NEW YORK (Reuters) – A Swiss asset manager pleaded guilty on
Tuesday to participating in a scheme to help U.S. citizens hide
millions of dollars in Swiss bank accounts and evade paying
Peter Amrein, 53, entered his plea in Manhattan federal
court to conspiring to defraud the United States and Internal
Revenue Service. The case is one of a number spilling out of a
broad crackdown by the United States on offshore tax evasion by
NEW YORK (Reuters) – A New York man who headed a group
billing itself as a non-profit dedicated to preventing child
abduction and trafficking was arrested on Tuesday on charges of
defrauding the parents of children nabbed by international
kidnapping rings, authorities said.
Peter Senese, 49, founding director of the I Care
Foundation, was arrested by the FBI in Brooklyn and has been
charged with wire fraud.
MEXICO CITY (Reuters) – Mexico’s telecom regulator will not necessarily impose tougher rules against billionaire Carlos Slim’s America Movil if it does not go ahead with a plan to sell off assets, the head of the regulatory agency said in an interview on Friday.
Mexico’s Congress last year passed sweeping telecoms reform aimed at curbing America Movil’s industry dominance, prompting the company to say it would sell a chunk of assets to reduce its market share to below 50 percent.
NEW YORK (Reuters) – A federal appeals court has dismissed a
lawsuit filed by hundreds of Occupy Wall Street protesters who
were arrested on New York’s Brooklyn Bridge in 2011 at the
height of the movement against income inequality and wealth
distribution in the United States.
In a ruling released late on Monday, the 2nd U.S. Circuit of
Appeals in New York reversed its own August 2014 decision
allowing the class action over alleged police misconduct to
MEXICO CITY (Reuters) – Mexico’s Grupo Televisa is launching a new fixed-price package for an unlimited home phone and Internet service in an effort to snap up customers from billionaire Carlos Slim’s America Movil.
The package, which combines broadband with unlimited calls to fixed lines and mobiles within Mexico, the United States, Canada, Latin America and Europe, will launch in Mexico City next month for 400 Mexican pesos (18.77 pounds), vice president for telecommunications Adolfo Lagos told Reuters in an interview.
MEXICO CITY, Oct 3 (Reuters) – The head of Citigroup Inc’s
Mexican unit Banamex has resigned, the bank said on
Friday, after problems this year that included a major loan
scandal that generated hundreds of millions of dollars in
In a statement, Banamex said Chief Executive Officer Javier
Arrigunaga stood down and was replaced by Ernesto Torres Cantu,
a veteran of more than 25 years at the Mexican bank who had
previously headed its banking unit.
MEXICO CITY (Reuters) – Mexico’s Grupo Salinas said on Wednesday its chairman will buy out its partner Grupo Televisa’s (TLVACPO.MX: Quote, Profile, Research, Stock Buzz) 50 percent stake in the country’s No. 3 wireless operator Iusacell for $717 million and seek a strategic partner to build up the carrier.
Televisa said separately it will make a book loss of around $320 million on the sale. It had already written down the bulk of what is a nearly $900 million loss on its original purchase.
MEXICO CITY, Sept 8 (Reuters) – Mexico’s America Movil
plans to hold talks with Brazil’s Oi SA
over joining its bid to buy wireless operator Tim Participacoes
SA, the company’s chief financial officer said on
“Oi presented an offer for TIM and has said that they could
include other operators,” CFO Carlos Garcia Moreno said via
email. “We have decided in principle to explore this option. We
will be talking with them.”
MEXICO CITY, Aug 13 (Reuters) – Mexico will assign oil and
gas exploration and production contracts to foreign and private
companies between next May and September under a major sector
overhaul, prioritizing areas that boost output quickly and
leaving trickier deep water for later, the country’s energy
regulator said on Wednesday.
The National Hydrocarbons Commission estimates investment by
foreign oil majors will average around $8.5 billion a year,
between 2015 and 2018, while joint ventures with state oil
company Pemex will average around $4.1 billion a year.
LEEDS England (Reuters) – Angelo Mathews scored a magnificent unbeaten century as Sri Lanka subjected England to a torrid session in the field, extending their lead to 318 at tea on day four of the second test at Headingley.
Mathews (149 not out) scored his fourth test century, and second of the series, as he put on 149 with Rangana Herath (48) for the eighth wicket.