The Mexican government sent in marines Friday to take over part of a private railway line in southern Mexico, the Associated Press reported. It was not clear whether the seizure of the rail line on the Isthmus of Tehuantepec constituted an expropriation. The government said that it would compensate the owners for what it called the “temporary occupation” of the railway run by a Mexican company, Grupo Mexico Transportes.

Inflation unexpectedly reaccelerated in Canada but core measures continued to ease, potentially giving the central bank room to keep rates on pause as it waits for the tight labor market to cool, Bloomberg News reported. The consumer price index rose 4.4% in April from a year ago, the first increase in the rate of headline inflation since June 2022, Statistics Canada reported Tuesday in Ottawa. That’s faster than the 4.1% gain expected in a Bloomberg survey of economists, and up from 4.3% in March.

Signs of recovery in Canada's housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said, Reuters reported. The housing market's upturn comes after the Bank of Canada paused its interest rate hiking campaign last month, leaving the benchmark rate at a 15-year high of 4.50% since January.

Former users of the bankrupt Canadian crypto exchange Quadriga CX will soon get a check for 13% of their claim, according to a notice to creditors published late Friday by accounting giant EY, CoinDesk.com reported. Documents from EY shows Quadriga’s estate owes CAD $303.1 million ($222.3 million) across 17,648 claims from creditors, including Canada Post and the country’s tax authority, Canada Revenue Agency (CRA). Filings show that there are 15 claims with a value greater than CAD $1 million, and 28 claims with a value between CAD $500,000 and $999,999.

Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations, Reuters reported. Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to the rules will face potential enforcement action, according to the website of the Ontario Securities Commission.

Mexico’s industrial production took an unexpected hit in March, driven by a decline in manufacturing output and a stark drop in mining activity as tighter financial conditions drag down Latin America’s second-largest economy, Bloomberg News reported. Mexican industrial production declined 0.9% from February, below economists’ median forecast for a 0.1% contraction. Mining output dipped 3.5% in the monthly comparison while manufacturing slowed 1.1%. The likelihood of a US recession and high interest rates could hurt the sector and the overall economy over the course of 2023.

China's securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors, Reuters reported. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting watchdog said that it found unacceptable deficiencies in audits of U.S.-listed Chinese companies. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S.

Manitoba (Canada) could see a spurt in people filing for bankruptcy over the summer months, an insolvency trustee warns, CBC.ca reported. New data from the federal government shows 200 individual Manitobans filed for bankruptcy in the first quarter of this year, which is up from the first quarters of 2021 and 2022. And experts say the second quarter could see even more.

A U.S. accounting watchdog found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and PricewaterhouseCoopers in Hong Kong, the government agency said on Wednesday, Reuters reported. The U.S. Public Company Accounting Oversight Board (PCAOB)published the findings of its inspections after gaining access to Chinese company auditors' records for the first time last year following more than a decade of negotiations with Chinese authorities. That access kept roughly 200 China-based public companies from potentially being kicked off U.S.

A U.S. court of appeals has granted Venezuela a temporary stay preventing six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets, Reuters reported. Since March, creditors including a unit of O-I Glass, Huntington Ingalls Industries, ACL1 Investments, Koch Minerals and mining firms Rusoro Mining and Gold Reserve, have been granted rights to seize shares in the parent of Venezuela-owned refiner Citgo, PDV Holding.