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MEXICO CITY, June 28 (Reuters) - Mexico may repurchase about $4.2 billion in outstanding bonds issued to finance a partly built Mexico City airport that was later canceled, a senior official said on Wednesday. His government bought back $1.8 billion of $6 billion in bonds issued to pay for the airport. The project was meant to alleviate pressure on the capital's hub, Mexico City International Airport (AICM). Lopez Obrador now wants the Mexican Navy to take charge of AICM. To repay the outstanding bonds, the government has pulled revenue from the AICM usage tax.
Persons: Rogelio Jimenez Pons, Andres Manuel Lopez, Lopez Obrador, Felipe, Jimenez, Kylie Madry, Gerry Doyle Organizations: MEXICO CITY, International, Felipe Angeles International Airport, Mexican Navy, Navy, Thomson Locations: MEXICO, Mexico, Mexico City, AICM
The Mexico City International Airport (AICM) currently sits under the transportation ministry, though the navy has already taken over security operations, including customs. "There's more security, more certainty, the rules are followed better, there's more discipline," with the navy in charge of the airport, Velazquez told reporters on Tuesday. The money currently goes to a fund to pay off bondholders who financed the construction of an airport canceled by Lopez Obrador in favor of building the Felipe Angeles airport on the outskirts of the capital. The little-used, one-year-old Felipe Angeles airport, one of the president's largest public works projects, is also on an active military base. In May, the AICM moved nearly 4 million passengers, according to data from the national aviation authority, while Felipe Angeles airport's passenger numbers were almost 95% lower.
Persons: Andres Manuel Lopez Obrador, Carlos Velazquez, Velazquez, Benito Juarez, Lopez Obrador, Felipe, Kylie Madry, Jamie Freed Organizations: MEXICO CITY, Mexico City International, Thomson Locations: MEXICO, Mexico, Felipe Angeles
PANAMA CITY, June 23 (Reuters) - The Panama Canal will postpone depth restrictions that were set to affect the largest ships crossing the key waterway, the canal authority said, after much-needed rain provided relief to the strained maritime passage. However, rains are expected to dump between 70 mm (2.76 in) and 80 mm (3.15 in) of precipitation into the Panama Canal basin over the next 72 hours, according to the country's weather service. Neo-Panamax ships can continue to sail at the previous depth limit of 44.0 feet (13.41 m) and Panamax ships can move at 39.5 feet (12.04 m), the canal authority said in an advisory to customers seen by Reuters. The canal authority had previously announced another tightening, set for July 19, but did not refer to this in its client advisory. Since the beginning of the year, the canal had instituted a number of depth restrictions as a drought, caused by the El Nino weather phenomenon, had put pressure on its water supplies.
Persons: Eli Moreno, Kylie Madry, Diane Craft Organizations: PANAMA CITY, Reuters, El, Thomson Locations: PANAMA, Panama
[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File PhotoPANAMA CITY, June 21 (Reuters) - The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world's busiest trade passages, the canal authority's administrator said on Wednesday, citing shallower waters due to drought. Ship traffic, including container ships and oil tankers, using the canal between the Atlantic Ocean and Pacific Ocean accounts for about 3.5% of global trade. Despite the new rules limiting ships' weight, Vasquez said the flow of ships through the canal has carried on as expected so far. The limits will not affect liquefied natural gas (LNG) carriers, as they typically report drafts of up to 37 feet, according to the canal authority.
Persons: Aris Martinez, Ricaurte Vasquez, Vasquez, Eli Moreno, Kylie Madry, Sonali Paul Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Central, Reuters, Port, El Nino, Thomson Locations: Cocoli, Panama, Panama City, Central American, El
TEGUCIGALPA, June 21 (Reuters) - Honduras will return control of most of the country's penal system to the military police for the next year, the Central American country's presidential office said late on Wednesday, a day after a prison riot claimed nearly 50 lives. Honduras will also turn islands hundreds of kilometers off the coast into a penal colony for "highly dangerous" gang leaders, the presidental office said. Castro had promised "drastic measures" to address the deaths at a women's prison, which she attributed to an organized attack by gang members conducted with guards' knowledge. Tuesday's riot likely began in retaliation to recent government measures cracking down on corruption and gang control from within prison walls, authorities said. It also returned control of 21 of the country's 26 prisons to the military police.
Persons: Castro, Mara Salvatrucha, Castro's, Gustavo Palencia, Kylie Madry, Lincoln Organizations: Central American, Police, Thomson Locations: TEGUCIGALPA, Honduras, United States, El Salvador
June 19 (Reuters) - Costs of the first phase of construction at American Lithium's (LI.V) Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700 million, the chief executive of the firm said in an interview. "If you think about the post-COVID world and inflationary pressures, that bill (of $580 million) is probably more like $700 million today," CEO Simon Clarke said. Peru, the world's second-largest copper producer, is vying for a piece of the pie in the booming lithium market. Nearby Chile, Argentina and Bolivia form a so-called "lithium triangle," with massive deposits, but the Canadian-owned Falchani project is currently the only one under way in Peru, where deposits are estimated to be much smaller. If all goes according to plan, construction could begin at Falchani by late 2024 or late 2025, Clarke said, to begin production in late 2026 or early 2027.
Persons: Simon Clarke, Clarke, Kylie Madry, Marco Aquino, Sandra Maler Organizations: Peruvian, Thomson Locations: Peru, Chile, Argentina, Bolivia, Canadian, Falchani
PARIS/MEXICO CITY, June 18 (Reuters) - Airbus (AIR.PA) is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday. "We currently have an ongoing order of A321neo with Airbus with deliveries until 2027," a spokesperson for Viva Aerobus said. "Whilst Viva is a leading and growing ULCC in the Americas, we have not signed any new order with any (manufacturer)." In 2013, it defected from Boeing to Airbus with an order worth up to $4 billion for 40 Airbus A320-family jets after a bitterly fought contest between the two plane giants. Reporting by Tim Hepher and Allison Lampert; Editing by Andrew Heavens Editing by Andrew Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Viva Aerobus, Tim Hepher, Allison Lampert, Andrew Heavens, Mark Potter Organizations: MEXICO CITY, Airbus, Viva Aerobus, Viva, Boeing, Paris, Thomson Locations: PARIS, MEXICO, Mexican, Americas
Mexico interior minister steps down to vie for presidential bid
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +1 min
MEXICO CITY, June 16 (Reuters) - Mexican Interior Minister Adan Augusto Lopez has resigned from his post to compete for the ruling party's candidacy in next year's presidential elections, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador said during a regular press conference that the interior minister had resigned the day before. The president did not immediately name a replacement, but said that Alejandro Encinas, who has led human rights issues for the ministry, would act as interior minister in the interim. Lopez's resignation follows that of former Foreign Minister Marcelo Ebrard, who stepped down earlier this week, and Mexico City Mayor Claudia Sheinbaum, whose last day in office is Friday. Opinion polls so far have tended to give Sheinbaum, who would be Mexico's first female president if she won, a slight edge.
Persons: Adan Augusto Lopez, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez, Alejandro Encinas, Marcelo Ebrard, Mexico City Mayor Claudia Sheinbaum, Raul Cortes, Kylie Madry, Sarah Morland, Cassandra Garrison, Bill Berkrot Organizations: MEXICO CITY, Mexico City Mayor, Regeneration, Thomson Locations: MEXICO, Mexico, MORENA
Candidates enter race for Ecuador's crowded early elections
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +1 min
QUITO, June 14 (Reuters) - Eight candidates have registered to run in Ecuador's presidential elections in August, the electoral court said on Wednesday, kicking off a campaign to fill the spot to be left early by current President Guillermo Lasso. Lasso, in May, dissolved the legislature and cut his term short to avoid impeachment proceedings against him. Those elected in August will hold office until May 2025, when regularly scheduled elections will take place. Indigenous leader Yaku Perez will represent a political coalition in his second run for the presidency. Former Vice President Otto Sonnenholzner, who resigned in 2020 as the coronavirus pandemic ravaged Ecuadorean cities, will also run.
Persons: Guillermo Lasso, Ecuadoreans, Lasso, Rafael Correa's, Luisa Gonzalez, Yaku Perez, Perez, Otto Sonnenholzner, Alexandra Valencia, Kylie Madry, Angus MacSwan Organizations: Lasso, Constituent Assembly, Conservative Social Christian Party, PSC, Thomson Locations: QUITO
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
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
[1/2] El Salvador's President Nayib Bukele delivers a speech to mark his fourth year in office, in San Salvador, El Salvador June 1, 2023. REUTERS/Jessica Orellana/File PhotoSAN SALVADOR, June 7 (Reuters) - El Salvador's Congress passed an electoral reform in the early hours of Wednesday to reduce the lawmaking body's size by nearly a third, a move the ruling party says will reduce spending and critics say consolidates power ahead of elections. The reform, announced last week by President Nayib Bukele in an address marking four years in government, cuts the unicameral Congress' size from 84 lawmakers to 60. Presidential and legislative elections will be held in February, with municipal and regional Central American Parliament elections scheduled for March. In 2021, El Salvador's top court, whose members are appointed by Congress which is controlled by the president's party, ruled that Bukele could stand for re-election, a decision that drew international condemnation.
Persons: Nayib Bukele, Jessica Orellana, Bukele, Anabel Belloso, Nelson Renteria, Kylie Madry, Bill Berkrot Organizations: El, San Salvador , El, REUTERS, SALVADOR, Salvador's Congress, FMLN, Central American, Thomson Locations: San Salvador ,, San Salvador , El Salvador, Congress, El
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
El Salvador partnership to build $1 billion bitcoin mining farm
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +2 min
SAN SALVADOR, June 5 (Reuters) - A public-private partnership in El Salvador will pump $1 billion into creating one of the world's largest bitcoin mining farms, the group called Volcano Energy announced on Monday. Volcano Energy said the funds would go toward an estimated 241 MW power generation park using solar and wind energy in the northwestern municipality of Metapan, which will eventually power the bitcoin mining farm. Bitcoin mining uses high-power computers hooked up to a global network, sucking up massive amounts of electricity in the process. The El Salvador government will have "a preferred participation equivalent to 23% of the revenues" in the project, Volcano Energy said, with private investors holding 27%. Reporting by Nelson Renteria in San Salvador and Kylie Madry in Mexico City; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
Persons: Nayib Bukele, Josue Lopez, Max Keiser, Nelson Renteria, Kylie Madry, Aurora Ellis Organizations: SALVADOR, Volcano Energy, Salvadoran, Reuters, International Monetary Fund, El, U.S ., Thomson Locations: El Salvador, Salvador's, Metapan, San Salvador, Mexico City
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
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
REUTERS/Marco AquinoLIMA, June 1 (Reuters) - Peru's key copper projects are moving forward and the country is optimistic about remaining the world's second-largest copper producer, its mining minister said on Thursday, fending off a rise in the ranks by the Democratic Republic of Congo. Mining Minister Oscar Vera expressed confidence Peru's copper industry can boost output of the key industrial metal as mines worth some $6 billion come online over the next two years. Congo's copper output has accelerated rapidly and pulled almost even with Peru, while a report this week said Congo could grab the No. 2 spot as Peru's output slows. Vera said Peru mining projects on the horizon include the $1.5 billion Zafranal mine and the $2.5 billion Yanacocha Sulfuros project controlled by Newmont Mining Corp (NEM.N).
Persons: Marco Aquino LIMA, Oscar Vera, Vera, Newmont, Marco Aquino, Kylie Madry, David Alire Garcia, Edmund Klamann Organizations: REUTERS, Democratic, Democratic Republic of Congo . Mining, Newmont Mining Corp, Aluminum Corp, Thomson Locations: Tapairihua, Peru's Andes, Democratic Republic of Congo, Peru, Congo, Chile
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
PANAMA CITY, May 30 (Reuters) - The number of child migrants crossing a dangerous stretch of jungle dividing Colombia and Panama has rapidly increased during the first four months of this year, the United Nations Children's Fund (UNICEF) said on Tuesday. The thick jungle terrain of the Darien Gap, which is also home to roving bands of criminals, has become a key transit point for thousands of mostly U.S.-bound migrants setting out in search of better lives from South America. A record 25,431 children and teens, both accompanied and unaccompanied, entered Panama through the Darien Gap between January and April, according to a statement from UNICEF provided to Reuters. Adding to the already dangerous conditions, minors are increasingly arriving in Panama without an adult or guardian after crossing the Darien Gap, UNICEF said. That compares with under three a day last year, according to Reuters calculations based on UNICEF data.
Persons: Eli Moreno, Kylie Madry, David Alire Garcia, Jamie Freed Organizations: PANAMA CITY, United Nations Children's Fund, UNICEF, Reuters, Thomson Locations: PANAMA, Colombia, Panama, Darien, South America
PANAMA CITY, May 30 (Reuters) - The number of child migrants crossing a dangerous stretch of jungle dividing Colombia and Panama has rapidly increased during the first four months of this year, the United Nations Children's Fund (UNICEF) said on Tuesday. The thick jungle terrain of the Darien Gap, which is also home to roving bands of criminals, has become a key transit point for thousands of mostly U.S.-bound migrants setting out in search of better lives from South America. A record 25,431 children and teens, both accompanied and unaccompanied, entered Panama through the Darien Gap between January and April, according to a statement from UNICEF provided to Reuters. Adding to the already dangerous conditions, minors are increasingly arriving in Panama without an adult or guardian after crossing the Darien Gap, UNICEF said. That compares with under three a day last year, according to Reuters calculations based on UNICEF data.
Persons: Eli Moreno, Kylie Madry, David Alire Garcia, Jamie Freed Organizations: PANAMA CITY, United Nations Children's Fund, UNICEF, Reuters, Thomson Locations: PANAMA, Colombia, Panama, Darien, South America
Argentina's ruling Peronist party wins provincial elections
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +1 min
May 14 - Argentina's ruling Peronist party posted strong wins in elections Sunday, appearing to hold control over three provinces just months ahead of presidential elections in which support for the party is flagging. The results come as a relief to President Alberto Fernandez's ranks as economic unrest has shaken the party's hold over the country. Fernandez has said he is not seeking re-election, however a Peronist coalition is still aiming to hold onto power. Although the outcome is good news for the party, its fate in the presidential elections will likely be decided in more populous provinces, such as Buenos Aires, Cordoba, Santa Fe and Mendoza. Reporting by Maximilian Heath; Writing by Kylie Madry; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
Tractor trailer crash in Mexico kills 13
  + stars: | 2023-05-14 | by ( ) www.reuters.com   time to read: 1 min
[1/2] Members of the State Guard gather at the site of a crash, in the Victoria-Zaragoza highway, Tamaulipas, Mexico, May 14, 2023 in this still image from video obtained from social media. Entorno... Read moreMEXICO CITY, May 14 (Reuters) - A tractor trailer and a van crashed on a highway in the northern Mexican state of Tamaulipas on Sunday morning, killing 13 people, local authorities said. The two vehicles crashed about half an hour outside of the state capital Ciudad Victoria and then caught on fire, the Tamaulipas' public security ministry said. Once authorities arrived at the site of the crash, they found the truck carrying the trailer was no longer at the scene. Reporting by Kylie Madry Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Tractor trailer crash in Mexico kills 26
  + stars: | 2023-05-14 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Members of the State Guard gather at the site of a crash, in the Victoria-Zaragoza highway, Tamaulipas, Mexico, May 14, 2023 in this still image from video obtained from social media. Entorno... Read moreMEXICO CITY, May 14 (Reuters) - A tractor trailer and a van crashed on a highway in the northern Mexican state of Tamaulipas on Sunday morning, killing 26 people, local authorities said. Once authorities arrived at the site of the crash, they found the truck carrying the trailer was no longer at the scene. A source at the Tamaulipas prosecutors' office said investigators were unsure whether the driver of the truck had fled or if he was also killed in the crash. The victims are all thought to be Mexicans as national IDs have been recovered from the scene, the source said.
MEXICO CITY, May 9 (Reuters) - Mexican President Andres Manuel Lopez Obrador on Tuesday criticized the country's judiciary as "rotten," one day after the Supreme Court invalidated part of a set of electoral reforms he had championed. The Supreme Court on Monday voted 9-2 to strike down a measure curbing elections authority INE's ability to police political communications. Critics of the elections overhaul have warned it will weaken democracy in a country set to hold presidential elections next year. Lopez Obrador has frequently attacked the agency, saying it allowed voter fraud to rob him of the 2006 and 2012 presidential elections. He has also squared off with Supreme Court justices, arguing they do not represent the people in the way lawmakers do.
WASHINGTON, May 9 (Reuters) - The United States on Tuesday imposed sanctions on a son of former Mexican drug kingpin Joaquin "El Chapo" Guzman, the Treasury Department said. El Chapo, who was leader of the Sinaloa Cartel, is currently serving a life sentence in a U.S. prison. Mexican President Andres Manuel Lopez Obrador has denied the presence of fentanyl labs in the country, alleging it comes from China. Guzman Lopez's cousin, Saul Paez Lopez, was also sanctioned for his alleged role in coordinating drug shipments. Washington also sanctioned Mario Esteban Ogazon Sedano, saying he purchased precursor chemicals from Ludim Zamudio Lerma to operate drug labs.
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