MEXICO CITY (Reuters) – At least 10 people were killed and nine injured in a shootout at a car show in northern Mexico’s Baja California on Saturday, the municipal government reported. The attack occurred during an all-terrain car racing show in the San Vicente area of the city of Ensenada. Around 2:18 p.m. (2118 GMT)…
MEXICO CITY (Reuters) -Mexico City’s Benito Juarez International Airport resumed operations on Saturday after it suspended flights for hours due to ash spewing from nearby Popocatepetl volcano. “After removing the volcanic ash, checking the runways and verifying favorable wind conditions, we resumed takeoff and landing operations starting at 10:00 a.m.,” the airport said on Twitter….
By Valentine Hilaire and Noe Torres MEXICO CITY (Reuters) – The Mexican Navy on Friday took over a section of railway in southern Mexico operated by a unit of Grupo Mexico , and shares in the mining and infrastructure company fell by more than 4% after the expropriation. Calling the move “surprising”, the transport unit…
By Andrew Hay TAOS, N.M. Reuters) – A unexpected alliance between traditional woodcutters and federal land managers in New Mexico could provide a model for a push by President Joe Biden’s administration to thin forests near villages and towns at risk of climate-driven wildfires. Near Taos in northern New Mexico, Vicente Fernandez, a mayordomo, or…
By Noe Torres MEXICO CITY (Reuters) – The Mexican peso could remain the top performer among major global currencies in the coming weeks, despite Mexico’s central bank choosing to halt a nearly two-year rate-hike cycle, analysts said. The currency traded at 17.40 per dollar this week, its strongest in seven years, and experts believe the…
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not bought under control, the head of the Bank for International Settlements has warned. The BIS, often referred to as the central bankers’ bank, has been calling for a robust…
By Eric Cox and Ted Hesson CHICAGO (Reuters) -Chicago’s new mayor is grappling with how to house hundreds of migrants arriving on buses from the U.S.-Mexico border, with some sleeping in police stations and shelters strained after border crossings rose earlier this month. Officials in the third-largest U.S. city have said they cannot afford to…
MEXICO CITY (Reuters) – Mexico’s president said on Thursday that construction and operation of a tourist train project that could cost up to $20 billion is a matter of national security, offering new legal protections for the high-profile public work. In a decree published in Mexico’s official gazette, President Andres Manuel Lopez Obrador invoked government…
By Lisa Baertlein CHICAGO (Reuters) -Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month, company supply chain executives said. But anxiety over labor negotiations…
NEW YORK (Reuters) – The negative impact of currency fluctuations on North American companies’ results fell in the fourth quarter of 2022 compared with the previous quarter, data from treasury and financial management firm Kyriba showed on Thursday. The collective exchange-rate hit, including on companies in the United States, Canada and Mexico, was $28.94 billion…
