financetom
Business
financetom
/
Business
/
Mexico issues red alert as Hurricane John barrels toward southern coast
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexico issues red alert as Hurricane John barrels toward southern coast
Oct 3, 2024 12:46 AM

PUERTO ESCONDIDO, Mexico, Sept 23 (Reuters) - Mexico's

top disaster agency issued a red alert for parts of the

country's southern Pacific coast on Monday after Hurricane John

rapidly strengthened to a Category 2 storm and threatened to get

stronger before making landfall in the coming hours.

The national Civil Protection agency issued its most serious

warning for coastal regions of Mexico's southern Guerrero and

Oaxaca states, warning residents to seek shelter until

authorities give the all-clear.

The agency said the storm's current path put it on track to

make landfall between Copala, Guerrero, and Santiago Pinotepa

Nacional, Oaxaca, between 9 p.m. (0300 GMT) and 1 a.m. local

time.

The U.S. National Hurricane Center (NHC) warned of

"imminent" flooding, storm surges, and hurricane-force winds as

the storm loomed just about 30 miles (48 km) from Guerrero's

Punta Maldonado early on Monday evening, blowing maximum

sustained winds of 105 miles per hour (170 kph).

The storm was likely to intensify before making landfall

late on Monday or early Tuesday, the Miami-based hurricane

center said in a statement.

"John could become a major hurricane before making landfall

along the coast of southern Mexico," the NHC said.

In the typically laid-back surfer getaway of Puerto

Escondido, Oaxaca, residents on Monday hurried to tow in boats

and put away beach chairs.

"We're very concerned," said restaurant-owner Paula Sanchez,

who said hurricanes in the area had become stronger in recent

years.

"Let's hope that God will divert (this storm)," Sanchez

added.

Education officials announced school closures in parts of

Oaxaca and Guerrero as the storm approached, and Mexico's state

power firm CFE said it was moving worker convoys to Oaxaca ahead

of John's arrival.

A hurricane warning is in place for areas from the famous

beach resort of Acapulco, which is still recovering from last

year's Hurricane Otis, as far east as the Oaxacan tourist hub of

Huatulco.

A tropical storm warning stretched east of Huatulco to the

major port of Salina Cruz, home of Mexican state-run oil company

Pemex's largest domestic refinery.

NHC warned that heavy rainfall from John may cause

"significant and possibly catastrophic, life-threatening flash

flooding and mudslides," that will affect the Mexican states of

Chiapas, Oaxaca and southeast Guerrero through Thursday.

(Reporting by Brendan O'Boyle, Diego Ore, Kylie Madry and Aida

Pelaez-Fernandez in Mexico City and Fredy Garcia in Puerto

Escondido; Writing by Brendan O'Boyle; Editing by Alistair

Bell, Stephen Coates and Lincoln Feast.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Agricultural machinery maker AGCO's Q3 profit beats on steady demand
Agricultural machinery maker AGCO's Q3 profit beats on steady demand
Oct 31, 2025
Overview * AGCO ( AGCO ) Q3 net sales fell 4.7% yr/yr but beat analyst expectations * Adjusted EPS for Q3 beats consensus, reflecting strong operational performance * Company to initiate $300 mln share repurchase in Q4 2025 Outlook * AGCO ( AGCO ) expects full-year 2025 net sales of approximately $9.8 bln * Full-year 2025 EPS targeted at approximately...
Dominion Energy beats Q3 profit estimates, narrows 2025 operating earnings guidance
Dominion Energy beats Q3 profit estimates, narrows 2025 operating earnings guidance
Oct 31, 2025
Overview * Dominion Q3 operating revenue beats analyst expectations, reaching $4.53 bln * Adjusted EPS for Q3 beats consensus at $1.06 per share * Company narrows 2025 operating earnings guidance, expects to meet or exceed midpoint Outlook * Company narrows 2025 operating earnings guidance to $3.33-$3.48 per share * Dominion expects 2025 earnings to be at or above midpoint, assuming...
LyondellBasell profit tops forecasts as cost cuts, demand recovery boost outlook
LyondellBasell profit tops forecasts as cost cuts, demand recovery boost outlook
Oct 31, 2025
Oct 31 (Reuters) - LyondellBasell Industries ( LYB ) said on Friday it is on track to achieve $1.1 billion in cost savings by 2026, as improving demand and a tight lid on costs helped the chemicals maker beat quarterly profit estimates and signal a steady recovery. The company's shares rose nearly 4% in premarket trading as the better-than-expected results...
Market Chatter: Berkshire Hathaway Incoming CEO Greg Abel to Take Over Annual Letter to Shareholders
Market Chatter: Berkshire Hathaway Incoming CEO Greg Abel to Take Over Annual Letter to Shareholders
Oct 31, 2025
07:41 AM EDT, 10/31/2025 (MT Newswires) -- Berkshire Hathaway's ( BRK/A ) (BRK.A, BRK.B) incoming chief executive officer, Greg Abel, is set to take over certain company traditions from outgoing CEO Warren Buffett, including writing the annual letter to shareholders and leading annual meetings, The Wall Street Journal reported Thursday, citing Buffett's assistant. Abel is set to take over the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved