UN refugee official: Darien Gap crossings on pace to hit record

By Elida Moreno PANAMA CITY (Reuters) -The number of U.S.-bound migrants who cross the dangerous jungle separating Panama and Colombia could rise to a record this year, according to a senior U.N. refugee official. The forecast for migrants crossing the Darien Gap on their way north comes as U.S. authorities have observed a recent drop…

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As US debates abortion pill ban, Argentina expands its use

By Anna-Catherine Brigida BUENOS AIRES (Reuters) – When Argentine trainee nursery teacher Lourdes, 24, went to the doctor in March seeking to end her pregnancy she was one of the first in the country to be prescribed abortion pill mifepristone after local regulators had approved it fully just weeks earlier. Argentina is the latest country…

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Venezuela’s opposition asked to back suspending statute of limitations on bond repayments

CARACAS (Reuters) – Venezeula’s political opposition – recognized by the U.S. as the country’s legitimate government – was asked by a key creditor group on Monday to back the suspension of a statute of limitations on repayments for defaulted government bonds. President Nicolas Maduro’s government in March proposed a five-year suspension through 2028 or until…

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Colombia’s Grupo SURA nearly doubles profits in first quarter

(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, almost doubled in the first quarter compared to the year-ago period, the company said in a filing on Monday, pointing in part to favorable exchange rate fluctuations. Net profit for the quarter totaled 834.3 billion pesos. Quarterly revenue rose almost 40% to reach 9.6…

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US warns against crossing Mexico border illegally as Title 42 ends

By Ted Hesson WASHINGTON (Reuters) -U.S. officials on Monday said there will be “tougher consequences” for migrants illegally crossing the southern border as U.S. President Joe Biden transitions away from COVID-19 restrictions known as Title 42 that allowed agents to quickly expel many migrants to Mexico over the past three years. The number of people…

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Mexico’s mighty peso hits 7-year record high against U.S. dollar

By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso currency flexed its muscle on Monday to reach its highest value against the U.S. dollar in seven years, following nearly two years of interest rate hikes aimed at taming inflation that has seen consumer prices edge down. Some analysts chalk up the peso’s latest gains, however,…

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Bank of Mexico seen holding interest rate after nearly two years of hikes – Reuters poll

MEXICO CITY (Reuters) – The Bank of Mexico is expected to hold the country’s benchmark interest rate on Thursday, halting a cycle of rate hikes that began in June 2021, a Reuters poll of analysts showed on Monday. Twelve of the 15 analysts polled by Reuters see Mexico’s central bank maintaining borrowing costs at the…

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Mexico asks Texas to halt costly cargo inspections; will file USMCA complaint

MEXICO CITY (Reuters) – Mexico’s economy ministry is urging the U.S. state of Texas to remove inspections of cargo crossing the border, which it said in a statement on Monday is causing millions of dollars in losses for U.S. and Mexican firms. The Mexican government will file a complaint with the trade facilitation committee under…

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