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US Consulate in Guadalajara attacked with grenade.

US Consulate in Guadalajara attacked with grenade.

Mexican authorities are investigating a grenade attack on the U.S. consulate in the city of Guadalajara, officials said Saturday, underscoring the security challenges facing Mexico’s new president. The attack took place early Saturday morning, local media reported, ahead of the swearing in of President Andres Manuel Lopez Obrador later in the day. No one was

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Mexican peso up after airport bond-holder report

Mexican peso up after airport bond-holder report

Mexico’s peso gained about 1.3 percent on Sunday in international trading, mostly in Asia, after local media reported there may be a solution for bond-holders tied to the financing of a scrapped airport in the capital. Earlier on Sunday, several Mexican media outlets reported that construction on the partially built Mexico City airport cancelled by

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Mexico honors Trump’s Son-in-Law

Mexico honors Trump’s Son-in-Law

US President Donald Trump was on hand on Friday to watch son-in-law Jared Kushner receive Mexico’s highest honor for foreigners. Mexican President Enrique Peña Nieto bestowed the Order of the Aztec Eagle on Kushner during a brief ceremony on the sidelines of the G20 summit. The Mexican government said that Kushner was recognized for his

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Trump signs trade deal with Mexico and Canada

Trump signs trade deal with Mexico and Canada

US President Donald Trump and leaders from Canada and Mexico have signed the successor to the North American Free Trade Agreement (Nafta). The revised deal has been renamed as the United States-Mexico-Canada Agreement, or USMCA. Renegotiating Nafta was a key pledge of Mr Trump’s 2016 White House campaign. The US President claimed the update “changes

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Sinaloa drug cartel believed to have killed US tourist in Chihuahua

Sinaloa drug cartel believed to have killed US tourist in Chihuahua

An American tourist who went missing while visiting Chihuahua’s Copper Canyon region was killed by drug traffickers whom he ran into during a hike, authorities allege. The death comes as the U.S. State Department recently re-issued its travel advisory for Mexico. U.S. citizens are advised to “reconsider travel” to the state of Chihuahua due to crime. The advisory is issued each year.

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‘El Chapo’ rival Héctor Beltrán Leyva dies in jail

‘El Chapo’ rival Héctor Beltrán Leyva dies in jail

Mexican drug lord Héctor Beltrán Leyva has died of a heart attack in a hospital to which he was transferred from jail, government officials said. Beltrán Leyva, 56, was one of four brothers who led the drug cartel of the same name which was known for its deadly rivalry with the Sinaloa cartel led by

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Aeromexico cancels five routes to U.S.

Aeromexico cancels five routes to U.S.

Aeromexico, which is experiencing losses resulting from high fuel prices, will pull out five airplanes from its fleet and eliminate nine routes — including five connecting Mexican and U.S. cities, Mexican newspapers reported. “With fuel prices in the order of $80 per barrel and the excess capacity in the market, the environment remains complicated,” Aeromexico said Wednesday

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‘El Chapo’ trial: Mexico Presidents reject ‘scapegoat’ claims

‘El Chapo’ trial: Mexico Presidents reject ‘scapegoat’ claims

Mexico’s president and his predecessor have rejected allegations of bribe-taking made in the New York trial of drug kingpin Joaquín “El Chapo” Guzmán. Mr Guzmán’s lawyer told the trial that his client was a “scapegoat”. He said the real leader of the Sinaloa Cartel was Ismael “El Mayo” Zambada who was living openly in Mexico

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Five held over murder of Mexico politician’s daughter

Five held over murder of Mexico politician’s daughter

Police in the eastern Mexican state of Veracruz has arrested five people suspected of involvement in the murder of the daughter of a Congresswoman. Valeria Cruz Medel, a medical student, was shot dead while working out in a gym in Ciudad Mendoza on Thursday. Carmen Medel broke down when she found out about her daughter’s

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Want A Private Jet? AMLO has One Up For Sale

Want A Private Jet? AMLO has One Up For Sale

The Boeing 787-Dreamliner is big, luxurious, nearly new — just two years old. It’s downright presidential, since it was built to transport a head of state. The president-elect of Mexico doesn’t want it. Not even a little. But that doesn’t mean he can’t praise it. In fact, he has a whole sales pitch. “It’s not just efficient and

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Potential jurors in trial of “El Chapo” said they feared for their lives if selected

Potential jurors in trial of “El Chapo” said they feared for their lives if selected

Jury selection resumes Tuesday in the trial of the infamous Mexican drug lord Joaquin Guzman, known as “El Chapo.” A federal judge in New York dismissed 17 potential jurors Monday, some of whom said they feared for their lives if selected. Guzman is believed to have led the Sinaloa cartel for decades, as it became the largest drug

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USD/MXN hits fresh monthly highs above 20.00 as Mexican peso remains under pressure

USD/MXN hits fresh monthly highs above 20.00 as Mexican peso remains under pressure

The Mexican peso failed to hold to modest gains and dropped during the American session, reaching a fresh 4-month low against the US dollar. It remains under pressure like most Mexican assets. From Friday’s close lost almost 4%. Economy rebounds, not MXN Data released today showed that the Mexican economy rebounded in the third quarter, on

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AMLO’s Bad Start: Fitch Revises Mexico Outlook To Negative

AMLO’s Bad Start: Fitch Revises Mexico Outlook To Negative

Prognosis negative for Mexico. So says Fitch Ratings. After a no vote on a new airport was reached yesterday in a referendum that president-elect Andrés Manuel López Obrador (aka AMLO) put on a special ballot, investors turned a bit sour. Elected this summer, AMLO takes over the presidency in December. Mexico’s sovereign credit rating is

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Where Now for the Migrant Caravan Facing Trump’s Threats?

Where Now for the Migrant Caravan Facing Trump’s Threats?

With migrants from Honduras and elsewhere in Central America marching northward toward Mexico’s border with the U.S. in a thousands-strong “caravan,” U.S. President Donald Trump confronts an issue near to his heart. He’s seeking to make undocumented immigration a key issue in midterm congressional elections on Nov. 6 and threatens to cut U.S. aid to

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2018 New Magic Towns

2018 New Magic Towns

Enrique de La Madrid, Secretary of Tourism, held the award ceremony for the 10 New Magical Towns. During the opening of the 5th Edition of Magical Towns Fair, the Secretary said that the program, since it’s beginning in 2001, has become a driver of economic growth, local and regional development as well as a social benefit

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