Category: Americas
Reuters reveals to protect Pemex, Mexico’s energy ministry tried to block stricter flaring rules
Reuters Reuters exclusively revealed that Mexico’s energy ministry tried to block the publication of stricter rules on natural gas flaring, saying they would hurt state oil company Pemex. Documents seen by Reuters showed a concerted effort by the ministry to stop Mexico’s official gazette from publishing tighter rules drafted by an independent regulator. The ministry…
Read MoreReuters reveals Trinidad asks U.S. to allow Venezuelan gas imports for LNG plant
Reuters Reuters exclusively reported that the government of Trinidad and Tobago is asking the U.S. to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation. Trinidad’s past requests for U.S. approval have gone unanswered, but the Biden administration’s willingness to ease some sanctions on Venezuela if President Nicolas Maduro and…
Read MoreReuters reveals Mexico succession puts scientist on path to be first woman president
Reuters Reuters provided insight into how the most historic legacy of President Andres Manuel Lopez Obrador, a left-leaning resource nationalist who casts his administration as a turning point in the annals of Mexico, may pave the way for the country’s first woman leader. Mexico City Mayor Claudia Sheinbaum, a 60-year-old physicist and environmentalist has emerged…
Read MoreReuters reveals Brazil coffee defaults spike for second year in a row
Reuters Reuters exclusively reported Brazilian coffee farmers are defaulting on contracts for a second straight year, failing to deliver on pre-agreed sales and exposing trade houses to losses. The defaults, less widespread than last year, have scrambled the coffee market, leaving traders reluctant to agree to forward sales for next year’s crop or the one…
Read MoreReuters reveals Mexico to proceed with GMO corn ban, seeks international grain deals
Reuters Reuters exclusively revealed that Mexico is considering direct agreements with farmers in the United States, Argentina, and Brazil to secure non-genetically modified yellow corn imports, citing the country’s deputy agriculture minister, who added that a 2024 ban on genetically modified corn would not be amended. He said Mexico is on track to halve its…
Read MoreReuters reveals Bank of Mexico nears end of rate hike cycle, eyes economic toll, board member says
Reuters Reuters was first to report Bank of Mexico board member Gerardo Esquivel cautioned against increasing the monetary policy rate to “excessively” restrictive levels as the economy remains weak, saying the bank’s current rate-hiking cycle could end with rates between 10%-10.25%. Esquivel did not project when the rate would hit what he called its terminal…
Read MoreReuters reveals U.N. could administer over $3 bln in funds to aid Venezuela
Reuters Reuters exclusively reported that Venezuelan politicians are discussing proposals for a fund that could release over $3 billion to provide humanitarian aid to Venezuela through the United Nations, in a process that also involves officials from the U.S. State and Treasury Departments. The post Reuters reveals U.N. could administer over $3 bln in funds…
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