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Mar 21, 2012

Big earthquake rattles Mexico, no major damage

MEXICO CITY, March 20 (Reuters) – A major earthquake struck
Mexico on Tuesday, unleashing panic as it damaged hundreds of
buildings and caused homes in the capital to bounce like
“trampolines”.

Office workers fled into the street when the 7.4-magnitude
quake shook Mexico City for more than a minute. Cell phone lines
went down, buildings were evacuated, traffic snarled and the
stock exchange had to suspend trading early.

Mar 20, 2012

Big earthquake hits Mexico, no major damage reported

MEXICO CITY, March 20 (Reuters) – A major earthquake struck
Mexico on Tuesday, damaging buildings, scaring residents and
prompting evacuations across the capital, although there were no
early reports of serious damage.

Office buildings shook and office employees fled into the
street when the 7.6-magnitude quake rattled Mexico City. Cell
phone lines went down and traffic snarled in the capital moments
after the quake, which lasted for more than a minute.

Mar 17, 2012

Mexican front-runner eyes quick reforms: aide

MEXICO CITY (Reuters) – A government headed by Mexican presidential front-runner Enrique Pena Nieto would seek to tap foreign capital markets more and push ahead quickly with energy and tax reforms if he wins the July 1 election, his campaign chief said on Friday.

Luis Videgaray, seen by many as a potential finance minister under Pena Nieto, who belongs to the opposition Institutional Revolutionary Party (PRI), told Reuters that his candidate was adamant about the need to boost sluggish domestic lending.

Mar 14, 2012

Splits rattle Mexican ruling party before election

MEXICO CITY (Reuters) – The unity that helped Mexico’s ruling conservatives end seven decades of one-party rule is cracking under the weight of infighting, scandal and defections that threaten their hopes of retaining the presidency in July.

Eleven years after President Felipe Calderon’s National Action Party, or PAN, first took power, the party is battling accusations it has succumbed to corruption and vote-rigging, and betrayed its founding principles.

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.