* Mexico expects $40 bln in U.S. investment through 2024
* Argentina farm groups hold 24-hour strike
* Haiti protestors block roads to protest fuel shortages
* Brazil’s biggest investor remains buyer amid political uncertainty
July 13 (Reuters) – The latest in Latin American politics today:
Venezuelan gold legal battle resumes in London
LONDON – A long-running legal battle between Venezuelan President Nicolas Maduro and opposition leader Juan Guaido over who should hold the key to more than $1.5 billion of gold stored at the Bank of England resumed at the London High Court on Wednesday.
The UK Supreme Court ruled last year that Guaido should be recognised as the Latin American country’s head of state, taking a lead from the British government’s position, and that he had the authority to determine the future of the 31 tonnes of bullion.
The High Court will now grapple with the novel question, over a four-day trial, about how to treat rulings by the Venezuelan Supreme Tribunal of Justice (STJ) that say Guaido’s appointments to an “ad hoc” central bank board are invalid.
Mexico expects $40 bln in U.S. investment through 2024, minister says
WASHINGTON – U.S. investment in Mexico from now through 2024 should reach $40 billion, Mexican President Andres Manuel Lopez Obrador announced in a breakfast with U.S. and Mexican executives on Wednesday, according to Mexican Foreign Minister Marcelo Ebrard.
Ebrard revealed the news on Twitter, saying it was “great news for Mexico.”
Argentina farm groups hold 24-hour strike; grains transport unaffected
BUENOS AIRES – Argentina’s main farm associations launched a 24-hour grain and livestock trading halt on Wednesday in protest against the government, criticizing high tax rates, currency controls and a scarcity of diesel that has hit farmers during harvest season.
The protest was not, however, stopping transport of grains to ports at Rosario, one of the world’s largest grains export hubs, nor was it affecting grains shipments. Argentina is the world’s No. 1 exporter of processed soy and No. 2 for corn.
Haiti demonstrators block Port-au-Prince roads to protest fuel shortages
PORT-AU-PRINCE – Haitian protestors blocked roads and shots rang out in the downtown area of the capital of Port-au-Prince as anger mounted over fuel shortages that have intensified in recent days as a result of gang violence.
Gas stations across the country are mostly closed as fuel deliveries have halted due to a bloody turf battle between rival gangs in a town outside the capital that has killed at least 50 people and forced an important fuel terminal to halt operations.
Groups of motorcycle drivers on Wednesday morning were blocking intersections in Port-au-Prince, some of whom were lighting tires on fire, witnesses told Reuters.
Brazil’s biggest individual investor remains a buyer amid political uncertainty
SAO PAULO – One of Brazil’s most successful individual investors, Luiz Barsi, said he is continuing to buy shares in its companies even as uncertainties loom ahead of October’s presidential elections, though the pace of his purchases has slowed.
Barsi, 83, one of the most influential figures in the Brazilian stock market, has accumulated about 4 billion reais ($735.7 million) in assets with a strategy of investing in companies that are good dividend payers.
Although he has reduced the pace of his share purchases from earlier in the year, when he had “more ambitious goals”, Barsi told Reuters in an interview he “continues to buy, but with a slower speed” after early targets were met.
(Compiled by Steven Grattan in Mexico City; Editing by Alexandra Hudson)