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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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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