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☆ U.S. Mends Fences With El Salvador's Bukele as China Lurks
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +6 min

Now, more than ever, the U.S. needs Central American nations like El Salvador to curb migration to the southern border. In October, the State Department's top Latin America diplomat, Brian Nichols, visited El Salvador and posed for photos with Bukele. WAITING IN THE WINGSAt the same time, there are growing ties between China and El Salvador. Although of limited commercial importance in itself, El Salvador offers China a foothold in Central America, and in 2017 broke relations with Taiwan in favor of China. "El Salvador wants to do trade with everyone," Bukele said during his victory speech on Sunday night.

Persons: Diego Oré, Sarah Kinosian, Nelson, Nayib Bukele, Jean Manes, Bukele's, Brian Nichols, Antony Blinken, Bukele, Manes, Ana Maria Mendez, Salvadorans, El Salvador, El, Margaret Myers, Diego Ore, Nelson Renteria, Christian Plumb, Rosalba O'Brien Organizations: SALVADOR, Reuters, El Salvador, Central American, U.S, U.S ., Central, State Department's, El, U.S . State Department, Washington Office, U.S . Customs, USAID, The U.S, Inter, Huawei, Washington, Diego Locations: United States, U.S, El Salvador, Latin America, America, China, Honduras, Washington, China's, San Salvador, Central America, Taiwan, Mexico City

☆ Chile President Says Wildfires Death Toll Jumps to 64, Likely to Rise
▼ + stars: | 2024-02-04 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

(Reuters) - At least 64 people have died from forest fires raging in Chile - an increase of 13 in the past day, President Gabriel Boric said on Sunday, adding that the death toll is likely to increase further. "We know that figure is going to grow, it's going to grow significantly," Boric said in a televised speech to the nation. (Reporting by Diego Ore in Mexico City; Writing by Drazen Jorgic; Editing by Will Dunham)

Persons: Gabriel Boric, Boric, Diego Ore, Drazen Jorgic, Will Dunham Organizations: Reuters, Diego Locations: Chile, Mexico City

☆ Raging Forest Fires Kill at Least 19 in Chile; Toll Expected to Rise
▼ + stars: | 2024-02-03 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - At least 19 people were killed by forest fires in the coastal tourist city of Vina del Mar and the death toll could rise in the coming hours as rescue teams reach more affected areas, Interior Minister Carolina Toha said on Saturday. Throughout the country there were 92 active fires, leaving more than 43,000 hectares affected by the incident, Interior Minister Toha said. "The area with fires today is much smaller than last year (but) at this time the number of hectares affected is multiplying very rapidly," Toha said. Toha said that the authorities' greatest concern was that some of the active fires were developing very close to urban areas "with the very high potential to affect people, homes and facilities". (Reporting by Diego Ore; Additional reporting by Natalia Ramos y Jorge Vega; Editing by Drazen Jorgic and Franklin Paul)

Persons: Carolina Toha, Toha, Diego Ore, Natalia Ramos, Jorge Vega, Drazen Jorgic, Franklin Paul Organizations: Reuters, Vina del Mar Locations: Vina, Valparaiso, Chile

☆ Mexico High Schoolers Take up Arms After Village Kidnappings
▼ + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

Violence has recently escalated in Guerrero, one of the poorest states in Mexico. In Ayahualtempa, four members of a local family have been missing since Friday when they were kidnapped, the Guerrero state prosecutor's office said. "We're not going to allow them to kidnap us any more, or for people to keep disappearing," Toribio said. This is not the first time minors have been armed in Guerrero, where authorities have struggled to counter powerful drug trafficking gangs. (Reporting by Javier Verdin in Acapulco and Diego Oré in Mexico City, Writing by Isabel Woodford; Editing by Rosalba O'Brien)

Persons: Javier Verdin, Diego Oré, Antonio Toribio, We're, Toribio, Isabel Woodford, Rosalba O'Brien Organizations: Familia Locations: Diego Oré ACAPULCO, Mexico, Ayahualtempa, Guerrero, Acapulco, Mexico City

☆ Guatemala's Arevalo Due to Assume Presidency With Difficult Path Ahead
▼ + stars: | 2024-01-14 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

The attorney general has tried to strip Arevalo and his Vice President-elect Karin Herrera of legal immunity, suspend his Semilla party and annul the election. "Problems are not over for Arevalo," said Roberto Alejos, former Guatemalan Congressional and political analyst. Giammattei's conservative Vamos party and UNE, the party of former first lady Sandra Torres who Arevalo defeated in the election hold a combined greater power. The government of Arevalo and Herrera will have to carefully balance demands by the United States to stem migration amid record-high remittances that keep the local economy afloat. After winning the presidency, Arevalo said he will expand relations with China, which could imply a change in policy for Guatemala's diplomatic ties with Taiwan, a move that could anger the United States.

Persons: Bernardo Arevalo, Alejandro Giammattei, Arevalo's, Arevalo, Karin Herrera, Roberto Alejos, Sandra Torres, Ana Maria Mendez, Consuelo, Porras's, TAIWAN Arevalo, Juan Jose Arevalo, Herrera, Sofia Menchu, Diego Ore, Cassandra Garrison, Diane Craft Organizations: Sofia Menchu, Sofia Menchu GUATEMALA CITY, Arevalo, Guatemalan Congressional, Washington Office, American Affairs, TAIWAN, Central, Reuters Locations: Sofia, Sofia Menchu GUATEMALA, Guatemalan, Guatemala, Central America, Arevalo, United States, CHINA, China, Taiwan, Guatemala City

☆ Mexican lawmakers OK stock market reform bill
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Nov 15 (Reuters) - Mexico's lower house on Wednesday passed a bill aimed at revamping national stock exchanges, a long-awaited move meant to boost trading following a spate of delistings from the main market in recent years. The bill loosens regulations for companies to go public, speeding up the process and reducing the costs involved, said Mexico's largest market operator, the Bolsa Mexicana de Valores, in a statement. The bill had previously passed in the Senate, and will now be sent to President Andres Manuel Lopez Obrador's desk to be signed into law. Just 138 companies are listed on the Bolsa Mexicana de Valores, which has gone six years without a new listing, barring spin-offs. Reporting by Kylie Madry and Diego Ore; Editing by Anthony Esposito and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Gabriel Yorio, Andres Manuel Lopez, Lala, Kylie Madry, Diego Ore, Anthony Esposito, Stephen Coates Organizations: MEXICO CITY, Bolsa Mexicana de, Senate, Grupo Sanborns, Thomson Locations: MEXICO, Bolsa Mexicana de Valores

☆ Hundreds more join Mexico migrant caravan headed for US, organizer says
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 31 (Reuters) - Hundreds more people have joined a caravan of thousands of migrants in Mexico bound for the United States, one of the organizers said on Tuesday, as the group traveled through the southern state of Chiapas. On Wednesday, the caravan will aim to reach the town of Huixtla, about 13 miles to the north, Mujica said. U.S. President Joe Biden, who is seeking reelection next year, is under pressure to bring down the number of people crossing illegally into the United States from Mexico. Most of the latest caravan are from Cuba, El Salvador, Guatemala, Haiti, Honduras and Venezuela, according to Mujica. The storm is also threatens to lash southern Mexico with rain, potentially affecting the region where the caravan is traveling.

Persons: Irineo Mujica, Mujica, Joe Biden, Pilar, Dave Graham, Michael Perry Organizations: MEXICO CITY, Tuesday, Diego Ore, Thomson Locations: MEXICO, Mexico, United States, Chiapas, Huehuetan, Tapachula, Guatemalan, Huixtla, Cuba, El Salvador, Guatemala, Haiti, Honduras, Venezuela, Darien, Panama, Colombia

☆ Large Migrant Caravan Sets off for US From Southern Mexico
▼ + stars: | 2023-10-30 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Diego OréMEXICO CITY (Reuters) - A large migrant caravan comprising many Central Americans and Venezuelans left southern Mexico on Monday for the United States, organizers and officials said, as Washington grapples with renewed pressure on its southern border. U.S. President Joe Biden, who is seeking reelection next year, is under pressure to curb the number of people crossing illegally into the United States from Mexico. Most of the latest caravan are from Cuba, El Salvador, Guatemala, Haiti, Honduras and Venezuela, according to Mujica. Mujica said the migrants opted to leave Tapachula due to frustration about not being able to obtain humanitarian visas. Tropical storm Pilar formed off Central America in the Pacific on Monday, and threatens to dump heavy rain on the region and parts of southern Mexico.

Persons: Diego, Irineo Mujica, Joe Biden, Mujica, it's, Oscar Gutierrez, Pilar, Diego Ore, Jonathan Oatis Organizations: MEXICO CITY, Central, Migration Institute, Central America Locations: MEXICO, Mexico, United States, Washington, Chiapas, Tapachula, Guatemalan, Cuba, El Salvador, Guatemala, Haiti, Honduras, Venezuela, Huehuetan, Acapulco, Darien, Panama, Colombia, Venezuelan

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

☆ 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

☆ Mexico Energy Secretary Steps Down, to Seek Veracruz Governorship
▼ + stars: | 2023-10-13 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

MEXICO CITY (Reuters) -Mexico Energy Secretary Rocio Nahle has presented her resignation and will step down immediately, Mexican President Andres Manuel Lopez Obrador said on Friday, as she prepares to enter the race for governor of Veracruz state. The refinery aims to help Mexico become energy self-sufficient but has not yet begun to market its products. The list also includes Eric Cisneros and Zenyazen Escobar, who resigned from their posts as Veracruz government secretary and education secretary, respectively. The current state governor is MORENA's Cuitlahuac Garcia. Nahle sent a message on social messaging platform X thanking Lopez Obrador.

Persons: Rocio Nahle, Andres Manuel Lopez Obrador, Lopez Obrador, Nahle, Miguel Angel Yunes, MORENA, Sergio Gutierrez Luna, Claudia Tello, Manuel Huerta, Eric Cisneros, Zenyazen Escobar, MORENA's Cuitlahuac Garcia, Diego Ore, Aida Pelaez, Fernandez, Sarah Morland, Lincoln Organizations: MEXICO CITY, Mexico Energy, Dos Bocas, PAN Locations: MEXICO, Mexico, Mexican, Veracruz, of Mexico, Dos, Tabasco

☆ Mexico's Pacific beach towns brace as Lidia becomes hurricane
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Hurricane-force winds and flooding rains should begin to hit Mexico on Tuesday, the center said. The NHC warned of hurricane conditions from southern Jalisco state up to the Islas Marias off the Nayarit coast, and tropical storm conditions stretching north to Mazatlan and south to Manzanillo. A storm surge could also produce "significant coastal flooding" around where Lidia makes landfall, it added. This comes as Storm Max, which hit the southern state of Guerrero on Monday, weakens as it travels inland. The NHC warned that Max would bring strong winds across the southern coastline Monday night and could still produce flash flooding and mudslides across Guerrero and neighboring Michoacan states.

Persons: Storm Lidia, Lidia, Storm Max, Max, Sarah Morland, Diego Ore, Lincoln, Gerry Doyle Organizations: MEXICO CITY, U.S, National Hurricane Center, NHC, Thomson Locations: MEXICO, Mexico, Hurricane, Puerto Vallarta, Jalisco, Islas Marias, Nayarit, Mazatlan, Manzanillo, Sinaloa, California, Guerrero, Michoacan

Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela January 28, 2019. Separate talks between Maduro's envoys and the Venezuelan opposition are expected to follow in Mexico in the coming weeks, according to sources. Washington has been trying to encourage negotiations between Maduro and the political opposition over elections in Venezuela and other demands. The proposal included reframing oil sanctions on Venezuela by amending existing U.S. executive orders or issuing new ones so buyers in Europe and other regions could resume imports of Venezuelan oil in a structured, organized way. Chevron (CVX.N) has been allowed to expand operations in Venezuela and export its oil to the U.S. since November.

Persons: Carlos Garcia Rawlins, Nicolas Maduro, Maurel, PDVSA, Vivian Sequera, Mayela, Andrew Mills, Marianna Parraga, Matt Spetalnick, Benjamin Mallet, Marguerita Choy Organizations: REUTERS, Rights, U.S, U.S . State Department, White, Doha, Chevron, Eni, Mayela Armas, Thomson Locations: Caracas, Venezuela, Rights CARACAS, DOHA, HOUSTON, Mexico, Washington, Doha, Venezuelan, Maduro, U.S, Qatar, Iran, American, Europe, Houston, Diego Ore, Mexico City, Paris

☆ Venezuela Readying Return to Mexico-Based Talks With Opposition -Sources
▼ + stars: | 2023-10-09 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

The talks between President Nicolas Maduro's government and the opposition are meant to find solutions to Venezuela's long-running political and economic crisis. The opposition will repeat its long-standing petition for release of political prisoners and guarantees for an election slated for 2024, two sources close to preparations for the talks said. Envoys from Caracas and Washington have met several times in Doha since last year in separate conversations, according to other sources with knowledge of those talks, but Venezuela's opposition did not directly participate. One source said the Venezuelan government had broadly discussed electoral issues at the Qatar talks, but had not entered into detail about guarantees. The United States announced on Thursday it will restart deportations of Venezuelans who cross the U.S.-Mexico border unlawfully, an agreement two of the sources said was achieved during the Doha talks.

Persons: Marianna Parraga, Diego Oré, Mayela Armas, Nicolas Maduro's, Delcy Rodriguez, Henrique Capriles, Vivian Sequera, Matt Spetalnick, Andrew Mills, Rosalba O'Brien Organizations: MEXICO CITY, U.S . State Department, Venezuela's Foreign Affairs, Reuters, White, United States, Doha Locations: Mayela Armas HOUSTON, MEXICO, CARACAS, Mexico, U.S, Caracas, Washington, Doha, Qatar, United States, Venezuela, Venezuelan, Houston, Diego Ore, Mexico City, Washinghton

☆ 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

☆ Bus carrying migrants in Mexico crashes, leaving 17 dead, 15 injured
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 6 (Reuters) - A bus carrying dozens of mostly Venezuelan migrants in the south of Mexico crashed on Friday, killing 17 people and leaving 15 more injured, state authorities said. The bus was on the highway in the southern state of Oaxaca when it overturned, the state's civil protection agency said on social media X. Pictures from the agency showed the bus tipped over along a tight curve in the road. The interior ministry of neighboring state Puebla said that the 15 injured people had been taken to its hospitals, as the accident occurred near state lines. Migrants attempt to cross Mexico by bus, in trucks or aboard cargo trains, however, the journey is often dangerous.

Persons: Raul Cortes, Diego, Kylie Madry, Brendan O'Boyle, Cassandra Garrison Organizations: MEXICO CITY, Diego Ore, Thomson Locations: MEXICO, Mexico, Oaxaca, Puebla, U.S

☆ As US and Mexico seek more migrant deportation flights, Venezuelans press on
▼ + stars: | 2023-10-06 | by ( Elida Moreno | ) www.reuters.com time to read: +3 min

On Thursday, the U.S. said it was restarting deportations of Venezuelans who cross the U.S.-Mexico border unlawfully. Mexico, on Friday, said it was seeking to return migrants to Brazil, Colombia, Cuba, Nicaragua and Venezuela. A record of 417,000 migrants have crossed the Darien Gap this year, more than double the number in all of last year. "Crossing the Darien is hell," said Panama President Laurentino Crotizo in a statement, after touring the area via plane with Costa Rica counterpart Rodrigo Chaves. In the last three weeks, more than 27,000 migrants have been "persuaded to get down from trains," INM said.

Persons: Laurentino Cortizo, Rodrigo Chaves, Lajas, Sherly, Kelvin Romero, Laurentino Crotizo, Ana Cordova, INM, Elida Moreno, Valentine Hilare, Beth Solomon, Stephen Eisenhammer, Sandra Maler Organizations: Costa Rica, REUTERS Acquire, Migration Institute, Ore, Thomson Locations: Panama, Costa, Darien province, U.S, Mexico, Colombia, Venezuela, Brazil, Cuba, Nicaragua, Darien, Costa Rica, Venezuelan, Meteti, Mexico City

☆ Peruvian annual inflation eases to lowest level in more than two years
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Oct 1 (Reuters) - Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank's target rate. Data from national statistics agency INEI showed the key index based on the metropolitan region of Lima slowed to its lowest level since August 2021, when it stood at 4.95%. On a month-to-month basis the Lima Consumer Price Index, Peru's inflation benchmark, inched up 0.02% in September, well below the 0.38% increase in August. The figures are a boost to Peru's bid to wrestle inflation back to the central bank's official target of 2%, plus or minus one percentage point. Reporting by Diego Ore in Mexico City and Jose Joseph in Bengaluru Editing by Drazen Jorgic and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: INEI, Diego Ore, Jose Joseph, Drazen Jorgic, Aurora Ellis Organizations: Lima Consumer, Diego, Thomson Locations: Peru decelerated, Lima, Mexico City, Bengaluru

☆ 10 Cuban migrants killed in Mexico truck accident, 17 injured
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Oct 1 (Reuters) - At least 10 Cuban migrants died and 17 others were seriously injured when a cargo truck ferrying them had an accident in the southern Mexican state of Chiapas, Mexico's migration institute said on Sunday. The accident took place along the Pacific coast stretch of the Pijijiapan-Tonalá highway in Chiapas, a common route taken by migrants who cross into Mexico from Guatemala on their way north towards the United States. The driver of the Ford truck, which is not designed to carry so many people, fled the scene of the accident, the National Migration Institute (INM) said in a statement. The 17 injured people were taken to hospitals and are being monitored, INM said. Road accidents involving migrants are not uncommon in Mexico, where many people crossing the country to the United States travel in unauthorized and poorly maintained vehicles.

Persons: INM, Diego Ore, Lizbeth Diaz, Drazen Jorgic, Richard Chang Organizations: Ford, National Migration Institute, Thomson Locations: Mexican, Chiapas, Tonalá, Mexico, Guatemala, United States

☆ Mexican singer Peso Pluma cancels concert after death threats
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Peso Pluma performs during the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. REUTERS/Brendan Mcdermid/File Photo Acquire Licensing RightsTIJUANA, Mexico, Sept 20 (Reuters) - The Mexican singer known as Peso Pluma has called off an October concert in Tijuana, a city on the border with the United States, after receiving death threats, his record label said on Wednesday. Peso Pluma's music spans reggaeton, trap and corridos tumbados - a genre that mixes the traditional Mexican corrido with urban genres and violent lyrics. Mexico's government reported 1,399 murders in Baja California state during the first eight months of this year, with Tijuana - where Peso Pluma was set to perform on Oct. 14 - representing the greatest share. Reporting by Lizbeth Diaz in Mexico City Additional reporting by Diego Oré in Mexico City Writing by Sarah Morland Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pluma, Brendan Mcdermid, Hassan Kabande, Lizbeth Diaz, Diego Oré, Sarah Morland, Matthew Lewis Organizations: Prudential Center, REUTERS, Rights, Doble, Thomson Locations: Newark , New Jersey, U.S, Rights TIJUANA, Mexico, Mexican, Tijuana, United States, Baja California, Mexico City

REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Sept 11 (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Mexico's Finance Ministry Rogelio Ramirez de la O, Marcela Guerra, Raquel Cunha, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Dave Graham, Diego Ore, Noe Torres, Jamie Freed Organizations: Mexico's Finance Ministry, Mexican, REUTERS, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of, Thomson Locations: Mexico City, Mexico, MEXICO, Bank of Mexico

☆ Mexico's Election Year Deficit Plan Fuels Fear Over Finances
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Dave Graham and Diego OréMEXICO CITY (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Dave Graham, Diego, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Diego Ore, Noe Torres, Jamie Freed Organizations: MEXICO CITY, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of Locations: MEXICO, Mexico, Bank of Mexico, Mexico City

☆ Mexico's Sheinbaum eyes historic presidency as guardian of Lopez Obrador legacy
▼ + stars: | 2023-09-07 | by ( Dave Graham | ) www.reuters.com time to read: +5 min

[1/5] Former Mexico City Mayor Claudia Sheinbaum gestures as she speaks on the day of the announcement of the results of an internal national polling which declared Sheinbaum as the presidential candidate, in Mexico City, Mexico September 6, 2023. loadingSheinbaum and her mentor, President Andres Manuel Lopez Obrador, a trenchant critic of the establishment before he took power, would not meet until years later. On Wednesday, MORENA said Sheinbaum, who in June stood down as Mexico City mayor to pursue the nomination, would be its candidate to succeed Lopez Obrador. Lopez Obrador regularly lambasts adversaries at daily news briefings. Lopez Obrador appointed Sheinbaum city environment minister, and she became a close ally.

Persons: Mexico City Mayor Claudia Sheinbaum, Sheinbaum, Raquel Cunha, Claudia Sheinbaum, Andres Manuel Lopez Obrador, MORENA, Lopez Obrador, Marcelo Ebrard, Xochitl Galvez, Antonio Ocaranza, Ernesto Zedillo, Carlos Salinas, Mexico's, Salinas, Lopez, Rene Cervera, Ebrard, Cervera, Dave Graham, Diego Ore, Aurora Ellis Organizations: Mexico City Mayor, REUTERS, Trade, National Regeneration, Mexico City, Reuters, Stanford University, Institutional Revolutionary Party, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, Tabasco, MORENA

[1/2] Guatemalan presidential candidate Bernardo Arevalo of the Semilla party addresses supporters during his closing campaign rally, ahead of Sunday's presidential run-off, at the Plaza Central in Guatemala City, Guatemala August 16, 2023. REUTERS/Cristina Chiquin/File Photo Acquire Licensing RightsGUATEMALA CITY, Aug 21 (Reuters) - Guatemala's Bernardo Arevalo, who won Sunday's presidential run-off by double-digits, is looking to retrace his father's footsteps more than 70 years after Arevalo senior broke a long period of dictatorship to become the country's first democratically elected president. "I'm not my father, but I'm traveling down the same road he built," Arevalo said last week during his campaign's closing rally. The family lived in Venezuela, Mexico and Chile before returning to Guatemala when Arevalo was a teenager. Arevalo took part in the pivotal 2015 protests, and a couple of years later helped create what would become the upstart Seed movement - Semilla in Spanish.

Persons: Bernardo Arevalo, Cristina Chiquin, Guatemala's Bernardo Arevalo, Arevalo, Juan Jose Arevalo, Sandra Torres, Alvaro Montenegro, Otto Perez Molina, June's, January's, Sofia Menchu, Diego Ore, David Alire, Rosalba O'Brien Organizations: Plaza Central, REUTERS, GUATEMALA CITY, Central, Prosecutors, Thomson Locations: Guatemala City, Guatemala, GUATEMALA, Central America's, Uruguay, U.S, Venezuela, Mexico, Chile, Israel, Spain

"We have waited for this moment for many years," said Carlos de Leon Samayoa, 27, as he celebrated on the streets of Guatemala City. Arevalo unexpectedly emerged out of political obscurity to build a large anti-graft movement with his Semilla party, after many other opposition candidates were barred from running. [1/9]Guatemalan anti-graft presidential candidate Bernardo Arevalo, of the Semilla political party, poses for a photo during the presidential run-off election, in Guatemala City, Guatemala August 20, 2023. "The ruling pact will likely continue to target electoral officials and Arevalo’s Semilla party with investigations ahead of January’s change in government," she said. POLITICAL TENSIONSBeyond his anti-graft policies, Arevalo said he wants to expand relations with China alongside Guatemala's longstanding allegiance with Taiwan.

Persons: Bernardo Arevalo, Arevalo, Sandra Torres, Alejandro Giammattei, revel, Guatemalans, Arevalo's, Carlos de Leon Samayoa, Torres, Guatemala's, Pilar Olivares, Risa Grais, Arevalo’s, Eladio Loizaga, Giammattei, Ana María Méndez, Cassandra Garrison, Sofia Menchu, Herbert Villarraga, Diego, Drazen Jorgic, Stephen Eisenhammer, Miral Fahmy, Stephen Coates, Gerry Doyle Organizations: GUATEMALA CITY, Central, Twitter, REUTERS, Eurasia Group, Organization of American States, Central America, Diego Ore, Thomson Locations: GUATEMALA, Guatemalan, United States, Guatemala, Americas, Guatemala City, June's, China, Taiwan, Taipei, Honduras, America

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