US ambassador to Mexico Carlos Pascual said Wednesday that Mexico's clampdown on drug traffickers could provoke more violence in the short term. In comments to Mexican media days after deadly attacks on US citizens and their families in Ciudad Juarez, Pascual warned of a possible escalation of violence. "It's possible that the measures they (the Mexican authorities) are ...

Wachovia has agreed to pay US prosecutors 160 million dollars for its failure to stop drug money being laundered to Mexican affiliates, the DEA said Wednesday. The embattled bank admitted it failed to stop an estimated 110 million dollars from being sent from the US to Mexico by wire transfer that was used to buy cocaine-transporting aircraft. The Drug Enforcement ...

(Reuters) - Canadian gold miner New Gold said full operations will resume at its Cerro San Pedro mine in Mexico after a federal district court lifted restrictions on the use of explosives at the mine. Operations at the mine were suspended in November last year after the country's environment ministry, acting on a federal court ruling, revoked the mine's ...

A broken drive shaft likely caused a Mexico-bound bus to veer wildly on a Texas highway before flipping over, killing two passengers and injuring 40 others on board, investigators said Wednesday. The drive shaft, which transfers power from the engine to the wheels, apparently fell ...