Correspondent, Mexico
Mica's Feed
Nov 7, 2015

NY attorney general wields powerful weapon in Exxon climate case

NEW YORK (Reuters) – A near century-old statute that gives New York state prosecutors unusually broad authority to prosecute securities fraud could prove a powerful weapon as Attorney General Eric Schneiderman probes Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) over whether the oil firm mislead the public and shareholders about the perils of climate change.

The 1921 Martin Act, a wide-reaching state law, was dusted off in the early 2000s by former New York Attorney General Eliot Spitzer who used it to aggressively go after Wall Street firms.

Nov 3, 2015

Candidate for FIFA presidency Sexwale warns against ‘sponsor activism’

NEW YORK, Nov 3 (Reuters) – Major sponsors of world soccer went too far when they issued calls last month for the resignation of FIFA President Sepp Blatter, South African businessman Tokyo Sexwale and candidate to succeed Blatter, said on Tuesday.

In September, Swiss authorities said they were opening a criminal investigation into Blatter, who has led FIFA since 1988. It was the latest blow to FIFA’s reputation after U.S. prosecutors announced indictments in May accusing top soccer officials and marketing executives of multi-million dollar bribery schemes over 24 years.

Nov 3, 2015

FIFA reform will be limited, says head of panel proposing changes

NEW YORK (Reuters) – The Swiss lawyer heading up a committee charged with reforming the structure and management of world football body FIFA says major changes to the organisation’s voting structure and imposing term limits on executive committee members will be difficult to achieve in the short term.

Francois Carrard, a former International Olympic Committee (IOC) director general, told Reuters in an interview on Tuesday that his committee supports a 12-year term limit for FIFA’s president, but such limits on executive committee members may not be the best course of action.

Nov 3, 2015

Soccer-FIFA reform will be limited, says head of panel proposing changes

NEW YORK, Nov 3 (Reuters) – The Swiss lawyer heading up a committee charged with reforming the structure and management of world soccer body FIFA says major changes to the organization’s voting structure and imposing term limits on executive committee members will be difficult to achieve in the short term.

Francois Carrard, a former International Olympic Committee (IOC) director general, told Reuters in an interview on Tuesday that his committee supports a 12-year term limit for FIFA’s president, but such limits on executive committee members may not be the best course of action.

Oct 3, 2015

Coke, McDonald’s join sponsor call for FIFA’s Blatter to resign

NEW YORK/ZURICH (Reuters) – Major soccer sponsors on Friday issued coordinated calls for the immediate resignation of FIFA president Sepp Blatter in the most significant move by companies supporting the sport since a bribery and corruption scandal erupted at world football’s governing body last May.

Coca-Cola Co (KO.N: Quote, Profile, Research, Stock Buzz) , McDonald’s (MCD.N: Quote, Profile, Research, Stock Buzz), Visa (V.N: Quote, Profile, Research, Stock Buzz), and Budweiser owner Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz), companies that have long linked their brand names to soccer, on Friday demanded Blatter step down immediately in a strong push for change at the organization. Blatter earlier announced he would resign in February next year.

Oct 2, 2015

FIFA sponsors Coca-Cola, McDonald’s call on Blatter to resign

NEW YORK/ZURICH (Reuters) – Coca-Cola Co and McDonald’s, on
Friday called for the immediate resignation of FIFA president
Sepp Blatter a week after Swiss authorities said they were
opening a criminal investigation into the head of the world
soccer body.

In quick succession, the major sponsors of FIFA released
statements demanding Blatter step down, in the strongest sign
yet companies that have long linked their brand names to the
global sport will push for change in the organization.

Oct 2, 2015

Soccer-FIFA sponsors Coca-Cola, McDonald’s call on Blatter to resign

NEW YORK/ZURICH, Oct 2 (Reuters) – Coca-Cola Co and McDonald’s, on Friday called for the immediate resignation of FIFA president Sepp Blatter a week after Swiss authorities said they were opening a criminal investigation into the head of the world soccer body.

In quick succession, the major sponsors of FIFA released statements demanding Blatter step down, in the strongest sign yet companies that have long linked their brand names to the global sport will push for change in the organization.

Sep 30, 2015

Colombia President Santos: Some justice sacrificed for peace deal

NEW YORK (Reuters) – Colombia cannot punish Marxist guerrillas for war crimes as severely as some would like if the country wants a peace deal to end a 50-year conflict that has killed nearly a quarter million people, President Juan Manuel Santos told Reuters on Wednesday.

In an interview Santos said he believes the leaders of the Revolutionary Armed Forces of Colombia, or FARC, will stick to their agreement to reach an accord within six months, but if the rebels break their word the center-right leader would not hesitate to return to the battlefield.

Sep 26, 2015

Colombia needs international money to fund peace deal: finance minister

NEW YORK (Reuters) – Colombia will need “significant” investment from the international community to pay for the historic peace deal promised within six months between Marxist guerrillas and the government, the country’s finance minister said in an interview on Saturday.

This week Colombian President Juan Manuel Santos and the Revolutionary Armed Forces of Colombia, or FARC, pledged to end a war that has killed 220,000 and displaced millions over half a century.

Sep 18, 2015

FIFA suspends number-two official after ticket allegations

ZURICH/NEW YORK (Reuters) – World football body FIFA put Jerome Valcke, its second-ranking official, on leave on Thursday just hours after an ex-footballer raised allegations he was involved in a plan to resell 2014 World Cup tickets for a lucrative profit.

FIFA, which has been rocked by Swiss and U.S. corruption investigations, said in a statement it was made aware of allegations involving Valcke and had requested a formal investigation by the FIFA ethics committee.

    • About Mica

      "I cover commodities and general news in Mexico and Central America and as part of the team in Latin America reported on the outbreak of swine flu, a coup in Honduras and the earthquakes in Haiti and Chile. Before Mexico, I was based in Guatemala for two years."
    • Follow Mica