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SAO PAULO, Aug 21 (Reuters) - Latin American corporate card provider Clara has launched cross-border transactions, the company announced on Monday, expecting to move up to $100 million by the end of the year. Through the service, clients can now pay bills in major foreign currencies, Clara said in a statement. Earlier this month, Clara announced it was moving its headquarters from Mexico to Brazil, betting on the South American country becoming its largest market by 2024. Half of the company's leadership is already based in Brazil, Clara said on Monday. ($1 = 17.0143 Mexican pesos)Reporting by Kylie Madry; Editing by Conor Humphries and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Clara, nearshoring, Clara said, Kylie Madry, Conor Humphries, Cynthia Osterman Organizations: SAO PAULO, Reuters, Thomson Locations: American, Mexico, Colombia, Brazil

[1/4] Klar CEO Stefan Moller poses for a photograph in Mexico City, Mexico, July, 2022, in this handout photo made available to Reuters on August 14, 2023. The executive explained that Klar currently offers credit lines ranging from 1,000 pesos ($58.67) to 30,000 pesos ($1,760.24), but is looking to "experiment" with loans up to 40,000 pesos. "Every three months we re-evaluate the size of the (credit) line," Moller said. "We're still in a market where credit penetration and consumer credit penetration is much lower than it should be compared to economic development indicators." ($1 = 17.0431 Mexican pesos)Reporting by Kylie Madry Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Moller, Moller, Klar, We're, Kylie Madry, Marguerita Choy Organizations: Reuters, Victory, Capital, Thomson Locations: Mexico City, Mexico, Handout, Mexican

A general view shows parts of the structure of flight terminal at an abandoned construction site of a Mexico City airport that was scrapped at Texcoco on the outskirts of Mexico City, Mexico September 3, 2020. "The finance ministry asked for everything to stay the same, so that's what's going to happen," Deputy Transportation Minister Rogelio Jimenez Pons told reporters. Jimenez had previously said that the finance ministry was considering an earlier payback schedule, as the funds used to pay off the bonds for the canceled airport currently come from a usage tax generated by the existing Mexico City International Airport (AICM). Once the Navy runs the AICM, which Jimenez said he expects to happen later this year, it may decide to renegotiate a buyback with the finance ministry, he added. Lopez Obrador opened the farther-away Felipe Angeles International Airport (AIFA) last year as an alternative to the Texcoco airport on an active military base.

Persons: Henry Romero, Andres Manuel Lopez, Rogelio Jimenez Pons, Jimenez, Lopez Obrador, Felipe, Kylie Madry, David Alire Garcia, Diane Craft Organizations: REUTERS, Mexico City International, Navy, Felipe Angeles International Airport, Thomson Locations: Mexico City, Texcoco, Mexico, MEXICO

☆ Eco-friendly bamboo bicycles hit the streets in Cuba
▼ + stars: | 2023-08-03 | by ( Mario Fuentes | ) www.reuters.com time to read: +1 min

[1/5] Nayvis Dias, founder of Velo Cuba, shows eco-friendly bamboo bicycles at her office in Havana, Cuba, July 21, 2023. REUTERS/Alexandre MeneghiniHAVANA, Aug 3 (Reuters) - Among the classic cars, mopeds and rickshaws Cubans use to get around the capital city Havana, a new kind of ride is hitting the streets - bamboo bicycles made by a local workshop. Velo Cuba, a bike shop and tour company, produces the lightweight, eco-friendly options as part of a program funded by the Netherlands' embassy in the country. "There are 28 species of bamboo in Cuba," said Velo Cuba founder Nayvis Diaz. Transportation and steady employment are both chronic issues in Cuba, where the economy was hard-hit by the coronavirus pandemic.

Persons: Nayvis Dias, Alexandre Meneghini HAVANA, Nayvis Diaz, Yaquelin Gonzalez, Diaz, Mario Fuentes, Nelson Acosta, Kylie Madry, Bill Berkrot Organizations: Velo Cuba, REUTERS, Transportation, Reuters, Thomson Locations: Havana, Cuba, Velo Cuba, Netherlands, United States, China

☆ Mexican president urges end to 'irrational' Ukraine war, wants Russia at peace talks
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, July 31 (Reuters) - Mexican President Andres Manuel Lopez Obrador on Monday called for an end to the "irrational" war in Ukraine, urging upcoming peace talks in the Middle East to include representation from both Ukraine and Russia. "If there's acceptance from both Ukraine and Russia to look for solutions to achieve peace, we'll participate," the president told reporters at a regular press conference. On Monday, the Kremlin said it would "follow" the meeting but did not currently see conditions for peace talks with Kyiv. In April, Ukraine President Volodymyr Zelenskiy urged Mexican lawmakers to back his plan to end the war, which would include Russia withdrawing its troops from Ukrainian territory. Lopez Obrador had outlined a separate peace plan last year, which Ukraine opposed, arguing it would have benefited Russia.

Persons: Andres Manuel Lopez Obrador, Lopez Obrador, we'll, Russia's, Volodymyr Zelenskiy, Kylie Madry, Raul Cortes, Bill Berkrot Organizations: MEXICO CITY, Wall Street, Kyiv, Thomson Locations: MEXICO, Ukraine, Russia, Mexico, Saudi Arabia, Jeddah

☆ Brazil's Petrobras to trim dividends under new policy
▼ + stars: | 2023-07-29 | by ( Peter Frontini | ) www.reuters.com time to read: +1 min

SAO PAULO, July 28 (Reuters) - Brazilian state-run oil firm Petrobras' (PETR4.SA) board of directors on Friday approved a new shareholder remuneration policy that will trim its hefty dividend and allow share buybacks, according to a securities filing. Under the new policy, Petrobras' quarterly dividend will have to be at least 45% of its free cash flow, down from the current 60%, when the firm's gross debt is below $65 billion. In 2022, Petrobras paid a total of 215.8 billion reais to its shareholders, including the Brazilian government, which holds a controlling stake in the firm. Petrobras will announce its second-quarter dividends and earnings on Aug. 3 after the market closes. Reporting by Carolina Pulice and Peter Frontini; Editing by Brendan O'Boyle and Kylie MadryOur Standards: The Thomson Reuters Trust Principles.

Persons: Jean Paul Prates, Carolina Pulice, Peter Frontini, Brendan O'Boyle, Kylie Madry Organizations: SAO PAULO, Petrobras, SA, Reuters, Thomson

☆ Walmart Mexico posts slightly higher profit amid June sales uptick
▼ + stars: | 2023-07-27 | by ( Carolina Pulice | ) www.reuters.com time to read: +2 min

MEXICO CITY, July 27 (Reuters) - Walmart's Mexico and Central America unit on Thursday posted a 5% year-on-year rise in its second-quarter net profit, boosted by slightly higher sales especially in June, though earnings were slightly behind forecasts. Walmart de Mexico (WALMEX.MX), the largest retailer in Mexico, posted a net profit of 11.44 billion pesos ($668 million). The company posted a profit of 0.66 pesos a share, just below the Refinitiv estimate of 0.69 pesos. Same-store sales increased 8.5% in Mexico and 9.5% in Central America, and the firm expanded its physical footprint with 22 new stores in Mexico. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 8.5% to 21.9 billion pesos.

Persons: Paulo Garcia, Guilherme Loureiro, Monex, Loureiro, Carolina Pulice, Noe Torres, Kylie Madry, Lincoln, Christopher Cushing Organizations: MEXICO CITY, Central America, Walmart, America, Thomson Locations: MEXICO, Mexico, Central, Central America

Bimbo cut its annual sales forecast to low-to-mid single-digit growth, Chief Financial Officer Diego Gaxiola said in a call with analysts, down from a previous projection of mid-to-high single-digit growth. "Compared to our initial sales guidance, we have an impact of more than six percentage points" due to the strength of the peso, Gaxiola said. Earlier on Tuesday the firm, which sells buns, cakes, cookies, bagels and tortillas across 34 countries, reported that revenues increased 4% to a second-quarter record of 100.37 billion pesos ($5.86 billion) following price hikes, which were also offset by the peso's strength. The strong peso also partially contributed to a nearly 30% drop in quarterly net profit, falling to 4.30 billion pesos, Bimbo said. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 7.8% to 14.00 billion pesos.

Persons: Bimbo, Diego Gaxiola, Gaxiola, Kylie Madry, Aida Pelaez, Fernandez, Brendan O'Boyle, Sonali Paul Organizations: MEXICO CITY, U.S, Thomson Locations: Canada, MEXICO, U.S, Mexico

☆ Mexico security forces 'collaborated' in student disappearances, report says
▼ + stars: | 2023-07-25 | by ( Lizbeth Diaz | ) www.reuters.com time to read: +3 min

[1/6] Carlos Martin Beristain and Angela Buitrago, members of the Interdisciplinary Group of Independent Experts (GIEI), attend the last press conference on the 43 missing students of the Ayotzinapa Teacher Training College, in Mexico City, Mexico July 25, 2023. REUTERS/Raquel CunhaMEXICO CITY, July 25 (Reuters) - Mexican security forces at local, state and federal level knew about the 2014 abduction of 43 student teachers and were complicit in their disappearances, a report prepared by an independent investigatory panel said on Tuesday. "They all collaborated to make them disappear," GIEI panel member Carlos Beristain told a press conference ahead of the presentation of the group's final fact-finding report. The gang then killed the students and burned their bodies, their report said. In the crucial hours after the students went missing, at least 500 calls about the incident were recorded at a government security surveillance center, the report said.

Persons: Carlos Martin Beristain, Angela Buitrago, Raquel Cunha MEXICO, Carlos Beristain, Andres Manuel Lopez Obrador, Julio Cesar Mondragon, GIEI, Lizbeth Diaz, Kylie Madry, Rosalba O'Brien Organizations: Interdisciplinary Group, Independent, Training College, REUTERS, Raquel Cunha MEXICO CITY, Inter, American, Human Rights, Army, Navy, Ayotzinapa Rural Teachers ' College, Thomson Locations: Mexico City, Mexico, Iguala, Guerrero, cahoots

☆ AI imagines kids of victims kidnapped during Argentina dictatorship
▼ + stars: | 2023-07-25 | by ( Candelaria Grimberg | ) www.reuters.com time to read: +3 min

After Argentina's 1976 military coup, about 30,000 people including about 500 children and babies were killed or disappeared, almost all of them civilians. Mothers and grandmothers of the victims, the Abuelas of Plaza de Mayo, rose to prominence advocating for answers about their loved ones. The group, which has located 132 grandchildren, thanked the initiative but noted that DNA testing remains the "only infallible" identification method. Barros said he had always aimed to support Abuelas' mission, using AI as a way for younger generations to examine past atrocities. But "it does not replace the DNA samples or any of the Abuelas methods" such as investigating possible illegal adoptions and collecting DNA samples, he noted.

Persons: Santiago Barros, Marta Bugnone, Jorge Ayastuy, Argentina's, Read, Barros, Esteban Herrera, Abuelas, Herrera, Candelaria Grimberg, Lucila Sigal, Kylie Madry, Anna, Catherine Brigida, Richard Chang Organizations: Thomson Locations: Argentine, BUENOS AIRES, Instagram, Plaza de Mayo

MEXICO CITY, July 20 (Reuters) - Mexico's Grupo Financiero Banorte (GFNORTEO.MX) reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better results in its insurance and annuities and trading units. Revenue for the group, which owns one of the country's largest banks and pension funds, totaled 33.06 billion pesos in the quarter, up 19% from a year earlier. The bank's performing loan book saw a 12% bump from the year-ago period, with double-digit growth in nearly all divisions. Loan-loss previsions, however, also jumped 66% from the year-ago period to 4.04 billion pesos, with cost of risk shooting up to 1.66% from 1.13%. Banorte will also grow by some 1,300 account managers in the next few months in its business and corporate sectors, Ramirez said.

Persons: Banorte, Marcos Ramirez, Ramirez, Carolina Pulice, Kylie Madry, Stephen Coates Organizations: MEXICO CITY, Financiero, Thomson Locations: MEXICO

☆ US, Mexico agree on labor rights plan for Mexican Goodyear plant
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, July 19 (Reuters) - The United States and Mexico reached an agreement to remedy violations of workers' rights at a Goodyear Tire & Rubber Co (GT.O) plant in the Mexican city of San Luis Potosi, both countries said on Wednesday. The Mexican government has committed to carry out a number of measures under the agreement, the U.S. Trade Representative's (USTR) office said in a statement. Goodyear must also inform workers of their labor rights and respect union activity, the USTR said. Mexico will carry out periodic inspections of the plant, and if warranted, could impose sanctions on people, labor organizations or the company, the USTR said. The remediation plan comes after a petition from a Mexican independent union, which found Goodyear was offering employees fewer benefits than an industry-wide agreement required.

Persons: Goodyear, Raul Cortes, Valentine Hilaire, Kylie Madry, Brendan O'Boyle, Sonali Paul Organizations: MEXICO CITY, Goodyear Tire &, U.S . Trade, Goodyear, Thomson Locations: MEXICO, United States, Mexico, Mexican, San Luis Potosi, U.S

MEXICO CITY, July 18 (Reuters) - Precursor chemicals used by Mexican cartels to make the deadly opioid fentanyl do not come from China, its embassy in Mexico said on Tuesday, rejecting U.S. officials' accusations. China had denied the illegal trafficking of fentanyl to Mexico in an April statement, though it did not address precursor chemicals. The embassy on Tuesday said China was "actively coordinating and strengthening" supervision of drug-making substances with Mexico. The U.S. embassy in Mexico and Mexico's foreign ministry did not immediately respond to requests for comment. Last week, the U.S. Treasury sanctioned 10 people with suspected ties to the Sinaloa Cartel's fentanyl network, as well as a company accused of importing chemicals from China.

Persons: Joe Biden's, Mexico Ken Salazar, Salazar, Kylie Madry, Isabel Woodford, Robert Birsel Organizations: MEXICO CITY, U.S . Drug, Administration, U.S . Treasury, Thomson Locations: MEXICO, China, Mexico, U.S, United States, Canada, The U.S, Sinaloa

☆ Magnitude 6.5 quake felt in Central America, no damage reported
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

SAN SALVADOR, July 18 (Reuters) - A magnitude 6.5 earthquake struck off El Salvador's Pacific coast at a depth of nearly 70 km (43 miles) on Tuesday evening, the United States Geological Survey (USGS) said, with reports indicating it was felt in several nations in Central America. There were no immediate reports of damage and the earthquake did not trigger a tsunami warning for El Salvador, El Salvador's environment ministry said. Salvadoran lawmaker Salvador Chacon said on Twitter that checks were being carried out in the coastal city of La Libertad, near the capital San Salvador, although there were no reports of damage from the municipality. The quake was also felt in Nicaragua, Honduras, Guatemala and Belize, according to local media and Reuters witnesses. Reporting by Nelson Renteria in San Salvador; Writing by Kylie Madry and Isabel Woodford; Editing by Anthony Esposito and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: El, Salvador Chacon, Nelson Renteria, Kylie Madry, Isabel Woodford, Anthony Esposito, Tom Hogue Organizations: SALVADOR, United States Geological Survey, Twitter, Thomson Locations: El, Central America, El Salvador, La Libertad, San Salvador, Nicaragua, Honduras, Guatemala, Belize

☆ El Salvador arrests more than 100 Colombians in financial scheme
▼ + stars: | 2023-07-18 | by ( Nelson Renteria | ) www.reuters.com time to read: +2 min

SAN SALVADOR, July 17 (Reuters) - Salvadoran police arrested more than a hundred Colombians for their alleged involvement in operating a microfinancing scheme that laundered money from drug running and gang activities, security officials said on Monday. The criminal group reportedly made loans, using funds obtained illegally, to individuals and small businesses with 20% interest, according to the officials. Some $20 million in money linked to drug trafficking gangs is estimated to have been sent to Colombia since 2021 under the scheme, added Delgado. Colombia's foreign ministry said it was in talks with its embassy and consulate in El Salvador over the arrests, but did not offer further comment on the accusations facing the Colombian nationals. Reporting by Nelson Renteria in San Salvador; Additional reporting by Oliver Griffin in Bogota Writing by Kylie Madry Editing by David Alire Garcia and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Nayib Bukele, Rodolfo Delgado, Delgado, Bukele, Nelson Renteria, Oliver Griffin, Kylie Madry, David Alire Garcia, Matthew Lewis Organizations: SALVADOR, Salvadoran, Twitter, Colombian, Thomson Locations: Colombia, El Salvador, Guatemalan, Argentine, San Salvador, Bogota

She also accused Lopez Obrador of using "the full apparatus of the state" against her. Lopez Obrador cannot run again because Mexican law restricts presidents to a single six-year term. It is not the first time Lopez Obrador has published financial information about a political adversary. Last year, Lopez Obrador released the purported earnings of journalist Carlos Loret de Mola, a prominent critic of the president. Lopez Obrador touted the amount of business Galvez had supposedly won during a regular press conference earlier on Friday, prompting Galvez to challenge him to back up his claims.

Persons: Andres Manuel Lopez Obrador, Lopez Obrador, Xochitl Galvez, Galvez, Lopez, MORENA, Carlos Loret de Mola, Kylie Madry, Dave Graham, Will Dunham Organizations: MEXICO CITY, Twitter, Regeneration, Thomson Locations: MEXICO

☆ Guatemala prosecutor defends its probe into anti-graft presidential hopeful
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

GUATEMALA CITY, July 14 (Reuters) - The Guatemalan prosecutors' office said on Friday it would continue its investigation into anti-graft party Semilla and that its actions were not meant to interfere with a presidential run-off set to take place next month. The office this week launched an investigation of Semilla, whose candidate Bernardo Arevalo, pledging to tackle entrenched corruption, took a surprise second place in the first-round vote in June. The prosecutor has alleged that Semilla committed fraud by using more than 5,000 fake signatures to register members. The prosecutor leading the investigation into Semilla, Rafael Curruchiche, said during a press conference on Friday that Guatemalans had come forward with complaints about Semilla. Curruchiche has previously targeted anti-graft campaigners and has been placed on the U.S. State Department's Engel List for "corrupt and undemocratic actors."

Persons: Semilla, Bernardo Arevalo, Rafael Curruchiche, Guatemalans, Arevalo, Sandra Torres, Torres, Curruchiche, U.S . State Department's Engel, Sofia Menchu, Kylie Madry, Sarah Kinosian, Cassandra Garrison, Rosalba O'Brien Organizations: GUATEMALA CITY, European Union, U.S, U.S . State, Thomson Locations: GUATEMALA, U.S, Semilla, U.S .

☆ Guatemala top court reverses ban on anti-graft presidential candidate
▼ + stars: | 2023-07-13 | by ( Sofia Menchu | ) www.reuters.com time to read: +5 min

The Constitutional Court said it had granted a provisional injunction filed by the Semilla party against a judge's order to suspend the party and seemingly kick Arevalo out of the race. Asked about the potential for U.S. sanctions on those behind the Semilla suspension, a U.S. State Department spokesperson cited sanctions already imposed on Curruchiche and Attorney General Maria Consuelo Porras but declined to say more. Arevalo told reporters earlier on Thursday he believed the lower court's move against Semilla violated a Guatemalan law preventing political party suspensions during an election. Arevalo's presidential rival Torres urged the popular vote be respected and said she was suspending her campaign in solidarity with Semilla voters. Aldana by then had a reputation as an anti-graft crusader and helped oust, prosecute and imprison conservative former President Otto Perez.

Persons: Cinthia Monterroso, Guatemala Attorney General's, Bernardo Arevalo's, Read, Bernardo Arevalo, Arevalo, Sandra Torres, Semilla, Rafael Curruchiche, U.S . State Department's Engel, General Maria Consuelo Porras, Juan Jose Arevalo, Alejandro Giammattei, Giammattei, Torres, Thelma Aldana, Otto Perez, Sofia Menchu, Dave Graham, Valentine Hilaire, Matt Spetalnick, Kylie Madry, Cassandra Garrison, Sarah Morland, Stephen Eisenhammer, Josie Kao, Lincoln Organizations: Guatemala Attorney, GUATEMALA CITY, Constitutional, European Union, U.S, U.S . State, Semilla, Washington D.C, Thomson Locations: Guatemala, Guatemala City, GUATEMALA, June's, The U.S, U.S, Canada, Britain, Chile, Norway, Mexico, U.S ., Curruchiche, Mexico City, Washington

☆ US slaps sanctions on Sinaloa Cartel fentanyl network
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, July 12 (Reuters) - The U.S. Treasury Department on Wednesday imposed sanctions on 10 Mexican nationals and one company in the country for their alleged involvement in the Sinaloa Cartel's vast illicit fentanyl trafficking network. The sons, known as "Los Chapitos," are accused of leading a faction of the Sinaloa Cartel after their father's 2016 capture and extradition to the U.S. a year later. The U.S. Treasury also sanctioned an import-export company, REI Compania Internacional, and its majority shareholder for allegedly receiving chemical shipments from China. Lopez Obrador added that his Security Minister Rosa Icela Rodriguez would meet this month with U.S. U.S. President Joe Biden's administration has been seeking increased cooperation from Mexico and China in stemming the flow of fentanyl and its precursor chemicals.

Persons: Noel Lopez Perez, Joaquin, El, Ricardo Paez Lopez, El Chapo's, Ovidio Guzman Lopez, Andres Manuel Lopez Obrador, Lopez Obrador, Rosa Icela Rodriguez, Elizabeth Sherwood, Randall, Joe Biden's, Kylie Madry, Stefanie Eschenbacher, Raul Cortes, Sarah Morland, Mark Heinrich, Josie Kao Organizations: MEXICO CITY, U.S . Treasury Department, Treasury, Foreign Assets, U.S . Treasury, REI Compania Internacional, U.S . Homeland Security, Thomson Locations: MEXICO, Sinaloa, U.S, United States, Mexico, China, Mexican

☆ Several missing after fire at Pemex offshore platform, Mexico's president says
▼ + stars: | 2023-07-07 | by ( Ana Isabel Martinez | ) www.reuters.com time to read: +1 min

MEXICO CITY, July 7 (Reuters) - Several workers at an offshore platform run by Mexican state oil company Pemex in the Gulf of Mexico are missing after a fire broke out early Friday morning, President Andres Manuel Lopez Obrador told reporters. The president said Pemex firefighters were at the scene at the Cantarell complex, in the Bay of Campeche, to put out the fire after an explosion at a gas production platform and that employees were evacuated. One Pemex employee and three others were injured, the oil workers union said in a statement. A source at the company told Reuters the fire was at Pemex's Nohoch-A offshore gas compression platform, but that oil production remained unaffected. Cantarell produces from one of Mexico's largest oil fields which for decades was one of Pemex's crown jewels.

Persons: Andres Manuel Lopez Obrador, Lopez Obrador, Ana Isabel Martinez, Stefanie Eschenbacher, Manuel Carrillo, Kylie Madry, Isabel Woodford, David Holmes Organizations: MEXICO CITY, Reuters, Cantarell, Thomson Locations: MEXICO, Gulf, Mexico, Bay, Campeche

☆ Two dead, output impacted after fire engulfs Mexican oil platform
▼ + stars: | 2023-07-07 | by ( Ana Isabel Martinez | ) www.reuters.com time to read: +2 min

[1/4] Boats spray water onto an offshore oil platform that caught fire at the Pemex's Cantarell Field, in the Bay of Campeche, Gulf of Mexico, Mexico July 7, 2023. In posts on Twitter, Pemex said it had accounted for all other workers and said oil production had taken a major hit from the blaze. Later on Friday, the company said oil production had been "impacted in a substantial way" due to the fire. A Pemex statement Friday morning indicated that 321 of 328 people working on the sprawling platform had been successfully evacuated. The vast majority of Mexican oil production comes from nearby shallow water fields clustered around the Bay of Campeche in the southern Gulf, where Pemex has suffered a number of industrial accidents in recent years.

Persons: Pemex, Octavio Romero, Cantarell, Ana Isabel Martinez, Stefanie Eschenbacher, Kylie Madry, Manuel Carrillo, Brendan O'Boyle, Isabel Woodford, David Gregorio, Rosalba O'Brien Organizations: MEXICO CITY, Twitter, Thomson Locations: Bay, Campeche, Gulf of Mexico, Mexico, Handout, MEXICO

☆ Honduras probes Chinese interest in investing in $20 billion rail line
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

Honduras and China have been negotiating a first-ever free trade pact linking their economies. Fredy Cerrato, the Honduran economic development minister, told reporters officials from both countries also discussed infrastructure projects relating to dams and power generation. "We presented (Chinese officials) with the projects that Honduras is interested in getting financed, that are vital for the development of our country," said Cerrato. He added that officials in China, the world's second largest economy, have shown interest in projects developed using both public and private funds. The minister added that proposed train line could be ready in about 15 years.

Persons: Commerce Wang Shouwen, Melvin Redondo, Cerrato, Gustavo Palencia, Kylie Madry, Isabel Woodford, David Gregorio Our Organizations: Commerce, Economic, Palmerola, Foreign Ministry, Central, Thomson Locations: Honduras, Comayagua, TEGUCIGALPA, Honduran, Pacific, China, Central American, Taiwan

MEXICO CITY, July 5 (Reuters) - Mexican airline Viva Aerobus has signed a memorandum of understanding to purchase 90 Airbus A321neo aircraft, the carrier said on Wednesday, in a deal likely worth several billion dollars. The companies did not name a price for the aircraft, and Airbus no longer publishes catalog prices. The agreement brings Viva's order book up to 170 Airbus aircraft, the carrier said in a statement, all part of the A320 family. In April, Viva signed an agreement with SAF producer Neste (NESTE.HE) to purchase 1 million liters of the fuel. Viva said the aircraft order would drive both domestic and international growth plans, taking into account that Mexico is expected to recover a U.S. air safety rating in coming months.

Persons: Pratt, Whitney, Viva, Neste, Aeromexico, Volaris, Kylie Madry, Raul Cortes, Tim Hepher, Bill Berkrot Organizations: MEXICO CITY, Viva Aerobus, Airbus, Paris Airshow, Whitney, Pratt, SAF, U.S . Federal Aviation Administration, U.S, Allegiant, Thomson Locations: MEXICO, Mexico, U.S

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

☆ Heat wave in Mexico leaves at least 100 dead, authorities say
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

[1/5] Paramedics attend to a person during a day of high temperatures, in Ciudad Juarez, Mexico June 27, 2023. A three-week-long heat wave this month strained the energy grid with record demand, forced authorities to suspend classes in some areas and left many Mexicans sweltering. Around 64% of the deaths occurred in northern state of Nuevo Leon bordering Texas. However, some northern cities are still seeing high temperatures. In the state of Sonora, the town of Aconchi saw highs of 49 degrees Celsius (120 Fahrenheit) on Wednesday.

Persons: Jose Luis Gonzalez, Diego Ore, Kylie Madry, Diane Craft Organizations: REUTERS, Jose Luis Gonzalez MEXICO CITY, Thomson Locations: Ciudad Juarez, Mexico, Nuevo Leon, Texas, Tamaulipas, Veracruz, Sonora, Aconchi

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