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Noe Torres

Second Mexican official fired over scandal of bodies stored in truck

Sep 20 2018

MEXICO CITY Mexican authorities said on Wednesday they had fired the top prosecutor in Jalisco state, the second official to lose his job after the discovery of a container truck holding the bodies of hundreds of victims of the country's drug war.

Grupo Mexico could reopen San Martin mine after 11 years: official

Aug 31 2018

MEXICO CITY Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed more than a decade ago due to a workers strike, a senior government official said in an interview.

EMERGING MARKETS-Latam currencies slide on Brazil contagion, book NAFTA gains

Aug 28 2018

(Recasts with Mexican peso losses, updates prices) By Bruno Federowski and Noe Torres BRASILIA/MEXICO CITY, Aug 28 Currencies across Latin America weakened on Tuesday as investor concerns over Brazil's elections affected the region, and the market booked profits after Mexico and the United States announced a bilateral trade deal. Several polls in Brazil have showed jailed former President Luiz Inacio Lula da Silva, who has railed against austerity, leading the ballot, with market favorite Geraldo Alckmin failing to pick up steam. The Brazilian real weakened 1.49 percent. The Mexican peso, which strengthened on Monday after Mexico and the United States announced a deal on bilateral issues related to the North American Free Trade Agreement (NAFTA), weakened 1.38 percent. Canada's top trade negotiator joined her Mexican and U.S. counterparts in Washington on Tuesday in a bid to remain part of a trilateral North American trade pact, as U.S. officials expressed optimism a deal could be reached this week. Thorny negotiations around NAFTA, which have dragged on for much longer than originally envisioned, have weighed on demand for emerging-market assets throughout the year. Key Latin American stock indexes and currencies at 240 GMT: Stock indexes daily YTD % % change Latest change MSCI Emerging Markets 1069.84 0.07 -7.71 MSCI LatAm 2488.82 -2.46 -9.78 Brazil Bovespa 77321.99 -0.78 1.20 Mexico IPC 50009.21 -0.81 1.33 Argentina MerVal 24898.22 -2.11 -17.19 Colombia IGBC 12180.67 -0.01 7.12 Venezuela IBC 354544.9 -6.28 27968. 7 54 Currencies daily YTD % % change change Latest Brazil real 4.1413 -1.49 -19.99 Mexico peso 19.0385 -1.38 3.47 Chile peso 662.3 -0.56 -7.19 Colombia peso 2988.8 -1.65 -0.23 Peru sol 3.293 -0.15 -1.70 Argentina peso (interbank) 31.4400 -1.49 -40.84 Argentina peso (parallel) 33.2 -2.26 -42.08 (Reporting by Bruno Federowski; Editing by Dan Grebler and Alistair Bell)

Weary of graft and violence, Mexican voters lean toward outsider

Jul 01 2018

NEZAHUALCOYOTL, Mexico Mexicans lined up to vote for a new president on Sunday, with many hoping for a shake-up of the status quo by choosing an anti-establishment leftist whose pledge to clean up politics has resonated widely after years of violence and corruption. | Video

In final debate, Mexican presidential favorite says a NAFTA fail 'not fatal'

Jun 13 2018

MEXICO CITY The collapse of the North American Free Trade Agreement would not be fatal for Mexico, the leftist presidential favorite said on Tuesday, while keeping his cool under attack from rivals in the last televised debate before the July 1 election.

Miner Grupo Mexico blames freight train derailments on 'sabotage'

May 26 2018

MEXICO CITY Mexican miner and infrastructure firm Grupo Mexico on Friday said in a statement that seven freight train derailments were due to "sabotage" and would cost the company 312 million pesos ($16 million).

Mexico's Accendo Banco expects to close purchase of Deutsche Bank units in June

May 23 2018

MEXICO CITY, May 23 Mexican bank Accendo Banco, formerly InvestaBank, said on Wednesday it expects to finalize acquisition of Deutsche Bank's local assets next month, capping a nearly two-year-long process that was stalled by money laundering allegations.

Mexican truckers travel in fear as highway robberies bleed economy

May 22 2018

PUEBLA, Mexico Glancing constantly at his rear view mirror, truck driver "El Flaco" journeys the highways of Mexico haunted by the memory of when he was kidnapped with his security detail by bandits disguised as police officers two years ago.

Grupo Mexico eyes Wednesday re-opening of blocked train route after derailment

May 22 2018

MEXICO CITY Mexican miner and infrastructure firm Grupo Mexico said on Monday it aims to resume rail transport between key commercial port of Veracruz and central Mexico on Wednesday, following a train derailment suspected to be an act of criminal sabotage.

Tycoons chafe at Mexican presidential frontrunner's 'slander'

May 04 2018

MEXICO CITY Mexico's leading business groups are fuming after leftist Andres Manuel Lopez Obrador, the favorite to win the country's July presidential election, called several billionaires influence traffickers who benefit from corruption.

World News

How the man behind Khashoggi murder ran the killing via Skype

He ran social media for Saudi Arabia's crown prince. He masterminded the arrest of hundreds of his country's elite. He detained a Lebanese prime minister. And, according to two intelligence sources, he ran journalist Jamal Khashoggi's brutal killing at the Saudi consulate in Istanbul by giving orders over Skype.