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

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

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

☆ Gold mine fire in Peru kills 27
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +1 min

LIMA, May 6 (Reuters) - A fire in a small gold mine in southern Peru has left 27 people dead, authorities said on Sunday, in the country's single deadliest mining accident in more than two decades. Images on local media and on social media showed dark plumes of smoke pouring out of the site. "It's been confirmed by the Yanaquihua police station, there are 27 dead," local prosecutor Giovanni Matos told local television on Sunday. Peru is the world's top gold producer and second-largest copper producer. According to data from Peru's ministry of energy and mines, the incident is the single deadliest mining accident since 2000.

☆ Paraguay presidential candidate Cubas arrested after post-election protests
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

[1/3] Paraguayo Cubas, who placed third in Paraguay's presidential elections last week, talks to police officers after his arrest, in Asuncion, Paraguay, May 5, 2023. REUTERS/Cesar OlmedoASUNCION, May 5 (Reuters) - Paraguayo Cubas, who placed third in Paraguay's presidential elections, has been arrested following post-election protests, authorities said on Friday. Cubas led protests to dispute Sunday's election results and call for a recount, though international organizations said there was no reason to doubt the integrity of the vote. "All the criminals in this country should be handcuffed like Paraguayo Cubas," he added as he got into a patrol car. Cubas had announced plans for renewed protests after his arrival in the capital.

☆ Mexico's FEMSA Q1 revenues surge, driven by strong sales
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, April 28 (Reuters) - Mexico's FESMA , which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, posted a 22% jump in its first-quarter revenue Friday to 180 billion pesos, driven by strong sales in its key businesses. Sales in the region were seen "widely outpacing the industry," Group CEO Daniel Rodriguez said in a statement. The company's fintech arm, Spin by Oxxo, saw growth of 1.1 million new users in the quarter, taking its total user base to 6.4 million, while total monthly transactions were up 22%. The company's subsidiary, Coca-Cola FEMSA, meanwhile reported a 35% bump in quarterly net income earlier this week following strong growth in Mexico, Brazil, Guatemala and Uruguay. ($1 = 18.0201 pesos by end-March)Reporting by Valentine Hilaire and Noe Torres; Writing by Kylie Madry; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. trade consultations on Mexico's GMO corn rule 'unacceptable violation' of law -Mexican official
▼ + stars: | 2023-04-27 | by ( Adriana Barrera | ) www.reuters.com time to read: +2 min

MEXICO CITY, April 27 (Reuters) - Trade consultations requested by the United States on Mexico's plan to limit the use of genetically modified corn are an "unacceptable violation" of Mexican law and feed the interests of seed "oligopolies," a top Mexican official said on Thursday. The United States, Mexico's main trading partner, requested the consultations in early March under the United States-Mexico-Canada (USMCA) agreement, which calls for a science-based approach to domestic regulations. "The United States' request to Mexico follows the interests of seed, agrochemical, and other food-producing oligopolies," said Mexican Deputy Agriculture Minister Victor Suarez. Washington requested consultations after Mexico softened an original plan to ban GMO corn across the board and instead opened its use for animal feed and industrial use. The Mexican policy "does not affect U.S. corn producers in any way," Suarez said, contradictory to the U.S.' claims.

☆ Guatemala's Giammattei to visit Taiwan April 24-26
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Guatemalan President Alejandro Giammattei will visit Taiwan April 24 to 26, his office said Friday, following a recent visit by Taiwanese leader Tsai Ing-wen to Guatemala. Giammattei will also speak at Taiwan's parliament and meet with Vice President William Lai, his office said. He is scheduled to give a joint conference following a meeting with President Tsai as well. On Wednesday, China's foreign ministry warned Guatemala to not aid Taiwan's "independence attempts." China maintains that Taiwan is part of its territory, which Taiwan disputes.

MG Motor's hybrid eHS model is set to hit Mexico's streets on Friday, alongside two combustion-engine models, the company said. However, hybrid models could be a step forward until there is more EV investment, analysts have said. "For your day-to-day, you'll have the benefits of an electric vehicle," Daniel Nava, vice president of MG Motor in Mexico, told Reuters ahead of the announcement. Nava said the price in Mexico reflects that the model is a plug-in hybrid, which is more costly than other hybrid models, and is comparable to competitors' prices. Nava said MG Motor had been in touch with officials in Nuevo Leon as well as other states as it considered building a plant in the country.

☆ Search suspended for US sailors last seen in northwest Mexico, Coast Guard says
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

[1/3] A view of the marina where three American sailors left earlier this month to San Diego, U.S. before went missing, as authorities suspended their search, in Mazatlan, Mexico April 20, 2023. REUTERS/Eduardo ResendizMEXICO CITY, April 20 (Reuters) - The search for three American sailors last seen in northwest Mexico has been suspended by the Mexican Navy and the U.S. Coast Guard, a Coast Guard spokesperson told Reuters on Thursday. The three sailors, identified as Kerry O'Brien, Frank O'Brien and William Gross, were last seen on April 4 in the northwestern state of Sinaloa, the Coast Guard said last week. Los Angeles-based Coast Guard spokesman Richard Uranga told Reuters that after the Mexican Navy had suspended their search, the U.S. Coast Guard had followed suit. Uranga said he did not have further information on why the search was called off.

☆ Mexico Supreme Court strikes down law to put National Guard under Army control
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, April 18 (Reuters) - Mexico's Supreme Court on Tuesday ruled unconstitutional the transfer of control over the country's civilian-led National Guard to the Army, a move which had sparked fears from critics and activists of increasing militarization of public security. In a move backed by President Andres Manuel Lopez Obrador, Congress last year passed a reform to put the Army in control of the National Guard. The reform gave the Army operational, financial and administrative control of the National Guard, which had previously been under Mexico's security ministry. The ruling passed with eight votes in favor and three against. Reporting by Raul Cortes; Writing by Kylie Madry; Editing by Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.

MEXICO CITY, April 13 (Reuters) - The airport operating business in Mexico is thriving as traffic surges due to multinational companies bringing overseas operations closer to home and growth at Mexican airlines, according to the head of GAP, which operates 12 airports in the country. Manufacturing hubs such as Guadalajara have seen record traffic growth due to the relocation trend, called nearshoring, CEO Raul Revuelta told Reuters in an interview late Wednesday. "But it's also Mexican airlines, VivaAerobus, Volaris, Aeromexico, expanding their fleets, which allows them to open new routes and move more passengers." The downgrade has prevented Mexican airlines from opening new routes to the United States, limiting expansion plans. The passage of a proposed aviation reform by Mexico's Congress will be an important step, he added.

☆ Prosecutors probe Mexico immigration chief over fire that killed 40 migrants
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

[1/5] A view shows migrants camp outside the immigration detention center where several migrants died after a fire broke out at the center, in Ciudad Juarez, Mexico April 10, 2023. The fire, which authorities say began after one or more of the migrants set alight mattresses as a protest, claimed the lives of 40 male migrants, most of them from Central America. "Today we discussed the possibility of some being accused of negligence, others of homicide," Lopez Obrador said, noting prosecutors have yet to give more details of the probe. Lopez Obrador said Tuesday the migrants were unable to escape from the facility located near the U.S. border because the person holding the key to their cell was absent. The prosecutors' statement Tuesday accused top immigration officials of failing to "watch over, protect and ensure the safety of the people and facilities in their charge."

☆ Missing key to cell sealed fate of migrants in Mexico fire, president says
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jose Luis GonzalezMEXICO CITY, April 11 (Reuters) - The 40 migrants who died in a fire at a detention center in Mexico last month were unable to escape because the person with the key to their locked cell was absent, Mexican President Andres Manuel Lopez Obrador said on Tuesday. "The door was locked, because the person with the key wasn't there," Lopez Obrador told a regular news conference. Five people so far have been arrested, including private security personnel and agents from Mexico's National Migration Institute, and another arrest warrant is still pending. Hearses carrying the bodies of victims from Guatemala and Honduras were taken to the Ciudad Juarez airport to be repatriated on Tuesday. Reporting by Kylie Madry, Writing by Daina Beth Solomon; Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

☆ Magnitude 5.3 quake strikes Mexico, no major damage or injuries reported
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: 1 min

[1/2] People stand on the street during a quake alarm in Mexico City, Mexico, April 3, 2023. The epicenter of the quake was near the Pacific beach resort of Puerto Escondido, in southern Oaxaca state, according to the USGS. Shortly after the quake, Oaxaca Governor Salomon Jara wrote on Twitter that no damages had been detected in the state. In nearby Morelos, Puebla and Mexico City, authorities also ruled out damages. Reporting by Kylie Madry and Sarah Morland; Editing by Himani Sarkar and David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico sees growth of up to 3% this year, eyes nearshoring boost
▼ + stars: | 2023-03-31 | by ( Anthony Esposito | ) www.reuters.com time to read: +3 min

Mexico's inflation rate by the end of this year is seen slowing to 5.0%, and then to 4.0% by the end of 2024. Mexico's central bank raised rates 25 basis points to 11.25% Thursday, but hinted the hiking cycle could be nearing its end. Mexico is also primed to benefit from private investment fueled by "nearshoring," the trend of moving production to North America and away from Asia, the ministry said. Nearshoring could add up to 1.2 percentage points to GDP the ministry said, without specifying a time frame. In particular, the ministry anticipated a boost to foreign investment in manufacturing, and said the automotive industry was a "natural candidate" to take advantage of nearshoring.

☆ Mexico denies cartels control parts of country, rejecting Blinken remark
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

"That is false," Lopez Obrador said in a regular news conference. Blinken had also said that the opioid fentanyl coming from Mexico was killing both Americans and Mexicans. Lopez Obrador has denied in recent days that Mexico is responsible for the quantities of the drug coming into the United States. "More fentanyl reaches the United States and Canada directly than reaches Mexico," Lopez Obrador said last week. "I can tell Mr. Blinken, we're constantly destroying labs," Lopez Obrador said.

☆ Argentina to push state entities to give up dollar bonds -ministry official
▼ + stars: | 2023-03-22 | by ( Eliana Raszewski | ) www.reuters.com time to read: +2 min

BUENOS AIRES, March 21 (Reuters) - Argentina's government will push state entities to give up their foreign-law sovereign dollar bonds, an economy ministry official said on Tuesday, aiming to reduce exchange rate volatility and absorb a surplus of pesos. The government, expected to announce the measures by decree on Wednesday, will seek to withdraw foreign-law dollar bonds from state entities and make them place a portion of their local-law dollar bonds on the open market, the official said on condition of anonymity. The government aims to exchange some $4 billion in foreign-law bonds for peso debt, local news outlet Infobae said. State entities that previously bought government bonds would give up some local-law dollar debt to the market, with the rest returned to the central government. They would also return their foreign-law dollar debt, to be exchanged for local-currency debt.

☆ El Salvador Congress extends year-long anti-gang crackdown
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

SAN SALVADOR, March 16 (Reuters) - El Salvador's Congress passed yet another extension suspending some constitutional rights in the Central American country's year-long fight against gangs late Wednesday. [1/3] Gang members wait to be taken to their cell after 2000 gang members were transferred to the Terrorism Confinement Center, according to El Salvador's President Nayib Bukele, in Tecoluca, El Salvador, in this handout distributed to Reuters on March 15, 2023. "We need to keep fighting criminal groups, we need to give assurance to Salvadoran families, for their lives and their property." Since the measure was enacted, extortion cases have dramatically dropped, and El Salvador has gone 215 days without a murder reported, according to the government. El Salvador has the highest incarceration rate in the world.

☆ LatAm has 'resilient' financial system, IDB president says after SVB collapse
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

PANAMA CITY, March 15 (Reuters) - Latin America has a "very resilient and well-managed" financial system, Inter-American Development Bank President Ilan Goldfajn said on Wednesday, following the collapse of Silicon Valley Bank, which has roiled markets. "We hope that we are prepared for what is coming in the region," Goldfajn added, speaking at an IDB meeting in Panama City. Stocks and currencies in the region tumbled on Wednesday as traders showed worries over the stability of Swiss lender Credit Suisse (CSGN.S) following the crash of Silicon Valley Bank, raising international fears of financial contagion. "We're going to learn a lot in coming weeks and months about how to get through this period," Goldfajn said. He added that IDB leaders would meet to discuss the development bank's macroeconomic outlook and the impact of inflation, as well as risks to the region's financial systems.

TEGUCIGALPA, March 15 (Reuters) - Honduras' decision to seek official relations with China and cut them with Taiwan on Tuesday was about "pragmatism, not ideology," driven by rising debt and investment needs, Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday. China does not allow countries to hold diplomatic ties with both itself and Taiwan as it claims Taiwan as its own territory with no right to state-to-state ties, which Taiwan disputes. Speaking on local television, Reina said Honduras was "up to its neck" in financial issues and debt - including the $600 million it owes Taiwan - and this had partly motivated Honduras' decision to open relations with China. Honduras' decision puts pressure on Taiwan ahead of a visit by Taiwan President Tsai Ing-wen to the U.S. and Central America. Honduras intends to keep trade ties with Taiwan, however, Reina added during his television appearance.

☆ Despite constitutional ban, Salvadoran leader heavily favored for reelection, poll shows
▼ + stars: | 2023-03-14 | by ( Nelson Renteria | ) www.reuters.com time to read: +2 min

SAN SALVADOR, March 14 (Reuters) - Nearly 70% of Salvadorans favor popular President Nayib Bukele's bid for a second term, a local newspaper poll showed on Tuesday, despite an explicit constitutional prohibition against serving consecutive terms. In September, Bukele announced he would run for reelection, defying the Central American country's constitution's longstanding ban. The Supreme Court, filled with recently-installed Bukele-backed judges, ruled in 2021 that a consecutive term was allowed, citing Bukele's human right to run. "Salvadorans remain divided on whether the constitution allows immediate re-election," newspaper La Prensa Grafica said in the poll. The poll, conducted in February, showed 68% of the 1,500 respondents supported Bukele's reelection, with 13% against.

☆ Mexico's top diplomat stresses cooperation with U.S. versus intervention
▼ + stars: | 2023-03-11 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 10 (Reuters) - Mexico's top diplomat on Friday criticized comments by former U.S. Attorney General William Barr, who had called for increased U.S. involvement in Mexico to tackle drug cartels, saying Mexico "will never allow its sovereignty to be violated." Barr's opinion piece compared Mexico's "narco-terrorist" cartels to the jihadist Islamic State and backed a Republican proposal to give the U.S. president the power to send the military to fight against the cartels. Mexican President Andres Manuel Lopez Obrador rejected the calls for U.S. intervention Thursday, calling them "irresponsible." "We need an effective drug policy, and the illegal flow of weapons into Mexico must stop," Ebrard added. Reporting by Kylie Madry Editing by Chris Reese and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ Peru court doubles detention time for ex-President Castillo
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

March 9 (Reuters) - A judge in Peru extended ex-President Pedro Castillo's pre-trial detention term to 36 months, up from 18 months, on Thursday, following the former leader's ouster and jailing for illegally attempting to dissolve Congress in December. The three-year detention ruling is related to accusations of organized crime, influence peddling and being an accomplice to collusion committed during Castillo's turbulent 17-month stint in office. "I emphatically, and categorically, deny being the leader or part of a criminal network," Castillo said in a virtual hearing. The court also handed down three years of pre-trial detention to Juan Silva, Castillo's former transportation minister, who has been on the run since last year. Castillo's former housing minister, Geiner Alvarado, who also served as transportation chief after Silva's exit, will remain free for the moment, the court ruled.

☆ Honduras lifts decade-long ban on 'morning after pill'
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

Castro, the country's first female president, took office last year after running on the promise of rolling back the country's restrictive reproductive policies. Honduras, a heavily Catholic nation, banned the use and sale of the morning after pill in 2009, arguing the emergency contraception would cause abortions. Castro, who signed the order on International Women's Day, tweeted that the morning after pill was "part of women's reproductive rights, and not abortive," citing the World Health Organization. The year before Castro took office, Honduras' Congress passed a constitutional reform to protect anti-abortion laws, requiring a three-fourths vote to change them. Between 50,000 to 80,000 clandestine abortions occur each year in the country, according to a 2019 estimate from local rights groups.

☆ Walmart to invest nearly $1.5 bln in Mexico and Central America in 2023
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, March 7 (Reuters) - Walmart's unit in Mexico and Central America, known as Walmex (WALMEX.MX), plans to spend around 27 billion pesos ($1.49 billion) in the region in 2023, it said on Tuesday. Just under half of the investment will go to remodeling and maintaining existing stores, while nearly 30% will go to new stores and clubs, Walmex said in a filing following an event with investors and analysts. ($1 = 18.1026 Mexican pesos)Reporting by Kylie Madry; Editing by Daina Beth SolomonOur Standards: The Thomson Reuters Trust Principles.

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