Dave's Feed
Jun 8, 2014

Mexican president hints may be open to change in marijuana laws

MEXICO CITY (Reuters) – Mexico and the United States cannot pursue diverging policies on marijuana legalization, Mexican President Enrique Pena Nieto was quoted as saying on Sunday, hinting he may be open to following the lead taken by some U.S. states in changing drug laws.

Political pressure has grown in Mexico to take a more liberal stance on marijuana since Washington and Colorado decided to legalize possession and sale of the drug for recreational use in 2012. Other U.S. states plan votes soon.

May 19, 2014

Mexican opposition party re-elects leader in boost for reforms

MEXICO CITY (Reuters) – The leader of Mexico’s biggest opposition party comfortably won re-election on Sunday, boosting President Enrique Pena Nieto’s efforts to enact measures to open up the oil industry and increase competition in the telecoms sector.

The center-right National Action Party (PAN), has been badly divided by an internal power struggle centering on how far the party should cooperate with Pena Nieto’s Institutional Revolutionary Party (PRI), which lacks a majority in Congress.

Apr 28, 2014

Mexican reform drive bogged down by opposition strife

MEXICO CITY (Reuters) – In his first year in power, Enrique Pena Nieto raced to push through Congress the most ambitious reforms Mexico has seen in a generation, raising hopes of a new dawn for Latin America’s second largest economy.

But this year the Mexican president’s sprint has slowed to a walk with Congress mired in opposition disputes that are holding up the legislation that is supposed to end years of anemic growth.

Apr 24, 2014

Mexico’s Slim, Telekom Austria reach ownership deal

VIENNA/MEXICO CITY (Reuters) – Mexico’s Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.

Slim’s telecoms group, America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz), agreed to back a 1 billion euro capital increase for Telekom Austria (TELA.VI: Quote, Profile, Research, Stock Buzz) and to pay 7.15 euros a share for the company’s outstanding stock, in a co-ownership deal combining its stake with that of Austrian state holding company OIAG.

Apr 23, 2014

Mexico’s Slim reaches deal for control of Telekom Austria

VIENNA/MEXICO CITY (Reuters) – Mexico’s Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.

Slim’s telecoms group, America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz), agreed to back a 1 billion euro capital increase for Telekom Austria (TELA.VI: Quote, Profile, Research, Stock Buzz) and to pay 7.15 euros a share for the company’s outstanding stock, in a co-ownership deal combining its stake with Austrian state holding company OIAG’s holdings.

Apr 21, 2014

Independent Scotland’s last gasp forgotten in Panama jungle

CALEDONIA, Panama (Reuters) – A few years before giving up its independence, Scotland took a bold gamble to secure a brighter future, founding a colony on the isthmus of Panama to corner trade between the Pacific and Atlantic oceans.

The 1698 venture ended in tragedy, helping to push Scotland into political union with England and form the United Kingdom. But had it succeeded, Scots might have no need to vote in the referendum on independence this coming September.

Apr 18, 2014

Powerful earthquake rattles Mexico, shakes buildings

MEXICO CITY (Reuters) – A powerful earthquake struck Mexico on Friday, shaking buildings in the capital and sending people running out into the street, although there were no early reports of major damage.

The magnitude 7.2 quake was centered in the southwestern state of Guerrero, close to the Pacific beach resort of Acapulco, the U.S. Geological Survey (USGS) said.

Mar 20, 2014

Mexico bill to curb Slim’s empire due this week: lawmaker

MEXICO CITY (Reuters) – Mexico will send legislation to Congress this week to flesh out a reform that seeks to curb the power of telecoms mogul Carlos Slim and the country’s top broadcaster, Televisa, a senior lawmaker said on Wednesday.

Slim and Televisa have dominated their industries in Mexico for years, and one aim of the shake-up is to cut their share of the market to below 50 percent.

Mar 10, 2014

Mexico says kills drug kingpin reported dead years ago

MEXICO CITY (Reuters) – A Mexican drug lord who had been falsely reported dead more than three years ago was killed in a shootout with federal forces in western Mexico early on Sunday, the government said.

Nazario Moreno led a powerful criminal gang that has ravaged the western state of Michoacan, and was known as “El Mas Loco,” or “The Craziest One.” He had been reported killed by the government in a firefight in December 2010, but his body was never recovered and he was widely believed to be still alive.

Mar 10, 2014

Mexico kills drug kingpin reported dead years ago: official

MEXICO CITY (Reuters) – A Mexican drug lord who had been reported dead more than three years ago was killed in a shootout with federal forces in western Mexico early on Sunday, a government official said.

Nazario Moreno led a powerful criminal gang that has ravaged the western state of Michoacan, and was known as “El Mas Loco,” or “The Craziest One.”