Why are so many priests in Mexico being murdered?

04/24/2018 USA Today

The murders of two more priests in Mexico in the last week raise questions over why church leaders in this devoutly Catholic country are increasingly being abducted, tortured and killed.

Mexico is now considered to be the most dangerous country to be a priest, according to the Catholic news agency Crux Now.

The Rev. Juan Miguel Contreras Garcia became the 23rd church leader killed in a string of violent attacks since 2012 and the fourth priest murdered in Mexico this year. He was shot down in his parish on Friday night as he listened to confession in the western state of Jalisco.

Read more…


EMERGING MARKETS-Mexico peso rebounds, Brazil real’s slump deepens

04/24/2018 Reuters


MEXICO CITY, April 24 (Reuters) – Mexico’s peso bounced back
from a steep selloff on Tuesday, boosted by optimism the country
would strike a new trade deal with the United States, while
worries about elections drove Brazil’s currency to a 16-month

U.S. President Donald Trump said that a new North American
Free Trade Agreement could be hatched quickly as officials from
Mexico, Canada and the United States held talks in Washington in
hopes of tying up a deal in the coming days.

Mexico sends around 80 percent of its exports to its
northern neighbor and the currency has whipsawed since Trump’s
election in late 2016 over the shifting outlook of the NAFTA

Read more…

Mexico inflation falls to lowest in over 14 months

04/24/2018 Reuters


MEXICO CITY (Reuters) – Annual inflation in Mexico slipped to its lowest level in over 14 months in the first half of April, moderating at a faster pace than expected, data from the national statistics agency showed on Tuesday.

Inflation in the 12 months to the first half of April fell to 4.69 percent, from 4.90 percent in the second half of March. That’s the lowest reading since the second half of January 2017.

A Reuters poll had showed annual inflation slowing to 4.77 percent.

Read more…

Trump Says Nafta Talks Doing Nicely With Canada Lauding Progress

04/24/2018 Bloomberg


As President Donald Trump says Nafta talks are “doing very nicely,” negotiations between ministers from the U.S., Mexico and Canada are ramping up in Washington in a redoubled push for a deal.

Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Affairs Minister Chrystia Freeland both attended meetings Tuesday at the U.S. Trade Representative’s Office in Washington. High-level meetings are expected to continue Wednesday and probably Thursday, according to an official familiar with talks, speaking on condition of anonymity. The push comes ahead of a U.S. trade mission to China, as Mexican and U.S. elections bear down.

The sides have picked up the pace in recent weeks, though the goal is unclear. The U.S. has mused about a deal “in principle”; Mexico says it’s seeking a comprehensive agreement to update a 24-year-old deal. Meanwhile, Trump’s latest comments are a mixed signal, saying talks are going well but expressing concern about a quick deal.

Read more…

America Movil first-quarter profit dives on currency swings

04/24/2018 Reuters

America Movil1.svg

MEXICO CITY (Reuters) – America Movil said on Tuesday its net profit fell nearly 50 percent in the first quarter due to currency swings, but there were signs Latin America’s largest wireless carrier was already reaping the rewards of an important Supreme Court decision in Mexico.

The telecommunications company, which is controlled by the family of Mexican billionaire Carlos Slim, posted a net profit of 18.087 billion pesos ($988 million), compared with 35.85 billion pesos in the same quarter a year earlier.

America Movil attributed a decline in sales to the peso’s appreciation against other currencies. A strong peso means revenue from other countries is worth less when translated into Mexican currency.

Read more…

Mexico: dismembered corpse dumped after presidential candidate says ‘cut off hands’

04/24/2018 The Guardian

When a Mexican presidential candidate proposed in a televised debate that public servants who steal should have their hands cut off, his comments were initially greeted with disbelief, and then mockery.

Hours later, however, there was a much grimmer reaction: drug cartel members dumped a dismembered corpse in the Pacific city of Acapulco with a sign saying that they were already enforcing the punishment.

Jaime Rodríguez, a cowboy-turned-state-governor who is pursuing the presidency as an independent candidate drew gasps during Sunday’s first presidential debate when he suggested – in apparent earnest – that Mexico could fight corruption by cutting off the hands of those who steal from the public purse.

Read more…

Mexico arrest over murder of reporter Javier Valdez

04/24/2018 BBC News

Javier_Valdez_CárdenasPolice in Mexico have arrested a man they suspect of killing award-winning journalist Javier Valdez last year.

He was shot dead in May 2017 in northern Sinaloa state near the office of the news weekly he had founded, Ríodoce.

Mr Valdez wrote extensively on drug-trafficking and organised crime in Mexico, including the powerful Sinaloa drug cartel.

He was one of at least 11 journalists to be killed in Mexico in 2017.

Read more…