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☆ Five people in Mexico held over killings of Americans, state prosecutor says
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, March 10 (Reuters) - Five people have been detained in the case of the deadly kidnapping of four Americans in the border state of Tamaulipas, the state's attorney general said on Friday. Government officials found the four Americans on the city's outskirts on Monday, by which time only two were alive. Mexican officials gave the bodies of the two dead men, identified as Shaeed Woodard and Zindell Brown, to U.S. officials on Thursday afternoon. Law enforcement agents in the Latin American country are investigating the possibility that members of a drug cartel kidnapped the four foreigners thinking they were encroaching on their turf. Suspected drug cartel members on Thursday handed over five purported henchmen as a would-be apology for the abduction of the four Americans.

☆ Mexico president rejects 'irresponsible' calls for US military action against cartels
▼ + stars: | 2023-03-09 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

MEXICO CITY, March 9 (Reuters) - Mexican President Andres Manuel Lopez Obrador on Thursday rebuked calls from some U.S. lawmakers advocating military action in Mexico against drug cartels, describing the proposals as threats to Mexican sovereignty. "We are not going to permit any foreign government to intervene in our territory, much less that a government's armed forces intervene," Lopez Obrador said during a regular news conference. The kidnapping of four Americans - two of whom were killed - in a northern border state intensified calls from Republican lawmakers in Washington to take a tougher line on organized crime. "In addition to being irresponsible, it is an offense to the people of Mexico," Lopez Obrador said during the news conference, adding that Mexico "does not take orders from anyone." Lopez Obrador said he would begin a public information campaign aimed at Mexicans in the United States about the Republican-led proposal.

☆ Falling Panama Canal traffic threatens local economy, execs warn
▼ + stars: | 2023-03-08 | by ( Milagro Vallecillos | ) www.reuters.com time to read: +2 min

[1/2] The first trial run with a Post-Panamax cargo ship in the new sets of locks on the Atlantic side of the Panama Canal, in Panama City, Panama June 9, 2016. REUTERS/Carlos JassoPANAMA CITY, March 8 (Reuters) - The amount of cargo passing through the Panama Canal is expected to shrink this fiscal year, the canal's top authority said on Wednesday, with experts warning lower volumes could hurt Panama's economy. The canal is losing out on traffic from ships that once carried fuel and gas from the U.S. to Asia, but now go to Europe and bypass the Panama Canal, Vasquez said at a conference. The number of tonnes passing through the canal reached 518 million in 2022 and 516 million in 2021, according to official data. Reporting by Milagro Vallecillos; Writing by Valentine Hilaire; Editing by Brendan O'Boyle and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Two of four Americans kidnapped in Mexico are alive, two dead
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

[1/3] Mexican authorities search for evidence as they work to locate four Americans who were shot by gunmen and then kidnapped shortly after crossing the border with Brownsville, U.S. Texas, in Matamoros, Mexico March 6, 2023. REUTERS/StringerMEXICO CITY, March 7 (Reuters) - Two of four Americans who went missing on Friday in the Mexican northern border state of Tamaulipas are alive, and two are dead, the state governor said on Tuesday. Separately, a Mexican official told Reuters that two of the men had been found dead. The woman and another man were alive, safe and in the hands of authorities, the official said. The four Americans were in a white minivan when they entered the border city of Matamoros, Tamaulipas, on Friday.

☆ Search underway for four Americans kidnapped in Mexico
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, March 6 (Reuters) - Mexican and U.S. authorities said on Monday they were working to locate four Americans who were shot at by gunmen in northern Mexico and then kidnapped shortly after crossing the border. The armed men allegedly fired on the passengers shortly after their vehicle crossed into Mexico and then herded them into another vehicle before fleeing the scene, the embassy said. A Mexican official told Reuters three men and one woman were kidnapped. Mexico's president said the Americans had crossed into Mexico to buy medication. The FBI is offering a $50,000 reward for the return of the four and the arrest of those involved.

☆ Tesla's new Mexico plant could create up to 6,000 jobs - foreign ministry official
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, March 1 (Reuters) - Electric carmaker Tesla could create 5,000 to 6,000 jobs at a new plant planned for the northern Mexican state of Nuevo Leon, said Martha Delgado, a Mexican deputy foreign minister. Speaking in an interview on Mexican television late on Tuesday, she also said the company is considering building an electric battery plant in central Mexico. Reporting by Daina Beth Solomon; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla plans 6,000 jobs in Mexico and eyes more investment, government says
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

BMW, General Motors and Ford have all recently announced plans to begin or step up EV production in Mexico as automakers transition away from fossil fuels. Tesla Chief Executive Elon Musk is expected to detail his Mexico plans at an Investors Day event on Wednesday at 4 p.m. EST (2100 GMT). "(Musk) is interested in investing more in Mexico," Mexican President Andres Manuel Lopez Obrador said, noting the two had discussed the government's plans to develop the Isthmus of Tehuantepec in southern Mexico when they recently talked. This closeness was very good for them," she told Mexican television. The factory will employ 5,000 to 6,000 people, she added, noting that similar Tesla plants elsewhere employ up to 10,000.

☆ The road to Tesla's first Mexico factory
▼ + stars: | 2023-02-28 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

2022June 13: News outlet Electrek reports that Tesla Chief Executive Elon Musk told workers the company is considering sites in Canada and Mexico for a new factory. Feb. 8: Lopez Obrador says Nuevo Leon and Hidalgo states could be home to a new Tesla plant. Feb. 17: Ebrard says Tesla will soon confirm it has chosen Mexico as a location for a new plant. Feb. 24 and 27: Musk and Lopez Obrador speak in calls as Mexico and Tesla near investment deal. Reporting by Mexico City Newsroom; Writing by Brendan O'Boyle; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico, Tesla near deal on investment after president's phone call- sources
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador earlier revealed he would be talking to the "owner" of Tesla, which officials confirmed meant Musk. "The call went really well," a third Mexican official said. A fourth Mexican official said details of an agreement between Mexico and Tesla would be revealed on Tuesday. Mexico's government has also said the firm is considering investing near a new Mexico City airport. Reporting by Dave Graham and Diego Ore in Mexico City Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president speaks to Tesla's Musk, investment in focus
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador mentioned the call as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials confirmed the president was referring to Musk. One of them said details of the call would be given on Tuesday, echoing remarks made by Lopez Obrador. After Monday's call, one of the officials said Nuevo Leon was still in the running, and that the Mexican government and Tesla were "90 percent" of the way toward reaching agreement. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'Boyle and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president to speak to Tesla's Musk on Monday morning
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowMEXICO CITY, Feb 27 (Reuters) - President Andres Manuel Lopez Obrador is holding a call on Monday morning with Tesla Inc. Chief Executive Elon Musk, two officials said, after the Mexican leader revealed he would be talking to the "owner" of the electric vehicle maker. Lopez Obrador made his remark as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials later confirmed the president was referring to Musk. Those comments marked the strongest sign yet that the president's concerns over water supply could become a deal-breaker for Tesla's plans near the U.S.-Mexico border. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Peru president announces return of ambassador from Mexico
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

LIMA, Feb 24 (Reuters) - Peru's President Dina Boluarte announced on Friday the return of the country's ambassador in Mexico in response to comments from her Mexican counterpart branding her government as unconstitutional. Boluarte said the remarks made earlier on Friday by Mexican President Andres Manuel Lopez Obrador about her administration go against the international right to non-interference. Boluarte accused Lopez Obrador of backing Castillo's attempt at a "coup d'etat." Lopez Obrador told a news conference on Friday that Mexico will keep supporting Castillo, as he was "illegally ousted." Boluarte's remarks come after a meeting between Lopez Obrador and Castillo's wife, Lilia Paredes, in Mexico earlier this week.

☆ Pemex hit by fires at three facilities in one day
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

[1/5] Emergency services work as smoke rises following a pipeline explosion at the facilities of state-owned oil company Pemex, according to local authorities, in Ixhuatlan del Sureste, Veracruz state, Mexico, February 23, 2023 in this still image taken from video obtained from social media. Samy Rodriguez/Perfil Regional/via REUTERSCompanies Petroleos Mexicanos FollowMEXICO CITY, Feb 23 (Reuters) - Three fires broke out on Thursday at different facilities in Mexico and the United States operated by state-owned Mexican oil company Pemex, leaving five missing and eight others injured as of Thursday evening. Pemex confirmed in a later statement on Thursday evening that a separate fire at its Minatitlan refinery, also in Veracruz, was under control after injuring five people. A third fire was also reported Thursday by a community alert at a unit at Pemex's Deer Park, Texas, oil refinery. Earlier this week, at least two people died after a vehicle collision inside a Pemex refinery in the Mexican state of Hidalgo, according to local media reports.

☆ Tattooed Mexican cat seeks new home after life behind bars
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Jose Luis GonzalezMEXICO CITY, Feb 22 (Reuters) - Wanted: A new home for a one-of-a-kind feline in Mexico. Authorities say they are now looking for the right family to take the cat, which is not for sale, into their home. "The cat is very sociable, and is in great shape, with no infections," Cesar Rene Diaz, ecology director for the city of Juarez, told Reuters. A committee of city authorities will make the final decision about the adoption before presenting the cat to its new family in a ceremony on March 1. Reporting by Reuters TV; Writing by Brendan O'Boyle; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico's Televisa posts Q4 net loss, dragged by TelevisaUnivison, Sky
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Feb 23 (Reuters) - Grupo Televisa , Mexico's largest broadcaster, reported on Thursday a net loss in the fourth quarter of 13.75 billion pesos ($705 million), hurt by losses related to TelevisaUnivison and declines in its satellite TV unit. The result compares with a net profit of 3.7 billion pesos in the year-earlier period, according to a statement filed with the Mexican stock exchange. The company's revenue increased 1.6% from the year-earlier period to 19.13 billion pesos, slightly missing the Refinitiv forecast of 19.28 billion pesos. Televisa has tried to revamp Sky, launching a new mobile service with AT&T in July which executives said would boost the unit's revenue in the coming years. Mexico's Megacable in December rejected an offer by Televisa to merge the companies' pay TV and broadband operations.

☆ Mexico's Grupo Bimbo sees Q4 net profit skyrocket to 30.2 billion pesos
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, Feb 22 (Reuters) - Mexican breadmaker Grupo Bimbo's (BIMBOA.MX) net profit increased to 30.234 billion pesos in the fourth quarter of 2022 from 4.824 billion pesos in the year earlier period, according to a filing published Wednesday. Company revenue totaled 109 billion pesos, a jump from the 94.550 billion pesos reported the same period a year before. Reporting by Valentine Hilaire and Marion Giraldo; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico's Grupo Bimbo's Q4 net profit surges aided by sales, Ricolino deal
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 22 (Reuters) - Mexican breadmaker Grupo Bimbo's (BIMBOA.MX) net profit surged 526% in the fourth quarter of 2022 from the year-earlier period, driven by rising sales and the exit of its Ricolino unit, according to a filing published Wednesday. Grupo Bimbo's net profit totaled 30.23 billion pesos ($1.5 billion). Company revenue totaled 109 billion pesos, a 15% jump from the year before, aided by a favorable price mix and higher sales volumes, the filing said. Adjusted earnings before interests, tax, depreciation and amortization stood at 14.64 billion pesos, up 12% from the previous October to December period. ($1= 19.5089 Mexican pesos at end December)Reporting by Valentine Hilaire and Marion Giraldo; Editing by Brendan O'Boyle and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. agrees to extradite former Peruvian President Toledo, says Peru
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

LIMA, Feb 21 (Reuters) - Peru's attorney general's office said on Tuesday on Twitter that the U.S. State Department had agreed to extradite former Peruvian President Alejandro Toledo on corruption charges. Toledo, 76, was arrested in the United States in 2019 after Peru formally requested his extradition. Last August, the U.S. Department of Justice said it would return to Peru about $686,000 seized from Toledo. Federal prosecutors in the New York City borough of Brooklyn said Odebrecht had paid Toledo $25 million in bribes for highway construction contracts. Peru has faced a wave of corruption scandals related to the Odebrecht case in recent years.

☆ Brazil's vaccine-skeptic Bolsonaro got the shot, document indicates
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Feb 17 (Reuters) - A health ministry record indicates that former Brazilian President Jair Bolsonaro, a vocal skeptic of COVID-19 vaccines who vowed to never get the jab, may have received one in 2021, the country's comptroller general's office said on Friday. The office said it was examining a vaccine card provided by the health ministry recording the far-right former president's vaccination, though in a statement it cautioned that the card could have been altered. It said it had sought information about Bolsonaro's vaccination record from the health ministry following last month's inauguration of new leftist President Luiz Inacio Lula da Silva. "The record exists, that's as much as we know," comptroller general's office head Vinicius Carvalho said during an interview with CNN Brazil. Reporting by Maria Carolina Marcello; Writing by Brendan O'Boyle; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

☆ Peru Congress moves to allow corruption charge of ex-President Castillo
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

LIMA, Feb 17 (Reuters) - Peru's Congress passed a constitutional complaint on Friday against ousted former President Pedro Castillo for alleged corruption, a step towards a formal judicial charge. Castillo has been held in pre-trial detention in Lima since his abrupt Dec. 7 ouster and arrest after he tried to illegally shutter Congress to avoid impeachment over the corruption accusations, which he denies. Friday's complaint allows Attorney General Patricia Benavides to formally accuse Castillo before Peru's judiciary. During the congressional debate, Castillo, via his lawyer Eduardo Pachas, declined to present a defense, saying that he wanted to participate in person. Pachas only reiterated Castillo's denial of corruption and denial of the charge that he belonged to a criminal organization.

☆ Tesla's Musk to hold call with Mexico president, factory announcement imminent -Ebrard
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 17 (Reuters) - Electric vehicle maker Tesla Inc (TSLA.O) will soon confirm it has chosen Mexico as a location for a new plant, and CEO Elon Musk is planning to speak with Mexican President Andres Manuel Lopez Obrador, Mexico's top diplomat said on Friday. He declined to give a time for the phone call or the location for Tesla's Mexico investment. "It will be talked about in the call," said Ebrard, who spoke at an event with Mexican business leaders. Several potential sites have been pitched for Tesla's move to Mexico, with Lopez Obrador saying earlier this month that the states of Nuevo Leon and Hidalgo were leading the race. Reporting by Ana Isabel Martinez in Mexico City Additional reporting by Daina Beth Solomon in Mexico City Writing by Kylie Madry and Stephen Eisenhammer Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Ride-hailing app Cabify shutters Ecuador operations
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

Feb 15 (Reuters) - Ride-hailing application Cabify will end its operations in Ecuador in mid-March after a "constant process of analysis" on the market, the company said on Wednesday. Late last year, the company, which says it has more than 42 million registered users, said it would invest $300 million through 2024 to expand its presence in Latin America. It did not specify how many users or drivers were affected by the closure in Ecuador. Cabify, which is headquartered in Spain and a considered a "unicorn," a start-up with a valuation above 1 billion euros, is planning to go public soon. Reporting by Valentine Hilaire; Writing by Kylie Madry; Editing by Brendan O'Boyle and Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.

☆ IMF says El Salvador's bitcoin risks have not materialized but 'should be addressed'
▼ + stars: | 2023-02-11 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

Feb 10 (Reuters) - Risks over El Salvador's embrace of bitcoin "have not materialized," but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a statement after a visit to the Central American country. "Given the legal risks, fiscal fragility and largely speculative nature of crypto markets, the authorities should reconsider their plans to expand government exposures to bitcoin," the IMF said in a statement. El Salvador's move to make bitcoin legal tender in September 2021 effectively closed the doors to IMF financing. El Salvador's Congress last month passed a law regulating the issuance of digital assets by both the state and private entities. The IMF highlighted the "full recovery" of El Salvador's economy to pre-pandemic levels, "driven by the effective government response to the health crisis."

It is the worst violence in Peru in two decades and threatens to destabilize one of region's most reliable economies. Armas' comments come a day after the central bank maintained its benchmark interest rate at 7.75%, making it the first time since the second half of 2021 that the bank did not hike its rate. On Thursday, the International Monetary Fund called inflation Peru's most immediate policy challenge, in a statement following a staff visit to the country. Armas highlighted that inflation was seen to be on a "downward" trend, with January's figures slightly better than expected. The bank now forecasts inflation for early 2024 to reach 4.62%, above the previous forecast of 4.3%.

LIMA, Feb 4 (Reuters) - As deadly protests rage across Peru, a political battle is unfolding inside the halls of Congress, walled off from the streets by hundreds of police, armored vehicles and a maze of gates. Despite the violence, and despite polls that show the majority of Peruvians want the election brought forward, Congress appears to be in deadlock. Reuters spent the last week inside the 130-seat Congress in capital Lima, talking to lawmakers to ask why Peruvian politics seems to be in such a mess. "There is little agreement within political parties as to what to do," said Peruvian political analyst Andrea Moncada. "If we have elections in a year or by some miracle by the end of this year, the parties registered to participate are the same ones that are in Congress right now."

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