopez Obrador said. Biden, when he took office in 2021, pledged that "no more American taxpayer dollars be diverted to construct a border wall." Mexico's president added that in the meetings the day before, the Mexican delegation expressed that Mexico "does not believe (additional border wall construction) to be the answer to the migration problem."

Persons: Jose Luis Gonzalez, Andres Manuel Lopez Obrador, Lopez Obrador, Biden, Trump, Antony Blinken, Joe Biden, Kylie Madry Organizations: Texas National Guard, U.S, REUTERS, MEXICO CITY, Congress, Thomson Locations: Rio Bravo, Mexico, Ciudad Juarez, MEXICO, Mexican

☆ Mexico seeks diplomatic arrangements to return LatAm migrants
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

[1/3] Agents from Mexico's National Institute of Migration (INM) carry out an operation on the banks of the Rio Bravo river, the border between Mexico and the United States, in Ciudad Juarez, Mexico October 5, 2023. REUTERS/Jose Luis Gonzalez Acquire Licensing RightsMEXICO CITY, Oct 6 (Reuters) - Mexico's national migration institute (INM) on Friday said it has asked the foreign ministry to make diplomatic arrangements with Brazil, Colombia, Cuba, Nicaragua and Venezuela for the countries to accept migrant return flights. In the last three weeks, more than 27,000 migrants have been "persuaded to get down from trains," INM said in a statement. INM said it sought help from the ministry so that Brazil, Colombia, Cuba, Nicaragua and Venezuela would accept "assisted returns via air." INM also said it had hired charter planes and buses to transport migrants within Mexico, as well as to their home countries.

Persons: Jose Luis Gonzalez, INM, Diego Ore, Brendan O'Boyle, Beth Solomon, Isabel Woodford Organizations: Mexico's National Institute of Migration, REUTERS, MEXICO CITY, Thomson Locations: Rio Bravo, Mexico, United States, Ciudad Juarez, MEXICO, Brazil, Colombia, Cuba, Nicaragua, Venezuela, U.S

REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsOct 5 (Reuters) - The United States is restarting deportations of Venezuelans who cross the U.S.-Mexico border unlawfully, Homeland Security Secretary Alejandro Mayorkas said on Thursday, part of attempts to curb a record number of migrant crossings. The record number of arrivals has strained resources in cities across the United States, with Democratic officials in New York and Chicago sounding the alarm. Frosty diplomatic relations between the U.S. and Venezuela had made it difficult for the U.S. to deport Venezuelans to their home country. Migration is the direct result of sanctions, the Venezuelan government added, repeating its frequent accusation that U.S. measures are a violation of international law. Washington has insisted Maduro must take steps toward free elections before it considers any further significant sanctions relief, though the U.S. has faced calls from some Latin American governments to take such action without further delay.

Persons: Jose Luis Gonzalez, Alejandro Mayorkas, Joe Biden, Mayorkas, Biden, Donald Trump, Yvan Gil, Washington, Nicolas Maduro, Maduro, Mica Rosenberg, Kristina Cooke, Julia Symmes Cobb, Vivian Sequera, Matt Spetalnick, Simon Lewis, David Ljunggren, Grant McCool, Chris Reese Organizations: REUTERS, Homeland, U.S, Republican, Democratic, Foreign, United, United Nations, Trump, Socialist, Thomson Locations: U.S, Mexico, Ciudad Juarez, United States, Venezuela . Washington, Venezuela, Mexico City, Darien, New York, Chicago, Venezuelan, Latin America, Caribbean, Colombia, Nicolas Maduro . Washington

JUCHITAN, Mexico, Mexico, Oct 2 (Reuters) - Several hundred migrants in southern Mexico awaited buses north on Monday under a new government program meant to help manage the numbers arriving, as Mexico's president said 10,000 people have been reaching the northern border with the U.S. daily. Thousands of migrants have crossed into the U.S. from Mexico in recent weeks, alarming officials in U.S. border cities and prompting delays to trade. Salma was among about 400 people, including families with small children, awaiting buses headed to the state capital or Mexico City. In September, the number of migrants encountered at the U.S.-Mexico border was on pace to approach, or surpass, previous monthly highs. Lopez Obrador called for countries to address root causes driving migration and lamented the deaths of 10 Cuban migrants in a traffic accident in southern Mexico on Sunday.

Persons: we've, Victor Salma, Salma, Jesus Gonzalez, Jose Luis Gonzalez, Andres Manuel Lopez Obrador, Lopez Obrador, Papa, Jose Cortes, Lizbeth Diaz, Laura Gottesdiener, Raul Cortes, Daina Beth Solomon, Aurora Ellis, Gerry Doyle, Simon Cameron, Moore Organizations: U.S, Reuters, CBP, REUTERS, Texas National Guard, U.S . Customs, Border Protection, Thomson Locations: JUCHITAN, Mexico, U.S, Tijuana, San Diego , California, Juchitan, Oaxaca, Venezuela, Mexico City, United States, Ciudad Juarez, Texas, Monterrey

☆ Migrants aboard Mexico cargo trains stranded miles from U.S. border
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +3 min

[1/2] Migrants travelling by train to Ciudad Juarez in an attempt to reach the United States, wait near train wagons while being stranded near Villa Ahumada, in the state of Chihuahua, Mexico September 29, 2023. Sixty northbound cargo trains run by Mexico's Ferromex were stopped last week, after about half a dozen migrants suffered death or injury. Grupo Mexico, which owns Ferromex, could not immediately be reached about the sudden train stoppage with migrants aboard near Villa Ahumada. Meanwhile, further east, in the border city of Piedras Negras that sits opposite Eagle Pass, Texas, Venezuelan migrant Jose Julian said on Friday he had similarly been stranded while traveling aboard the cargo trains. For years, migrants trying to reach the United States have crisscrossed Mexico on cargo trains.

Persons: Jose Luis Gonzalez, VILLA, Sasha Pacheco, we're, Mexico's Ferromex, Villa Ahumada, Marlon Vera, who'd, Jose Julian, Daniel Becerril, Isabel Woodford, Kylie Madry, Valentine Hilaire, Michael Perry Organizations: REUTERS, Grupo Mexico, Reuters, Thomson Locations: Ciudad Juarez, United States, Villa Ahumada, Chihuahua, Mexico, PIEDRAS NEGRAS, U.S, Mexican, Piedras Negras, , Texas, Monterrey, Torreon, Rio, Villa, Mexico City

☆ Automakers say they face $14 billion in fines from Biden's 'unfeasible' fuel rules
▼ + stars: | 2023-09-29 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The fines would impact one in every two light trucks and one in every three passenger cars in 2027-2032, the group added. A separate document viewed by Reuters said the Detroit Three - GM, Ford Motor (F.N) and Chrysler-parent Stellantis (STLAM.MI) - would face about $10 billion in CAFE fines in that period. A NHTSA spokesperson said the estimate cited by automakers represents the agency forecast and is "consistent with our statutory obligations". In June, Reuters reported Stellantis and GM paid a total of $363 million in CAFE fines for failing to meet U.S. fuel economy requirements for prior model years. The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017.

Persons: Jose Luis Gonzalez, Biden, David Shepardson, Barbara Lewis Organizations: REUTERS, Rights, Alliance, Automotive Innovation, General Motors, Toyota, Volkswagen, Hyundai, Traffic, Reuters, Detroit, Ford Motor, Chrysler, European Union, NHTSA, GM, Thomson Locations: Texas, Ciudad Juarez, Mexico

About 8,000 trailers carrying an estimated $1 billion worth of goods have been stranded on the Mexican side over the past week, said Manuel Sotelo, president of the transport association of Ciudad Juarez, a major manufacturing hub across from El Paso, Texas. The delays forced a Canadian snowmobile and off-road vehicle manufacturer to suspend production on Monday and Tuesday at three factories in Ciudad Juarez that employ some 9,000 people. "Due to the waiting times on the international bridges in Ciudad Juarez, we have had a significant reduction in the volume of units that we can export daily," the Quebec-based company, BRP, said in a statement. Jesus Salayandía, a representative of the Mexican industry association Canacintra, said he expected other companies in Ciudad Juarez would announce temporary work stoppages if the long wait times at the border continue. U.S. border authorities suspended cargo processing at one of El Paso's international bridges last week to shift officers to process more migrant arrivals.

Persons: Manuel Sotelo, Sotelo, Jesus Salayandía, Ferromex, Jose Luis Gonzalez, Laura Gottesdiener, Isabel Woodford, Sonali Paul Organizations: . Customs, Border Protection, Patrol, U.S ., Ciudad, Reuters, BRP, El, U.S . Customs, Protection, Union Pacific, Wednesday . Union Pacific, Thomson Locations: Zaragoza, Ysleta, U.S, Cordova, Americas, CIUDAD JUAREZ, Mexico, Ciudad Juarez, El Paso , Texas, New Mexico, Arizona, Texas, Canadian, Quebec, Mexican, United States, Eagle Pass , Texas, Monterrey, Mexico City

☆ Morning Bid: Bond crush stifles markets as $134 billion hits
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +6 min

The yield spike has supercharged the U.S. dollar worldwide - both a reflection and aggravator of mounting financial stress far and wide. As Deutsche Bank notes, this is historically significant territory as the average of the 10-year yield going back to 1799 is around 4.50%. The Treasury sells $48 billion in two-year notes on Tuesday, $49 billion in five-year paper on Wednesday and $37 billion in seven-year notes on Thursday. Minneapolis Fed Bank President Neel Kashkari said on Monday the Fed probably needs to raise borrowing rates further. Private sector bankers are starting to brace for the worst, with JP Morgan chief Jamie Dimon reported overnight as warning: "I am not sure if the world is prepared for 7% (Fed rates)."

Persons: Jose Luis Gonzalez, Mike Dolan, South Korea's, Sterling, haven't, Neel Kashkari, Said Kashkari, Austan Goolsbee, JP Morgan, Jamie Dimon, Christine Lagarde, China Evergrande, Michelle Bowman, Christina Fincher Organizations: REUTERS, Federal Reserve, U.S ., Bank of Japan, South, Treasury, Deutsche Bank, Minneapolis Fed, Chicago Fed, European Central Bank, ECB, Dallas Fed's, Chicago Fed's, HK, Richmond Fed, Dallas Fed, Philadelphia Fed, Costco, Cintas, Thomson, Reuters Locations: Ciudad Juarez, Mexico, U.S, Wall St, Asia, Europe, Philadelphia, Washington

☆ El Paso, Texas 'at a breaking point' amid jump in migration, mayor says
▼ + stars: | 2023-09-23 | by ( Sharon Bernstein | ) www.reuters.com time to read: +2 min

[1/2] Migrants sleep on the street after being released from U.S. Border Patrol custody in downtown El Paso, Texas, U.S., September 12, 2023. "The city of El Paso only has so many resources and we have come to ... a breaking point right now," Mayor Oscar Leeser said at a news conference. But Leeser, a Democrat, said all of the migrants on the El Paso buses were going voluntarily to the cities of their choice. As recently as six weeks ago, about 350 to 400 people were crossing into El Paso per day, but the past few days have brought 2,000 or more. About two-thirds of those crossing into El Paso currently are single men, he said.

Persons: Jose Luis Gonzalez, Oscar Leeser, Joe Biden, Lesser, Leeser, Biden, Sharon Bernstein, David Gregorio, Jamie Freed Organizations: U.S . Border Patrol, REUTERS, El, Thomson Locations: U.S, El Paso , Texas, Mexico, El Paso, Mexican, San Diego , California, Texas, Eagle, New York, Chicago, Denver, Florida, Sacramento, Venezuela

☆ In pictures: Record numbers of migrants head to US border
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: 1 min

[12/22]Migrants mostly from Venezuela, seeking asylum in the United States, try to cross a razor wire fence deployed to inhibit the crossing of migrants into the United States, on the banks of the Rio Bravo River the border between the U.S. and Mexico, as seen from Ciudad Juarez, Mexico September 21. REUTERS/Jose Luis GonzalezCIUDAD JUAREZ, Mexico

Persons: Jose Luis Gonzalez CIUDAD Organizations: U.S, REUTERS, Jose Luis Gonzalez CIUDAD JUAREZ Locations: Venezuela, United States, Rio, Mexico, Ciudad Juarez

Biden in May rolled out a new policy to deter illegal crossings, including deporting migrants and banning re-entry for five years, as his administration grappled with migration at record highs. He praised Biden for creating legal pathways for migrants but said they needed to be expanded. Hundreds of migrants who crossed without appointments have been forced to wait between two border walls. Within the last eight days, U.S. Customs and Border Protection (CBP) had processed more than 5,000 migrants in the San Diego area, a San Diego official said on Thursday. An unprecedented number of migrants entering Mexico hail from othercontinents, as the trek to the U.S. southern border increasingly becomes a global migration route.

Persons: Jose Luis Gonzalez, Joe Biden, Biden, Andrew Selee, Andres Manuel Lopez Obrador, Oscar Suarez, Suarez, Enrique Lucero, Giuseppe Loprete, don't, Lopez Obrador, Lizbeth Diaz, Laura Gottesdiener, Beth Solomon, Adrees Latif, Mike Blake, Ted Hesson, Rosalba O'Brien Organizations: U.S, REUTERS, Rights, Migration Policy Institute, Tijuana, U.S . Customs, Border Protection, San Diego, CBP, Migrants, Pacific, International Organization for Migration, IOM, Thomson Locations: United States, Rio Bravo, Mexico, Ciudad Juarez, California, Texas, Mexican, San Diego , California, El Paso, Central, South America, San Diego, Tijuana, U.S, Grande, Eagle, Panama, Darien, othercontinents, Monterrey, Mexico City, Washington

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