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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

☆ Missing Mexican woman Maria Fernanda Sanchez found dead in Germany
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Aug 5 (Reuters) - Police in Germany, reported on Saturday that they found the body of a 24-year-old Mexican woman who disappeared in Berlin at the end of July and whose case has caused garnered widespread attention in Mexico. Authorities said the body of Maria Fernanda Sanchez, for whom Interpol had issued a yellow search notice, was found floating in a canal by a person walking along a bridge in Berlin's Adlershof neighborhood. The Mexican Foreign Ministry communicated on social media platform X, formerly known as Twitter, that German authorities reported the discovery of a deceased woman that fit Sanchez's description. Earlier in the week, President Andres Manuel Lopez Obrador said that he would ask the German president to bolster the search for Sanchez, who, according to local media, was a masters student in Germany. Reporting by Stefanie Eschenbacher and Adriana Barrera; Writing by Alexander Villegas; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Fernanda Sanchez, Andres Manuel Lopez Obrador, Sanchez, Stefanie Eschenbacher, Adriana Barrera, Alexander Villegas, Jonathan Oatis Organizations: MEXICO CITY, Police, Authorities, Interpol, Mexican Foreign Ministry, Thomson Locations: MEXICO, Germany, Berlin, Mexico, Berlin's Adlershof

CNN —Mexico’s President Andres Manuel López Obrador has condemned Texas’s anti-migrant buoys, calling the border enforcement tactic on the Rio Grande river “inhumane” after bodies were found in the waters that flow along the US-Mexico border. “Abbott shouldn’t act like that; it’s inhumane,” he also said, directly attacking Texas Gov. Two bodies were found in separate incidents by United States and Mexican officials in the Rio Grande river, according to Mexico’s foreign ministry on Wednesday. It is unclear what caused their deaths, though Texas officials have said that they suspect that the person found caught in the floating barrier had died upstream. Texas began installing buoy barriers along portions of the Rio Grande river in July.

Persons: CNN —, Andres Manuel López Obrador, ” Lopez Obrador, “ Abbott, ”, Greg Abbott, Brandon Bell, Alicia Bárcena Ibarra, ” López Obrador, Abbott, “ Organizations: CNN, Texas Gov, Mexico’s National Institute of, US Justice Department, Foreign, Biden, Border Patrol Locations: Rio, Mexico, United States, Texas, Rio Grande, Eagle, Maverick County . Texas

☆ Mexican city will fine anyone performing misogynistic songs
▼ + stars: | 2023-08-02 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Authorities in the Mexican city of Chihuahua have moved to ban performances of songs that “promote violence against women,” citing high levels of domestic violence. The law bans the performance of songs that promote violence against women, as well as their discrimination, marginalization or exclusion, said Bonilla. Narcocorridos and corridos tumbados, types of homegrown Mexican music linked to violence and the drug trade, could also be affected. In 2012, the city banned popular Mexican group Los Tigres del Norte after the band played three songs categorized as narcocorridos. Chihuahua city is the capital of Chihuahua state in northern Mexico.

Persons: Marco Bonilla, ” Bonilla, Valerie Macon, ”, Bonilla, councilwoman Paty Ulate, Ulate, “, corridos, Natanael Cano, Andrés Manuel López Obrador, corridos tumbados Organizations: CNN, Authorities, Facebook, Getty, Instituto Municipal de, Tigres del Norte, Ciudad Juárez Locations: Mexican, Chihuahua, AFP, Mexico, Ciudad

[1/5] Boards displaying the exchange rate of the Mexican peso against the U.S. dollar are pictured outside exchange houses in Ciudad Juarez, Mexico July 27, 2023. But emergence of the phenomenon known as the "super peso" means those dollars no longer go as far as they did. "The purchasing power of remittances has deteriorated due to peso appreciation," said Carlos Serrano, chief economist at bank BBVA Mexico. "You can see it hitting lower-income families ... in states that bring in most remittances." Georgina Cardenas, 34, said the $1,200 a month she receives from her builder husband in the United States "used to be enough for my two children" and other expenses.

Persons: Jose Luis Gonzalez, Adriana Sanchez, Sanchez, it's, Andres Manuel Lopez, Carlos Serrano, Pablo Lopez Sarabia, Manuel, there's, Veronica, They're, Georgina Cardenas, Lizbeth Diaz, Noe Torres, Dave Graham, Aurora Ellis Organizations: U.S ., REUTERS, BBVA Mexico, Reuters, Tecnologico de Monterrey, Thomson Locations: Ciudad Juarez, Mexico, TLAXCALA, United States, Asia, Tlaxcala, Mexico City, U.S, California

☆ Kremlin seeks more info about talks in Saudi, Ukraine says Moscow unwelcome
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +3 min

The meeting was first reported last Saturday in the Wall Street Journal, which said Saudi Arabia would invite Western states, Ukraine and major developing countries to talks focusing on Ukrainian President Volodymyr Zelenskiy's peace plan. The paper said Kyiv and Western countries hoped that the talks could lead to international backing for peace terms favouring Ukraine. Peskov, however, also restated Moscow's position that it currently saw no grounds for peace talks with Kyiv. "If there's acceptance from both Ukraine and Russia to look for solutions to achieve peace, we'll participate," he told reporters in Mexico City. Andriy Yermak, Zelenskiy's chief of staff, said Ukraine would be "boundlessly happy if West, East, South and North work in this format towards renewing a system of world security".

Persons: Volodymyr Zelenskiy's, Dmitry Peskov, Andres Manuel Lopez Obrado, we'll, Andriy Yermak, Yermak, Prince Mohammed bin Salman, Vladimir Putin, Gareth Jones, Ron Popeski, Stephen Coates Organizations: Press, State Emergency Service of, REUTERS, Street, Ukraine, Kyiv, Reuters, Thomson Locations: Russian, Ukraine, Kryvyi Rih, State Emergency Service of Ukraine, Handout, REUTERS MOSCOW, Saudi Arabia, Russia, Kyiv, Western, Mexico City, East, South, Saudi

☆ 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

☆ Mexican peso hits 7-1/2 year high vs dollar, further gains eyed
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

The currency, which has been dubbed the "super peso" in some quarters, including by its most prominent cheerleader, President Andres Manuel Lopez Obrador, strengthened by more than 1.3% in morning trading to 16.63 per dollar. "What's happening with the peso right now is due to weakness in the dollar, but also because of optimism surrounding the Mexican peso," said Banco Base analyst Gabriela Siller. "And with this international investors keep buying Mexican pesos and it may keep appreciating," she added. Data pointing to softening U.S. inflation on the one hand and better-than-expected growth data on the other has helped weaken the dollar and boost the peso, which could continue firming to 16.40 to the dollar, Siller said. Reporting by Anthony Esposito and Aida Pelaez-Fernandez, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Gabriela Siller, Siller, Anthony Esposito, Aida Pelaez, Fernandez, Deepa Babington Organizations: MEXICO CITY, greenback, Federal Reserve, Banco Base, JPMorgan, Thomson Locations: MEXICO, America, United States

☆ Mexican president refutes DEA estimates of cartel strength
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

The comments come in response to testimony from U.S. Drug Enforcement Administration (DEA) Chief Anne Milgram on Mexican cartels as part of a hearing in the U.S. Congress. Speaking at a press conference, Lopez Obrador questioned her figures and urged the DEA to share more details. The pushback from Lopez Obrador is the latest in ongoing tensions between the Mexican government and the DEA. His government dropped the case against Mexico's former Defense Minister Salvador Cienfuegos, who the DEA alleged colluded with drug lords. Lopez Obrador accused the DEA of fabricating the case.

Persons: Andres Manuel Lopez Obrador, Anne Milgram, Milgram, Lopez Obrador, Salvador Cienfuegos, Sarah Kinosian, Alistair Bell, Richard Chang Organizations: Mexico Presidency, REUTERS, REUTERS MEXICO CITY, U.S, . Drug Enforcement Administration, U.S . Congress, Jalisco New Generation, U.S ., DEA, Mexico's, Defense, Thomson Locations: Tepic, Nayarit, Mexico, REUTERS MEXICO, United, Sinaloa Cartel, Jalisco, Sinaloa, CJNG

☆ Pemex gets $3.8 billion from Mexico government, considers tapping bond markets again
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

Companies Petroleos Mexicanos FollowMEXICO CITY, July 28 (Reuters) - Mexican state energy company Pemex, whose financial debt ballooned to $110.5 billion by the second quarter, said Friday that it received 64.9 billion pesos ($3.8 billion) from the government to meet its obligations and may tap bond markets this year or next. Chief Financial Officer Carlos Cortez told investors during an earnings call that despite "significant" government support, Pemex was evaluating whether it would tap bond markets this year or next. Natural resources nationalist President Andres Manuel Lopez Obrador has staked his reputation on reviving Pemex, which he inherited highly indebted. Between 2019 and the end of the second quarter, Pemex received more than 720 billion pesos from the government, the results showed. Net profits were down almost 80% to 25.439 billion pesos in the second quarter from the year-ago period as sales fell, and revenues were down more than 40% to 414.156 billion pesos following weaker local sales and crude oil prices.

Persons: Carlos Cortez, Pemex, Cortez, We're, Andres Manuel Lopez Obrador, Lopez Obrador's, Octavio Romero, Romero, Valentine Hilaire, Adriana Barrera, Stefanie Eschenbacher, Anthony Esposito, Richard Chang, Cynthia Osterman Organizations: Moody's Investors Service, Thomson Locations: MEXICO, Pemex

☆ Mexico Ayotzinapa students: military obstructed probe into disappeared students, says UN
▼ + stars: | 2023-07-28 | by ( Karol Suarez | ) edition.cnn.com time to read: +2 min

Mexico City CNN —The United Nation’s human rights commissioner on Thursday accused Mexico’s military of obstructing an expert investigation into the disappearance of 43 students in a bloody incident that shook that country nearly nine years ago. Last August, a Mexican truth commission report concluded that the students, who disappeared en route to a demonstration in Mexico City, had been victims of “state-sponsored crime.”The students, from a teachers’ college in Ayotzinapa, were intercepted by local police and federal military forces while traveling through the southwestern city of Iguala in September 2014. Survivors from the original group of 100 students said police officers and soldiers suddenly opened fire. But dozens of students on the buses disappeared that night, and their fate remains unknown. Mexican President Andrés Manuel López Obrador speaks at a morning conference on July 26, 2023 in Mexico City.

Persons: Mexico’s, Andrés Manuel López Obrador, Carlos Santiago Organizations: Mexico City CNN, United Nations, Human Rights, Armed Forces Locations: Mexico, Mexican, Mexico City, Ayotzinapa, Iguala

☆ Mexican president defends armed forces in missing-students case
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

The experts also accused the military of withholding information, an allegation that Lopez Obrador rejected. "What's most important now is the search (for the missing youths)," Lopez Obrador said. The remains of only three of the 43 students have so far been formally identified. Parents of the missing students urged Lopez Obrador to use his power to put more pressure on the military. "The president has to order them to hand over the information," said Mario Gonzalez, father of one of the youths.

Persons: Andres Manuel Lopez Obrador, Lopez Obrador, Mario Gonzalez, Raul Cortes, Lizbeth Diaz, Daina Beth Solomon, Sandra Maler Organizations: Training, Read, MEXICO CITY, Independent, Ayotzinapa Rural Teachers ' College, Navy, Army, Human Rights, Thomson Locations: Mexico City, MEXICO, Guerrero, Mexico

☆ Mexico set to offer Vulcan $390 million to buy land to settle spat
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, July 27 (Reuters) - Mexico plans to offer 6.5 billion pesos ($390 million) to U.S. construction company Vulcan Materials for land it holds in the southeast of the country, President Andres Manuel Lopez Obrador said on Thursday, in a bid to resolve an ongoing dispute. Since then, Vulcan has been unable to export its production and is demanding over $1.5 billion in compensation from the ICSID. "We did an appraisal (...) and it has a value of around 6,500 million Mexican pesos ($386.99 million)," he added, noting the intention to buy all the company's 2,400 hectares (5,930.5 acres) in the area. Lopez Obrador previously proposed the company convert its operation, in the Caribbean state of Quintana Roo, into a tourist development with a port for cruise ships. ($1 = 16.7677 Mexican pesos)Reporting by Diego Ore; Writing by Isabel Woodford; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Vulcan, Esteban Moctezuma, Lopez Obrador, Quintana Roo, Diego Ore, Isabel Woodford, Richard Chang Organizations: MEXICO CITY, Vulcan, Thomson Locations: MEXICO, Mexico, U.S, Caribbean, Quintana, United States

☆ Ayotzinapa: Independent experts quit Mexico over roadblocks on 43 missing students case
▼ + stars: | 2023-07-26 | by ( Sofia Cox | ) edition.cnn.com time to read: +3 min

The Interdisciplinary Group of Independent Experts (GIEI), a committee of jurists and doctors, are in Mexico to investigate the disappearance of the students, who vanished during a visit to the southwestern city of Iguala. But after presenting their final fact-finding report on Tuesday, the experts said they faced a series of roadblocks, and would be withdrawing from the investigation and leaving the country next week. Last August, a Mexican court issued at least 83 arrest warrants for people allegedly involved in the 2014 disappearance, but so far no one has been convicted in relation to the students’ disappearance. “The reason why we are leaving is because we cannot go further without that information,” she told CNNE. “Really, we have delivered this report with what could be done, but we cannot move forward without that information… so that is the reason why we are leaving Mexico.”

Persons: they’re, Andrés Manuel López Obrador, “, Obrador, ”, Carlos Beristain, Angela Buitrago, CNNE Organizations: CNN, Independent, Prosecutor’s Locations: Mexico, Iguala, Ayotzinapa, Mexico City

☆ Focus: In Mexico, private cash races to plug nearshoring energy crunch
▼ + stars: | 2023-07-26 | by ( Isabel Woodford | Thomson Reuters | Isabel Is A British-Spanish Journalist Based In Mexico City. She Joined Reuters In As Part Of The Latin America News Hub | ) www.reuters.com time to read: +7 min

Sergio Arguelles, president of the Mexican Association of Private Industrial Parks (AMPIP), said parks' investment in state energy assets today is unprecedented. "Mexico would be very well positioned to take advantage of nearshoring if it didn't have such an energy problem," he said. THE SHRINKING STATEMexico's approach to its groaning electricity grid is in contrast to its fast-growing peers, which tend to either incentivize private energy contractors or have state utility companies with deep pockets. Still, there is some hope for the new wave of 47 planned industrial parks. Yet critics say Mexico's push for state control over energy distribution while also neglecting it is self-sabotage.

Persons: Daniel Becerril, Sergio Bermudez, Barbie, Mattel, Bermudez, …, Eduardo Martinez, Sergio Arguelles, Aaron Gallo, Gallo, Andres Manuel Lopez Obrador's, David Gantz, Electrobras, AMPIP's Arguelles, Lopez Obrador, Ramses Pech, Hans Joachim Kohlsdorf, Zonia Torres, Alfredo Nolasco, Isabel Woodford, Marguerita Choy Organizations: Federal Electricity Commission, REUTERS, MEXICO CITY, Unilever, Mexican Association of Private Industrial Parks, American Industries, Industries, CFE, U.S, Baker Institute, Thomson Locations: Mexico's, Santa Catarina, Monterrey, Mexico, MEXICO, Nuevo Leon, Brazil, Guanajuato

☆ 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

☆ Mexico’s president is on the attack. It’s political ‘gold’ for his rival
▼ + stars: | 2023-07-22 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

Gálvez’s remarkable ascent comes as President Andrés Manuel López Obrador has levied a near-daily stream of attacks against her. The immensely popular López Obrador is barred under Mexican law from seeking re-election after completing his six-year term. However it dismissed a complaint from Gálvez that the president had violated laws against gender-based political violence. In the days since the ruling against him, López Obrador has moved between open disregard, winking half-measures, and begrudging obedience. López Obrador has sought to tie the candidate to the country’s historic ruling elite with the claims, which she has denied.

Persons: Mexico City CNN —, Xóchitl Gálvez, Andrés Manuel López Obrador, López Obrador, ”, Gálvez, “ AMLO, ” Enrique Quintana, “, Carlos Bravo Regidor, López, Morena, –, Lopez Obrador, Fernando Llano, — Gálvez, El Financiero, I’m, Arturo Ramos Sobarzo, —, Ildefonso Guajardo Villarreal Organizations: Mexico City CNN, Frente, El, Quarterly, Morena, Morena flagbearer, PAN, CNN, National Electoral Institute, Center for Investigation, Informatics, Mexico City’s Escuela Libre, Supreme Locations: Mexico, Mexico City

☆ Mexican president's fiery barbs fuel maverick rival's campaign
▼ + stars: | 2023-07-20 | by ( Dave Graham | ) www.reuters.com time to read: +5 min

Neither the president's office nor Galvez, who represents the center-right National Action Party (PAN), replied to requests for comment. Lopez Obrador has sought to break this narrative by branding Galvez a millionaire, said Roy Campos, Mitofsky's director. The authority this week ordered Lopez Obrador to remain neutral and abstain from election comments. Under Fox's government, Congress in 2005 stripped Lopez Obrador of immunity from prosecution over a minor land dispute. She urged her party to avoid resorting to tactics used against Lopez Obrador in the past.

Persons: Andres Manuel Lopez Obrador, Andres Manuel Lopez Obrador's, Xochitl Galvez, Lopez Obrador, Galvez, Alfa Gonzalez, pugnacious Lopez Obrador, Lopez, Consulta Mitofsky, Claudia Sheinbaum, Marcelo Ebrard, Roy Campos, Gabriel Islas, Beatriz Vazquez, Vicente Fox, Fox, Andres Manuel, Lorena Villavicencio, Sheinbaum, Dave Graham, Susan Heavey Organizations: Isla de, REUTERS, MEXICO CITY, Party of, Democratic Revolution, Action Party, PAN, Regeneration, Mexico City, Institutional Revolutionary Party, Congress, Thomson Locations: Isla, Isla de Cedros, Mulege, Mexico, MEXICO, derailing, MORENA, Spanish, Mexican

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

MEXICO CITY, July 13 (Reuters) - The Mexican government is no longer interested in purchasing Citigroup's (C.N) local retail arm, known as Banamex, a government spokesperson said on Thursday, adding that the U.S. bank "chose a different path" for its unit. Deputy Finance Minister Gabriel Yorio told Reuters at the time that Mexico could pursue a total or partial acquisition of the unit. Government spokesperson Jesus Ramirez did not immediately respond when asked which path the U.S. bank is taking. Before Citi's decision to list Banamex, banking sources said mining conglomerate Grupo Mexico (GMEXICOB.MX) had been eyeing the unit for around $7 billion. Reporting by Valentine Hilaire; Editing by Brendan O'Boyle and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Gabriel Yorio, Jesus Ramirez, Lopez Obrador, Valentine Hilaire, Brendan O'Boyle, Jamie Freed Organizations: MEXICO CITY, Citi, Reuters, Government, Grupo Mexico, German, Grupo, Spain's Banco Santander, Thomson Locations: MEXICO, U.S, Mexican, Mexico

☆ 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

☆ Explosives used in Mexico 'terror' attack that killed six
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

[1/5] Soldiers walk near a scene where suspected gang members killed police officers and members of the Jalisco state attorney general's office during an attack with explosives on Tuesday night, in Tlajomulco de Zuniga, Mexico July 12, 2023. REUTERS/Fernando CarranzaMEXICO CITY, July 12 (Reuters) - Suspected gang members in western Mexico killed four security officials and two civilians and injured a dozen other people after an attack with explosives on Tuesday night, which the local government described as an "act of terror." The blast that hit police and officials working at the Jalisco state attorney general's office was "an unprecedented act and shows what these organized crime groups are capable of", state governor Enrique Alfaro said on Twitter. Describing it as an "act of terror", Alfaro said organized crime was trying to spread fear and panic. A spokesperson for the Jalisco government said three of the dead worked at the attorney general's office, one was a local police officer and two were civilians.

Persons: Tlajomulco de, Fernando Carranza, Enrique Alfaro, Alfaro, Andres Manuel Lopez Obrador, Luis Rodriguez Bucio, Dave Graham, Natalia Siniawski, Jason Neely, David Gregorio Our Organizations: REUTERS, Fernando Carranza MEXICO CITY, Twitter, National Guard, Thomson Locations: Jalisco, Tlajomulco, Tlajomulco de Zuniga, Mexico, Guadalajara, Guanajuato

☆ Mexico stocks are surging this year on reshoring bets, but big risks can knock down the rally
▼ + stars: | 2023-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Mexico nearshoring play is real, but investors should be aware of some pitfalls. Nearshoring — also called reshoring, onshoring, inshoring or backshoring — is helping drive Mexican stocks higher this year. For U.S. companies, there are compelling advantages to moving operations to Mexico from Asia, including geographical proximity, as well as low labor costs. "There is no nearshoring industrial revolution without electricity," according to a March note where Lippmann discusses Mexico's need to revamp its electricity infrastructure. According to Nace, the firm is the largest auto insurance company in Mexico, "similar to a Progressive in the United States.

Persons: —, Andrés Manuel López Obrador's, Meagan Nace, Nace, Morgan, Nikolaj Lippmann, Lippmann, Lippman, López Obrador, Tesla Organizations: U.S, Grupo, Artisan Partners, Companies, Partners, Semiconductor, New York Stock Exchange Locations: Mexico, Asia, Mexican, nearshoring, Baja California, United States, Monterrey, Nuevo Leon, U.S

☆ Opinion: This is the real reason Ron DeSantis is struggling in the polls
▼ + stars: | 2023-07-09 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +5 min

Ron DeSantis struggling in his quest for the 2024 GOP presidential nomination. Dean Obeidallah CNNHe currently trails the front-runner — twice-indicted former President Donald Trump — by more than 30 points in one recent Fox News poll. And wouldn’t the Mexican leader’s criticism likely help DeSantis with GOP voters, given their views on immigration? Let me add this caveat about DeSantis’ polling challenges, as others have: It’s still early in the 2024 race for the GOP nomination. To that point, DeSantis said last week, “I’m running to win in January and February.

Persons: Dean Obeidallah, Ron DeSantis, —, Donald Trump, Maria Bartiromo, DeSantis, “, — DeSantis, Trump, ” Trump, ”, we’ll, Andrés Manuel López Obrador, Jeb Bush, Hillary Clinton, Barack Obama, I’m Organizations: CNN, Florida Gov, Dean Obeidallah CNN, Fox, The New York Times, Street, Politico, Fox News, Republican, Yale University, Harvard Law School, US Navy, Florida —, Trump, Quinnipiac, Disney, Twitter, Facebook, GOP, Democratic Locations: Florida, Mexico

☆ 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

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