Divisive China, Taiwan bids to join Pacific trade pact in focus at meet

By Lucy Craymer WELLINGTON (Reuters) – Members of a major trans-Pacific trade pact meeting in Auckland on Sunday are set to discuss applications by China and Taiwan to join the group, proposals that have deepened the rancour among the neighbours and divided the opinions of member-nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)…

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Analysis-Tumbling US dollar a boon to risk assets across the globe

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against a basket of currencies from last year’s two-decade high and stands at its lowest level in 15 months. Its decline quickened…

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Smuggler jailed for 15 years for California crash that killed 13 migrants

(Reuters) – A Mexican national who coordinated a human-smuggling operation that led to the deaths of 13 migrants in a 2021 highway crash near the Mexico-California border was sentenced to 15 years in prison on Thursday by a U.S. federal judge. Jose Cruz Noguez, 49, a permanent U.S. resident from Mexicali, Mexico, received the sentence…

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Guatemala top court reverses ban on anti-graft presidential candidate

By Sofia Menchu GUATEMALA CITY (Reuters) – Guatemala’s top court on Thursday suspended an order barring the party of anti-graft candidate Bernardo Arevalo from running for the presidency, after a flood of international criticism that the country’s democracy was in jeopardy. The Constitutional Court said it had granted a provisional injunction filed by the Semilla…

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US bans former Panama president for ‘significant corruption,’ Blinken says

By Kanishka Singh WASHINGTON (Reuters) – The United States has banned former Panamanian President Juan Carlos Varela Rodriguez from entering the U.S. for his “involvement in significant corruption,” Secretary of State Antony Blinken said on Thursday. “Today, I am announcing the designation of former Panamanian President, Juan Carlos Varela Rodriguez as generally ineligible for entry…

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Venezuela will not allow EU election observers for 2024 vote -lawmaker

CARACAS (Reuters) – Venezuela’s government will not allow election observers from the European Union to serve during its 2024 presidential elections, a top ruling party lawmaker said on Thursday. President Nicolas Maduro is expected to run in the contest next year, while the opposition is planning to hold a primary in October to chose a…

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Biden urges Republicans to stand up against senator’s military holds

By Steve Holland, Doina Chiacu and Phil Stewart HELSINKI (Reuters) – President Joe Biden said on Thursday he expects Republicans to stand up against what he called Senator Tommy Tuberville’s “ridiculous” block of top U.S. military appointments over the Pentagon’s abortion policy. It was bizarre and irresponsible to inject a domestic social debate into fundamental…

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Argentines tighten wallets to fight spiraling inflation

BUENOS AIRES (Reuters) -Argentines are tightening their wallets to make end meets as the South American country battles inflation which could surpass 140% on an annual basis this year, hunting for the cheapest prices on basic goods to shield their income. Inflation in the 12 months through June hit 115.6%, official data showed on Thursday….

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Canada’s CPKC signs deal to study passenger rail project in Mexico

MEXICO CITY (Reuters) – Mexico’s government and railroad company Canadian Pacific Kansas City (CPKC) have formalized an agreement to study the viability of a passenger rail line from Mexico City to the city of Queretaro, some 140 miles (220 km) north-west from the capital. “An agreement was signed 15, 20 days ago where the business…

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Brazil economic team supports interest rate cut of more than 25bps

By Bernardo Caram and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO (Reuters) -Leading members of Brazil’s economic team said on Thursday they predict the central bank has room to cut its benchmark interest rate by more than 25 basis points at its next meeting, further pressuring policymakers at the bank to lower borrowing costs. President Luiz…

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