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☆ In Argentina, land of the gaucho, a home for unloved old horses
▼ + stars: | 2023-12-04 | by ( Horacio Soria | ) www.reuters.com time to read: +1 min

REUTERS/Tomas Cuesta Acquire Licensing RightsBUENOS AIRES, Dec 4 (Reuters) - Lorena Melantoni dedicates her weekends running a sanctuary for abused and abandoned horses, an issue in the South American nation known for its polo and stallion-riding gauchos. "I am an option for these old horses, ones with disabilities, amputated horses, or one-eyed horses that nobody wants to take for adoption," Melantoni told Reuters. Located in Buenos Aires province, the "Let's Dream of Hope" refuge provides a place for horses that have no other home, she explained, adding that many had suffered terrible cruelty. And then, I can leave calm and happy and I say: that's it, that made my week." Reporting by Horacio Soria; Writing by Natalia Siniawski, Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Lorena, Tomas Cuesta, Lorena Melantoni, Melantoni, Horacio Soria, Natalia Siniawski, Nick Zieminski Organizations: REUTERS, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, American

"We have decided to unanimously declare unconstitutional the entire law 406 of October 20, 2023," Supreme Court President Maria Eugenia Lopez said. First Quantum acknowledged the ruling and affirmed its "unwavering commitment to regulatory compliance in all aspects of our operations within the country." Panama President Laurentino Cortizo said the country will abide by the court ruling. For First Quantum, the Panama ruling would be a repeat of its decade-old experience in the Democratic Republic Of Congo. The company exited DRC in 2012 after it filed an arbitration procedure against the African country for cancelling its mining contract.

Persons: Aris Martinez, Maria Eugenia Lopez, Quantum, Laurentino Cortizo, Morgan, Ricardo Martinelli, Leonardo Di Caprio, Elida Moreno, Valentine Hilaire, Natalia Siniawski, Denny Thomas, Chizu Nomiyama, Mark Porter Organizations: Minerals, REUTERS, PANAMA CITY, Reuters, Panama, London Metal Exchange, Central, RBC, Democratic, Natural Resources Corporation PLC, Cobre, Thomson Locations: Panama's, Panama, Panama City, PANAMA, Central American, Democratic Republic Of Congo, Hollywood, Cobre Panama

☆ Top Panama court rules First Quantum mining contract unconstitutional
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. REUTERS/Aris Martínez/File Photo Acquire Licensing RightsPANAMA CITY, Nov 28 (Reuters) - Canadian miner First Quantum's contract to operate a lucrative copper mine in Panama is unconstitutional, Panama's top court said in a ruling made public on Tuesday. Challenges against the company's new contract, which was approved in October, piled up in court following public protests against the deal. Reporting by Elida Moreno Additional reporting by Valentine Hilaire and Natalia SiniawskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Elida Moreno, Valentine Hilaire, Natalia Siniawski Organizations: Minerals, REUTERS, Aris, PANAMA CITY, Thomson Locations: Panama, Donoso, PANAMA

☆ Argentina hikes taxes on dollar savings and bank card purchases ahead of Milei taking power
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. The change means that Argentines using dollar credit cards or buying foreign currency for savings will pay rates closer to those in alternative markets. This change comes after libertarian Milei, who proposes dollarizing Argentina's economy and eliminating the central bank, defeated the Peronist Economy Minister Sergio Massa in a presidential run-off on Sunday. To safeguard its limited foreign currency, Argentina set multiple exchange rates under strict controls in 2019. Reporting by Walter Bianchi; Writing by Natalia Siniawski; Edited by Eliana Raszewski and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Javier Milei, Milei, Sergio Massa, Walter Bianchi, Natalia Siniawski, Eliana Raszewski, Marguerita Choy Organizations: Argentine, REUTERS, Peronist Economy, Thomson Locations: Argentina, Argentine

☆ Mexico's automotive production, exports rise in October
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: 1 min

Newly assembled vehicles are parked at the Toyota Motor Manufacturing plant in Baja California, Tijuana, Mexico May 31, 2019. REUTERS/Jorge Duenes/File photo Acquire Licensing RightsNov 7 (Reuters) - Mexico's automotive production and exports rose in October from a year earlier, data from national statistics agency INEGI showed on Tuesday. Production increased by 35.77% to 378,129 vehicles and auto exports by 18.11% to 316,421 vehicles, according to the data. Reporting by Natalia SiniawskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Jorge Duenes, Natalia Siniawski Organizations: Toyota Motor Manufacturing, REUTERS, Thomson Locations: Baja California, Tijuana, Mexico

ACAPULCO, Mexico, Oct 27 (Reuters) - Looting ravaged the Mexican city of Acapulco after the iconic beach resort was hammered this week by Hurricane Otis, a record-breaking storm that killed at least 27 people and left thousands of residents struggling to get food and water. [1/5]People walk among rubble in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 27, 2023. 'WE WERE LUCKY'Mexican authorities said Otis was the most powerful storm ever to strike Mexico's Pacific coast. To evacuate tourists, an air bridge between Acapulco and Mexico City was being set up on Friday after authorities got the city's battered airport back up and running. Lopez Obrador urged insurance companies to speed up payouts.

Persons: Hurricane Otis, Otis, everything's, Rodolfo Villagomez, Andres Manuel Lopez Obrador, Lopez Obrador, Raul Busto Ramirez, Letitia Murphy, Neil Marshall, Murphy, Quetzalli, we're, Enki, Lopez, Pope Francis, Joe Biden, America Movil, Alexandre Meneghini, Jose Cortes, Diego Ore, Kylie Madry, Laura Gottesdiener, Natalia Siniawski, Dave Graham, Chizu Nomiyama, Bill Berkrot, Sandra Maler, Raju Gopalakrishnan Organizations: Reuters, REUTERS, Central America, LUCKY, Otis, America, Thomson Locations: ACAPULCO, Mexico, Acapulco, Guerrero, Acapulco's, Hurricane, British, State, Mexican, Mexico City, Monterrey, Gdansk

The opposition and the primary's winner Maria Corina Machado have insisted repeatedly it was transparent and fair. The U.S. State Department is aware of the accusations and called for an investigation, a spokesperson said, adding the primary was "an important milestone" for Venezuela. The investigation, requested by lawmaker Jose Brito, will center on accusations of electoral violations, financial crimes and conspiracy, Saab said during a press conference. The electoral violations stem from the primary being organized without the National Electoral Council, Saab said. Voter rolls for the primary included 2 million people who neither registered nor participated, Saab said, and financing for the primary has not been made public.

Persons: Tarek Saab, Maria Corina Machado, Machado, Nicolas Maduro's, Nicolas Maduro, Jose Brito, Saab, Jesus Maria Casal, Mildred Camero, Roberto Abdul, Hadi, Vivian Sequera, Mayela Armas, Julia Symmes Cobb, Natalia Siniawski, Oliver Griffin, Helen Popper, Marguerita Choy, Rod Nickel Organizations: Venezuela's, Washington, U.S . State Department, Electoral Council, Saab, Voters, Thomson Locations: CARACAS, Washington, Maduro, Barbados, U.S, Venezuela, Sumate

☆ Mexican Senate cancels trusts for judiciary worth over $800 mln
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The Senate, controlled by Lopez Obrador's leftist National Regeneration Movement (MORENA) and its allies, approved the measure to do away with the trusts worth some 15 billion pesos ($820 million). Last week, the lower house of Congress voted to wind up the trusts, whose funds are due to be absorbed by the government. Mexico's Supreme Court said this month the elimination of the trusts will affect workers in the judiciary, pointing to their pensions and other social security benefits. "How does the judiciary benefit the Mexican people, or the majority of Mexicans? Critics of Lopez Obrador see the judiciary as a bulwark against his efforts to concentrate power.

Persons: Henry Romero, Andres Manuel Lopez Obrador, Lopez Obrador's, Lopez Obrador, hock, it's, Dave Graham, Natalia Siniawski, Michael Perry Organizations: Supreme, REUTERS, MEXICO CITY, Regeneration, Thomson Locations: Mexico City, Mexico, MEXICO

☆ Hurricane Otis barrels toward Mexico's Acapulco as Category 5 storm
▼ + stars: | 2023-10-24 | by ( Javier Verdin | ) www.reuters.com time to read: +1 min

[1/3] People walk along a beach as Hurricane Otis barrels towards Acapulco, Mexico, October 24, 2023. REUTERS/Javier Verdin Acquire Licensing RightsACAPULCO, Mexico, Oct 24 (Reuters) - Hurricane Otis barreled toward Mexico's beach resort of Acapulco as a Category 5 storm on Tuesday and was poised to make landfall on its Pacific coast early on Wednesday. By 9 p.m. time (0300 GMT on Wednesday) Otis was about 55 miles south-southeast of Acapulco, the Miami-based NHC added. Over the weekend, Hurricane Norma killed at least three people as it passed along the northwest coast of Mexico. Days before, the powerful Hurricane Lidia left one person dead and several injured after battering Mexico's Pacific coast.

Persons: Hurricane Otis, Javier Verdin, Otis, Evelyn Salgado, Norma, Hurricane Lidia, Brendan O'Boyle, Diego Ore, Natalia Siniawski, Alison Williams, Sandra Maler Organizations: REUTERS, Rights, U.S, National Hurricane Center, Punta Maldonado, NHC, Guerrero, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, Miami, Zihuatanejo, Guerrero, Oaxaca

☆ Weakening Hurricane Norma Still Poses Threat to Mexico's Pacific Coast
▼ + stars: | 2023-10-20 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Hurricane Norma has slightly weakened but remains a major storm poised to deliver heavy rainfall and flooding to the popular tourist coast of Mexico's Baja California peninsula over the next few days, the National Hurricane Centre (NHC) said on Friday. A gradual weakening is anticipated over the next few days, but Norma is forecast to still be a hurricane when it approaches the southern portion of Baja California Sur, said the NHC. Mexico's government has issued tropical storm warnings for various areas, including La Paz, the capital of Baja California Sur, and extending north from Todos Santos to the Santa Fe district. The hurricane center predicts that these regions will experience tropical storm conditions within a 36-hour time frame. The storm could result in up to 15 inches (38 cm) of rain in parts of Baja California, potentially causing flooding and landslides.

Persons: Norma, La, Natalia Siniawski, Deborah Kyvrikosaios Organizations: Reuters, National Hurricane Centre, NHC, La Paz, Todos Santos, US Locations: Mexico's Baja California, Baja California Sur, Todos, Santa Fe, Baja California

☆ 'Erratic' Hurricane Norma on track to hit Mexico's Baja California
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

[1/6] Workers remove a stand off a beach as Hurricane Norma barrels towards the Baja California peninsula, in Cabo San Lucas, Mexico, October 20, 2023. REUTERS/Fernando Castillo Acquire Licensing RightsCompanies Estado de Baja California FollowMEXICO CITY, Oct 20 (Reuters) - Hurricane Norma strengthened as it churned toward the southern tip of Mexico's Baja California peninsula on Friday afternoon, threatening heavy rainfall beginning on Saturday at the area's popular tourist resorts. The "major hurricane," according to air force hurricane hunters, is advancing to the north at a speed of 8 mph (13 km/h), the NHC said. "It's a very strong storm," state Governor Victor Manuel Castro told reporters at a press conference, describing it as "erratic." The NHC warned of dangerous winds, heavy rainfall and possible flooding across southern Baja California through Saturday.

Persons: Fernando Castillo, Norma, Victor Manuel Castro, Castro, Sarah Morland, Natalia Siniawski, Deborah Kyvrikosaios, David Gregorio, Chris Reese Organizations: Workers, REUTERS, Estado, U.S, National Hurricane Center, NHC, Monday, Thomson Locations: Baja California, Cabo San Lucas, Mexico, California, MEXICO, Mexico's Baja California, Norma, Sinaloa, Pacific, Baja

[1/2] Venezuelan journalist Roland Carreno of the opposition party Popular Will is being greeted by family members and colleagues after he was released from prison, in Caracas, Venezuela October 19, 2023. REUTERS/Luis Gonzalo Perez Acquire Licensing RightsCARACAS, Oct 19 (Reuters) - Five people jailed in Venezuela, including well-known opposition figures, have been released, the opposition said around midnight on Thursday, following a deal with the government of President Nicolas Maduro and Washington's demand that certain prisoners be freed. Three U.S. citizens are still wrongfully detained in Venezuela, United States Assistant Secretary of State for Western Hemisphere Affairs Brian A. Nichols said on Thursday. A U.S. State Department official said on Wednesday he expects movement in the near term on releases of wrongfully detained Americans. For years the opposition has urged the government to free over 200 people that human rights organization Foro Penal considers political prisoners.

Persons: Roland Carreno, Luis Gonzalo Perez, Nicolas Maduro, Joe Biden's, Washington, Antony Blinken, Venezuela's, Gerardo Blyde, Juan Gonzalez, Jorge Rodriguez, Will, Juan Requesens, Blyde, Carreno, Maria Corina Machado, Western Hemisphere Affairs Brian A, Nichols, Eyvin Hernandez, Jerrel Kenemore, Joseph Ryan Cristella, Hernandez, Cristella, Requesens, Mayela Armas, Vivian Sequera, Matt Spetalnick, Marianna Parraga, Natalia Siniawski, Julia Symmes Cobb, Inti Landauro, Deborah Kyvrikosaios, Barbara Lewis, Jonathan Oatis, Richard Chang, Rod Nickel Organizations: REUTERS, Rights, Trump, Venezuelan, U.S, First, State Department, Reuters, United States, State, Western Hemisphere Affairs, U.S . State Department, Foro Penal, Maduro, Thomson Locations: Venezuelan, Caracas, Venezuela, Rights CARACAS, Bolivarian Republic, Maduro's, Three U.S, Los Angeles, Texas, Colombia, U.S

☆ Five Prisoners Released in Venezuela After Opposition Deal, US Demands
▼ + stars: | 2023-10-19 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

CARACAS (Reuters) - Five people jailed in Venezuela, including well-known opposition figures, have been released, the opposition said around midnight on Thursday following an electoral deal with the government of President Nicolas Maduro and Washington's demand certain prisoners be freed. U.S. President Joe Biden's administration on Wednesday eased Trump-era sanctions on the Venezuelan oil and gas industry, in response to an election deal reached between the Venezuelan government and the opposition. A senior State Department official, speaking to Reuters on condition of anonymity, has threatened to reverse sanctions relief measures unless Maduro lifts the bans and frees prisoners. A U.S. State Department official said on Wednesday he expects movement in the near term on releases of wrongfully detained Americans. There are believed to be more than half a dozen American prisoners, several belonging to that category.

Persons: Nicolas Maduro, Joe Biden's, Washington, Antony Blinken, Gerardo Blyde, Roland Carreno, Will, Juan Requesens, Blyde, Carreno, Maria Corina Machado, Requesens, Mayela Armas, Vivian Sequera, Matt Spetalnick, Natalia Siniawski, Julia Symmes Cobb, Inti Landauro, Deborah Kyvrikosaios, Barbara Lewis, Jonathan Oatis Organizations: Trump, Venezuelan, U.S, U.S . State Department, First, State Department, Reuters, Popular, Maduro, Foro Penal, Organization of American Locations: CARACAS, Venezuela, Caracas, Maduro's, Foro, U.S

☆ Hurricane Lidia slams Mexico's coast leaving widespread damage
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

People walk by a restaurant damaged in the aftermath of Hurricane Lidia, in Puerto Vallarta, Mexico October 10, 2023. REUTERS/Christian Ruano Acquire Licensing RightsOct 11 (Reuters) - Rescue workers on Wednesday were scrambling to clean up the mess left by Hurricane Lidia, which slammed into Mexico’s Pacific coast overnight, leaving one person dead in the western state of Nayarit. Lidia made landfall as a Category 4 storm triggering torrential downpours, causing rivers to overflow, toppling trees and leading to significant flooding in numerous western states of Mexico. Officials in Nayarit were working to clear fallen trees obstructing Federal Highway 200 in the Bahía de Banderas municipality. Civil Defense authorities in the beach resort city of Puerto Vallarta catalogued the damage on social media, reporting inundated canals and instances of rooftops being swept away by the storm.

Persons: Hurricane Lidia, Christian Ruano, Lidia, Natalia Siniawski, Christina Fincher Organizations: REUTERS, Christian, National Hurricane Center, Civil Defense, NHC, Thomson Locations: Puerto Vallarta, Mexico, Nayarit, Lidia, Banderas

☆ Mexican auto lobby urges authorities to fix border 'crisis' as trade hit
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Sept 29 (Reuters) - Mexico's main auto industry association on Friday urged Mexican authorities to step up efforts to work with the United States to deal with a "migration crisis" on the countries' shared border because of problems it is causing for trade. Added security checks by Texan authorities in response to a recent surge in border crossings have led to delays in goods transport in recent weeks, fueling concern inside the Mexican car industry, which is heavily integrated with the U.S. Describing the matter as a "migration and commercial crisis", AMIA said the border impasses had caused considerable hold-ups and business losses, and were adversely affecting the economy of both Mexico and the United States. AMIA urged Mexican and U.S. authorities to take humanitarian steps to fix the problem and guarantee the free flow of trade. Reporting by Dave Graham; Writing by Natalia Siniawski; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: AMIA, Dave Graham, Natalia Siniawski, Philippa Fletcher Organizations: MEXICO CITY, U.S, Mexican Automotive Industry Association, Thomson Locations: MEXICO, United States, Mexico, Darien, Central America, Mexican, U.S

☆ Molotov cocktails thrown at Cuban embassy in Washington, minister says
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

Sept 25 (Reuters) - An assailant attacked the Cuban embassy in Washington with two Molotov cocktails on Sunday night, Cuban Foreign Minister Bruno Rodriguez Parrilla said on messaging platform X, adding that nobody was hurt. The Cuban flag flutters in the wind after being raised at the Cuban Embassy reopening ceremony in Washington July 20, 2015. "We are in contact with Cuban embassy officials and law enforcement authorities to ensure an appropriate and timely investigation as well as to offer our support for future protective efforts," he said in a statement. Earlier this month, U.S. and Cuban officials made progress on a range of issues during high-level talks in Washington. Reporting by Natalia Siniawski and Costas Pitas; Editing by Peter Graff and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Rodriguez Parrilla, Miguel Díaz, Canel, Rodriguez, Gary Cameron, Jake Sullivan, Natalia Siniawski, Costas Pitas, Peter Graff, Jamie Freed Organizations: Cuban Foreign, United Nations, Cuban, Twitter, REUTERS, White House, Service, Biden, Thomson Locations: Cuban, Washington, New York, Cuba, United States

☆ Mexico inflation continues slowdown in early September
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

A man sells corn grains at a public market in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. Headline inflation in Latin America's second-largest economy hit 4.44% in the 12 months through early September, down from 4.64% at the end of August, data from statistics agency INEGI showed. If not, we're talking about the Bank of Mexico standing on just one foot," the president told a press conference. It warned that it would be necessary to maintain it for an "extended" period to meet its inflation target of 3%, plus or minus one percentage point. Mexico's economy grew 0.2% in July from June and expanded 3.2% from the same month a year before, the national statistics agency said earlier on Friday.

Persons: Edgard Garrido, Andres Manuel Lopez Obrador, Banxico, Lopez Obrador, Peter Frontini, Raul Cortes Fernandez, Brendan O'Boyle, Natalia Siniawski, Alistair Bell Organizations: REUTERS, Reuters, Bank of, Thomson Locations: Ozumba de Alzate, State, Mexico, Bank of Mexico

☆ Mexico's Sheinbaum leads 2024 presidential race -poll
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

Former Mexico City Mayor Claudia Sheinbaum gestures as she speaks on the day she is certified as presidential candidate for the ruling National Regeneration Movement (MORENA) party during a ceremony, in Mexico City, Mexico September 10, 2023. REUTERS/Henry Romero/File photo Acquire Licensing RightsSept 14 (Reuters) - The presidential candidate of Mexico's leftist ruling party, Claudia Sheinbaum, a close ally of the current president, is favorite to win the 2024 election, a new opinion poll showed. Those polled were asked to choose between Sheinbaum, Galvez, and former foreign minister Marcelo Ebrard, Sheinbaum's main rival for MORENA presidential nomination. The poll showed Ebrard winning 15% support as MC candidate against Sheinbaum and Galvez. In a head-to-head contest between the two female front-runners, Sheinbaum got 55% support and Galvez 34%.

Persons: Mexico City Mayor Claudia Sheinbaum, Henry Romero, Claudia Sheinbaum, Xochitl Galvez, Galvez, Marcelo Ebrard, Ebrard, Sheinbaum, Andres Manuel Lopez Obrador, Raul Cortes, Natalia Siniawski, Stefanie Eschenbacher, Alistair Bell Organizations: Mexico City Mayor, Regeneration, REUTERS, National Regeneration, Spanish, El Pais, MORENA, Movement, Sheinbaum, Thomson Locations: Mexico City, Mexico, Sheinbaum, MORENA, Galvez

☆ Mexican core inflation slows more than expected to 20-month low
▼ + stars: | 2023-09-07 | by ( Natalia Siniawski | ) www.reuters.com time to read: +2 min

That drop was off the back of lower core goods inflation, Capital Economics analyst Jason Tuvey said, while services inflation - which central bank board members have described as "sticky" - remained above 5% year over year. Annual core inflation in the second half of the month was "good news," said central bank board member Jonathan Heath on social media network X. Headline inflation edged downward to 4.64% in the month, in line with market expectations and its lowest since March 2021. That was driven by softer core price pressures, Capital's Tuvey said, but with inflation in the services sector still proving stubborn, the central bank is still unlikely to kick off an interest-rate easing cycle soon. The closely watched core price index rose 0.27% during the month (MXCPIX=ECI).

Persons: Jose Luis Gonzalez, Jason Tuvey, Jonathan Heath, Capital's Tuvey, Andres Abadia, Natalia Siniawski, Kylie Madry, Frances Kerry, Aurora Ellis Organizations: REUTERS, Capital, Reuters, of, Macroeconomics, America, Thomson Locations: Ciudad Juarez, Mexico, of Mexico

☆ Argentina agrees $775 million loan with Qatar to make IMF repayment
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File PhotoAug 4 (Reuters) - Argentina's government on Friday agreed with Qatar a $775 million loan to use to make an International Monetary Fund (IMF) repayment due this Friday. Argentina is grappling with a severe economic crisis with sky-high inflation and falling central bank reserves and is facing IMF repayments. The country's Economy Minister Sergio Massa said on Monday Argentina would not use "a single dollar of its own reserves" to make the IMF repayment. The Qatar loan will have the IMF's variable interest rate applicable to SDRs (IMF currency), which is currently 4.033% per annum, a presidential decree said.

Persons: Yuri Gripas, Sergio Massa, Massa, Nicolas Misculin, Natalia Siniawski, Jason Neely, Jane Merriman Organizations: Monetary Fund, REUTERS, Qatar, Argentina, IMF, CAF, Thomson Locations: Washington , U.S, Argentina, Qatar, China

☆ Brazil's Ambev Q2 net profit falls 15%, misses estimates
▼ + stars: | 2023-08-03 | by ( Natalia Siniawski | ) www.reuters.com time to read: +2 min

REUTERS/Paulo WhitakerAug 3 (Reuters) - Brazilian brewer Ambev (ABEV3.SA) on Thursday reported a 15.2% decline in second-quarter net profit, narrowly missing market forecasts. The subsidiary of Belgium's Anheuser-Busch InBev (ABI.BR) posted profit of 2.60 billion reais ($540.34 million), below the 2.68 billion reais average estimate of analysts polled by Refinitiv. Revenue rose 20% from the same period a year earlier to 18.9 billion reais, as cost pressures continued to ease but missing the 19.80 billion reais consensus view. Earnings before interest, tax, depreciation and amortization (EBITDA) grew in all business units, though sales volume declined 2.2%. "Our top-line performance remained resilient and cost pressures continued to decelerate leading to bottom-line growth," CEO Jean Jereissati said in a statement.

Persons: Paulo Whitaker, Ambev, Jean Jereissati, Itau, Natalia Siniawski, Jane Merriman, Christopher Cushing, Tomasz Janowski Organizations: Bebidas, REUTERS, Belgium's Anheuser, Busch InBev, Refinitiv, Petrobras, PETR4, Thomson Locations: Companhia, Fortaleza, Brazil, Central America, Caribbean, Panama, Dominican Republic, Vale, VALE3

☆ Mexico's inflation eases to lowest in two years
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

July 24 (Reuters) - Mexico's headline inflation eased in the first half of July to its lowest level in more than two years, the national statistics agency said on Monday. In Latin America's second largest economy, 12-month headline inflation reached 4.79% in the first half of July, the lowest since March 2021, slowing further but still above the central bank's official target of 3%. INEGI data showed that annual core inflation, which strips out some volatile food and energy prices, slid to 6.76% in the first two weeks of July. Last month, Mexico's central bank board members made the unanimous decision to keep its benchmark interest rate at 11.25% for the second time, and said might need to maintain rates at current levels for an extended period to bring inflation down to target. Banxico first paused its rate hikes in May after a nearly two-year hiking cycle that began in June 2021.

Persons: Natalia Siniawski, Bernadette Baum Organizations: Reuters, Thomson

☆ Explosives used in Mexico 'terror' attack that killed six
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

[1/5] Soldiers walk near a scene where suspected gang members killed police officers and members of the Jalisco state attorney general's office during an attack with explosives on Tuesday night, in Tlajomulco de Zuniga, Mexico July 12, 2023. REUTERS/Fernando CarranzaMEXICO CITY, July 12 (Reuters) - Suspected gang members in western Mexico killed four security officials and two civilians and injured a dozen other people after an attack with explosives on Tuesday night, which the local government described as an "act of terror." The blast that hit police and officials working at the Jalisco state attorney general's office was "an unprecedented act and shows what these organized crime groups are capable of", state governor Enrique Alfaro said on Twitter. Describing it as an "act of terror", Alfaro said organized crime was trying to spread fear and panic. A spokesperson for the Jalisco government said three of the dead worked at the attorney general's office, one was a local police officer and two were civilians.

Persons: Tlajomulco de, Fernando Carranza, Enrique Alfaro, Alfaro, Andres Manuel Lopez Obrador, Luis Rodriguez Bucio, Dave Graham, Natalia Siniawski, Jason Neely, David Gregorio Our Organizations: REUTERS, Fernando Carranza MEXICO CITY, Twitter, National Guard, Thomson Locations: Jalisco, Tlajomulco, Tlajomulco de Zuniga, Mexico, Guadalajara, Guanajuato

☆ Mexico launches antitrust probe in digital goods and services sector
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, July 3 (Reuters) - Mexico's antitrust watchdog has started an investigation into possible monopolistic practices in the market for the sale and development of digital goods and services, as well as related services, the government said in its official gazette on Monday. The Federal Economic Competition Commision (COFECE) said it had begun the probe to see if the practices in question breached federal competition law. It did not identify any company in relation to the file, cited as DE-023-2022, as is customary during investigations. COFECE said the process should not be understood as an assumption of responsibility on the part of any market player. The investigation would last at least 30 working days from the date of the announcement, and would not exceed 120 days, it said.

Persons: COFECE, Natalia Siniawski, Dave Graham, David Holmes Organizations: MEXICO CITY, Federal, Thomson Locations: MEXICO

☆ Mexico's Sheinbaum leads race for ruling party presidential ticket -poll
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

That has prompted many analysts to view the MORENA contest as an almost de facto presidential race. The poll showed that Ebrard was the best-known candidate, being recognized by 71% of respondents, while Sheinbaum was familiar to 66% of the public. Sheinbaum and Ebrard have long been favorites for the MORENA ticket. The poll showed the next-best placed candidate, former Interior Minister Adan Augusto Lopez, had 8% support, along with veteran leftist Gerardo Fernandez Norona. A survey published last month by Buendia & Marquez showed Sheinbaum polling at 32% support and Ebrard at 23% on the question of who should be the MORENA presidential candidate.

Persons: Mexico City Mayor Claudia Sheinbaum, Marquez, Sheinbaum, Marcelo Ebrard, Andres Manuel Lopez Obrador, Ebrard, Adan Augusto Lopez, Gerardo Fernandez Norona, Natalia Siniawski, Mark Porter Organizations: MEXICO CITY, Mexico City Mayor, El Universal, Regeneration, Buendia, Thomson Locations: MEXICO, MORENA

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