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Feb 22, 2014

Profile – Captured drug lord ‘Chapo’ Guzman a cunning and brutal businessman

MEXICO CITY (Reuters) – Joaquin “Shorty” Guzman, the world’s most wanted drugs lord, fought his way up from a ramshackle mountain village to become the Mexican government’s most powerful adversary in a war that has claimed tens of thousands of lives.

Guzman, who U.S. and Mexican security sources said on Saturday was captured in Mexico, gained power by crushing rivals in brutal turf wars and dominated drug smuggling across the border into the United States after escaping from a high-security prison in 2001.

Feb 22, 2014

Captured drug lord “Chapo” Guzman a cunning and brutal businessman

MEXICO CITY (Reuters) – Joaquin “Shorty” Guzman, the world’s most wanted drugs lord, fought his way up from a ramshackle mountain village to become the Mexican government’s most powerful adversary in a war that has claimed tens of thousands of lives.

Guzman, who U.S. and Mexican security sources said on Saturday was captured in Mexico, gained power by crushing rivals in brutal turf wars and dominated drug smuggling across the border into the United States after escaping from a high-security prison in 2001.

Jan 1, 2014

Chinese iron trade fuels port clash with Mexican drug cartel

LAZARO CARDENAS, Mexico, Jan 1 (Reuters) – When the leaders
of Mexico and China met last summer, there was much talk of the
need to deepen trade between their nations. Down on Mexico’s
Pacific coast, a drug gang was already making it a reality.

The Knights Templar cartel, steadily diversifying into other
businesses, became so successful at exporting iron ore to China
that the Mexican Navy in November had to move in and take over
the port in Lazaro Cardenas, a city that has become one of the
gang’s main cash generators.

Dec 17, 2013

Analysis: Mexican president races through reforms but risks loom

MEXICO CITY (Reuters) – A year ago, President Enrique Pena Nieto took office vowing a root-and-branch reform of Mexico’s economy even though he had no majority in Congress and faced accusations from the main opposition parties that he stole the election.

He has since passed a major education overhaul, shaken up oversight of the telecommunications market, pushed through reforms of the tax system and banking rules and put an end to Mexico’s 75-year-old oil and gas monopoly.

Dec 12, 2013

Mexican Congress passes radical shake-up of oil industry

MEXICO CITY (Reuters) – Mexico’s Congress on Thursday overwhelmingly voted to open up the country’s oil and gas sector to private investment in the biggest overhaul of the industry since it was nationalized in 1938.

After a whirlwind final passage through Congress, President Enrique Pena Nieto’s bill will offer companies the chance to operate oil wells, commercialize crude and partner with state oil giant Pemex as Mexico seeks to revive flagging output.

Dec 12, 2013

Mexico’s landmark energy bill nears final approval

MEXICO CITY (Reuters) – Mexico’s Congress on Thursday was poised to complete approval of the biggest overhaul of its oil industry since nationalization 75 years ago, opening the door to investment by foreign oil companies in a bid to reverse falling output.

The energy bill is a cornerstone of an ambitious reform agenda spanning telecoms to bank lending that President Enrique Pena Nieto hopes will boost growth in Latin America’s No. 2 economy, which for years has lagged regional peers.

Dec 12, 2013

Mexico energy bill near approval as lower house fast-tracks debate

MEXICO CITY (Reuters) – Mexico’s lower house of Congress on Wednesday fast-tracked debate of an energy reform that would permit the biggest oil industry opening in 75 years, putting the bill closer to final approval after the Senate signed off on it earlier in the day.

Lawmakers in the lower house voted to bypass committees for energy and constitutional matters after leftists, who are railing against the bill in the world’s No. 10 oil producer, padlocked doors to the chamber to prevent a debate.

Dec 12, 2013

Mexico Senate passes energy bill; leftists seek to derail

MEXICO CITY (Reuters) – Mexico’s Senate on Wednesday approved an energy reform to permit the biggest oil industry opening in 75 years, sending it to the lower house where leftists padlocked doors to the chamber to stop lawmakers from debating the bill.

The reform in the world’s No. 10 oil producer, backed by the ruling Institutional Revolutionary Party, or PRI, and the opposition conservative National Action Party (PAN), was sent to the lower house for debate and final approval.

Dec 11, 2013

Mexico Senate passes energy bill; goes to lower house

MEXICO CITY (Reuters) – Mexico’s Senate on Wednesday passed an energy bill that aims to lure private capital into the state-run oil and gas industry, in the biggest strategic shift since the world’s No. 10 oil producer nationalized the sector in 1938.

The reform, backed by the ruling Institutional Revolutionary Party, or PRI, and the opposition conservative National Action Party (PAN), was sent to the lower house for debate and final approval.

Dec 11, 2013

Mexico Senate passes energy bill, lower house OK pending

MEXICO CITY (Reuters) – Mexico’s Senate on Wednesday signed off on an energy bill that aims to lure private capital into the state-run oil and gas industry in the biggest shake-up since a 1938 nationalization, sending it to the lower house for debate and final approval.

The reform, backed by the ruling Institutional Revolutionary Party, or PRI, and the opposition conservative National Action Party (PAN), will mark the biggest strategic shift since the world’s No. 10 oil producer nationalized the sector in 1938.