Correspondent, Miami
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Mar 31, 2015

Swiss asset manager pleads guilty in U.S. over tax dodge scheme

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

Mar 31, 2015

New York man arrested for defrauding parents of abducted children

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.

Mar 28, 2015

America Movil may not face tougher regulation without asset sale: regulator

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.

Feb 24, 2015

New York court dismisses lawsuit over Occupy Wall Street arrests

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

Oct 30, 2014

Televisa launches new fixed-price home phone, Internet deal

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.

Oct 3, 2014

Citi’s Mexico unit replaces CEO after costly loan scandal

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.

Sep 10, 2014

Mexico’s Salinas to buy Televisa Iusacell stake for $717 million

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.

Sep 8, 2014

Mexico’s America Movil says to hold talks with Oi over Tim bid

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.”

Aug 13, 2014

Mexico to assign private oil contracts between May-Sept 2015

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.

Jun 23, 2014

Mathews takes game away from England with classy ton

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.

    • About Thomas

      "Tom Brown joined Reuters in Panama in the late 1980s and wound up back in his native New York, working as a desk editor, after being expelled by Panamanian strongman Manuel Antonio Noriega. A seasoned all-rounder, he has covered financial markets in New York and served as bureau chief in Detroit in addition to postings as a senior correspondent in Latin America. A graduate of City College of New York, Brown often recalls a visit there by veteran New York newspaperman Jimmy Breslin. His advice to would-be reporters was to study anything but journalism. Breslin's point, which still rings true, ..."
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