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Mexican Peso jumps after Lopez Obrador’s conversation with Trump

Mexican Peso jumps after Lopez Obrador’s conversation with Trump

Mexico’s peso led gains among emerging-market currencies as sentiment improved overnight on speculation that Andres Manuel Lopez Obrador, the country’s next president, may seek a congenial relationship with his U.S. counterpart. The currency climbed nearly 2 percent to 19.5745 per dollar, which would be the strongest closing level in more than a month. The peso

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AMLO’s Presidential Win

AMLO’s Presidential Win

With respect to AMLO’s (Andrés Manuel López Obrador’s) becoming México’s new President, I agree with Laura Chinchilla, the former President of Costa Rica who told the New York Times: “The results are not endorsements of ideologies, but rather demands for change, a fatigue felt by people waiting for answers that simply have not arrived.” The

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El Chapo may not have been leader of drug cartel, say Lawyers

El Chapo may not have been leader of drug cartel, say Lawyers

A lawyer for Joaquin Guzman, the Mexican drug lord known as “El Chapo”, said Tuesday that he believed U.S. prosecutors had evidence that his client was a mere “lieutenant” in Sinaloa Cartel, not a leader as prosecutors claim. Lawyer Eduardo Balarezo said at a hearing in Brooklyn federal court that prosecutors had disclosed evidence of

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Cyberattacks in Mexico Raise Alarm Bells Ahead of Sunday’s Election

Cyberattacks in Mexico Raise Alarm Bells Ahead of Sunday’s Election

Cyber attacks against Mexican financial institutions and reports of alleged election interference around the world are fueling concerns among analysts that the nation’s presidential vote on Sunday may become a target for hackers. While Mexicans will cast their vote July 1 by paper ballot, electronic systems will be used to tally and transmit the results, which the

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Michoacan town’s entire police force detained after murder

Michoacan town’s entire police force detained after murder

The entire police force of the Mexican town of Ocampo has been detained on suspicion of involvement in the murder of a mayoral candidate. Fernando Ángeles Juárez, 64, was shot dead by unknown gunmen on Thursday outside one of his properties. More than 100 politicians have been killed across Mexico ahead of general elections on

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Mexico calls migrant children separation ‘inhumane’, urges rethink

Mexico calls migrant children separation ‘inhumane’, urges rethink

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

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Mexico Has a Pretty Good Reason to Hold Off on Peso Intervention

Mexico Has a Pretty Good Reason to Hold Off on Peso Intervention

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

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Hurricane Aletta Rapidly Intensifies Into a Category 4 Hurricane

Hurricane Aletta Rapidly Intensifies Into a Category 4 Hurricane

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

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Independent candidate Zavala quits Presidential race

Independent candidate Zavala quits Presidential race

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

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Thieves suck millions out of Mexican banks in transfer heist

Thieves suck millions out of Mexican banks in transfer heist

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

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Suspect in murder of journalist Javier Valdez arrested

Suspect in murder of journalist Javier Valdez arrested

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

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Central American ‘migrant caravan’ reaches US-Mexico border

Central American ‘migrant caravan’ reaches US-Mexico border

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,

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Mexico’s presidential debate: What each candidate said

Mexico’s presidential debate: What each candidate said

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

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Carlos Slim jumps into Mexico election spat over airport

Carlos Slim jumps into Mexico election spat over airport

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 –

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New cruise line to launch for Mexican domestic market.

New cruise line to launch for Mexican domestic market.

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

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