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Feb 29, 2012

Fed’s Fisher says consumers driving U.S. pick-up

MEXICO CITY (Reuters) – Stronger consumer demand is driving a pick-up in the U.S. economy although risks remain, Dallas Fed President Richard Fisher said on Wednesday.

“We are beginning to see more consumption, we are consumption-driven in the United States and we are beginning to see a pick-up in the economy,” he said during a question-and-answer session at an event in Mexico.

Feb 26, 2012

G20 works for huge euro crisis rescue deal in April

MEXICO CITY, Feb 26 (Reuters) – The world’s leading
economies worked on Sunday to line up a deal on a second global
rescue package worth nearly $2 trillion to stop the euro-zone
sovereign debt crisis from spreading and putting at risk a
tentative economic recovery.

Germany said it would make a decision some time in March on
strengthening Europe’s bailout fund, a move other Group of 20
countries say is essential to clear the way for throwing extra
funds into the International Monetary Fund. The IMF would use
those funds to strengthen its firepower to handle crises in
Europe or elsewhere.

Feb 26, 2012

G20 works on huge rescue deal for April

MEXICO CITY, Feb 26 (Reuters) – The world’s leading
economies worked on Sunday to line up a deal on a second global
rescue package worth nearly $2 trillion to stop the euro-zone
sovereign debt crisis from spreading and putting at risk the
tentative recovery.

Germany said it would make a decision some time in March on

By combining new and existing resources to create a nearly
$2 trillion package, the G20 would strengthening Europe’s
bailout fund, a move other Group of 20 countries say is
essential to clear the way for throwing extra funds into the
International Monetary Fund in April. The IMF would use those
funds to strengthen its firepower to handle crises.

Feb 26, 2012

G20 moves to line up huge rescue deal for April

MEXICO CITY (Reuters) – The world’s leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.

Germany said it would make a decision some time in March on strengthening Europe’s bailout fund, a move other Group of 20 countries say is essential to clear the way for throwing extra funds into the International Monetary Fund.

Feb 26, 2012

Germany to decide on firewall in March: Schaeuble

MEXICO CITY (Reuters) – The German government will decide whether to boost the European bailout fund in March and its parliament is very likely to support any decision for more resources, Finance Minister Wolfgang Schaeuble said on Saturday.

Germany had pledged to review a proposal to beef up the European war chest to prevent further damage from the euro zone’s sovereign debt crisis, and would make its decision by the end of March, he said.

Feb 20, 2012

EU likely to adopt further sanctions against Syria: Germany

LOS CABOS, Mexico (Reuters) – The European Union will likely adopt fresh sanctions against the government of Syrian President Bashar al-Assad in the coming week, German Foreign Minister Guido Westerwelle said on Monday.

Germany and other Western powers have repeatedly called on Assad to step down to put an end to protests against his government, which have triggered a violent backlash from his security forces.

Jan 20, 2012

Mexican leftist juggles love and rage in election run

CHIAPA DE CORZO, Mexico, Jan 20 (Reuters) – For most of the
past five years, Andres Manuel Lopez Obrador has journeyed far
and wide across Mexico, railing against the corruption, fraud
and injustice he says cost him the presidency.

Seething over his wafer-thin election loss to conservative
Felipe Calderon in 2006, the fiery leftist shook Mexico with
some of the biggest street protests in its history, damning its
institutions and declaring himself the rightful president.

Jan 20, 2012

Mexican leftist juggles love and rage in election run

CHIAPA DE CORZO, Mexico, Jan 20 (Reuters) – For most of the
past five years, Andres Manuel Lopez Obrador has journeyed far
and wide across Mexico, railing against the corruption, fraud
and injustice he says cost him the presidency.

Seething over his wafer-thin election loss to conservative
Felipe Calderon in 2006, the fiery leftist shook Mexico with
some of the biggest street protests in its history, damning its
institutions and declaring himself the rightful president.

Jan 17, 2012

Nicaraguans worry about Ortega’s foreign friends

MANAGUA (Reuters) – Nicaragua’s left-wing President Daniel Ortega has won over many critics at home with a successful drive to cut poverty and spur business-friendly policies in Central America’s poorest country.

But his choice of friends abroad makes many Nicaraguans worry that the former guerrilla and Cold War icon is dragging down the country’s reputation and unnecessarily antagonizing the United States and other Western countries.

Jan 16, 2012

Mexican leftist plans change on “monopolies”, mining

TAPACHULA, Mexico (Reuters) – Leftist presidential hopeful Andres Manuel Lopez Obrador has pledged to break up Mexico’s “monopolies” and press foreign mining firms for higher taxes and better wages if elected on July 1.

Lopez Obrador, often vilified by opponents as a threat to private enterprise, said wresting control of large sections of industry from just a few hands was vital to revitalizing the economy.