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Summary Canadian minister Ng notes progress with Mexico over energyUSTR Tai urges Mexico to monitor steel and aluminum exports to U.S.MEXICO CITY, July 6 (Reuters) - The U.S. sees some progress made on an energy dispute with Mexico, although "deep-seated" concerns persist, U.S. Trade Representative Katherine Tai said on Thursday shortly before talks in Mexico with top Mexican and Canadian trade officials. The U.S. and Canada demanded dispute settlement talks over energy with Mexico in July 2022, arguing that Mexico's nationalist energy policies, which have tightened state control over the energy market, were discriminatory to U.S. companies. Canada's Ng separately noted progress with Mexico over energy issues, saying concerns from Canadian companies had been addressed. In addition to the energy spat, the U.S. and Mexico are engaged in a dispute over Mexico's decree to limit the use of genetically modified (GM) corn. Before the meeting, Tai said trade dispute settlement consultations over GM corn, which the U.S. requested in June, began with Mexico last week.

Persons: Ng, Tai, Katherine Tai, Raquel Buenrostro, of International Trade Mary Ng, Canada's Ng, Daina Beth Solomon, Cassandra Garrison, Costas Pitas, Brendan O'Boyle, Marguerita Choy, Diane Craft Organizations: MEXICO CITY, U.S . Trade, USMCA Free Trade Commission, Mexican, of International Trade, Thomson Locations: Mexico, U.S, MEXICO, Canada, American, Mexican, Cancun

☆ Ash spewing volcano in Peru prompts state of emergency
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

LIMA, July 5 (Reuters) - Peru's government declared a 60-day state of emergency for several southern towns on Wednesday as the country's most active volcano spews ash and gas. Ash from the Ubinas volcano in the Moquegua region some 1,200 kilometers (746 miles) southeast of the capital Lima, has risen to altitudes of 5,500 meters and has reached towns over 10 km away, the Geophysical Institute of Peru said. Wednesday's emergency declaration allows the government to take "exceptional measures and actions" to counter risks from the Ubinas volcano. The southern region of copper-producing Peru is home to some of the country's most important mines as well as a dozen active volcanoes. Peru is located within the "Pacific Ring of Fire," an area with a high incidence of earthquakes and volcanic activity.

Persons: Dina Boluarte, Marco Aquino, Carolina Pulice, Brendan O'Boyle, Grant McCool Organizations: Geophysical Institute of, National Civil Defense Institute, Ministers, Twitter, Thomson Locations: LIMA, Moquegua, Lima, Geophysical Institute of Peru, Peru's, Peru

MEXICO CITY, July 3 (Reuters) - Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a monthly record that analysts cautioned was softened by the recent strength of the peso versus the dollar. While Mexico records remittances in dollars, as most of the funds come from the United States, "a strong peso hurts remittances," said Goldman Sachs analyst Alberto Ramos. Given the peso's appreciation against the dollar, when measured in local currency, remittances actually declined 2.2% year-on-year, Ramos said. Last year, remittances to Mexico from abroad hit a record high of $58.5 billion, making Mexico the No. Despite the blow from the "super peso," the dollar amount of remittances sent in May rose almost 11% year-on-year.

Persons: Goldman Sachs, Alberto Ramos, Mexico's, Ramos, Andres Manuel Lopez Obrador, Monex, Kylie Madry, Brendan O'Boyle, Christina Fincher, Hugh Lawson Organizations: MEXICO CITY, U.S, Monex, BBVA, Thomson Locations: MEXICO, Mexico, United States, Mexican, India

☆ A management professor shares how to resolve time-wasting conflicts between coworkers — without punishment
▼ + stars: | 2023-07-02 | by ( Susie Allen | Kellogg Insight | ) www.businessinsider.com time to read: +10 min

Measuring Office MisconductHow do you go about studying negative workplace behavior? Analyzing these dimensions separately allowed the researchers to develop a nuanced portrait of negative workplace behavior and its aftermath. When it comes to engaging in negative workplace behavior, everyone appears to be on equal footing. Since negative workplace behavior is relational, meting out punishment to individuals may not break the cycle. And because negative workplace behavior breeds further negative workplace behavior, the most important thing leaders can do is prevent people from becoming instigators in the first place.

Persons: Cynthia Wang, Wang, —, there's, Lindsey M, Ernest H, O'Boyle, Joongseo Kim, Jennifer A, Whitson, What's, Joe mistreats Bob, Joe, Wang —, they're, Susie Allen Organizations: Kellogg School, Service, Oklahoma State University, Indiana University, Pennsylvania State University, Erie, University of California Locations: Los Angeles, Chicago

☆ Argentina makes IMF payment as deal talks grind on
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

June 30 (Reuters) - The International Monetary Fund said on Friday that Argentina is current in its payment obligations, and the government said it made a $2.7 billion payment to the fund using its existing stock of the IMF's reserve assets, and Chinese currency. The operation, which depleted Argentina's $1.6 billion in SDRs, underscores how desperate the country's dollar position has become. The IMF did not respond to requests for comment on the payment method. Both parties are locked in talks to speed up disbursements from their $44 billion program and ease economic targets, as a major drought continues to hammer vital grains exports. Argentina's economy ministry said a team will travel to Washington early next week to continue negotiations.

Persons: Brendan O'Boyle, Rodrigo Campos, Chizu Organizations: Monetary Fund, IMF, Reuters, Argentine, Thomson Locations: Argentina, Washington, Carolina

☆ In parched Uruguay, tensions rise as water levels fall
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

"Water used to cover everything you can see." The South American country of 3.5 million people is reeling from its worst drought in 74 years, pushing frustrated residents to depend on bottled water. Low rainfall has forced water authorities to use water from a saltier part of the Santa Lucia river, which supplies most of Uruguay's drinking water, leaving tap water undrinkable for many. Earlier this month, Uruguay's government declared a water emergency, exempting taxes on bottled water and ordering the construction of a new reservoir. "The issue is real," said musician Frank Lampariello, after stocking up on bottled water at a supermarket in Solymar, on Montevideo's outskirts.

Persons: Alejandro Obaldia CANELONES, Mario del Pino, Adrian Dias, OSE, Federico Kreimerman, Kreimerman, Gerardo Amarilla, Frank Lampariello, Alejandro Obaldia, Brendan O'Boyle, Stephen Coates Organizations: REUTERS, Thomson Locations: Canelones, Uruguay, Montevideo, Santa Lucia, Solymar, Montevideo's

☆ Argentina 'death flight' plane returned from US
▼ + stars: | 2023-06-27 | by ( Miguel Lo Bianco | ) www.reuters.com time to read: +2 min

The turboprop plane took part in the so-called "death flights" that Argentina's bloody 1976-1983 dictatorship employed as one of its tools to get rid of critics. At the request of relatives of the victims, Argentina's economy minister bought the plane and organized its transfer from the United States. It will be housed at a museum in the capital, Buenos Aires, on the site of a former clandestine detention and torture center where death flight victims were held before their murders. The Skyvan PA-51 was identified in 2010 by journalist and survivor of the dictatorship, Miriam Lewin, and the Italian photographer Giancarlo Ceraudo, using flight logs. About 30,000 people disappeared during the 1976-1983 dictatorship, according to human rights organizations.

Persons: Read, Alice Domon, Leonie Duquet, Azucena Villaflor, Cecila, Cristina Fernandez de Kirchner, Fernandez de Kirchner, Sergio Massa, Miriam Lewin, Giancarlo Ceraudo, Miguel Lo Bianco, Lucila Sigal, Brendan O'Boyle, Gerry Doyle Organizations: de Mayo, Monday, Reuters, Thomson Locations: Argentine, Naval, de, BUENOS AIRES, United States, Buenos Aires, Italian

☆ Guatemalan ex-first lady Torres polls first in crowded field ahead of Sunday vote
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

GUATEMALA CITY, June 22 (Reuters) - Former Guatemalan first lady Sandra Torres leads her competitors in the Central American country's presidential race, according to a poll published Thursday by newspaper Prensa Libre, the last before Sunday's election. Diplomat Edmond Mulet trailed Torres with 13.4% support, followed by Zury Rios, the daughter of former dictator Efrain Rios Montt, at 9.1%. Torres, a well-known but polarizing figure, finished first in the first round of Guatemala's 2019 election, but lost to current President Alejandro Giammattei in a runoff. If no candidate earns 50% of the vote on Sunday, the top two will compete in a runoff on Aug. 20. Reporting by Sofia Menchu; Writing by Brendan O'Boyle; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Sandra Torres, Torres, Alvaro Colom, Edmond Mulet, Zury Rios, Efrain Rios Montt, Alejandro Giammattei, Giammattei, Carlos Pineda, Sofia Menchu, Brendan O'Boyle, Hugh Lawson Organizations: GUATEMALA CITY, Central American, Prensa Libre, Torres, Electoral, Washington Office, Thomson Locations: GUATEMALA, Guatemalan, America

TEGUCIGALPA, Honduras, June 21 (Reuters) - The death toll from a riot at a women's prison in Honduras rose to 46, a government spokesperson said on Wednesday, as anxious relatives demanded information about the fate of incarcerated family members. Relatives of inmates gathered at the Centro Femenino de Adaptacion Social, the 900-person women's penitentiary around 20 kilometers (12 miles) from the capital city Tegucigalpa, where gang violence erupted a day earlier. Identifying victims is a challenge, as many of which were "charred or reduced" to ash, according to Yuri Mora, spokesperson for the public prosecutor's office. The riot had been planned by gang members with guards' knowledge, Honduran President Xiomara Castro said on Twitter on Tuesday, saying she would take "drastic measures" to address the deaths. [1/5]Security forces operate outside the Centro Femenino de Adaptacion Social (CEFAS) women prison following a deadly riot in Tamara, on the outskirts of Tegucigalpa, Honduras, June 20, 2023.

Persons: Yuri Mora, Xiomara Castro, Angel Garcia, Fredy Rodriguez, Garcia, Mara Salvatrucha, Miguel Martinez, Julissa Villanueva, El, Gustavo Palencia, Brendan O'Boyle, Valentine Hillaire, Daina Beth Solomon, Alistair Bell Organizations: Centro Femenino de, Twitter, Security, REUTERS, Central America, Thomson Locations: TEGUCIGALPA, Honduras, Tegucigalpa, Tamara, Los Angeles, Central, El Salvador

☆ Mexico asks Israel for second time to extradite ex-official accused of torture
▼ + stars: | 2023-06-20 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +1 min

MEXICO CITY, June 20 (Reuters) - Mexico's president said on Tuesday that he had asked Israel for a second time to extradite a former official accused of torture in the Latin American country. Zeron led the heavily criticized investigation into the disappearance of 43 student teachers in southwestern Mexico in 2014 under a government to which Lopez Obrador was opposed. "It can't be that Israel protects a torturer under any circumstance," Lopez Obrador said in a regular press conference. Lopez Obrador, who made a similar extradition request in September 2021, said he expected Mexico's Jewish community to support the effort to extradite Zeron. Reporting by Brendan O'Boyle in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Israel, Andres Manuel Lopez Obrador, Benjamin Netanyahu, extraditing Tomas Zeron, Zeron, Lopez Obrador, Lopez Obrador's, Brendan O'Boyle, Matthew Lewis Organizations: MEXICO CITY, Thomson Locations: MEXICO, Mexico, Israel

[1/5] A woman holds an umbrella during a period of high temperatures in Mexico City, Mexico June 13, 2023. REUTERS/Henry RomeroMEXICO CITY/MONTERREY, Mexico, June 15 (Reuters) - Mexican authorities urged people across the country to take safety precautions on Thursday as an unusual late Spring heat wave sent temperatures soaring, with cooler days possibly weeks away. said Abigail Lopez, a nurse in normally sunny but temperate Mexico City who said she was drinking more water and wearing lighter clothes to try to beat the heat. In Mexico City, children splashed around in public fountains and commuters shielded themselves from the sun with umbrellas. "In the last 20 years, we haven't had such a long heat wave," he said.

Persons: Henry Romero MEXICO, Abigail Lopez, Roberto Cardenas, Erik Cavazos, haven't, Brendan O'Boyle, Daniel Becerril, Alberto Fajardo, David Alire Garcia, Sandra Maler Organizations: REUTERS, Henry Romero MEXICO CITY, of Atmospheric Sciences, National Autonomous University, Nuevo, Thomson Locations: Mexico City, Mexico, MONTERREY, Monterrey, Nuevo Leon

☆ Guatemala court sentences journalist to 6 years in prison for money laundering
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

GUATEMALA CITY, June 14 (Reuters) - A Guatemalan court on Wednesday sentenced Jose Zamora, a well-known journalist whose work has criticized successive governments, to six years in prison for money laundering in a case rights groups have branded an attack on free speech. Zamora was also issued a 300,000 quetzal ($38,339) fine, the court said. He was arrested in July last year during a crackdown on prosecutors, judges, human rights activists, journalists and opposition officials. According to the attorney general's office, Zamora allegedly received $38,461 to finance his media outlet, which was not regularly deposited into the banking system. The rights group is "very concerned" that Guatemala's prosecutors' office is investigating journalists and columnists from elPeriodico who covered Zamora's case, Goebertus added.

Persons: Jose Zamora, Zamora, Alejandro Giammattei, Juanita Goebertus, Goebertus, Sofia Menchu, Sarah Morland, Brendan O'Boyle, Bill Berkrot Organizations: GUATEMALA CITY, elPeriodico, Rights, Thomson Locations: GUATEMALA, Zamora's, Guatemala, Americas

☆ Archaeologists in Peru find 3,000 year-old mummy in Lima
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

[1/5] The remains of a mummy, believed to be from the Manchay culture which developed in the valleys of Lima between 1,500 and 1,000 BCE, are pictured at the excavation site of a pre-Hispanic burial, in Lima, Peru June 14, 2023. REUTERS/Anthony MarinaLIMA, June 14 (Reuters) - Peruvian archaeologists have discovered an approximately 3,000-year-old mummy in Lima, they said on Wednesday, the latest discovery in the Andean nation dating to pre-Hispanic times. Students from San Marcos University and researchers initially found remains of the mummy's hair and skull in a cotton bundle during excavation, before uncovering the rest of the mummy. The mummy was probably from the Manchay culture, which developed in the valleys of Lima between 1500 and 1000 BC, archaeologist Miguel Aguilar said, and was associated with the construction of temples built in a U-shape that pointed toward the sunrise. The person "had been left or offered (as a sacrifice) during the last phase of the construction of this temple," Aguilar said.

Persons: Anthony Marina LIMA, Miguel Aguilar, " Aguilar, Enrique Mandujano, Anthony Marina, Alfredo Galarza, Carolina Pulice, Brendan O'Boyle, Leslie Adler Organizations: REUTERS, San Marcos University, Thomson Locations: Lima, Lima , Peru

☆ Mexico City mayor to step down to pursue historic bid for presidency
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

[1/3] Outgoing Mexico City Mayor Claudia Sheinbaum, one of the leading candidates for the presidential nomination of the ruling MORENA party, gestures during a press conference in Mexico City, Mexico June 12, 2023. REUTERS/Raquel CunhaMEXICO CITY, June 12 (Reuters) - Mexico City Mayor Claudia Sheinbaum said she will step down on Friday to pursue the ruling party's candidacy for the 2024 presidential election, bidding to become the country's first female leader. President Andres Manuel Lopez Obrador's leftist National Regeneration Movement (MORENA) on Sunday agreed that on Sept. 6 it would announce the winner of its internal selection process. MORENA is heavily favored to win the June 2024 presidential election, lifted by Lopez Obrador's personal popularity. Reporting by Dave Graham in Mexico City; Writing by Sarah Morland and Brendan O'Boyle; Editing by Matthew Lewis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Mexico City Mayor Claudia Sheinbaum, Raquel Cunha MEXICO, Andres Manuel Lopez Obrador's, MORENA, Lopez, Lopez Obrador, Sheinbaum, Marcelo Ebrard, Ebrard, Adan Augusto Lopez, Dave Graham, Sarah Morland, Brendan O'Boyle, Matthew Lewis, Leslie Adler Organizations: Mexico City Mayor, REUTERS, Raquel Cunha MEXICO CITY, Regeneration, Sunday, Reuters, Interior, Thomson Locations: Mexico, Mexico City, China, United States

☆ Carmaker Toyota to invest $328 mln in Mexico hybrid pickup plant
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, June 8 (Reuters) - Japanese carmaker Toyota (7203.T) will invest a further $328 million in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. "The new version of the 'Mexican pickup' will be hybrid electric, which means Guanajuato will now form part of the company's electrification production strategy," Toyota said in a statement. The funds are set to help adapt manufacturing for the new Tacoma model for a North American market, it added. Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant, it added, saying the factory currently provides more than 2,500 jobs. Reporting by Sarah Morland and Kylie Madry; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Diego Sinhue, Tesla, Sarah Morland, Kylie Madry, Brendan O'Boyle Organizations: MEXICO CITY, Toyota, Tacoma, Thomson Locations: MEXICO, Mexican, Guanajuato, American, Japan, Mexico, United States, Nuevo Leon

The FAA downgraded Mexico's aviation safety rating to Category 2 in 2021, citing safety deficiencies and blocking Mexican carriers from adding new U.S. flights. Since Mexico lost the rating, the FAA has conducted a series of audits on the local civil aviation authority and its compliance with international safety standards. Mexican newspaper El Financiero had earlier reported that Mexico had already recovered the safety rating, citing government sources, but a short time later backtracked on the initial report. In the two years since the FAA dropped Mexico to Category 2, the country has revamped its aviation standards, replacing officials and most recently overhauling its civil aviation law. Asked to comment on Mexico's air safety rating, an FAA spokesperson would only say the agency continues "to provide assistance to Mexico's civil aviation authority."

Persons: El Financiero, Andres Conesa, Kylie Madry, Adriana Barrera, Carolina Pulice, Ana Isabel Martinez, Brendan O'Boyle, David Alire Garcia, Diane Craft Organizations: MEXICO CITY, U.S . Federal Aviation Administration, FAA, El, U.S, Thomson Locations: MEXICO, Mexico, United States

☆ Argentina to renew, expand China currency swap line
▼ + stars: | 2023-06-02 | by ( Eliana Raszewski | ) www.reuters.com time to read: +1 min

BUENOS AIRES, June 2 (Reuters) - Argentina has signed a deal to renew and potentially expand its currency swap line with China, the South American country's central bank said in a statement on Friday, a boost to the indebted nation's dwindling foreign currency reserves. The bank said that the two countries had agreed to renew the total 130 billion yuan ($18.36 billion) swap line for three more years, and could double the freely accessible part of the swap from 35 billion yuan now to 70 billion yuan, some $10 billion. "The procedure has begun to increase the usable amount by another 35 billion yuan," Argentina's central bank said following a meeting between officials in Beijing. The country's foreign currency reserves have fallen sharply this year due to a historic drought that slashed grains exports, the main source of dollar revenue, and the peso currency has weakened under the weight of 109% annual inflation. ($1 = 7.0820 Chinese yuan renminbi)Reporting by Eliana Raszewski; Writing by Brendan O'Boyle; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Eliana Raszewski, Brendan O'Boyle, Isabel Woodford Organizations: International Monetary Fund, Thomson Locations: BUENOS AIRES, Argentina, China, Beijing

☆ El Salvador court sentences ex-President Funes to 14 years in prison
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +2 min

SAN SALVADOR, May 29 (Reuters) - A court in El Salvador sentenced former President Mauricio Funes and his justice minister to over a decade behind bars for their ties with criminal groups and failure to comply with duties, the attorney general's office said in a tweet on Monday. Funes was sentenced to 14 years and former justice and defense minister, David Munguia, to 18. Funes, who governed from 2009 to 2014 and lives in Nicaragua, was granted Nicaraguan citizenship in 2019. El Salvador has been living under a state of emergency declared by the government of President Nayib Bukele for more than a year. Official data shows 5,000 of the prisoners have been released, as authorities found no ties to criminal groups.

☆ Brazil's Haddad argues country is ready for interest rate cuts
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, May 26 (Reuters) - Brazil Finance Minister Fernando Haddad on Friday said the country is about to enter a downward cycle of interest rates, pointing out that inflation is "more behaved." "We are about to.. have a downward cycle of interest rates. "Long-term interest rates are falling. The monetary authority has held Brazil's benchmark interest rate at 13.75% since September. Central bank chief Roberto Campos Neto has ruled out imminent cuts.

☆ Mexican president: 'No problem' if Grupo Mexico buys Citi's Banamex unit
▼ + stars: | 2023-05-16 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +1 min

Lopez Obrador said the mining and transport conglomerate (GMEXICOB.MX) remains one of the possible buyers of the retail banking unit, also known locally as Banamex. Lopez Obrador said he believes several "recommendations" he has for the sale are being met. Reuters reported last week that Grupo Mexico was closing in on a $7 billion deal to purchase Banamex. Lopez Obrador, a leftist economic nationalist, referenced tensions with Grupo Mexico's billionaire magnate German Larrea. When it comes to the sale and purchase of the bank there is no problem," Lopez Obrador said.

May 16 (Reuters) - The International Monetary Fund on Tuesday said it "strongly supports" Brazil's efforts to improve the country's fiscal position, while also commending the country's "ambitious agenda" to have a sustainable, inclusive, and green economy. "Enhancing Brazil's fiscal framework, broadening the tax base, and tackling spending rigidities would support sustainability and credibility," the leader of an annual mission to the country, Ana Corbacho, said in a statement after the Fund's visit. Brazil's finance ministry in late March unveiled new fiscal rules to balance limits on spending growth under the administration of President Luiz Inacio Lula da Silva, who has vowed to boost social programs and public investment. The new rules limit spending growth to 70% of Brazil's revenue growth in the prior 12 months. Corbacho also noted Brazil's efforts to "steer a sustainable, inclusive, and green economy" by cracking down on illegal deforestation, for example, and "leveraging competitive advantage in renewable energies."

☆ Mexico asks Texas to halt costly cargo inspections; will file USMCA complaint
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, May 15 (Reuters) - Mexico's economy ministry is urging the U.S. state of Texas to remove inspections of cargo crossing the border, which it said in a statement on Monday is causing millions of dollars in losses for U.S. and Mexican firms. The Mexican government will file a complaint with the trade facilitation committee under the United States-Mexico-Canada (USMCA) free trade agreement, which came into effect in 2020. Earlier this month, Texas started inspecting commercial vehicles crossing into the state from Mexico at a bridge connecting the Texas city of Brownsville with the Mexican city of Matamoros. Texas Governor Greg Abbott has ordered similar inspections before. In April 2022, cargo inspections prompted significant supply chain disruptions until Abbott reached a deal with the governors of four neighboring Mexican states to increase security efforts.

☆ Mexico's mighty peso hits 7-year record high against U.S. dollar
▼ + stars: | 2023-05-15 | by ( Noe Torres | ) www.reuters.com time to read: +2 min

Some analysts chalk up the peso's latest gains, however, as mostly the flip side of a weakening greenback. The peso gained 0.95% on Monday to trade at 17.42 pesos per dollar, its strongest level since May 2016. President Andres Manuel Lopez Obrador repeatedly touts the peso's strength as evidence of sound macroeconomic policies, especially his administration's budget austerity and pledge to avoid taking on new debt. "A big part of (the peso's strength) is the dollar's weakness," he said, adding that the Mexican economy further benefits from growing flows of fixed investments into the country. "Mexico has shown itself to be the least ugly person at the party," quipped Gonzali, helping it attract more dance partners.

MEXICO CITY, May 8 (Reuters) - The Mexican government on Monday set out fresh details of a plan to attract businesses to a corridor straddling a narrow isthmus of southern Mexico, part of a larger push to pump investment into the relatively poor region. The plan, called the Inter-Oceanic Corridor, will include 10 new industrial parks along the stretch connecting the Pacific port of Salina Cruz in Oaxaca state with the Gulf coast hub of Coatzacoalcos in Veracruz state, officials said. Officials also hinted at plans to construct four wind plants across the area, home to major installations of state-run oil company Pemex. Another reason to push manufacturing to the south is that the north - which benefits from its proximity with the United States - is facing a drought, officials say. Reporting by Kylie Madry; Writing by Brendan O'Boyle; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican officials roll out investment plans for southern corridor
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

Officials announced details for 10 industrial parks along the corridor connecting the Pacific port of Salina Cruz in Oaxaca state with the Gulf coast hub of Coatzacoalcos in Veracruz state. Four of the parks will be located in Veracruz and six in Oaxaca, officials said during an event touting the potential of the Interoceanic Corridor development plan. Lopez Obrador has repeatedly argued that southern states like Oaxaca are prime for investment versus the country's more industrial north. He has also touted southern Mexico's more ample water resources. The minister added that the Interoceanic Corridor project will be presented to companies from the United States, Canada, Taiwan and Germany, among others.

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