MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday said its net profit surged 89.1% in the second quarter on the back of foreign exchange gains. The company, controlled by the family of Mexican tycoon Carlos Slim, posted a net profit of 25.87 billion pesos ($1.5 billion), beating the Refinitiv estimate of 22.61 billion…
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate is expected to slow to 7.0% in June, according to the median forecast in a Reuters poll, after hitting 7.8% in May, as the government battles to control spiraling prices ahead of elections in October. The poll of 23 analysts measures inflation by the…
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. The reduced production implies that in total Pemex…
SANTIAGO (Reuters) -Latin America and the Caribbean received record flows of foreign direct investment (FDI) last year, a United Nations report showed on Monday, mostly into services, manufacturing and energy as spending recovered after the pandemic. The report by the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) found that FDI, or income…
By Marc Jones LONDON (Reuters) – An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. The financial market rout last year caused widespread losses for sovereign money…
TEGUCIGALPA (Reuters) – A UN mission of experts arrived in Honduras to examine the establishment of an international anti-corruption mission in the Central American nation, which is plagued by widespread corruption that exacerbates poverty and immigration, Honduran authorities announced Sunday. Leftist President Xiomara Castro pledged during her campaign to install an anti-corruption commission known as…
MEXICO CITY (Reuters) – Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company, Octavio Romero, said…
By Sofia Menchu GUATEMALA CITY (Reuters) – The Organization of American States (OAS) condemned the Guatemalan Constitutional Court’s (CSJ) decision to continue reviewing the results of June 25 elections, where political party challenges have delayed the official results to determine who will compete in an August 20 runoff. According to preliminary results, anti-graft candidate Bernando…
By Laura Gottesdiener, Ted Hesson, Mica Rosenberg, Kristina Cooke and Daina Beth Solomon MATAMOROS, Mexico (Reuters) – On a June afternoon when temperatures climbed near 100 degrees Fahrenheit (38 Celsius), Alejandra Pena gently tipped a jug of water into her son’s mouth. Like other children in the migrant camp, a mile-long stretch of tents along…
By Daniel Trotta and Brad Brooks (Reuters) – A federal judge on Friday sentenced a white supremacist to 90 consecutive life terms in prison for a 2019 shooting in which he killed 23 people and wounded 22 others at a Texas Walmart while targeting Hispanics, according to court records and prosecutors. The sentencing by U.S….
