Mexico’s federal police arrested Cancun Mayor Gregorio Sanchez yesterday for alleged money laundering and ties to drug-funded organized crime groups.
AT&T Inc.’s plan to buy T-Mobile USA Inc. was placed in further jeopardy after a federal judge agreed to consider a request by the U.S. to postpone or dismiss its lawsuit seeking to block the deal.
Mexico’s tax increase package will drive up costs for everyone from spring-break revelers in Cancun to dog owners and junk-food eaters. It’s also ratcheting up bond traders’ inflation expectations.
Mexico’s efforts to bail out cash- strapped states may jumpstart the municipal bond market in Latin America’s second-largest economy.
To some doomsday interpreters, completion of the Maya calendar cycle today is a sign of an impending apocalypse. For Mexico’s tourism industry, it’s hardly the end of the world.
Hurricane Rina may be out of time to strengthen into a Category 3 storm before it reaches Mexico’s Yucatan Peninsula tomorrow, according to the U.S. National Hurricane Center.
Hurricane Rina weakened today as it neared the Yucatan Peninsula’s east coast, one of Mexico’s most popular tourist destinations, the National Hurricane Center said.
Hurricane Rina moved over the warm waters of the Caribbean on a track that will take the storm toward Mexico’s Yucatan Peninsula resorts and away from the oil- rich regions of the Gulf of Mexico.