DIRS.INFO The most relevant business & tech news

☆ 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

SAN FRANCISCO (AP) — Chinese President Xi Jinping, fresh off his meeting with President Joe Biden, courted Indo-Pacific leaders in a flurry of meetings Thursday at a time of intensifying competition with the United States. Xi held individual talks with the leaders of Mexico, Peru, Fiji, Japan and Brunei, all on the sidelines of a summit of Asia-Pacific Economic Cooperation economies. In a meeting with Peruvian President Dina Boluarte, Xi said the two countries should strengthen economic and trade cooperation and pledged China’s support for Peru as host of next year’s summit of APEC leaders. Earlier, Xi held talks with Andrés Manuel López Obrador, praising the Mexican president for his leadership and reform efforts and pledging to bring the China-Mexico relationship to a new level. Xi called Hassanal Bolkiah, Brunei’s sultan, an “old friend” and said China would work with Brunei to bring benefits to both people.

Persons: Xi Jinping, Joe Biden, Xi, Dina Boluarte, Andrés Manuel López Obrador, López Obrador, —, Hurricane Otis, “, ” Xi, Sitiveni Rabuka, ”, Fumio Kishida, Kishida, Biden Organizations: FRANCISCO, Economic Cooperation, APEC, U.S, Fiji's, Japanese Locations: United States, Mexico, Peru, Fiji, Japan, Brunei, Asia, China, American, Latin America, Beijing, Brunei’s

☆ Mexico, China nod to stronger ties as leaders agree to promote trade and investment
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

China and Mexico's relationship has strengthened with time, Chinese President Xi Jinping said about the meeting, according to a post from the Asian country's embassy in Mexico, with Sino-Mexican relations becoming increasingly "mutually beneficial." The post added that China "is willing ... to strengthen the articulation of strategies, (and) explore the potential for cooperation ... to promote bilateral relations to a higher level." Mexico President Andres Manuel Lopez Obrador said the two leaders had "committed to continue maintaining good relations for the benefit of our people." Lopez Obrador is also set to meet with Canadian Prime Minister Justin Trudeau and U.S. President Joe Biden during the trip. Lopez Obrador and Xi agreed to combat illegal trafficking of precursor chemicals, Mexican Foreign Minister Alicia Barcena said in a post on social media network X.

Persons: Andres Manuel Lopez Obrador, Xi Jinping, Lopez Obrador, Justin Trudeau, Joe Biden, Biden, Xi, Alicia Barcena, Kylie Madry, Valentine Hilaire, Isabel Woodford, Josie Kao, Stephen Coates Organizations: Economic Cooperation, Reuters, MEXICO CITY, Canadian, U.S, Thomson Locations: Asia, San Francisco , California, U.S, MEXICO, Mexico, San Francisco . China, China, United States

☆ Morning Bid: Ebbing oil sustains economic glow
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +6 min

Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. That drop, which takes annual producer price inflation as low as 1.3%, was driven largely by falling gasoline prices. And that meets news that China's oil refinery throughput fell back in October as industrial fuel demand weakened. The overall energy and inflation picture is helping buoy consumption and stokes the 'soft landing' narrative investors are betting on. The picture in overseas markets, where the economic picture is cloudier, was more mixed.

Persons: magnifier, Dado Ruvic, Mike Dolan, stokes, Mary Daly, Joe Biden, Xi Jinping, Xi, Biden, Washington, Christopher Waller, Lisa Cook, John Williams, Michael Barr, Loretta Mester, Christine Lagarde, Luis de Guindos, Andrea Enria, Dave Ramsden, Andres Manuel Lopez Obrador, Alexander Smith Organizations: REUTERS, U.S . Energy Information Administration, Walmart, Federal, San Francisco Fed, Treasury, U.S . Senate, Philadelphia Fed, Kansas City Fed, Applied, Ross Stores, Federal Reserve, Lisa Cook , New York Fed, Cleveland Fed, European Central Bank, Bank of England, New York Federal Reserve, Insider Intelligence, Reuters Graphics, Thomson, Reuters Locations: U.S, United States, China . U.S, Target, San Francisco, Taiwan, China, Kansas, Treasuries, Lisa Cook , New, Franciso, Reuters Graphics China

These are then smuggled into the United States, the officials say. Last month, the United States imposed sanctions on 28 people and entities involved with the international proliferation of illicit drugs, including a large China-based network. Biden is also due to meet with Mexican President Andres Manuel Lopez Obrador in San Francisco. In San Francisco, state and local officials have tried to clean up drugs from the city's streets, with limited success. "We know San Francisco - and cities across the United States - will benefit from more targeting of the trafficking and production of fentanyl worldwide," a spokesperson for Breed said in a statement.

Persons: Joe Biden, Xi Jinping, Biden, Xi, Mike Odeh, Jake Sullivan, Washington, General Merrick Garland, Andres Manuel Lopez Obrador, Alicia Barcena, Brooke Jenkins, Mayor London Breed, Breed, Michael Martina, Sayantani Ghosh, Michelle Nichols, Josie Kao Organizations: Customs, Port, U.S . Customs, FRANCISCO, U.S, Economic Cooperation, United, city's, APEC, U.S . Centers for Disease Control, Prevention, . National, Washington, Biden, Institute of Forensic Science, China's Ministry of Public Security, Commerce, San Francisco . Mexican Foreign, Mayor London, Thomson Locations: Arizona, Mexico, Nogales , Arizona, U.S, Asia, Pacific, San Francisco, United States, China, CHINA, MEXICO, Washington, San Francisco . Mexican, Francisco's

☆ Mexican president to meet China's Xi at summit in San Francisco
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsMEXICO CITY, Nov 14 (Reuters) - Mexican President Andres Manuel Lopez Obrador will meet with his Chinese counterpart Xi Jinping on Thursday in San Francisco during an Asia-Pacific Economic Cooperation (APEC) summit, Mexico's foreign minister said on Tuesday. Lopez Obrador, who seldom travels outside Mexico, is also scheduled to meet with U.S. President Joe Biden the following day on the sidelines of the APEC meetings. Barcena said Lopez Obrador would also hold a bilateral meeting with Canada on Thursday afternoon, without being more specific. A Mexican official said the meeting would be with Canadian Prime Minister Justin Trudeau.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, Andres Manuel Lopez, Xi Jinping, Lopez Obrador, Joe Biden, Alicia Barcena, Xi, Barcena, Lopez, Justin Trudeau, Raul Cortes Fernandez, Dave Graham, Emelia Sithole Organizations: La, REUTERS, MEXICO CITY, Economic Cooperation, U.S, APEC, Foreign, Canada, Canadian, Thomson Locations: Santiago , Chile, MEXICO, San Francisco, Asia, Mexico, China, United States, U.S, Immigration

☆ Mexico’s first openly non-binary magistrate and prominent LGBTQ activist found dead
▼ + stars: | 2023-11-14 | by ( Belén Zapata | ) edition.cnn.com time to read: +2 min

Guadalajara, Mexico CNN —Mexico’s first openly non-binary magistrate and prominent LGBTQ activist Jesús Ociel Baena Saucedo was found dead at home in the central state of Aguascalientes on Monday. “The investigation is going to be done,” Rodríguez said during President Andrés Manuel López Obrador’s daily press conference, also on Monday. For a little over a year, Baena was a member of the central Mexican state of Aguascalientes’ Electoral Tribunal. Baena told CNN en Español in October last year that there was no record in Latin America of a non-binary magistrate. Baena said that being the first was an achievement and recognition for years of work in favor of LGBTQ rights.

Persons: Mexico CNN — Mexico’s, Jesús Ociel, Saucedo, Rosa Icela Rodríguez, General Jesús Figueroa, ” Rodríguez, Andrés Manuel López Obrador’s, ”, ” Figueroa, Baena, ” Baena Organizations: Mexico CNN, Mexico’s, Aguascalientes ’, CNN, Español, Gay Games Locations: Guadalajara, Mexico, Aguascalientes, Mexican, Aguascalientes ’, America, Tamaulipas, Mexico’s Guadalajara, Hong Kong

☆ Mexico's Ebrard sticks with ruling party, avoids break with president
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Mexico's former Foreign Minister Marcelo Ebrard, who was a runner-up to Claudia Sheinbaum in the ruling National Regeneration Movement's (MORENA) presidential primary, holds a press conference in Mexico City, Mexico, September 11, 2023. Afterwards, he had held out the possibility of seeking the presidency with the center-left opposition Citizens' Movement (MC) party. However, this weekend MC closed its register of contenders for its presidential candidacy without Ebrard. He was also a key interlocutor for Mexico's negotiations over trade and immigration with then-U.S. President Donald Trump, and the succeeding Biden administration. That has helped polarize public opinion, and Ebrard urged MORENA to broaden its base and cultivate middle class support.

Persons: Marcelo Ebrard, Claudia Sheinbaum, Raquel Cunha, Andres Manuel Lopez Obrador, Ebrard, Mexico City Mayor Claudia Sheinbaum, Lopez, Donald Trump, Biden, Lopez Obrador, MORENA, Dave Graham, Jonathan Oatis Organizations: REUTERS, MEXICO CITY, Regeneration, Mexico City Mayor, Citizens ' Movement, Thomson Locations: MORENA, Mexico City, Mexico, MEXICO, Asia

☆ Biden to meet Mexico's president on Friday at APEC summit -White House
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

U.S. President Joe Biden disembarks from Air Force One at O'Hare International Airport in Chicago, Illinois, U.S., November 9, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - U.S. President Joe Biden will meet with Mexican President Andres Manuel Lopez Obrador on Friday on the sidelines of the APEC Economic Leaders' forum in San Francisco, the White House said. The two leaders will "discuss how we can continue to work together as partners to manage migration at our shared border and mobilize a hemispheric-wide response to this challenge," the White House said. Reporting by Jasper Ward and Dan Whitcomb; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden disembarks, Leah Millis, Joe Biden, Andres Manuel Lopez Obrador, Jasper Ward, Dan Whitcomb, Rami Ayyub Organizations: Air Force, O'Hare International, REUTERS, Rights, APEC, Leaders, White, Thomson Locations: Chicago , Illinois, U.S, San Francisco

Their last meeting was at the Group of 20 summit in Indonesia last fall. The U.S. has consistently viewed military relations with China as critical to avoiding any missteps and to maintaining a peaceful Indo-Pacific region. Sullivan also said there were other areas where U.S. and Chinese interests overlap, particularly on the effort to combat fentanyl trafficking. The White House announced Monday that Biden would also meet with Mexican President Andrés Manuel López Obrador later this week. Associated Press Writers Janie Har in San Francisco and Lolita C. Baldor and Didi Tang in Washington contributed to this report.

Persons: Joe Biden, Xi Jinping, The, Biden, Xi, Jake Sullivan, ” Sullivan, “, Sullivan, Andrés Manuel López Obrador, Janet Yellen, ___ Madhani, Janie Har, Lolita C, Baldor, Didi Tang Organizations: WASHINGTON, —, Economic Cooperation, The Biden, Group, Biden, White House, U.S . Navy, Air Force, Disease Control, Drug Enforcement Administration, U.S, Democratic, White, Moscone Center, APEC, Finance, San Francisco Police Department, Union Square, Associated Press Locations: Asia, San Francisco, Indonesia, China, U.S, Pacific, Washington, Mexico, Iran, Taiwan, Beijing, Taipei, Taiwan Strait, Tehran, Israel, Union

☆ Mexico's ruling party again picks woman to run for mayor of capital
▼ + stars: | 2023-11-11 | by ( David Alire Garcia | ) www.reuters.com time to read: +2 min

[1/2] Aspiring candidate for the position of mayor of Mexico City and Iztapalapa Mayor Clara Brugada, attends an event in the municipality of Iztapalapa, in Mexico City, Mexico September 5, 2023. REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Nov 11 (Reuters) - Mexico's ruling party on Saturday picked veteran politician Clara Brugada to be its candidate for Mexico City mayor, placing her in a strong position to win the election next June. "Today we came out strong and united to win the heart of our great capital." As runner-up for the capital, Brugada will run for the job to meet the quota, MORENA party leaders said. His then-environment chief Claudia Sheinbaum, who became mayor in 2018, won the party's presidential nomination in September for the 2024 election.

Persons: Clara Brugada, Raquel Cunha, Brugada, Andres Manuel Lopez Obrador's, Omar Garcia Harfuch, MORENA, Lopez Obrador, Claudia Sheinbaum, David Alire Garcia, Dave Graham, Diane Craft Organizations: Iztapalapa, REUTERS, MEXICO CITY, Saturday, Mexico City, Regeneration, Twitter, Thomson Locations: Mexico City, Iztapalapa, Mexico, MEXICO, Brugada

☆ Mexico's Ruling Party Again Picks Woman to Run for Mayor of Capital
▼ + stars: | 2023-11-11 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By David Alire GarciaMEXICO CITY (Reuters) - Mexico's ruling party on Saturday picked veteran politician Clara Brugada to be its candidate for Mexico City mayor, placing her in a strong position to win the election next June. Brugada could become the second woman in a row to be elected as mayor of the Mexican capital if her campaign for President Andres Manuel Lopez Obrador's leftist National Regeneration Movement (MORENA) is successful. "Today we came out strong and united to win the heart of our great capital." As runner-up for the capital, Brugada will run for the job to meet the quota, MORENA party leaders said. His then-environment chief Claudia Sheinbaum, who became mayor in 2018, won the party's presidential nomination in September for the 2024 election.

Persons: David Alire Garcia, Clara Brugada, Brugada, Andres Manuel Lopez Obrador's, Omar Garcia Harfuch, MORENA, Lopez Obrador, Claudia Sheinbaum, Dave Graham, Diane Craft Organizations: David Alire Garcia MEXICO CITY, Saturday, Mexico City, Regeneration, Twitter Locations: Iztapalapa, Mexico, Brugada

☆ Mexico's Acapulco hit by garbage pile-up after deadly hurricane
▼ + stars: | 2023-11-11 | by ( Troy Merida | ) www.reuters.com time to read: +3 min

People protest against what they say is the lack of government help, in the aftermath of Hurricane Otis, in Acapulco, Mexico, November 5, 2023. The government has sent in thousands of soldiers to help clean up Acapulco, but residents say rubbish has engulfed some areas so quickly that even traffic is being held up. Mexico's Civil Protection authority did not reply to a request for comment, but the government said getting Acapulco cleared up is a top priority. When questioned about the garbage this week, President Andres Manuel Lopez Obrador said authorities are fumigating the city to prevent disease, and would deal with the problem. "When you've got large numbers of yellow fever mosquitoes, dengue outbreaks are only a matter of time."

Persons: Hurricane Otis, Jose Luis Gonzalez, Rosa Pacheco, Andres Manuel Lopez Obrador, Otis, Alejandro Macias, you've, Troy Merida, Dave Graham, Bill Berkrot Organizations: REUTERS, Rights, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, La Mira, Mexican

☆ Mexico's Acapulco Hit by Garbage Pile-Up After Deadly Hurricane
▼ + stars: | 2023-11-11 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

The government has sent in thousands of soldiers to help clean up Acapulco, but residents say rubbish has engulfed some areas so quickly that even traffic is being held up. Mexico's Civil Protection authority did not reply to a request for comment, but the government said getting Acapulco cleared up is a top priority. When questioned about the garbage this week, President Andres Manuel Lopez Obrador said authorities are fumigating the city to prevent disease, and would deal with the problem. If not, he said, conditions could be ripe for yellow fever mosquitoes. "When you've got large numbers of yellow fever mosquitoes, dengue outbreaks are only a matter of time."

Persons: Troy Merida, Hurricane Otis, Rosa Pacheco, Andres Manuel Lopez Obrador, Otis, Alejandro Macias, you've, Dave Graham, Bill Berkrot Locations: Troy Merida ACAPULCO, Mexico, Acapulco, Hurricane, La Mira, Mexican

☆ Aliens are back in Mexico's congress chambers once again. This time, a presenter said he found a 'new species.'
▼ + stars: | 2023-11-08 | by ( Sebastian Cahill | Associated Press | ) www.businessinsider.com time to read: +3 min

Journalist José Jaime Maussan again testified extraterrestrials were real to Mexico's congress. The trial is the second concerning UFOs or extraterrestrials to happen in Mexico's congress. The bodies were not publicly unveiled at the time, so it is unclear if they are the same as those presented to Mexico's congress. One anthropologist, Roger Zuniga, told Reuters he didn't know the origin of the beings. "They're real," Zuniga told the outlet.

Persons: José Jaime Maussan, —, Hurricane Otis, Maussan, Roger Zuniga, Zuniga, Sergio Gutiérrez Luna, Andrés Manuel López Obrador Organizations: Service, Hurricane, Reuters Locations: MEXICO, Peru, Acapulco, Mexico's, Argentina

[1/4] A screen displays images as Mexican journalist and UFO enthusiast Jaime Maussan (not pictured) hosts a second briefing on unidentified flying objects, known as UFOs, at Mexican Congress, in Mexico City, Mexico November 7, 2023. Maussan said the bodies, believed to have been found near Peru's ancient Nazca lines, were not related to any life on Earth. "They're real," Zuniga told Reuters on the sidelines of the session. Zuniga presented a letter signed by 11 researchers from the university declaring the same. The bodies that he and the other university researchers looked at, however, were real, he said.

Persons: Jaime Maussan, Quetzalli, Maussan, Roger Zuniga, Zuniga, Sergio Gutierrez, Andres Manuel Lopez Obrador's, Celestino Adolfo Piotto, Claudio Yarto, Cassandra Garrison, Christian Plumb, Miral Organizations: REUTERS, MEXICO CITY, San Luis Gonzaga National University, Reuters, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, San, Ica Peru, Morena, Argentine

☆ Fact Check: Agencies did warn of Hurricane Otis’ quick development
▼ + stars: | 2023-11-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Government agencies did issue warnings ahead of Hurricane Otis hitting the Mexican city of Acapulco on Oct. 25, contrary to claims on social media that said there was “no warning” ahead of the hurricane. It informed the public on Oct. 24 at 2:48 a.m. local time (0948 GMT) that Otis was expected to become a hurricane. The government of Guerrero, where Acapulco is located, referred to Otis as a hurricane at 3:58 p.m. (2258 GMT) on a social media post that day. Mexican President Andrés Manuel López Obrador warned about hurricane Otis on X, formerly known as Twitter, at 20:25 p.m. (0325 GMT). While Otis intensified quickly, government and weather agencies warned about the hurricane hours before it hit Acapulco.

Persons: Hurricane Otis, Otis, Andrés Manuel López Obrador, Contra, López Obrador, Read Organizations: Hurricane, Authorities, ” Reuters, U.S, National Hurricane Center, Twitter, Reuters, Thomson Locations: Acapulco, Mexican, ”, Mexico, Guerrero

☆ Mexico Supreme Court Justice Steps Down, to Join 'Transformation'
▼ + stars: | 2023-11-07 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

MEXICO CITY (Reuters) - Mexican Supreme Court justice Arturo Zaldivar is stepping down from his post, he said on Tuesday in a post on social media network X, to join Mexico's "transformation," an apparent reference to President Andres Manuel Lopez Obrador's political movement. Zaldivar had previously acted as chief of the court. He said on Tuesday he would continue to serve Mexico in efforts to shore up "the transformation of a fairer and more egalitarian Mexico."

Persons: Arturo Zaldivar, Andres Manuel Lopez, Zaldivar Organizations: MEXICO CITY Locations: MEXICO, Mexico

☆ Mexico rules out severing ties with Israel over Gaza, calls for peace
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador has staked out a more moderate position than some other Latin American leftists, with Colombia, Chile and Honduras recalling their ambassadors to Israel over its strikes on Gaza. "We - and I want to be very clear when I say this - are not going to break relations with Israel, or take a position beyond calling for peace," Lopez Obrador said. Mexico's government condemned the attacks by Hamas against Israel on Oct. 7, but has also urged Israel to avoid civilian casualties in Gaza and is pressing for a two-state solution. Mexican diplomat Alicia Buenrostro, speaking last week at a U.N. emergency special session on Gaza, called for Israel to end the occupation of Palestinian territories. Reporting by Mexico City Newsroom Editing by Dave Graham and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Lopez Obrador, Alicia Buenrostro, Dave Graham, Deepa Babington Organizations: Reuters, MEXICO CITY, Mexico City, Thomson Locations: Latin America, Caribbean, Palenque, U.S, Palenque , Mexico, MEXICO, Israel, Gaza, Colombia, Chile, Honduras, Gaza . Bolivia, Mexico, Mexican

MEXICO CITY (AP) — The lower chamber of Mexico’s congress once again turned to spectacle Tuesday, devoting hours of its time to a controversial character who pressed the case for “non-human beings” he said were found in Peru. Less than three weeks after Category 5 Hurricane Otis devastated Acapulco, a port of nearly 1 million people, the Chamber of Deputies spent more than three hours listening to journalist José Jaime Maussan and his group of Peruvian doctors. Maussan and some Mexican lawmakers became the subject of international ridicule in September when he presented two boxes with supposed mummies found in Peru. Political Cartoons View All 1237 ImagesOn Tuesday, Dr. Daniel Mendoza showed photographs and x-rays of what he said was a “non-human being.” Maussan said it was a “new species” as it did not have lungs or ribs. Lawmaker Sergio Gutiérrez Luna, from the governing party of President Andrés Manuel López Obrador, said “all ideas and all proposals will always be welcome to debate them, hear them to agree with or not.”

Persons: ”, Hurricane Otis, José Jaime Maussan, Maussan, Daniel Mendoza, ” Maussan, Sergio Gutiérrez Luna, Andrés Manuel López Obrador Organizations: MEXICO CITY, Hurricane Locations: MEXICO, Peru, Acapulco

☆ Mexico supreme court justice steps down, to join 'transformation'
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: 1 min

President of the Supreme Court of Justice (SCJN) Arturo Zaldivar delivers his third annual report, at the Court premises in Mexico City, Mexico December 15, 2021. REUTERS/Gustavo Graf/File Photo Acquire Licensing RightsMEXICO CITY, Nov 7 (Reuters) - Mexican Supreme Court justice Arturo Zaldivar is stepping down from his post, he said on Tuesday in a post on social media network X, to join Mexico's "transformation," an apparent reference to President Andres Manuel Lopez Obrador's political movement. Zaldivar had previously acted as chief of the court. He said on Tuesday he would continue to serve Mexico in efforts to shore up "the transformation of a fairer and more egalitarian Mexico." Reporting by Kylie MadryOur Standards: The Thomson Reuters Trust Principles.

Persons: SCJN, Arturo Zaldivar, Gustavo Graf, Andres Manuel Lopez, Zaldivar, Kylie Madry Organizations: Justice, REUTERS, MEXICO CITY, Thomson Locations: Mexico City, Mexico, MEXICO

[1/2] The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Acquire Licensing RightsMEXICO CITY, Nov 7 (Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy (NFE.O) have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Last month, Pemex decided to halt the project after NFE wanted to impose conditions Mexican officials considered unacceptable, including NFE buying the natural gas too cheaply from Pemex, one of the sources said. Pemex wanted to develop Lakach with the U.S. company using a service contract, a mechanism used prior to the Mexico's energy sector opening in 2013-14. Reuters previously reported that officials at the CNH and Pemex had been at odds over how to develop Lakach and other large fields.

Persons: Raquel Cunha, Pemex, NFE, Lakach, Andres Manuel Lopez Obrador, Stefanie Eschenbacher, Ana Isabel Martinez, Mariana Parraga, Adriana Barrera, Dave Graham, Marguerita Choy Organizations: REUTERS, MEXICO CITY, New Fortress Energy, U.S, Reuters, U.S . Department of Energy, Thomson Locations: Mexico City, Mexico, MEXICO, Gulf of Mexico, Veracruz, Gulf, Tamaulipas, Altamira, Houston

☆ As Devastated Acapulco Rebuilds, Other Mexico Resorts Urged to Heed Its Lessons
▼ + stars: | 2023-11-06 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

By Cassandra Garrison and Dave GrahamMEXICO CITY (Reuters) - Hurricane Otis not only devastated Acapulco, but also exposed fatal weaknesses in ageing infrastructure, teaching hard lessons that coastal cities throughout Mexico must draw on. As Acapulco rebuilds after the deadly Category 5 hurricane, climate experts, architects, engineers and politicians recommended steps Mexico should take. He noted that after the 1985 Mexico City earthquake killed thousands, the capital imposed tougher building standards. While Mexico City must update its standards for structural design every six years, Mexico lets other individual municipalities issue their own construction regulations. After Odile, Baja California's building standards reflected new guidance on areas of weakness identified, such as roofs.

Persons: Cassandra Garrison, Dave Graham MEXICO, Otis, Enrique de la, Andres Manuel Lopez Obrador, Adrian Pozos, Hurricane Odile, Odile, Pozos, Lopez Obrador, David Waggonner, Waggonner, Waggoner, Dave Graham, Daina Beth Solomon, David Gregorio Organizations: Dave Graham MEXICO CITY, Mexican Tourism, National Autonomous University of Mexico, American Society of Civil Engineers Locations: Acapulco, Mexico, Enrique de la Madrid, Oaxaca, Tamaulipas, Guerrero, Baja California, Baja, Puerto Vallarta, Cancun, Miami, New Orleans

☆ Mexican businesses warmed by glow of 'nearshoring' dawn
▼ + stars: | 2023-11-06 | by ( Noe Torres | ) www.reuters.com time to read: +4 min

MEXICO CITY, Nov 6 (Reuters) - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called "nearshoring" to boost profits and economic growth, especially in industrial zones near the U.S. border. "Many companies are already talking about this - about nearshoring and the economic benefits," said Gerardo Copca, an analyst at consultancy MetAnalisis. One notable project - electric vehicle maker Tesla's plans for a reported $5 billion factory in northern Mexico - has been credited with attracting $1 billion in Chinese investments to nearby industries. Mexican real estate investment trust Fibra Uno (FUNO11.MX) plans to launch a trust allowing investors to cash in on expected growth of industrial assets. Total Mexican construction output jumped almost by 46% in August year-on-year, with northern states performing strongly.

Persons: Gerardo Copca, Nearshoring, Fibra Uno, Andre El, Mann, AMPIP, Lorenzo Berho, El, Berho, Enrique Navarro, Andres Manuel Lopez Obrador's, Noe Torres, Dave Graham, David Alire Garcia, Christian Plumb, Josie Kao Organizations: MEXICO CITY, Fibra, Banco Regional, U.S, UBS, Cement, GCC, Thomson Locations: MEXICO, U.S, Mexico, Asia, Mexican, Queretaro, Guanajuato, Jalisco, United States, Canada, China, Swiss, Chihuahua, Texas

☆ Three generations of Mexican family go missing in Acapulco hurricane
▼ + stars: | 2023-11-01 | by ( Josue Decavele | ) www.reuters.com time to read: +3 min

[1/5] Damaged boats are seen at the Yates Club, in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 30, 2023. Her elder brother, a boat captain, was on a separate vessel of which there has been no sign since the hurricane, she said. The missing relatives went to the boats because they had orders from their bosses to look after them, Saravia said. Still, the number of people reported missing has been steadily ticking up, and authorities have so far given few details about the dead and injured in Acapulco. On Wednesday, the Guerrero state government said 58 people were unaccounted for since the hurricane roared in.

Persons: Hurricane Otis, Quetzalli, Maria del Rosario Saravia, Otis, Maria Hilaria Delgado, Luis Alberto Lopez, Luis Sebastian Herrera, Alejandro Marcelino Herrera, Saravia, Andres Manuel Lopez Obrador, Josue, Dave Graham, Aurora Ellis Organizations: Yates, REUTERS, Rights, Authorities, Wednesday, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, Saravia, Guerrero

Search resuls for: "Andrés Manuel López Obrador"

25 mentions found