Former Goldman Sachs partner launches fund of up to $550 million in Portugal

By Sergio Goncalves LISBON (Reuters) – Fortitude Capital, founded by former Goldman Sachs partner Antonio Esteves, Brazilian bank BTG Pactual and Portuguese asset manager Atrium, has launched its first fund with a target size of up to 500 million euros ($550 million). Esteves said on Tuesday that, though focused on investing in Portugal, the fund…

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Mexico rolls out investment plans for southern industrial corridor

By Kylie Madry MEXICO CITY (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…

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U.S. seeks to shore up border as migrants gather ahead of end to Title 42

By Ted Hesson and Mike Blake SAN DIEGO (Reuters) -The Biden administration and Texas state government are sending reinforcements to the U.S.-Mexico border to prepare for a possible increase in illegal immigration when COVID-19 restrictions known as Title 42 are set to end on Thursday. Hundreds of specialized investigative agents and air marshals from the…

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Mexican president backs U.S. dollar as globe’s ‘principal currency’

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador gave the U.S. dollar a vote on confidence on Monday after he was asked if a weakening greenback might spur a move to diversify Mexico’s foreign currency reserves. “We are going to continue considering the dollar as the world’s principal currency,” Lopez Obrador told a…

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No harmful chemical levels in air after Shell Texas chemical plant fire, company says

(Reuters) – Air monitoring around an extinguished fire at the Shell Plc’s chemical plant in Deer Park, Texas, showed no harmful levels of chemicals in the air, the company said on Saturday, added that there was no threat to the surrounding community. The fire broke out shortly before 3 p.m. CDT (2000 GMT) on Friday…

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U.S. to finalize rule to limit asylum access at Mexico border by May 11

By Ted Hesson WASHINGTON (Reuters) -The U.S. will finalize by May 11 a new regulation that will deny asylum to many migrants caught crossing the U.S.-Mexico border illegally, the same day sweeping COVID-19 restrictions at the border are set to end, Homeland Security Secretary Alejandro Mayorkas said on Friday. Under the new regulation, migrants will…

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