MEXICO CITY, May 31 (Reuters) – Mexico’s state-run oil
company Pemex is suing eleven U.S. companies for buying up to
$300 million of fuel stolen by drug gangs and smuggled across
the U.S.-Mexico border, court documents showed.
Pemex’s exploration and production (PEP) unit
filed the suit on Sunday in a U.S. district court in Texas
claiming some of the companies conspired with Mexican criminals
to forge documents and smuggle the hijacked natural gas
MEXICO CITY (Reuters) – British painter Leonora Carrington, one of the last surviving artists from the golden age of Surrealism, has died aged 94 in her adopted home of Mexico City, where she had lived quietly for decades.
Mexico’s national arts council said Carrington died on Wednesday night in the Mexican capital. Local media reported she died of pneumonia.
BOGOTA (Reuters) – Colombia plans to nearly double agricultural land growing crops for food and biofuel, part of a new investment boom in the country as violence ebbs from a decades-long internal conflict fueled by drug profits.
The idea is to transform the vast eastern plains, dotted for years with illicit coca plantations, into the country’s bread basket in a push to bring down food prices and boost revenues from agricultural exports.
BOGOTA, May 11 (Reuters) – Yields on Colombia’s
peso-denominated benchmark government TES bonds due July 2024
fell to 8.199 percent at auction from 8.332 percent at the
previous April 27 auction, traders and the government said on
The peso-denominated Colombian Treasuries, known in
shorthand as TES, are the second largest source of revenue for
the government after tax collection and in the auction on
Wednesday other yields also dropped.
BOGOTA (Reuters) – Colombian leftist guerrillas may have tried to assassinate rivals of Venezuela’s President Hugo Chavez and trained his supporters in urban warfare, an analysis of thousands of seized rebel documents showed on Tuesday.
The study of the files seized during a 2008 raid on a rebel camp inside Ecuador also showed that the Revolutionary Armed Forces of Colombia (FARC) contributed some $400,000 to Ecuador’s President Rafael Correa’s election campaign.
BOGOTA, May 3 (Reuters) – Tussles over President Juan
Manuel Santos’ reform agenda, an ongoing guerrilla and drugs
war, peso appreciation and delicate ties with neighbors
Venezuela and Ecuador are key risks to watch in Colombia.
REFORMS AND ROYALTIES
Since coming to office in August, Santos has pushed an
ambitious set of reforms ranging from adjusting the management
of oil and mining royalties to overhauling the health system
and government finances. Already Colombia’s fiscal performance
during the global economic crisis and Santos’ promises to deal
with deficits prompted Standard and Poor’s to grant the country
investment grade, and other credit agencies will likely soon
BOGOTA, April 29 (Reuters) – Colombia’s central bank raised
its 2011 growth forecast on Friday and increased interest rates
for the third time this year but did not take any new measures
to curb the strength of the country’s currency.
Latin America’s fifth-biggest economy is among regional
economies such as Brazil, Chile and Peru that have raised
interest rates to fight inflation spurred by higher fuel and
CUETZALA DEL PROGRESO, Mexico (Reuters) – Mexican drug cartels greedy for new sources of revenue are targeting the country’s rich mines, pushing up companies’ security costs and prompting at least one project to be halted.
Vast mineral deposits have made Mexico the world’s top silver producer and a major source of gold and copper, and the potential riches are too attractive to walk away from, according to companies expected to invest more than $4 billion in the sector this year.
LA PATRONA, Mexico (Reuters) – Mexican drug gangs branching out into new criminal activity are earning a steady stream of cash from the mass kidnapping of migrants, making the already arduous journey to the United States even more lethal.
The trek across Mexico has long been dangerous for the hundreds of thousands of undocumented migrants, mostly Central Americans, who try their luck each year, risking robbery, death from fast-moving freight trains or dehydration in the desert.
MEXICO CITY/WASHINGTON (Reuters) – The U.S. government lashed out at companies at the heart of last year’s Gulf oil spill on Monday, denying reports it had negotiated a deal with BP (BP.L: Quote, Profile, Research)(BP.N: Quote, Profile, Research) to resume drilling.
The tough talk by Interior Secretary Ken Salazar highlights the Obama administration’s sensitivity towards letting BP — the biggest holder of deepwater acreage in the Gulf of Mexico — drill there again a year after an explosion on the Deepwater Horizon rig led to the worst offshore oil spill in U.S. history.