Halister News

--DEREK WALLBANK

(Bloomberg) -- The U.S. Treasury Department labels the so-called Ruelas Torres Drug Trafficking Organization of Mexico as a “significant” narcotics trafficker, and is freezing its accused members’ assets, the department says in a statement.

• Treasury accuses the organization of manufacturing and distributing heroin, as well as laundering the proceeds from the U.S. to Mexico
• Jose Luis Ruelas Torres and his organization “are major contributors to our nation’s heroin epidemic,” Secretary Steven Mnuchin says in the statement
• “This action will hinder its ability to move and use the illicit proceeds from this activity,” Mnuchin says

To contact the reporter on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.net To contact the editors responsible for this story: Sarah McGregor at smcgregor5@bloomberg.net Randall Woods

(Bloomberg) -- Minutes cover Federal Open Market Committee’s May 2-3 meeting, when central bankers kept federal funds rate target between 0.75%-1%.

• Market participants will look for insight into the “appetite” for additional rate hikes this year, and more clarity on potential timing and structure of future changes to Fed’s reinvestment policy: Natwest Markets