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Mexico should cancel meeting if they won’t pay for the wall

Mexicans have reacted angrily to President Trump’s executive order, which among many things directed the U.S. government to begin immediate construction of a border wall. Mexican lawmakers are urging President Enrique Peña Nieto to cancel his scheduled visit to Washington, D.C., on Jan. 31. Peña Nieto has not said whether he will cancel the meeting.

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Jose Cuervo planning February IPO

Jose Cuervo the world’s largest tequila maker, is pushing forward with plans for an initial public offering after delaying the share sale last year, according to a person with knowledge of the matter. The company plans to start formally marketing the deal to investors with a multi-city roadshow this week and the offering may price

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Will Trade Talks isolate Mexico?

The U.S. and Canada feel that Mexico will be most affected by a  reworked NAFTA. While Pres. Trump will meet with Pres. Neto face-to-face, the President is sending his son-in-law Jared Kushner  to Calgary to meet with Justin Trudeau’s with the message that commerce is balanced and running smoothly north of the border. Trudeau’s cabinet gathered

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‘El Chapo’ pleads not guilty in U.S. court

El Chapo” Guzman appeared in a U.S. court on Friday after his surprise extradition from Mexico and pleaded not guilty to charges that he ran the world’s largest drug-trafficking organization during a decades-long criminal career. Guzman, 59, was accompanied by two court-appointed lawyers during the appearance in federal court in Brooklyn. He did not appear

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Safe Backpack program is back!

President Enrique Peña Nieto issued instructions to reinforce the rules in schools that prohibit weapons which could endanger the lives of students. “We do not want that this happen again,” said Peña Nieto, referring to the attack on Wednesday by a 15-year-old boy who opened fire on his classmates in a classroom in Monterrey and who committed suicide after

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New Mexican Ambassador to the U.S.

Mexico has appointed its third ambassador to the United States in less than a year. The government said in a statement on Friday that the new envoy to Washington would be Gerónimo Gutiérrez, who held senior posts in two previous Mexican administrations headed by the opposition center-right National Action party (PAN). “It’s a message of

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Slide in the peso currency was exaggerated: Carstens

Mexico’s central bank chief Agustin Carstens said that a recent increase in prices does not reflect a sustained pick-up in inflation and that the slide in the peso currency was exaggerated. Carstens said a depreciation in the peso had boosted core inflation but added that exchange rate fluctuations should not automatically affect prices across the

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911 starts up!

January 11, 2017 Mexico is finally getting a single, nationwide emergency number like the U.S. has, and the number is 911. Last Monday started to be available in Sinaloa, Guerrero, Mexico City, Baja California Sur, Campeche, Querétaro, San Luis Potosí, Tabasco, Aguascalientes, Hidalgo, Jalisco, Estado de México, Tamaulipas, Veracruz, Yucatán, and  Michoacán. In Mexico’s previous

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Mexico, US sign framework on electricity grid

January 9, 2017 U.S. Energy Secretary Ernest Moniz was in Mexico Saturday to sign a framework agreement on principles aimed at building the kind of cross-border electricity market with Mexico that the United States already has with Canada. Moniz said the potential for a mutually beneficial relationship is there. Wind turbines in Mexico’s Baja California

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“New” Agreement to help the Economy

January 9, 2017 As a response to the protests throughout Mexico for the rise in gasoline prices, President Enrique Pena, announced today an Economic Agreement to support family well-being. Similar agreements has been signed in the past during troubled times and economic meltdowns. The agreement signed by business and agriculture associations represents a commitment to avoid an unjustified increase in

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American man arrested in shooting of U.S. official in Mexico

January 8, 2017 Mexican authorities have arrested a man believed to be responsible for the non-fatal shooting of a U.S. consulate employee in Guadalajara,  The suspect, at the time of his arrest Sunday, had in his possession a .38-caliber pistol and a wig.  A spokesperson at the Jalisco state prosecutor’s office confirmed that the suspect

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US consular official shot in Guadalajara

January 7, 2016 A U.S. consular officer in Mexico was shot in his car Friday evening, and the FBI is offering a $20,000 reward for information leading to the identification of the shooting suspect. Surveillance video released by the Consulate General in Guadalajara showed a man in a purple shirt, dark pants and white shoes

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Who will pay for the wall?

Donald Trump said that Mexico would pay for his planned border wall “later” after Republican officials indicated Congress and US taxpayers would first foot the bill. The president-elect responded after reports citing Republican officials said Congress might make funds available for the wall, saying this would just be for the “sake of speed”. He added

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Angry protests against fuel price increases

January 5, 2017 In most cities in Mexico, protesters have blockaded highways, looted shops and forced service stations to close in a wave of angry protests triggered by a hike of more than 20% in the government-set price of gasoline. The announcement of the price increase came on 1 January – when long queues of

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Videgaray is back as Mexico’s Foreign Minister

January 5, 2017 Mexican President Enrique Peña Nieto has named the man behind his controversial meeting with Donald Trump last August to a new position as Foreign Minister, as the country readies to deal with the new U.S. President. Luis Videgaray, who was forced to resign from his post as Finance Minister after Trump’s trip

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