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[1/4] Alfonso Durazo, President of the National Council of Mexico's ruling National Regeneration Movement (MORENA) party, announces the names of four aspiring candidates for the party's 2024 presidential candidacy, in Mexico City, Mexico June 11, 2023. REUTERS/Henry RomeroMEXICO CITY, June 11 (Reuters) - Mexican President Andres Manuel Lopez Obrador's ruling National Regeneration Movement (MORENA) said on Sunday its candidate for the 2024 presidential election will be announced on Sept. 6. All those competing for the party's 2024 candidacy must step down from public office to campaign, MORENA resolved. That decision had been widely anticipated, and followed what party insiders said was a recommendation made by Lopez Obrador on Monday evening which aimed at keeping his movement united. Reporting by Diego Ore and Dave Graham; Writing by Carolina Pulice; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Alfonso Durazo, Henry Romero MEXICO, Andres Manuel Lopez Obrador's, MORENA, Lopez Obrador, Diego Ore, Dave Graham, Carolina Pulice, Lisa Shumaker Organizations: National Council of, Regeneration, REUTERS, Henry Romero MEXICO CITY, Thomson Locations: National Council of Mexico's, Mexico City, Mexico, MORENA, Sonora
MEXICO CITY, June 10 (Reuters) - Mexico's defense ministry said on Saturday that the 16 military personnel allegedly involved in an "execution" have been arrested, after soldiers were filmed beating and then shooting five men. A military court on Thursday issued 16 arrest warrants against the military personnel involved for "crimes contrary to military discipline," the ministry said in a statement. The video shows the soldiers pulling five occupants from the vehicle with kicks and punches before pushing them against a wall. The troops then appear to take cover and shoot into the distance at unseen targets, before shooting the men. President Andres Manuel Lopez Obrador said at a press conference earlier this week that the killings appeared to have been an "execution."
Persons: Andres Manuel Lopez Obrador, Carolina Pulice, Diego Ore, Andrea Ricci Organizations: MEXICO CITY, Thomson Locations: MEXICO, Tamaulipas
MEXICO CITY/WASHINGTON, June 8 (Reuters) - The U.S. and Mexico still have "differences" of opinion regarding Mexico's recovery of a coveted air safety rating, Mexico's president said on Thursday. The U.S. Federal Aviation Administration (FAA) downgraded Mexico to the Category 2 air safety rating more than two years ago, citing safety concerns. The U.S. wants to make clear any decision to restore Mexico's safety rating would be based on technical merits, not politics, the sources added. A joint statement from the U.S. and Mexican transportation agencies released by USDOT late Thursday did not address Mexico's air safety rating but said both governments are committed to the successful development of AIFA "in ways that will bolster the U.S.-Mexico air transportation relationship." Mexican Transportation Minister Jorge Nuno said the audit was Mexico's "last" in a statement Wednesday, implying a positive resolution.
Persons: Pete Buttigieg, Andres Manuel Lopez Obrador, Lopez, Felipe Angeles, Lopez Obrador, USDOT, Jorge Nuno, Lopez Obrador's, Kylie Madry, David Shepardson, Rosalba O'Brien, Gerry Doyle Organizations: MEXICO CITY, U.S . Federal Aviation Administration, FAA, U.S . Transportation, Transportation, Thomson Locations: MEXICO, WASHINGTON, U.S, Mexico, United States, Mexican, Mexico City, Benito Juarez, AIFA, Washington
Ebrard, a leading contender to succeed Lopez Obrador, on Tuesday announced that he would step down next week. Under Lopez Obrador, MORENA in less than five years has replaced the Institutional Revolutionary Party (PRI) as the establishment party. Lopez Obrador has been urging MORENA to fight for a two-thirds congressional super-majority next year. Most recent polling gives Mexico City Mayor Claudia Sheinbaum a slight edge over Ebrard in the succession battle, and senior aides to the president have told Reuters they believe she is Lopez Obrador's preferred candidate. "The most important thing for Lopez Obrador right now is to keep his movement united and alive," Rozental said.
Persons: Andres Manuel Lopez, Marcelo Ebrard, Lopez, Lopez Obrador, MORENA, Mexico's, Mexico City Mayor Claudia Sheinbaum, Lopez Obrador's, Andres Rozental, Ebrard, Rozental, Sheinbaum, Dave Graham, Mark Porter Organizations: MEXICO CITY, Regeneration, Tuesday, Institutional Revolutionary Party, Mexico City Mayor, Reuters, Mexico City, Lopez Obrador, Thomson Locations: MEXICO, Mexico City, MORENA, Cohauila, Ebrard, Mexico
[1/4] Mexican Foreign Minister Marcelo Ebrard raises his fist while announcing he will resign next week to focus on winning the nomination of the leftist National Regeneration Movement (MORENA) ruling party for next year's presidential election, at a hotel in Mexico City, Mexico, June 6, 2023. Mexico's U.N. ambassador Juan Ramon de la Fuente and ambassador to the U.S. Esteban Moctezuma are seen by many analysts as the favorites to replace Ebrard as foreign minister. As foreign minister, it is harder for Ebrard to address domestic issues than for Sheinbaum and Interior Minister Adan Augusto Lopez, another leading contender, Buendia said. Following Ebrard's announcement, MORENA party chairman Mario Delgado told Mexican radio the party's contenders would ultimately have to resign to ensure a fair contest. During Monday's meeting, Lopez Obrador said he had urged the party to remain united, and pledged not to influence the outcome of MORENA's internal contest.
Persons: Marcelo Ebrard, Andres Manuel Lopez Obrador, Mayor Claudia Sheinbaum, Ebrard, Mexico's U.N, Juan Ramon de la Fuente, Esteban Moctezuma, Lopez Obrador, MORENA, Jorge Buendia, Marquez, Buendia, Adan Augusto Lopez, Lopez, Mario Delgado, Dave Graham, Anthony Esposito, Gerry Doyle, Raju Gopalakrishnan Organizations: Foreign, Regeneration, Read, MEXICO CITY, Mayor, U.S, Thomson Locations: Mexico City, Mexico, MEXICO, U.S, Mexican, State of Mexico
So, when there is abuse, when there is an excess, when human rights are violated, those responsible must be punished. Less than a minute later, a Mexican Army vehicle is seen pulling up to the crashed vehicle. About five minutes into the video, the uniformed men line the others up against the fence, as the army vehicle retreats. Further into the video, two uniformed men are seen pointing a gun at one of the men who was dragged out of the vehicle, who is seen attempting to crawl away. CNN has reached out to Mexico’s military regarding what was seen in the video.
Persons: Andres Manuel Lopez Obrador, ” Lopez Obrador, ” CNNE Organizations: CNN, Mexican Army
Interior Minister Adan Augusto Lopez also plans to resign next week to focus on his own presidential bid, two government sources told Reuters. If MORENA's board decides that on Sunday, then interior minister Lopez and Mexico City Mayor Claudia Sheinbaum, two other top contenders, would need to resign, Lopez Obrador said at a regular press conference. Lopez Obrador made the remark after observing that more contenders could follow Ebrard's lead in the next few days. Supporters of Ebrard argue his post does not allow him to focus as much on domestic issues as Sheinbaum and Lopez. Lopez Obrador did not immediately name a replacement for Ebrard, who is due to step down next Monday.
Persons: Andres Manuel Lopez Obrador, Marcelo Ebrard, Ebrard, Lopez Obrador, Adan Augusto Lopez, Mario Delgado, Lopez, Mexico City Mayor Claudia Sheinbaum, Ricardo Monreal, MORENA, Dave Graham, Diego Ore, Stefanie Eschenbacher, Matthew Lewis, David Gregorio, Grant McCool Organizations: MEXICO CITY, Foreign, Regeneration, Reuters, Mexico City Mayor, Thomson Locations: MEXICO, Ebrard
President Andres Manuel Lopez Obrador told a regular press conference one of three priorities was to "improve the salary and benefits of workers, particularly state workers". Lopez Obrador has been working to consolidate his power so he can pave the way for a successor in 2024. Teachers and education workers would have guaranteed salary floors of 16,000 pesos ($917.54) a month, the president said. Pensions would also be looked at, Lopez Obrador said. Mexico has many hundreds of thousands of workers affiliated to the country's main education sector union.
Persons: Andres Manuel Lopez Obrador, Lopez Obrador, Dave Graham, Kylie Madry Organizations: MEXICO CITY, Pensions, Thomson Locations: MEXICO, Mexico
Mexican president urges unity among ruling party contenders
  + stars: | 2023-06-06 | by ( ) www.reuters.com   time to read: +1 min
MEXICO CITY, June 6 (Reuters) - Mexican President Andres Manuel Lopez Obrador said he had sought to promote unity within the ruling National Regeneration Movement (MORENA) during a dinner on Monday evening attended by the party's main contenders to succeed him. Ebrard is one of the leading contenders to succeed Lopez Obrador, though most recent polling has tended to give Mexico City Mayor Claudia Sheinbaum a slight edge in the race. Lopez Obrador said Ebrard, Sheinbaum and Interior Minister Adan Augusto Lopez, another presidential hopeful, were at the dinner, where MORENA leaders congratulated party stalwart Delfina Gomez for winning the State of Mexico's gubernatorial election on Sunday. "And we also met to maintain unity, so that there aren't divisions," the leftist president told reporters. Reporting by Dave Graham; Editing by Isabel Woodford and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Andres Manuel Lopez Obrador, MORENA, Marcelo Ebrard, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Ebrard, Adan Augusto Lopez, Delfina Gomez, Dave Graham, Isabel Woodford, Paul Simao Organizations: MEXICO CITY, Regeneration, Mexico City Mayor, Thomson Locations: MEXICO, Sheinbaum, Mexico's
CNN —Human remains found in 45 bags discovered in a suburb of Guadalajara belong to call center workers who went missing in May, Mexican authorities have confirmed. The Jalisco Institute of Forensic Sciences (IJCF) said Tuesday its tests had confirmed the remains belonged to the missing workers and said the next of kin had been informed. However, it did not specify whether remains from all seven of the missing workers were in the bags. The seven workers disappeared from the metropolitan area of Guadalajara sometime after May 20. Mexico has been troubled by an epidemic of disappearances with more than 100,000 Mexicans and migrants still missing.
Persons: Security Rosa Icela Rodriguez Velazquez, Andrés Manuel López Obrador Organizations: CNN, Jalisco Institute of Forensic Sciences, Security Locations: Guadalajara, Jalisco, Zapopan, Mexico’s, Mexico, United States
The victory adds Mexico's most populous region to the 21 other states MORENA already controls, now more than two-thirds of the total. The centrist PRI has governed the State of Mexico since 1929, the date from which it began its long domination of Mexico. Defeated for the presidency in 2000, it bounced back in 2012 but was drubbed by Lopez Obrador six years later. "We defeated corruption and neglect," MORENA's triumphant candidate Delfina Gomez told cheering supporters after the vote, hailing the PRI's ousting. Gomez, who narrowly lost the previous state election, will be the State of Mexico's first female governor.
Persons: Delfina Gomez, Henry Romero MEXICO, Andres Manuel Lopez Obrador's, Lopez, MORENA, Lopez Obrador, MORENA's, Gomez, Alejandra del, Claudia Sheinbaum, Marcelo Ebrard, Sheinbaum, Dave Graham, Gerry Doyle Organizations: National Regeneration, REUTERS, Henry Romero MEXICO CITY, Sunday, Regeneration, Institutional Revolutionary Party, PRI, Mexico City's, Foreign, MORENA, Thomson Locations: State, Mexico, Toluca, MORENA, Mexico's, Coahuila
[1/3] Ballots are counted by officials during the election day for governor of the State of Mexico, at a polling station in Toluca, Mexico, June 4, 2023. REUTERS/Henry RomeroMEXICO CITY, June 4 (Reuters) - Mexican President Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) is poised to win the governorship of the State of Mexico, the state's electoral institute forecast on Sunday. A preliminary estimate showed MORENA's candidate Delfina Gomez was on track to win 52.1-54.2% support, while opposition contender Alejandra del Moral was expected to garner between 43.0-45.2%, the electoral institute said after Sunday's vote. Reporting by Dave Graham; editing by Stephen EisenhammerOur Standards: The Thomson Reuters Trust Principles.
Persons: Henry Romero MEXICO, Andres Manuel Lopez, Delfina Gomez, Alejandra del Moral, Dave Graham, Stephen Eisenhammer Organizations: REUTERS, Henry Romero MEXICO CITY, Regeneration, Thomson Locations: State of Mexico, Toluca , Mexico
[1/2] Delfina Gomez of the National Regeneration Movement (MORENA), candidate for the governor of the State of Mexico, smiles next to Andres Manuel Lopez Obrador, leader of MORENA during a news conference in Mexico City, Mexico June 6, 2017. REUTERS/Carlos JassoMEXICO CITY, June 4 (Reuters) - Mexico holds a state election on Sunday that looks poised to bolster President Andres Manuel Lopez Obrador ahead of the race to succeed him, with his party forecast to capture the last major bastion of the country's old rulers. Lopez Obrador routed the PRI to win the presidency in 2018, and MORENA has since absorbed most of the once-dominant party's strongholds, as well as many of its politicians. Lopez Obrador has frequently criticized some sectors of middle class voters, and Mexico City and the State of Mexico in 2021 dealt MORENA unexpected setbacks in local elections. Sheinbaum, like Gomez, MORENA's State of Mexico candidate, is closely identified with Lopez Obrador and his agenda.
Persons: Delfina Gomez, Andres Manuel Lopez Obrador, MORENA, Carlos Jasso, Lopez Obrador, Alejandra del, Jose Hernandez, Los Reyes Acaquilpan, Gomez, Del Moral, Claudia Sheinbaum, Marcelo Ebrard, Roy Campos, Consulta, Dave Graham, Aurora Ellis Organizations: National Regeneration, REUTERS, Carlos Jasso MEXICO CITY, Regeneration, Institutional Revolutionary Party, PRI, Reforma, Mexico City, Mexico City's, Foreign, Thomson Locations: State of Mexico, Mexico City, Mexico, Carlos Jasso MEXICO, State, Los Reyes, MORENA, Coahuila, MORENA's State, of Mexico
The voting comes a year before Mexico's next presidential election, with polls indicating MORENA will be hard to beat. Del Moral has said the PRI learned from its mistakes and that her coalition would be a broader alternative to MORENA. As she cast her ballot, del Moral told reporters the vote was historic because for the first time a woman would be elected to govern the state. Guillermo Fuentes, a 55-year-old PRI supporter and small business owner, said del Moral, not MORENA, was the one who would deliver change to the State of Mexico. Sheinbaum, like Gomez, MORENA's State of Mexico candidate, is closely identified with Lopez Obrador and his policies.
Persons: Armando Guadiana, Andres Manuel Lopez Obrador, Lopez, Lopez Obrador, MORENA, Mexico's, Delfina Gomez, Alejandra del, Jobita Pena, Pena, Gomez, Del Moral, Guillermo Fuentes, Claudia Sheinbaum, Marcelo Ebrard, Dave Graham, Alberto Fajardo, Aurora Ellis, Will Dunham, Lisa Shumaker Organizations: National Regeneration, Read, MEXICO CITY, Regeneration, Institutional Revolutionary Party, PRI, Reforma, Moral, Mexico City's, Foreign, Thomson Locations: Coahuila, Saltillo , Mexico, MEXICO, Mexican, State of Mexico, State, Mexico, Tlalnepantla, MORENA, MORENA's State, of Mexico
MEXICO CITY, June 2 (Reuters) - Mexico said on Friday it would counter U.S. arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn, in trade dispute settlement consultations requested by Washington earlier in the day. If the consultations fail to resolve disagreements within 75 days, Washington can request a dispute settlement panel to decide the case. The United States requested formal trade consultations in March over objections to Mexico's plans to limit imports of GM corn and other agricultural biotechnology products. The new decree eliminated a deadline to ban GM corn for animal feed and industrial use, by far the bulk of its $5 billion worth of U.S. corn imports, but maintained a ban on GM corn used in dough or tortillas. Some sector experts have expressed concern that the move could set a precedent among other countries, which would disrupt the global corn trade.
Persons: Andres Manuel Lopez Obrador, February's, Tom Haag, Cassandra Garrison, Adriana Barrera, Kylie Madry, Dave Graham, Ismail Shakil, Leslie Adler, William Mallard Organizations: MEXICO CITY, Washington, U.S, Trade Ministry, United, U.S . Trade, U.S ., Corn Growers Association, Thomson Locations: MEXICO, Mexico, Canada, U.S, Washington, United States, Mexican, Mexico City, Ottawa
MEXICO CITY, June 2 (Reuters) - The U.S. is escalating its conflict with Mexico over agriculture biotech measures, including the stance on genetically modified (GM) corn, by requesting dispute settlement consultations, senior officials of the U.S. Trade Representative's office said on Friday. If the consultations announced on Friday fail to resolve disagreements within 75 days, Washington can request a dispute settlement panel to decide the case. The United States requested formal trade consultations in March over objections to Mexico's plans to limit imports of GM corn and other agricultural biotechnology products. Earlier this week, Mexico's agriculture minister expressed confidence in an interview that the dispute with the U.S. would not escalate to a dispute settlement panel. The new decree eliminated the deadline to ban GM corn for animal feed and industrial use, by far the bulk of its $5 billion worth of U.S. corn imports, but maintained a ban on GM corn used in dough or tortillas.
Persons: Andres Manuel Lopez Obrador, Tom Vilsack, Tom Haag, Cassandra Garrison, Adriana Barrera, Ismail Shakil, Leslie Adler Organizations: MEXICO CITY, U.S . Trade, U.S, Trade Ministry, United, Economy Ministry, Agriculture, U.S ., Corn Growers Association, Thomson Locations: MEXICO, U.S, Mexico, Canada, Washington, United States, Mexico City, Ottawa
On September 23, 2022, 12-year-old Esmeralda walked out of the girls' bathroom at her middle school in Tapachula, Mexico, and fainted. Mexican President Andrés Manuel Lopez Obrador began including regular updates on the government's investigation into the fainting episodes in his daily press conferences. Dr. Carlos Alberto Pantoja Meléndez, one of Mexico's few field epidemiologists, had taken an interest in the fainting episodes. News of the initial fainting episodes had been shared there, the epidemiologist, who asked to remain anonymous, told Pantoja-Melendez. Both believe that the fainting episodes in Mexico were examples of something new and alarming: mass hysteria spreading online.
Persons: Esmeralda, Diala, Gladys, Esmeralda's, convulsing, Esmeralda Eva Alicia Lépiz, , Esmerelda, Mami, Andrés Manuel Lopez Obrador, Gladys didn't, Bochil, Luis Villagrán, bristled, Susanna, Tapachula, Diala's, José Eduardo Morales Montes, they'd, Eva Alicia Lépiz, Hidalgo —, I've, Carlos Alberto Pantoja Meléndez, Pantoja Meléndez, Meléndez, Robert Bartholomew, Bartholomew, Lopez Obrador, busily, Simon Wessley, schoolgirls, twitching, we'll, Pantoja, Melendez, Bartholomew said, we're, We've, who's Organizations: Federal, Central America, Journalists, Mexico City —, Mexico City, Universidad Autónoma Nacional, University of Auckland, Roswell, Kings College, New York, Health Department, Pantoja Locations: Tapachula, Mexico, Bochil, Mexican, Chiapas, Mexico City, El Pais, Chiapas —, Central, Esmeralda, Mexico City — Tlaxcala, Hidalgo, México, University of Auckland , New Zealand, Veracruz, London, Southern Mexico, Kanshasa, Tanzania, Blackburn , England, Sweden, Pyuthan, Nepal, Leroy , New York, Tapachula .
More than 110,000 people are missing in Mexico, their fate uncertain. The figures have become a political sore spot for Mr. López Obrador, particularly as Mexico heads toward a presidential election in 2024, when one of the president’s closest allies is likely to be on the ballot. When Mr. López Obrador came to office in December 2018, he promised to root out the violence convulsing Mexico. The president has defended himself against the alarming numbers by saying his government has gotten better at counting and investigating the missing. “No government had ever taken care of the disappeared as we are doing now,” Mr. López Obrador said last year.
Persons: Andrés Manuel López Obrador, López Obrador, , Mr, Delia Quiroa, Roberto, Locations: Jalisco, Mexico, Tamaulipas
CNN —Forty-five bags containing human remains with characteristics matching seven missing call center staff has been discovered in a ravine in a suburb of Guadalajara, according to the state prosecutor’s office in Jalisco. Luis Joaquín Méndez Ruíz, a Jalisco prosecutor, said they found the human remains inside bags thrown on a lot with a very steep slope. The Jalisco Institute of Forensic Sciences is working with the families of those missing to determine the identification of the human remains. The country has been troubled by an epidemic of disappearances with more than 100,000 Mexicans and migrants still missing. Kidnapping and human trafficking are also not unusual in parts of Mexico, particularly in border areas and Mexico’s overall homicide rate is among the highest in the world.
Persons: Luis Joaquín Méndez, Andrés Manuel López Obrador Organizations: CNN, Prosecutor’s Office, Jalisco Institute of Forensic Sciences Locations: Guadalajara, Jalisco, ​ ​ Guadalajara, Mexico, United States
MEXICO CITY, May 31 (Reuters) - Mexican state oil firm Pemex is in a position to meet its remaining 2023 debt obligations and is looking at refinancing strategies for next year, said Deputy Finance Minister Gabriel Yorio, who added the government could also help if needed. Pemex had financial debt of $107.4 billion at the end of the first quarter, according to company data. Mexico, a popular travel destination, ranks in the top 10 globally in terms of international tourists and business generated through tourism. They're making big investments in infrastructure," said Yorio, adding that Mexican hoteliers were eyeing investments there. "Mexico is looking to diversify the markets where we buy fertilizer because 60% of the fertilizer imports used to come from Russia before the conflict," Yorio said.
Persons: Gabriel Yorio, Yorio, Andres Manuel Lopez Obrador, Pemex, Anthony Esposito, Jamie Freed Organizations: MEXICO CITY, Reuters, NATIONS, United Arab, Thomson Locations: MEXICO, Gulf, Mexican, Pemex, Kuwait, Saudi Arabia, Oman, Qatar, United Arab Emirates, Mexico, Ukraine, Russia
MEXICO CITY, May 30 (Reuters) - Mexican firm KIO is aiming to double the capacity of its data centers over the next two years, taking advantage of President Andres Manuel Lopez Obrador's drive to boost nearshoring and tech firms' expanding Latin American footprint. "Our growth plan involves creating over the next two years the same capacity we have accumulated in the last 22 years. Sapien added that the adoption of data centers in the region has been slow due to companies' apprehension towards outsourcing the hosting of their data. KIO, which operates in five countries and has 20 data centers in its portfolio, is expanding operations in the northern Mexican city Monterrey after acquiring land for its new data campus. The expansion is strategic for the company as it expects to serve firms coming to Mexico due to the nearshoring trend, said Sapien.
Persons: KIO, Andres Manuel Lopez Obrador's, Jorge Sapien, Sapien, Nearshoring, Valentine Hilaire, Christopher Cushing Organizations: MEXICO CITY, Monterrey, Thomson Locations: MEXICO, Mexican, Mexico, American, Asia, Panama, Guatemala, Colombia, Spain
MEXICO CITY, May 31 (Reuters) - Better coordination between Mexico's government and telecoms companies is needed to ensure a faster roll-out of 5G services to meet the demand of major companies such as Tesla (TSLA.O), executives and officials said on Wednesday. But the federal government needs to help connect the manufacturing sector with telecoms providers to boost 5G services and attract more investment, said Gabriel Szekely, Chief Executive of Mexico's National Telecommunications Association (Anatel). "(The government) does not have a specific vision for the 5G world to be implemented in Mexico," Szekely said. About 15% of Mexico's population has access to 5G services, compared to 61% in the United States, Szekely said, citing a recent study. "In the case of the train... the government has not come out to say this is what is needed and this is the plan," Szekely said.
Persons: Tesla's, Gabriel Szekely, Szekely, Ivan Rivas, Rivas, Andres Manuel Lopez Obrador's, Lopez Obrador, Cassandra Garrison, Muralikumar Organizations: MEXICO CITY, Mexico's National Telecommunications Association, Nuevo, Nuevo Leon Economy, Andres Manuel Lopez Obrador's Inter, Oceanic, Thomson Locations: MEXICO, Nuevo Leon state, U.S, Mexico, Mexico City, United States, Nuevo Leon, Pacific, Gulf, Panama
U.S. lender Citigroup scrapped its sale of the Banamex unit last week and said it will instead list it, a surprise move coming amid talks to sell the business to Mexican billionaire German Larrea's conglomerate Grupo Mexico (GMEXICOB.MX). "The Finance Minister has asked us to evaluate the different scenarios in which it might be beneficial for Mexico to acquire the bank," Deputy Finance Minister Gabriel Yorio told Reuters. After Citi announced its IPO plans, President Andres Manuel Lopez Obrador said the government could acquire up to half of Banamex. Before Citi's u-turn, banking sources said Grupo Mexico had been eyeing the unit for around $7 billion. "Banamex, in fact, has had a significant deterioration in its payment systems, precisely because it was in this sale process," he said.
Persons: Gabriel Yorio, Andres Manuel Lopez Obrador, Yorio, Lopez Obrador, Banamex, Anthony Esposito, Valentine Hilaire, Dave Graham, Mark Porter, Diane Craft Organizations: MEXICO CITY, Citigroup Inc's, Banco, U.S, Citigroup, Grupo Mexico, Finance, Reuters, United, Citi, Welfare Bank, Thomson Locations: MEXICO, Mexico, German, Kuwait, Saudi Arabia, Oman, Qatar, United Arab Emirates, expropriate
[1/3] A general view shows Mexican state oil firm Pemex's Cadereyta refinery in Cadereyta, on the outskirts of Monterrey, Mexico, August 27, 2021. The push to increase Pemex's output, however, has ramped up fuel oil production, due mostly to its refineries' struggle to efficiently process the heavy crude Mexican oil fields pump. CORE PROBLEMSPemex fuel oil is a sludge-like product, especially bad for air quality when burnt to generate electricity due to its high sulfur content, which has diminished its market value. Most refiners seek to minimize production of fuel oil by using coking plants to extract higher value fuels like gasoline and diesel from heavy crude. For now, Pemex's motor fuel production is still eclipsed by what it buys abroad, or around 353,000 bpd of gasoline imports this year through April.
Persons: Daniel Becerril, Andres Manuel Lopez Obrador, Lopez Obrador's, Pemex, Lopez Obrador, Lopez, Ana Isabel Martinez, David Alire Garcia, Dave Graham, Marguerita Choy Organizations: REUTERS, MEXICO CITY, Reuters, Pemex, Comision Federal, Thomson Locations: Cadereyta, Monterrey, Mexico, MEXICO, wean, U.S
MEXICO CITY, May 30 (Reuters) - Mexican President Andres Manuel Lopez Obrador is set to discuss migration and investment in Central America in a meeting Tuesday with U.S. Homeland Security advisor Elizabeth Sherwood-Randall, Mexico's top diplomat said. Mexican Foreign Minister Marcelo Ebrard told reporters Mexican leaders would "review" plans on migration regarding visas and a drop in arrivals at the U.S.-Mexico border after the end of a U.S. health policy called Title 42. "The other point is investment in Central America," Ebrard said. Reporting by Raul Cortes and Kylie Madry; Editing by Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.
Persons: Andres Manuel Lopez Obrador, Elizabeth Sherwood, Randall, Mexico's, Marcelo Ebrard, Ebrard, Raul Cortes, Kylie Madry, Anthony Esposito Organizations: MEXICO CITY, . Homeland Security, Mexican Foreign, Thomson Locations: MEXICO, Central America, Mexican, U.S, Mexico
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