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.
MIAMI (Reuters) – An embattled Florida police chief has stepped down after he and more than 75 officers under his command were accused in a federal lawsuit of misconduct and civil rights abuse in a predominantly black Miami suburb.
Matthew Boyd, chief of the Miami Gardens Police Department, has “resigned effective immediately,” the city’s mayor, Oliver Gilbert, said in a statement on Thursday.
MIAMI (Reuters) – The 2013 Atlantic hurricane season looks set to go down as a big washout, marking the first time in 45 years that the strongest storm to form was just a minor Category 1 hurricane.
There could still be a late surprise in the June 1-November 30 season, since the cyclone that mushroomed into Superstorm Sandy was just revving up at this time last year.
MIAMI (Reuters) – The Caribbean is becoming a hot spot again for drug smuggling into the United States as a new generation of “Cocaine Cowboys” plows the seas in fast boats in search of easy entry points for illicit shipments into the world’s largest consumer market.
About 14 percent of U.S.-bound cocaine shipments – roughly 42 tons – was trafficked through the Caribbean in the first six months of this year, and Puerto Rico and the neighboring Dominican Republic are emerging as hubs of the burgeoning trade, according to the U.S. Drug Enforcement Administration.
MIAMI (Reuters) – The number of prisoners serving life terms in the United States has more than quadrupled since 1984, and so-called lifers now account for one in nine people behind bars, according to a report released on Wednesday by the Sentencing Project.
The Washington-based research and advocacy group, which has long pushed for criminal justice reforms, said in the report that nearly 160,000 people were serving life sentences in 2012, or 10.6 percent of the 1.5 million inmates being held in state and federal prisons.
MIAMI (Reuters) – Florida was strongly criticized by the federal government on Thursday for barring outreach workers, known as “navigators,” from county health departments when they start enrolling people next month for insurance under President Barack Obama’s healthcare reform law.
“This is another blatant and shameful attempt to intimidate groups who will be working to inform Americans about their new health insurance options and help them enroll in coverage,” said U.S. Health and Human Services Department spokesman Fabien Levy.