Dave's Feed
Mar 29, 2011

Mexico: another BRIC in the wall?

MEXICO CITY (Reuters) – Though it exports more than Brazil and India and enjoys the kind of population growth Russia can only dream about, Mexico has long been in the shadow of its more dynamic emerging market cousins.

Today Mexico has a growing body of supporters who believe it is closing the gap on the so-called BRIC nations as a driver of global growth, powered by rising competitiveness and the willingness to capitalize on untapped financial resources.

Mar 28, 2011

Analysis: Mexico: another BRIC in the wall?

MEXICO CITY (Reuters) – Though it exports more than Brazil and India and enjoys the kind of population growth Russia can only dream about, Mexico has long been in the shadow of its more dynamic emerging market cousins.

Today Mexico has a growing body of supporters who believe it is closing the gap on the so-called BRIC nations as a driver of global growth, powered by rising competitiveness and the willingness to capitalize on untapped financial resources.

Mar 15, 2011

Mexico security fears grow for U.S. firms: survey

MEXICO CITY (Reuters) – Security fears at U.S. companies in Mexico have increased over the past year, fueled by growing concern about the threat from drug cartels, a poll by the American Chamber of Commerce of Mexico showed.

Some 67 percent of respondents in the study published on Tuesday said the security situation in Mexico had worsened in 2010, a rise of nine percentage points from the previous year.

Mar 3, 2011

Drug war dispute to dominate Obama-Calderon meeting

MEXICO CITY/WASHINGTON (Reuters) – Mexican President Felipe Calderon will press President Barack Obama to crack down on U.S. drug consumption and illegal arms sales when they meet on Thursday to smooth over troubles in their drugs war alliance.

Calderon last week accused the United States of damaging efforts to beat back drug cartels, just days after one of the worst attacks on U.S. officials in Mexico left one Immigration and Customs Enforcement (ICE) agent dead and another wounded.

Feb 23, 2011

Mexico arrests suspect in U.S. agent’s killing

MEXICO CITY (Reuters) – The Mexican army said on Wednesday it had arrested a suspect in the roadside killing of a U.S. Immigration and Customs Enforcement agent in Mexico last week that sparked outrage in the United States.

A second ICE agent was wounded in the shooting on a major highway near the central city of San Luis Potosi, north of the capital, in one of the worst attacks on U.S. agents in Mexico in more than a decade and a sign of Mexico’s worsening drug war.

Feb 3, 2011

Analysis: German political radar turns toward immigrant debate

BERLIN (Reuters) – Take a declining population, stir in fears of economic collapse, add a bestselling book on the perils of Muslim immigration and you have the ideal mix for a political scrap about the integration of minorities in Germany.

Chancellor Angela Merkel’s ruling coalition this year faces seven state elections, one of which for the first time pits established parties against a group founded by Germans of Turkish origin whose stated mission is to improve integration.

Jan 25, 2011

German domestic elections frame Europe debate

BERLIN (Reuters) – German resistance to bankrolling European bailouts is likely to stiffen this year as Chancellor Angela Merkel’s embattled conservatives face 25 million voters in state elections with an untested crop of politicians.

An unprecedented number of senior lawmakers have quit Merkel’s Christian Democrats CDU.L in recent months and the fate of the party is now tied to its leader as never before. Merkel will be anxious to downplay fears that German taxpayers could face additional burdens in Europe’s sovereign debt crisis.

Jan 24, 2011

Analysis – German domestic elections frame Europe debate

BERLIN (Reuters) – German resistance to bankrolling European bailouts is likely to stiffen this year as Chancellor Angela Merkel’s embattled conservatives face 25 million voters in state elections with an untested crop of politicians.

An unprecedented number of senior lawmakers have quit Merkel’s Christian Democrats (CDU) in recent months and the fate of the party is now tied to its leader as never before. Merkel will be anxious to downplay fears that German taxpayers could face additional burdens in Europe’s sovereign debt crisis.

Dec 29, 2010

Lost sailors haunt pilot who helped sink “Bismarck”

By Dave Graham

BLAINSLIE, Scotland (Reuters Life!) – John Moffat’s sparkling eyes grow dim when he remembers the 2,000 sailors swallowed up by the Atlantic after his torpedo bombers consigned the German battleship Bismarck to its doom nearly 70 years ago.

“That still haunts me. It was a terrible sight. All these heads bobbing up and down in the huge waves, and not a chance in hell of being saved,” Moffat, 91, told Reuters in an interview.

Dec 15, 2010

Spain receives debt warning before EU summit

MADRID/BERLIN (Reuters) – Ratings agency Moody’s warned Spain on Wednesday that its debt could be downgraded and Portugal took steps to revive its economy amid concerns about euro zone debt contagion on the eve of a European Union summit.

Moody’s said it was worried about Spain’s high debt funding needs, its heavily indebted banks and its regional finances, but it did not expect Madrid would have to follow Greece and Ireland in seeking an EU bailout.