By Andres Gonzalez (Reuters) – Conglomerate Grupo Mexico is set to buy Citigroup Inc’s retail banking operations in Mexico for about $7 billion in a deal that could be announced as early as this week, according to a person familiar with the matter. As part of the deal, Citi will retain a roughly 10% stake…
By Daina Beth Solomon, Gustavo Graf and Lizbeth Diaz HUEHUETOCA, Mexico (Reuters) – Thousands of migrants in Mexico have been clambering onto dangerous freight trains rumbling northward in a scramble to reach the U.S. border by the time the United States ends a tough migration policy later this week. In recent weeks, up to several…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said Wednesday he would present a constitutional reform to have judges and magistrates elected by the people. Lopez Obrador has lashed out against the judiciary in recent days after an electoral reform, which would shrink the country’s elections authority, was partially struck down by the…
By Elida Moreno PANAMA CITY (Reuters) -The number of people arriving in the treacherous Darien Gap linking Panama with Colombia soared in April and early May, Panamanian government data shows, dealing a blow to U.S. efforts to curb undocumented migration to the north. According to figures from Panama’s Security Ministry seen by Reuters on Tuesday,…
By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) – Chevron Corp’s renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close…
(Reuters) – Ratings agency S&P on Tuesday said a pension debt exchange by El Salvador in April constituted a default event, but added that the new terms of the exchange also cured the default. El Salvador conducted a pension debt exchange on April 28, offering private pension funds a mix of new certificates to replace…
By Julio-Cesar Chavez and Lizbeth Diaz EL PASO, Texas (Reuters) -U.S. border agents in El Paso, Texas, on Tuesday urged hundreds of migrants amassing on city streets to surrender to authorities as illegal crossings rose in the run-up to the end of COVID-19 border restrictions known as Title 42 later this week. At the same…
By Lizbeth Diaz MEXICO CITY (Reuters) – Long lines of migrants have amassed this week in the border city of Tijuana, near the sprawling wall that divides Mexico from the United States, in the final days of a three-year long COVID-19 policy that blocked people crossing from seeking asylum. The policy, known as Title 42,…
GEORGETOWN (Reuters) – Guyana’s environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company’s first offshore project in the country. Guyana’s High Court Justice Sandil Kissoon said in his ruling that Exxon “engaged in a disingenuous attempt” to dilute…
By Marc Jones and Rodrigo Campos LONDON/NEW YORK (Reuters) – Ecuador sealed the world’s largest “debt-for-nature” swap on record on Tuesday, selling a new “blue bond” that will funnel at least $12 million a year into conservation of the Galapagos Islands, one of the world’s most precious ecosystems. Having bought back roughly $1.6 billion of…
