Latest Mexico News
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Atletico Mineiro hold Tijuana to 2-2 draw
Second-half substitute Luan struck an injury-time equaliser to earn Atletico Mineiro a 2-2 draw against Tijuana in their Copa Libertadores quarterfinal first leg. Colombian striker Duvier Riascos opened the scoring for the Mexican club at the Estadio Caliente after a slick one-two with compatriot Dayro Moreno in the 13th minute Thursday, reports Xinhua. The home side then made it 2-0 early in ...
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Mexican woman gets first transplant of ovaries in Latin America
A Mexican woman received Latin America's first transplant of ovaries in a hospital in the western city of Guadalajara, the director of the Mexican Infertility Institute, Luis Arturo Ruvalcaba, announced. Ruvalcaba told EFE by telephone that the patient is a 32-year-old women who had developed cervical and uterine cancer that was detected and treated in France. "The ethics committee of the ...
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Retired Vancouver police officer dead in Mexico recalled as friend animal lover
A retired Canadian police officer slain in Mexico is being remembered as a generous and loving woman who dedicated a lot of her time to helping animals.News reports in Mexico say Lynn Earle, 60, was found stabbed to death in her home in Playa del Carmen earlier this week.She retired from the West Vancouver Police Department in ...
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Mexico far fewer people disappeared than feared
MEXICO CITY (AP) -- Mexico's top security official said Friday that far fewer people disappeared during Mexico's drug war than were feared when the government released a list of about 26,000 ...
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Mexican Mafia’s ‘tax man’ gets 22 years in prison
SAN DIEGO — A member of the Mexican Mafia who collected tens of thousands of dollars in ';taxes'; from drug dealers responsible for distributing methamphetamine and other drugs on the streets of San Diego was sentenced Friday to almost 22 years in federal prison. Salvador Nicola Colabella, 54, pleaded guilty last August to a racketeering conspiracy charge. ';Today’s ...
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UPDATE 2-Investors boost direct investment in Mexico cut stocks
Fri May 24, 2013 6:44pm EDT MEXICO CITY May 24 (Reuters) - A healthy boost in foreign direct investment in the first quarter underscored confidence in Latin America's No. 2 economy even as investment flows into the country's stocks and bonds moderated, central bank data showed on Friday. Foreign direct investment reached $4.99 billion in the first quarter after touching negative ...
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Last Brother From Mexicos Arellano Felix Cartel Pleads Guilty in U.S.
SAN DIEGO -- Former Mexican drug lord Eduardo Arellano Felix, the last of four brothers captured or killed in connection with a once-powerful Tijuana-based cartel depicted in the Oscar-winning film "Traffic," pleaded guilty to U.S. drug charges on ...
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Mexico eyeing retaliatory measures in U.S. meat labeling dispute
MEXICO CITY | Fri May 24, 2013 6:18pm EDT MEXICO CITY May 24 (Reuters) - Mexico is considering imposing retaliatory trade measures on the United States in a dispute over meat labeling, the country's economy ministry said on Friday. Mexico said new U.S. rules for meat labeling were even more onerous than a set of regulations that the World Trade Organization (WTO) declared were ...
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EMERGING MARKETS-Latam stocks unchanged despite China Fed worries
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa, Mexico IPC flat; Chile IPSA down 0.94 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Latin American stocks were largely flat on Friday despite concerns over weak economic growth in China and a possible winding down of the U.S. Federal Reserve Bank's asset-buying program. Latin American markets also suffered this ...
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Mexican Mafia Member Sentenced in Racketeering Conspiracy
United States Attorney Laura E. Duffy announced that Mexican Mafia member Salvador Nicola Colabella was sentenced today by United States District Judge Anthony J. Battaglia to serve 262 months in federal prison based on his August 9, 2012 plea to RICO conspiracy charges, in violation of Title 18, United States Code, Section 1962(d). Colabella has been in custody since his arrest on January 25, ...
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Former West Vancouver policewoman found murdered in her home on Mexico’s Mayan Riviera
The annual Cannes festival on the French Riviera is the grandest platform in the world for the highest ambitions of film, a place where the art form is worshipped with wild passion and adoring ...
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Cave Paintings Found In Mexico 5000 Ancient Works Depict Humans Animals
The 4,926 paintings were found in Burgos , in the mountainous northeastern state of Tamaulipas, in Mexico, reports the BBC. The beautiful pictures, cataloged with the help of the Mexican National Institute of Anthropology and History (INAH), were presented by researcher Martha Garca Snchez at the second meeting of Historic Archaeology, in Mexico City's National History ...
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REUTERS SUMMIT-Latam markets jolt from a Fed exit should be brief
By Daniel Bases and Krista Hughes May 24 (Reuters) - Latin America should suffer just a short, sharp shock to its financial markets when the U.S. Federal Reserve starts to taper its super easy monetary policy as investors remain convinced of ...
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Mexico oil output holds steady in April at 2.518 mln bpd
MEXICO CITY | Fri May 24, 2013 5:07pm EDT MEXICO CITY May 24 (Reuters) - Mexico's state oil monopoly Pemex said on Friday it produced an average 2.518 million barrels of crude oil per day in April, just up over March's daily average of 2.516 million ...
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Former West Van police officer found stabbed to death in Mexico
A retired West Vancouver police officer has been stabbed to death in Mexico, as two other Metro Vancouver families issue pleas for help to find relatives missing in the popular holiday destination.The body of a woman was discovered Wednesday morning at a home in Playa del Carmen, according to Mexican media reports. She was identified by friends on social media as 60-year-old Lynne Earle.Earle ...
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Mexican national sentenced to 12 years for meth distribution
Nelson Fernando Garcia-Soto, 39, was sentenced Friday to 148 months in prison for possession and intent to distribute over 50 grams of methamphetamine, U.S. Attorney Wendy J. Olson announced. Garcia was a Mexican national living in Boise until his arrest in 2011. In addition, Chief U.S. District Judge B. Lynn Winmill ordered Garcia to serve five years of supervised probation. According to ...
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Broader Mexican eInvoicing Mandate Looms Potential to Affect a Half-Million Companies
Atlanta, GA, May 24, 2013 (GLOBE NEWSWIRE) -- With Mexico's Servicio de Administracion Tributaria (SAT) expected to announce - perhaps in the next weeks - expansion of an electronic invoicing mandate, companies need to begin planning for transition now to avoid non-compliance and costly fines, says Scott Lewin, CEO of Invoiceware International, a leading Latin American eInvoicing ...
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Tijuana cartel leader pleads guilty
SAN DIEGO — One of four brothers who ran Tijuana’s notorious Arellano Felix drug cartel for nearly 20 years pleaded guilty in San Diego Friday to federal charges of conspiracy to launder money and conspiracy to invest illicit drug proceeds. Eduardo Arellano Felix, 56, faces a maximum of 15 years in prison when he is sentenced Aug. 19. U.S. District Court Judge Larry Burns told the ...
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RPT-Mexicos current account deficit narrows in Q1
MEXICO CITY May 24 (Reuters) - Mexico's current account deficit notched $5.53 billion in the first quarter, the central bank said on Friday, narrowing from the fourth quarter of last ...
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Mexican homebuilder Urbi seeks to reduce impact of payment freeze
MONTERREY, Mexico | Fri May 24, 2013 1:51pm EDT MONTERREY, Mexico May 24 (Reuters) - Troubled Mexican homebuilder Urbi, struggling with flagging sales and a heavy debt load, said it is looking to minimize the impact of a suspension in payments from state mortgage-lenders to Urbi and two other homebuilders. Two state mortgage-lenders, Infonavit and Fovissste, on Thursday stopped payments ...
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Fitch Rates Famsas Usd$250mm Notes B+rr4
(The following statement was released by the rating agency) MONTERREY/NEW YORK, May 24 (Fitch) Fitch Ratings assigns a 'B+/RR4' rating to the 7.25% USD250 million notes, due 2020, issued by Grupo Famsa, S.A.B. de C.V. (FAMSA). Fitch currently ...
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RCO prices first Mexico toll-road bond since 2006
By Paul Kilby Fri May 24, 2013 12:31pm EDT NEW YORK, May 24 (IFR) - Red de Carreteras de Occidente (RCO) has put to bed a rare international toll-road bond out of Mexico, playing its role in developing a new asset class for corporate peso bonds distributed to both foreigners and locals and creating more complex project structures. RCO's Ps7.5bn 15-year amortiser is thought to be the first ...
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UPDATE 1-Investors trim flows into Mexico in first quarter
MEXICO CITY, May 24 (Reuters) - Foreign investors nearly halved their investment in Mexican stocks and bonds in the first quarter compared to the same period last year, central bank data showed on Friday, scaling back from record heights. ...
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Mexican peso falls to lowest level since mid-March
MEXICO CITY, May 24 (Reuters) - Mexico's peso fell sharply on Friday to its lowest level since mid-March. The peso dropped 1.28 percent to trade at 12.549 pesos per ...
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EMERGING MARKETS-Latam FX drops as data adds to fear of Fed ...
RIO DE JANEIRO, May 24 (Reuters) - Latin American currencies fell on Friday as strong U.S. manufacturing data added to fears of a possible tapering of U.S. stimulus, which provide a steady source of dollars seeking higher returns in emerging ...
Mexico Feature
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Mexico has more to it than drugs and immigration
As Mexico’s image suffers damage abroad due to increasing levels of violence related to the drug crack-down by government, it may be helpful for Mexicans to remember that there is more to their country than drugs and immigration problems with the US. Some facts may be surprising and even shocking, especially to foreigners.
Mexico has been in the news frequently of late as the government carries out a crack-down on drug cartels and organized crime, the country’s murder rate is up, journalists have been killed for investigative reporting on drug gangs and our image internationally has generally been diminished by the tunnel vision of international news providers. Read more
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