MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of…
(Reuters) – Mexico’s economy grew for the sixth quarter in a row in the first quarter, data from Latin America’s second-largest economy showed on Friday, with growth in line with market expectations. Gross domestic product (GDP) increased 1.0% in the period from the previous three months, statistics agency INEGI said, matching forecasts from economists in…
LISBON (Reuters) – The head of Brazilian Embraer’s planemaking division dismissed concerns that problems at engine supplier Pratt & Whitney would discourage airlines from placing orders and hinted at some order announcements at the upcoming Paris Airshow. Pratt & Whitney <RTX.N has been facing problems with the durability of its latest engines flying on Embraer…
By Lucinda Elliott and Eliana Raszewski BUENOS AIRES (Reuters) – Argentine Vice President Cristina Fernandez de Kirchner slammed the International Monetary Fund (IMF) on Thursday, saying that the program agreed to with the multinational lender is holding back the country’s economy. Fernandez de Kirchner, speaking at an event commemorating Revolution Day in Buenos Aires’ historic…
HAVANA (Reuters) – There is no quick fix for Cuba’s sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation. Economy Minister Alejandro Gil, in an hour-long presentation before newly elected lawmakers, said…
SAO PAULO (Reuters) – Brazilian financial technology firm PagSeguro Digital on Thursday posted a better-than-expected 6% increase in its first-quarter profit, which the company said was boosted by payment processing revenue. The New York listed-firm posted net profits of 370 million reais ($73.95 million), while analysts surveyed by Refinitv expected profits of 344 million reais….
By Jonathan Stempel (Reuters) – JPMorgan Chase & Co on Thursday unveiled new accusations that the U.S. Virgin Islands was complicit in Jeffrey Epstein’s sex crimes, including that a former first lady for the territory sought student visas for some of the disgraced financier’s victims. The largest U.S. bank also singled out Governor Albert Bryan…
MEXICO CITY (Reuters) – Two U.S. citizens died after contracting meningitis while getting treatment in a hospital in the northern Mexican border city of Matamoros, authorities said on Thursday, as they investigated some 400 suspected cases. “A contamination caused these deaths,” Mexican President Andres Manuel Lopez Obrador said in a regular press conference when asked…
By Tim Hepher LISBON (Reuters) – Brazilian aircraft manufacturer Embraer voiced “full support” for Pratt & Whitney as it battles durability problems on recent jet engines, but blamed a separate tussle with engine makers for the suspension of a new turboprop plane project. Chief Executive Francisco Gomes Neto told reporters that Raytheon Technologies unit Pratt…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday urged Latino voters not to back Florida Governor Ron DeSantis in the next U.S. presidential election, accusing the Republican politician of trying to win votes at the expense of migrants. DeSantis said Wednesday he would seek the 2024 Republican nomination for president and…
