Mexico’s foreign minister Luis Videgaray on Tuesday called the separation of children from immigrant parents at the U.S.-Mexico border “cruel and inhumane” and urged the United States to reconsider the practice. Images published this week of children and youths sitting in concrete-floored cages in U.S. shelter facilities have stirred outrage. U.S. officials have defended the
Mexico’s peso has tumbled this month, prompting speculation that the central bank may step in to support the currency amid stalled Nafta negotiations and electoral uncertainty. One metric, however, indicates that Banxico may stay on the sidelines for now. The peso’s market liquidity, as measured by the daily bid-ask spread, is far smaller now than
The First Major Hurricane in the Western Hemisphere in 2018 Hurricane Aletta has rapidly intensified into a Category 4 hurricane, the first major hurricane of the 2018 Eastern Pacific hurricane season, while another area off the Mexican coast is expected to become the second named storm by this weekend or early next week. Aletta is centered just under 500
Mexican independent presidential candidate Margarita Zavala is quitting the race ahead of the nation’s July 1 vote, a move that potentially boosts the chances for the major-party rivals to leftist front-runner Andres Manuel Lopez Obrador. Zavala announced her decision on Wednesday in an interview recorded with broadcaster Televisa and posted on the Twitter account of
Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government’s investigation said. Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of
Authorities announce the arrest of a suspect over the killing of prominent crime journalist Javier Valdez. Mexican police have detained a suspect in the murder of an internationally acclaimed journalist who reported on the country’s drug trade and organised crime. Javier Valdez was shot in May 2017 in broad daylight outside the offices of his publication, Riodoce, in Culiacan, the
US lawyer to hold clinics to explain what the Central Americans can expect during their applications for asylum. About 130 immigrants from Central America have arrived in the US-Mexico border in a so-called caravan. They are expected to seek asylum in the United States. The immigrants, who arrived at Tijuana on Wednesday evening, are currently staying at two immigrant shelters,
The five candidates faced off in the first of three presidential debates. Mexico’s five presidential candidates have faced off in the first of three televised debates ahead of the country’s elections on July 1. The presidential hopefuls focused on issues of governance and security, as well as corruption and democracy. Here’s all you need to
Mexican billionaire Carlos Slim defended one of his prized investments on Monday – a huge new airport for Mexico City – against the leading candidate for the country’s presidential election, who has threatened to cancel the project. In a rare foray into politics, Mr Slim – the world’s fifth-richest man, according to Forbes magazine –
British based cruise operator, CMV Travel & Leisure Group Limited (CMV) is pleased to announce the deployment of the 46,052grt Magellan to the Pacific Coast of Mexico for winter 2019 to support the launch of an exciting Cruceros Marítimos Vacacionales and Mexican Riviera cruise programme – aimed exclusively at the Mexican domestic market. Magellan will commence operations
After days of President Donald Trump’s aggressive rhetoric against immigration via Mexico, Mexican President Enrique Peña Nieto delivered a stern response to his US counterpart, telling him that “nothing and no one stands above the dignity of Mexico.” The five-minute-long speech was delivered in Spanish and posted in a video on the Mexican President’s Twitter account on Thursday.
The Trump administration is crafting legislation to make it harder for refugees to gain asylum in the U.S. and loosen restrictions on detaining immigrants apprehended near the border, a senior White House official said. Administration officials complain that border control agents can’t detain families and unaccompanied children long enough and that asylum rules are too
Nafta renegotiations are the biggest threat to the Mexican peso this year, outweighing concern about the nation’s presidential election, according to a survey of more than 100 foreign exchange professionals surveyed by Bloomberg at a recent event in Mexico City. Of those surveyed, 46 percent said the fate of the $1 trillion trade pact is
Mexico’s presidential candidate Andres Manuel Lopez Obrador is leading by only 5 percentage points in the latest opinion poll, a sign the race may be getting tighter as the July election draws near. Lopez Obrador, known as AMLO, led with 37 percent of voting intention, followed by Ricardo Anaya of the National Action Party-led coalition
Mexican prosecutors say they have arrested a man who allegedly played a decisive role in the disappearance of 43 college students in 2014. The Attorney General’s Office says the suspect probably belonged to the Guerreros Unidos drug cartel. Prosecutors have said that corrupt police in the state of Guerrero handed the students over to cartel
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