By Daina Beth Solomon MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday said he will ask incoming Labor Minister Marath Bolanos to meet with mining company Grupo Mexico and a top union leader to attempt to resolve labor disputes stretching back more than a decade. Grupo Mexico, a conglomerate controlled by…
By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso currency has reached its highest value versus the U.S. dollar in seven years, as the president celebrates its strength but analysts warn of harmful side effects on exports and remittances. The Mexican peso is among the top-performing currencies this year with a 12% surge against the…
GUATEMALA CITY (Reuters) – Former Guatemalan first lady Sandra Torres leads her competitors in the Central American country’s presidential race, according to a poll published Thursday by newspaper Prensa Libre, the last before Sunday’s election. Torres, a third-time presidential contender whose late husband President Alvaro Colom governed from 2008 to 2012, drew 21.3% of voter…
(Reuters) -Mexico’s annual inflation hit its lowest in more than two years ahead of a monetary policy decision on Thursday that is expected to leave interest rates at a cycle high as the consumer price index remains above target. In Latin America’s second largest economy, 12-month headline inflation reached 5.18% in the first half of…
TEGUCIGALPA (Reuters) – Honduras will return control of most of the country’s penal system to the military police for the next year, the Central American country’s presidential office said late on Wednesday, a day after a prison riot claimed nearly 50 lives. The measure is part of a fresh crackdown on crime which includes expanding…
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world’s busiest trade passages, the canal authority’s administrator said on Wednesday, citing shallower waters due to drought. The measure follows a series of depth restrictions in the 50-mile (80 km) canal since…
By Gustavo Palencia TEGUCIGALPA (Reuters) – On Sunday, in their final telephone conversation, Paola Yamileth told her cousin she feared for her life: “I feel death here and I am afraid they are going to kill me.” Two days after that call, Paola, 26, and her mother, Belinda, 46, were among the at least 46…
By Daina Beth Solomon MEXICO CITY (Reuters) – Grupo Mexico said Wednesday it legally resumed operations at its San Martin mine in 2018 after a decade-long strike, countering a Mexican union that recently submitted a petition to U.S. labor officials over alleged worker rights violations. The U.S. government last week asked Mexico to investigate the…
MEXICO CITY (Reuters) – A previously unknown ancient Maya city has been discovered in the jungles of southern Mexico, the country’s anthropology institute said on Tuesday, adding it was likely an important center more than a thousand years ago. The city includes large pyramid-like buildings, stone columns, three plazas with “imposing buildings” and other structures…
MEXICO CITY (Reuters) – Mexico’s central bank will likely keep its benchmark interest rate unchanged in its next monetary policy decision, a Reuters poll showed on Tuesday, amid a slowdown in inflation. The 20 analysts polled by Reuters see the Latin American country’s central bank maintaining borrowing costs at the current rate of 11.25% for…
