Mexico’s new president wants to scrap $1.36bn helicopter deal with US

Mexico’s newly-elected, anti-establishment president is planning to scrap some of the deals his predecessor had signed up to, including a $ 1.36 billion order for eight MH-60R Seahawk helicopters for the country’s Navy. Andres Manuel Lopez Obrador, widely known as AMLO, was elected Mexico’s next president on promises to pursue national interests and reduce the […]

Mexico’s new president will probably keep its secretive billion-dollar oil hedge going

REUTERS/Henry Romero Mexico buys put options from US financial institutions on oil.  A change in government may see that hedge out soon.  Ultimately, it looks as if the hedging strategy will remain in place.  The Mexican oil hedge, or the Hacienda Hedge, is considered the biggest hedging bet on Wall Street as well as perhaps the […]

Trump ‘looks forward’ to working with Mexico’s new president Obrador

US President Donald Trump has congratulated his newly elected Mexican counterpart, Andres Manuel Lopez Obrador, after multiple polls and an early count showed the leftist anti-establishment candidate decisively leading the vote. “There is much to be done that will benefit both the United States and Mexico!” Trump tweeted Sunday night. Although Obrador, 64, has vowed […]

Mexico’s billionaires and businesses are warning workers about the country’s runaway presidential frontrunner

REUTERS/Daniel Becerril A month before Mexico’s presidential election, leftist Andres Manuel Lopez Obrador’s lead continues to grow. Business leaders and wealthy Mexicans are dismayed, and they’ve tried to warn voters away from the frontrunner. But such warnings are unlikely to persuade Mexicans who are backing AMLO. Mexican presidential candidate Andres Manuel Lopez Obrador’s lead has […]

Mexico’s tourism minister says Mexico should follow the US’s example and start legalizing marijuana

Thomson Reuters MEXICO CITY (Reuters) – Taking a lead from the US, Mexico should allow states to begin legalizing marijuana while broader efforts are in limbo, a senior government official said, as the country seeks ways to tackle record gang violence. Tourism Minister Enrique de la Madrid, confronting rising lawlessness in and around the resort […]

‘Can’t build wall if hands are too small’: Mexico’s ex-president trolls Trump with T-shirt (PHOTO)

Mexico’s former head honcho Vicente Fox is fundraising for a cause and throwing shade at Donald Trump, with a T-shirt range trolling the US president’s supposedly small hands. Talk of Trump having abnormally small hands dates back to the Republican campaign trail in 2016, when GOP party rival Marco Rubio levelled the bizarre accusations against […]

‘God knows we don’t like him’: Mexico’s former ambassador to China explains how Mexico —and the world — reacted to the first year of Trump

AP Photo/Andy Wong Jorge Guajardo spent nearly a decade in Mexico’s diplomatic corps, serving as consul general in Austin, Texas, from 2005 to 2007 before moving to China, where he became one of Mexico’s longest-serving ambassadors to that country, leaving in 2013. Outside of his diplomatic positions, both of which he was appointed to by […]

The world’s largest Coke bottler is shutting down operations in one of Mexico’s most violent states because of constant attacks

(AP Photo/Alejandrino Gonzalez) The world’s largest bottler of Coke shuttered its operations in a town in southwest Mexico on Friday. Coca-Cola Femsa said the shutdown was prompted by constant aggression from organized-crime groups. Attacks on big companies and multinationals have been rare in Mexico in the decade since the country ramped up its war on […]

Mexico’s surging narco violence is intensifying at the edges of one of its biggest tourist hotspots

(AP Photo/Rebecca Blackwell) High-profile incidents in Playa del Carmen in recent weeks have prompted new travel warnings from the US government. The incidents come amid spiraling violence on the peripheries of one of Mexico’s most popular tourist areas. Criminal groups in the area thrive on tourist traffic — and corruption, weak institutions, and social conditions […]

The US’s top military-intelligence official described how the war on Mexico’s cartels has produced even more violence

The US’s top military-intelligence official described how the war on Mexico’s cartels has produced even more violence NOW WATCH: The wives of El Chapo’s henchmen reveal how they hid and spent $ 2 billion See Also: The top 20 presidents in US history, according to historians 10 up-and-coming healthy fast food chains that should scare […]