Joaquin “El Chapo” Guzman, the alleged head of the Sinaloa drug cartel, once referred to Chicago as his “home port,” a hub of a narcotics empire he built by filling a power vacuum left by the imprisonment of the city’s gang leaders.
Canadian Prime Minister Stephen Harper’s frustration with U.S. President Barack Obama’s failure to approve the Keystone XL pipeline may make this installment of the North America summit, known as the “Three Amigos,” the frostiest since the annual meetings began almost a decade ago.
Mexico’s Congress will take up bills to implement last year’s telecommunications overhaul at the start of its session next week, with legislation to build upon constitutional oil-industry changes set for later in the month, according to two people with knowledge of the plans.
The largest party in Mexico’s lower house aims to eliminate loopholes that allow businesses to claim tax exemptions that lawmakers say are equivalent to 4 percent of gross domestic product, congressman Sebastian Lerdo said.
Global oil majors from Exxon Mobil Corp. to Chevron Corp. are about to get the clearest indication yet of how far Mexican lawmakers will go to lure them into the largest unexplored crude area after the Arctic Circle.
Mexico’s seven-decade state energy monopoly is one step closer to allowing private oil investment after Senate committees voted in principle to approve a bill that allows output sharing and licenses for outside companies.