Latest news with #LatAm
Yahoo
7 hours ago
- Sport
- Yahoo
Cruz Azul set to scupper Chivas negotiations
The transfer market remains active with possible acquisitions by clubs to participate in the Apertura 2025, and the latest news from Cruz Azul could give Chivas a serious headache. According to reports from César Huerta, La Máquina could secure the services of Benjamín Sánchez, as his agent is said to have already reached an agreement with the club. Advertisement However, this move could frustrate the rojiblanca board, as reports indicate he was supposed to be the bargaining chip with FC Juárez for the return of Diego Campillo. This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 Simon Barber - 2025 Getty Images
Washington Post
11 hours ago
- Politics
- Washington Post
Lawyer who once defended drug kingpin 'El Chapo' questions critics of her judicial victory
CIUDAD JUAREZ, Mexico — Of the roughly 2,600 judges elected for the first time by Mexicans earlier this month, Silvia Delgado García received more attention than almost any other because she once helped represent drug kingpin Joaquín 'El Chapo' Guzmán. That single client in a nearly two decade career as a criminal defense attorney in Ciudad Juarez, across the border from El Paso, Texas, made Delgado standout in the historic June 1 election, name recognition that may have helped her victory formally certified Thursday.
Yahoo
2 days ago
- Business
- Yahoo
Mexico's Fibra Next targets $422 million after reviving stalled IPO
MEXICO CITY (Reuters) -Mexican real estate investment trust Fibra Next is reviving its plans to go public and aims to raise 8 billion pesos ($422 million) in the offer, documents released late on Tuesday show. WHY IT'S IMPORTANT The IPO signals renewed confidence in Mexico's REIT market after regulatory delays last year stalled Fibra Next's debut on the stock exchange. BY THE NUMBERS Fibra Next plans to issue 80 million Real Estate Trust Certificates (CBFIs) at an offering price of 100 pesos each. Including overallotment and additional issuance options, the offering could reach 110.4 million certificates. CONTEXT Fibra Next was created with industrial assets from Fibra Uno, Mexico's largest real estate investment trust. REITs in Mexico, known as "fibras," operate similarly to U.S. REITs, offering returns from rental income and capital gains on property portfolios. Fibra Next's IPO was delayed in late 2023 due to a lack of "confirmation of judgment" from the tax authorities. WHAT'S NEXT The IPO is scheduled for later this year, according to the preliminary prospectus released through Mexico's main stock exchange. ($1 = 18.9667 pesos)
Bloomberg
2 days ago
- Business
- Bloomberg
Brazil's Lula to Push Fiscal Plan Forward Despite Setbacks in Congress
Brazil's government has no immediate plans to develop new fiscal measures amid setbacks in Congress, and will instead seek to persuade lawmakers against blocking proposed tax increases, according to two officials with knowledge of the situation. The lower house of Congress on Monday moved forward with an initiative to overturn a governmental decree that increases so-called IOF taxes on some financial transactions, threatening to deliver a blow to President Luiz Inacio Lula da Silva's efforts to meet fiscal targets and shore up Brazil's budget.
Reuters
3 days ago
- Business
- Reuters
Vaca Muerta shale formation propels Argentina closer to energy self-sufficiency, analysts say
June 17 (Reuters) - Soaring oil and gas production from Argentina's Vaca Muerta shale formation in the first quarter of 2025 is fueling the nation's push for energy self-sufficiency and ambitious plans to become an important liquefied natural gas exporter, Rystad Energy analysts said on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina to cut costly imports and bolster its economy. Oil output there climbed 26% year-on-year to more than 447,000 barrels per day in March, Rystad estimates showed. New drilling increased only marginally, Rystad said, partly as existing pipelines were unable to handle more volume - a constraint expected to ease with an April pipeline expansion. Production of dry gas – natural gas primarily composed of methane after heavier liquids and water are removed – in the first quarter jumped to 2.1 billion cubic feet per day, up 16% from a year ago. "Gas is stealing the spotlight," said Radhika Bansal of Rystad Energy, noting Argentina "could soon become a pivotal player in global gas supply." The burgeoning output is key to Argentina's plan to meet LNG demand abroad, Rystad said. Initiatives underway include the Southern Energy (SOU.V), opens new tab LNG project, which plans two floating LNG vessels with a combined 6 million metric tons per annum capacity, with first output targeted for late 2027. State-owned YPF ( opens new tab is also making headway on larger projects with partners Shell (SHEL.L), opens new tab and Eni ( opens new tab, with Rystad projecting them to reach full capacity by the late 2030s. Norwegian energy firm Equinor ( opens new tab also reversed an earlier decision to exit Vaca Muerta, citing improved infrastructure and export viability, which Rystad said signals renewed investor confidence in the zone. Vaca Muerta is attracting sizeable investments, Rystad argued, adding that in the first quarter, merger and acquisition deals in the formation accounted for 43% of all upstream, or oil and gas exploration and production, transactions across Latin America.
