Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Cartel"


25 mentions found


MEXICO CITY (AP) — Mexico wants an urgent investigation into how U.S. military-grade weapons are increasingly being found in the hands of Mexican drug cartels, Mexico's top diplomat said Monday. Mexico’s army is finding belt-fed machine guns, rocket launchers and grenades that are not sold for civilian use in the United States. “The (Mexican) Defense Department has warned the United States about weapons entering Mexico that are for the exclusive use of the U.S. army,” Foreign Relations Secretary Alicia Bárcena said. While the Mexican army and marines still have superior firepower, the drug cartels' weaponry often now outclasses other branches of Mexican law enforcement. Mexico argued the companies knew weapons were being sold to traffickers who smuggled them into Mexico and decided to cash in on that market.
Persons: Alicia Bárcena, Luis Cresencio Sandoval, Sandoval, Ken Salazar, ” Salazar, Mexico’s, Bárcena, ” Bárcena, Organizations: MEXICO CITY, ) Defense Department, U.S ., Foreign, National Guard, Jalisco New, Mexico's Defense Department, U.S, Arms, Appeals, Foreign Affairs Ministry, Central America, South American, Central, Department, CBP Locations: MEXICO, Mexico, United States, Jalisco, Sinaloa, U.S, States, Central America, Boston , Massachusetts, South
MEXICO CITY (Reuters) - At least 12 suspected criminals were killed on a highway near Hermosillo in the northern Mexican state of Sonora, a state official said Sunday, in what authorities called a foiled attempt to rescue the son of a cartel hitman. Another seven escaped and some are probably wounded, the Sonora's state attorney's office said in a statement. Two security officials were hospitalized after the crossfire but are now in stable condition, the statement added. The office said it suspected the group, armed with assault weapons, was attempting to rescue the son of Jesus Humberto Limon, a suspected hitman working for a faction of the Sinaloa Cartel led by the sons of Joaquin "El Chapo" Guzman. The suspected hitman's son, Carlos Humberto, had been detained minutes before for "crimes against health" in Camino del Seri, it said, without giving further details.
Persons: Jesus Humberto Limon, Joaquin, El, Guzman, Carlos Humberto, gunmakers, Raul Cortes, Sarah Morland, Lisa Shumaker Organizations: MEXICO CITY, Reuters, Kino, Security, AK Locations: MEXICO, Hermosillo, Mexican, Sonora, Sinaloa, Camino del, Bahia, U.S
An alternative to title insurance called an attorney-opinion letter might help buyers save money. Title insurance, which is required to close on most properties in the US, can cost hundreds or thousands of dollars. The savings from using attorney-opinion letters could help Americans facing high prices and high borrowing costs better afford homeownership. Some say title insurance is obsolete, since modern technology has improved access to public records essential for confirming a home's title or owner. "It's been clear for years that something is seriously wrong with title insurance," Schwartz wrote in 2022.
Persons: , Insider's Mattathias Schwartz, Fannie Mae, Schwartz, Homebuyers, Forbes Organizations: Service, Street, Mortgage, Iowa, The New York Times Locations: Philadelphia, Midwest
Read previewA Mexican bride's wedding day took an unexpected turn last month as she found herself in handcuffs instead of saying "I do." The woman, identified only as Nancy N., was arrested on the day she was due to get married. Mexico state prosecutors said the woman was apprehended and is accused of taking part in an extortion scheme alongside her would-be husband and six others. The couple was part of a group accused by state prosecutors of extorting chicken and egg merchants near Toluca, Mexico. The group is also suspected of kidnapping workers from a poultry shop, state prosecutors said in the news release.
Persons: , Nancy N, Clemente, El Organizations: Service, Business, General's, El, CBS News, Familia, Prosecutors, BBC News, The New York Times Locations: Mexico, El Sol de Toluca, Villa Guerrero, Toluca, Guerrero , Mexico, Texcapilla
CNN —An Ecuadorean prosecutor, who was reportedly leading an investigation into an attack on a local TV network, was assassinated on Wednesday in Guayaquil, according to Ecuador’s Attorney General Diana Salazar. Cesar Suarez was killed in the northern part of the city, known for being one of the most violent cities in the country. The TV station attack led Noboa to declare an “internal armed conflict” in the country, ordering security forces to “neutralize” several criminal groups accused of spreading extreme violence in the Latin American nation. Since then, Ecuadorian military and police have spread throughout the city of Guayaquil, a CNN team on the ground witnessed. This comes as rival criminal organizations fuel Ecuador’s worsening security situation in their battle to control drug trafficking routes.
Persons: Diana Salazar, Cesar Suarez, Salazar, Suarez, , ” Salazar, , Daniel Noboa, Adolfo “ Fito ” Macias, Oliver, Noboa, “ Leo Organizations: CNN, Ecuavisa, TC Television, United, Ecuadorian, Ecuador’s Armed Forces Locations: Guayaquil, Guayas, Ecuadorian, Ecuador, Fito, Mexico, United States, Sinaloa, Colombia, Los Tiguerones, Victoria del, , Peru, Europe
MEXICO CITY (AP) — Gunmen burst into a home in central Mexico and abducted one of the volunteer searchers looking for the country's 114,000 disappeared and killed her husband and son, authorities said Wednesday. Cano’s volunteer group, Salamanca United in the Search for the Disappeared, said late Tuesday the gunmen shot Cano’s husband and adult son in the attack the previous day. State prosecutors confirmed husband and son were killed, and that Cano remained missing. At least seven volunteer searchers have been killed in Mexico since 2021. The volunteer searchers often conduct their own investigations —often relying on tips from former criminals — because the government has been unable to help.
Persons: Lorenza Cano, Cano, , José Cano Flores, Lorenza Organizations: MEXICO CITY, Salamanca United, Jalisco New, Volunteers Locations: MEXICO, Mexico, Salamanca, Guanajuato, Cabo, brother's, Jalisco, Tlajomulco, America, Caribbean
CNN —All prison guards and administrative employees held hostage by inmates at correctional facilities across Ecuador have now been freed, the national prisons agency said Saturday night. Earlier on Saturday it had said 133 guards and three administrative employees were still being held after at least 41 were released. Ecuadorian President Daniel Noboa welcomed the news and congratulated SNAI, the armed forces and the national police for securing their release. The agency had also reported an armed confrontation at a prison in the southern region of El Oro between inmates and members of the armed forces and the National Police. More than 3,000 police officers and members of the armed forces have been deployed to find him.
Persons: Daniel Noboa, SNAI, Jorge Rendon, , Rafael Correa, Adolfo “ Fito, Oliver, Fito, Fernando Villavicencio, Rodrigo Buendia, Villavicencio Organizations: CNN, Ecuadorian, National Police, Catholic, Security, Authorities, Getty Locations: Ecuador, Esmeraldas, El Oro, , Peru, Colombia, Guayaquil, Fito, Mexico, United States, Sinaloa, AFP, Quito
Oil slides as Saudi price cuts counter Middle East worries
  + stars: | 2024-01-08 | by ( ) www.cnbc.com   time to read: +2 min
In an aerial view, oil storage tanks at the Enterprise Sealy Station are seen on August 28, 2023 in Sealy, Texas. Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. On Sunday rising supply and competition with rival producers prompted Saudi Arabia to cut the February official selling price (OSP) of its flagship Arab Light crude to Asia to the lowest level in 27 months. A Reuters survey on Friday found that OPEC oil output rose in December as increases in Iraq, Angola and Nigeria offset continuing cuts by Saudi Arabia and other members of the wider OPEC+ alliance. "However, that doesn't take into account the fact that geopolitical tensions in the Middle East are undeniably rising again, which will mean limited downside."
Persons: John Evans, Tony Sycamore, Antony Blinken, Vandana Hari Organizations: Enterprise, Brent, West Texas, PVM, Reuters, West, Vanda Insights, Libya's National Oil Corporation Locations: Sealy , Texas, Saudi Arabia, Yemeni, Red, Asia, Iraq, Angola, Nigeria, OPEC, Saudi, Gaza, West Bank, Lebanon, Syria
Supply chains, trade top agenda for Yellen Mexico trip
  + stars: | 2023-12-04 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +2 min
US Treasury Secretary Janet Yellen hosts Leaders from Americas Partnership for Economic Prosperity (APEP) countries at the Treasury Department in Washington, DC, on November 3, 2023. WASHINGTON — Treasury Secretary Janet Yellen will travel to Mexico City this week to strengthen economic ties with America's top trading partner, the Treasury Department said Monday. Yellen will meet with Mexican counterparts, including President Andres Manuel Lopez Obrador, from Dec. 5-7 on creating supply chains spanning the bordering nations to spur job growth and bolster economic security, according to a release. Imports and exports between the U.S. and Mexico reached nearly $600 billion so far in 2023, per the International Trade Administration, and exceeded $850 billion in 2022, according to Treasury. Direct investments between the nations include manufacturing, wholesale trade, real estate and finance and insurance, according to the U.S. Trade Representative.
Persons: Janet Yellen, Yellen, Andres Manuel Lopez Obrador, Joe Biden, Xi Jinping Organizations: Americas Partnership, Economic Prosperity, Treasury Department, WASHINGTON —, Mexican, U.S, International Trade Administration, Treasury, U.S . Trade, Jalisco Nueva Generacion, U.S . Locations: Washington ,, Mexico City, Mexico, United States, Jalisco, U.S
REUTERS/Mike Segar/File Photo Acquire Licensing RightsLONDON, Dec 4 (Reuters) - U.S. crude oil production set a record for the second month running in September, highlighting the challenge to Saudi Arabia and its OPEC⁺ partners as they cut their own production to boost prices. Lower 48 production climbed to a record of 10.8 million b/d, surpassing the pre-pandemic peak of 10.5 million b/d set in December 2019. Drilling activity usually turns down around 4-5 months after prices and production turns down 10-12 months after prices fall. Production growth has slowed consistently since the middle of 2022 in response to the sharp fall in prices. Related columns:- U.S. oil output hits record as producers boost drilling efficiency (November 1, 2023)- U.S. oil producers reprieved by Saudi output cut (October 3, 2023)John Kemp is a Reuters market analyst.
Persons: Mike Segar, OPEC’s, John Kemp, Barbara Lewis Organizations: Bayway, REUTERS, OPEC, U.S . Energy Information Administration, Cooperation, Energy Information Administration, Thomson, Reuters Locations: Phillips, Linden , New Jersey, U.S, Saudi Arabia, Gulf of Mexico, Alaska, OPEC, United Kingdom, Russia, Soviet, Vienna, Brazil, Guyana, El, Saudi
Timothée Chalamet and Hugh Grant are the best part of the Willy Wonka prequel. AdvertisementThe new "Wonka" movie is a mixed bag of sweets and duds. AdvertisementHugh Grant is an underutilized firecrackerTimothée Chalamet as Willy Wonka and Hugh Grant as an Oompa Loompa in "Wonka." Throughout "Wonka," Chalamet oozes infectious optimism and childlike wonder as he takes us on a journey packed with magical moments and simple joys, including a heartwarming rendition of "Pure Imagination." It's almost enough to get us to believe in even the most ridiculous plotlines — but it's still no "Willy Wonka & the Chocolate Factory."
Persons: Wonka, Chalamet, Hugh Grant, Willy Wonka, , Roald Dahl's, Charlie, He's, who's, Paul King, Dahl, Fox, Gene Wilder, Olivia Colman, it's, Miss Hannigan, Annie, Keegan, Michael Key, Barnum, Grant, King, Willy, Oompa Loompas Organizations: Service, Warner Bros, Chocolate
Wall Street Shrugs Off Latest OPEC+ Oil Cuts
  + stars: | 2023-12-01 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
Crude prices seesawed after the OPEC+ announcement. Photo: Andrey Rudakov/Bloomberg NewsMembers of the oil-producers group known as OPEC+ have tried to push crude prices upward with unexpected supply cuts since last year. Wall Street isn’t yet convinced that will pan out. On Thursday, a million barrel-a-day pullback surprised a market that had largely anticipated that the cartel and its allies would hold output steady. Crude prices seesawed after the announcement, suggesting many traders were unsure if it was the surprise they wanted.
Persons: Andrey Rudakov Organizations: Bloomberg Locations: OPEC
Processing towers stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Oil prices are expected to rise in the new year after some OPEC+ oil producers voluntarily pledged to cut output. The oil cartel on Thursday released a statement that did not formally endorse production cuts, but individual countries announced voluntary reductions totaling 2.2 million barrels per day for the first quarter of 2024. Russia said it will cut supply by 300,000 barrels per day of crude and 200,000 barrels per day of petroleum products over the same period. We have to have compliance from the other OPEC nations," Bill Perkins, CEO and head trader of Skylar Capital Management, told CNBC.
Persons: Bill Perkins Organizations: Rosneft Oil, United, United Arab Emirates, Skylar Capital Management, CNBC Locations: Tuapse, Russia, Saudi Arabia, Riyadh, Iraq, United Arab, Kuwait, Kazakhstan, Algeria, Oman
Futures tied to major U.S. equity indexes are split between small gains and losses, while Treasury yields are inching down. Look out for any pushback against the notion, gripping the bond market, that the central bank will soon cut interest rates. November was the best month for the S&P 500 since July last year. They were volatile on Thursday, after Fed Bank of New York President John Williams said he thought it best to keep interest rates high for some time. In Hong Kong, the Hang Seng Index dropped more than 1.2% to close at its lowest in more than a year.
Persons: Jerome Powell, Powell, Dow, John Williams, Brent Organizations: Federal, Dow industrials, Nasdaq, Treasury, Fed Bank of New York Locations: Atlanta, Europe, Hong Kong
In a far corner of the temporary village housing the United Nations climate summit, the world’s largest cartel of fossil fuel producers plied skeptical young activists with chocolate and free pens. A continent away, in Vienna, the cartel’s members were voting to give the summit what amounts to another very small climate treat: at least a temporary reduction in oil and gas drilling. That’s the opposite of what President Biden, who has made climate policy a top priority during his administration, is delivering from the United States. Those delegates are celebrating an accelerating global transition toward low-emission sources of energy like wind and solar power. But expanding renewables is not enough to save the planet, scientists warn, so many delegates are demanding that the world rapidly phase out its use of fossil fuels.
Persons: Biden Organizations: United Arab Emirates, Organization of, Petroleum Locations: United Nations, Vienna, United States, Dubai
November's trading is in its last hours, with stocks—and a range of other asset classes—on pace for strong monthly gains. Stocks, international currencies, and bitcoin have all risen, with traders betting the Fed is done lifting interest rates as inflation ebbs. The Dow is on track for its highest close of 2023, while the Nasdaq Composite is on track for its best month since January. The yield on the 10-year U.S. Treasury note ticked up, rising to around 4.343%, after three days of declines. Overseas, the Stoxx Europe 600 finished its best month since January.
Persons: Dow, Tesla, Dow industrials Organizations: Treasury, Nasdaq, Dow, Benchmark U.S, Overseas
Stocks, international currencies, and bitcoin have also rallied, with traders betting the Federal Reserve is done lifting interest rates. In Europe, the Stoxx Europe 600 inched higher after data showed French inflation softening in November. Up ahead: Tesla will update investors on the Cybertruck. The Fed’s preferred inflation gauge, the PCE, or personal-consumption expenditures price index, is also due. Economists expect to see signs of softening inflation.
Persons: Stocks, Tesla, Brent Organizations: Bloomberg U.S, Federal, Nasdaq, Stock, Dow, Treasury, RBC, Kroger, Dell, Marvell, PCE Locations: Russia, Europe
Stock Market News, Nov. 30, 2023: Dow Logs Highest Close of 2023
  + stars: | 2023-11-30 | by ( ) www.wsj.com   time to read: +1 min
The 10-year U.S. Treasury note had its best month since 2019, as a sharp unwinding of rate-hike expectations sent investors on a bond-buying spree. The Dow ended the day with its highest close since January 2022, while the Nasdaq Composite managed its best month since July 2022. Salesforce's stock rose, lifting the Dow, after the business-software company reported results last night. The yield on the 10-year U.S. Treasury note ticked up to settle at 4.349%, after three days of declines. Overseas, the Stoxx Europe 600 finished its best month since January.
Persons: Dow, Tesla, Dow industrials Organizations: Treasury, Nasdaq, Dow, Benchmark U.S, Overseas
Aggregate bond index is up 4.8% in price this month. Stocks, international currencies, and bitcoin have also rallied, with traders betting the Fed is done lifting interest rates as inflation continues to ebb. On Thursday, the latest personal-consumption expenditures price index—the Fed's preferred inflation gauge —offered the latest sign that pricing pressures are softening. The Nasdaq Composite is up 11% in November, on track for its best month since July 2022. Salesforce's stock rose, lifting the blue-chip Dow, after the business-software company reported results last night.
Persons: Stocks, Tesla, Dow industrials Organizations: Bloomberg U.S, Nasdaq, Dow, Treasury, Benchmark U.S Locations: Russia, Europe
“Despite the challenges, we still expect OPEC+ to reach an agreement to reduce production," he said in an analyst note. Lower oil prices have allowed U.S. gas prices to fall or stay steady since Sept. 19, AAA said. White House national security spokesman John Kirby declined to address the possibility of OPEC+ reducing oil production. U.S. oil production has hit records as OPEC+ has cut back, with producers outside the group expected to keep leading global growth in oil supply next year, the International Energy Agency said in its November oil report. Now, the risk is growing that Saudi Arabia’s production cuts could reduce OPEC’s influence over oil supplies as other countries boost their output.
Persons: That's, Jorge Leon, Brent, Joe Biden, Biden, John Kirby, , ” Kirby, ” Leon, ” ___ Boak Organizations: OPEC, United Arab, Rystad Energy, International Monetary Fund, Brent, New York Mercantile Exchange, AAA, Gas, White House, International Energy Agency, U.S, U.S . Energy Information Administration, Saudi Locations: Saudi Arabia, Russia, OPEC, Israel, United Arab Emirates, Vienna, Ukraine, United States, U.S, Washington
BILLINGS, Mont.—Margarito Flores has the jitters. Once one of the top kingpins in the U.S. for Mexico’s Sinaloa cartel, he is starting a second career—teaching law-enforcement officers how to catch drug traffickers. Slight of build, with short cropped hair, Flores darted back and forth at the front of a stage. About 30 law-enforcement agents from Montana and nearby states leaned in and listened intently.
Persons: — Margarito Flores, Flores darted Locations: Mont, U.S, Sinaloa, Montana
Any extra cuts, if approved, would likely draw a rebuke from the U.S. Photo: henry chirinos/ShutterstockOPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, delegates said Wednesday, despite tensions in oil markets amid the conflict in the Middle East. The move, which would likely send oil prices higher, could be announced Thursday at a virtual meeting of the cartel. The meeting, originally scheduled for last week, was postponed over disagreements about production.
Persons: henry chirinos Organizations: U.S, OPEC Locations: Russia
Morning Bid: Waller to Wall St, Fed's on the turn
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +6 min
A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. But back in the markets, the Fed's policy pivot was all the rage as Treasury yields and dollar plunged anew. New York Fed chief John Williams said long-term inflation expectations were anchored, reassuring and "remarkably stable". Fed futures now have the first Fed rate cut of a quarter point fully priced for May and 110bps of rate cuts by year-end. Two-year Treasury yields plunged more than 15 basis points to four-month lows of 4.66% on Wednesday, with 10-year yields hitting their lowest since mid-September - a startling drop of more than 75bps in little over a month.
Persons: Brendan McDermid, Mike Dolan, Wall, Charlie Munger, Berkshire Hathaway's Munger, Warren Buffett, Christopher Waller, Jerome Powell, Waller, John Williams, Austan Goolsbee, Michelle Bowman, Powell, Stocks, smartly, Hong, Thomas Barkin, Loretta Mester, Andrew Bailey, BoE, Andrew Hauser, Blinken, Sergey Lavrov, Jane Merriman Organizations: Wall, REUTERS, Federal Reserve, Waller . New York Fed, Chicago Fed, HK, Austria's, Holdings, Richmond Fed, Cleveland Fed, Bank of England, London, Russian, Foods, Intuit, Petco, Thomson, Reuters Locations: New York, U.S, Berkshire, Waller ., China, Europe, Vienna, North Macedonia
LONDON, Nov 28 (Reuters) - Timothee Chalamet took lessons from a top vocal coach as he prepared to follow in the footsteps of Gene Wilder and Johnny Depp to play Willy Wonka in a new movie that tells the origin story of Roald Dahl's famed character. In "Wonka", a musical film, the "Dune" and "Call Me by Your Name" actor plays a younger version of the chocolate-loving inventor. I'm very happy with the film," Chalamet told Reuters at the “Wonka” world premiere at London's Royal Festival Hall on Tuesday. The 27-year-old said he worked with Eric Vetro, the vocal coach to singers including Ariana Grande, John Legend and Katy Perry. "We wanted to make a movie that would stand as a companion piece to the Gene Wilder movie, which obviously has these enduring classic songs,” said King.
Persons: Timothee Chalamet, Gene Wilder, Johnny Depp, Willy Wonka, Roald Dahl's, Wonka, I'm, Chalamet, Eric Vetro, Ariana Grande, John Legend, Katy Perry, Hugh Grant, Paul King, , Roald Dahl, Willy, Charlie, Simon Farnaby, King, Hanna Rantala, Stephen Coates Organizations: Reuters, London's Royal, Hall, Paddington, Thomson Locations: LA
Tokyo and Hong Kong fell while Shanghai, Seoul and Sydney gained. U.S. futures and oil prices edged higher. Meanwhile, the broader economy has remained strong enough in the face of rising interest rates and inflation to avoid a recession. The Hang Seng in Hong Kong slipped 0.8% to 17,381.14. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 4.38% from 4.47% late Friday.
Persons: ” Robert Carnell, Min Joo Kang, Sensetime, Grizzly, Kospi, Australia's Organizations: Sydney, Conference, FactSet, Federal, Federal Reserve, U.S, ING Economics, Nikkei, Grizzly Research, Hong Kong Stock Exchange, Dow Jones, Nasdaq, Treasury, New York Mercantile Exchange, Brent, Investors, U.S . Locations: BANGKOK, Asia, Tokyo, Hong Kong, Shanghai, Seoul, China
Total: 25