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  • MEXICO CITY, June 30- Mexico's telecoms regulator said on Tuesday that it will open access to the "last mile" of Telmex telephone network to rivals, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter measures...

  • China's big ambitions stumble at Bahamas resort Tuesday, 30 Jun 2015 | 3:02 PM ET

    Nassau, Bahamas/ Beijing June 30- China's push to extend its influence in the Western Hemisphere has hit an embarrassing setback at an unfinished, $3.5 billion resort and casino project in the Bahamas. And on Monday, Baha Mar Ltd, developer of the 2,323 room resort located along Cable Beach near downtown Nassau, filed for voluntary bankruptcy protection in a...

  • MEXICO CITY, June 30- Mexico's telecoms regulator will open access to the "last mile" of Telmex telephone networks to competitors, two sources said on Tuesday, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter...

  • *NBC drops' Miss USA' and' Miss Universe' pageants. June 29- NBC cut ties with U.S. presidential candidate Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday after the real estate developer and TV personality made comments insulting Mexicans earlier this month. The decision by Comcast Corp- owned NBC was announced four days after Spanish-language...

  • LONDON, June 28- A British exit from the European Union would set the country back half a century and be catastrophic for its trade and economic prospects, billionaire entrepreneur Richard Branson said on Sunday. Branson, whose Virgin Group empire ranges from airlines to banking and space travel, was speaking after Prime Minister David Cameron told EU leaders...

  • BOSTON, June 26- Hedge fund manager William Ackman, who has made a $1 billion bet against Herbalife Ltd, on Friday asked the company's chief executive officer to release a video and say why he told an audience years ago that participating in Herbalife was a "lottery ticket." A lawyer for Ackman sent the letter to Herbalife CEO Michael Johnson after the New York Post...

  • June 26- A headless body daubed with Arabic writing was found on Friday at a factory in southeast France owned by Air Products and Chemicals Inc, a U.S.-based industrial gas and chemicals company. *Founded in 1940, the Allentown, Pennsylvania- based company reported $991.7 million in net income on $10.4 billion in sales in its most recent fiscal year.

  • June 26- Digicel Group Ltd, the Caribbean telecommunications company that sponsors sprinters Usain Bolt and Shelly Ann Fraser-Pryce, filed for an initial public offering of Class A common stock. The company, founded by Irish billionaire Denis O'Brien, said J.P. Morgan, UBS Investment Bank and Citigroup were among the underwriters for the IPO.

  • The fund-raising attracted backing from Richard Branson's Virgin Group and Europe's Airbus Group, which will also build 900 "micro-satellites" designed to extend the reach of the Internet to remote corners of the world. The company, based in Britain's Channel Islands, plans over 65 launches including 39 from Virgin's spaceflight company, Virgin Galactic, and...

  • MEXICO CITY, June 25- AT&T Inc plans to invest around $3 billion in its high-speed mobile Internet network in Mexico, the company said on Thursday. The company's move into Mexico came in the wake of a sweeping sector overhaul which forced billionaire Carlos Slim's America Movil to open up infrastructure and let rivals interconnect to his network for free.

  • CAPE CANAVERAL, Fla., June 25- Privately owned OneWeb, which plans to sell Internet services via satellite, signed contracts with launch service providers Virgin Galactic and Arianespace SA for 60 flights, OneWeb said on Thursday. OneWeb, based in Britain's Channel Islands, also said it has raised $500 million from a consortium of companies, including Europe's...

  • *Group of eight investors include Virgin, Airbus, Bharti. OneWeb, whose backers include Richard Branson's Virgin Group and Indian billionaire Sunil Mittal's Bharti Enterprises, said it would use the funds to acquire 65 commercial rockets to launch satellite-borne Internet services to extend the reach of mobile operators to customers in remote corners of...

  • LAUNCESTON, Australia, June 25- Is India's Adani Mining preparing to walk away from its A $10 billion coal project in Australia's Queensland state, or upping the ante in trying to speed up approvals for the huge project? Adani surprised industry observers by confirming on Wednesday it had halted engineering work on its Carmichael coal project in the frontier...

  • *Vivendi now owns 14.9 pct of Telecom Italia. PARIS, June 24- Vivendi said on Wednesday it raised its stake in Telecom Italia to 14.9 percent, replacing Telefonica as its biggest shareholder and gaining a foothold in a country it said had significant growth prospects. With Telecom Italia seen by sector executives and bankers as a potential takeover target,...

  • Bouygues CEO Martin Bouygues, who founded Bouygues Telecom, said the unit could thrive on its own and that a sale would threaten jobs and face antitrust hurdles. The dismissal of the offer from fellow billionaire Drahi appeared to end hopes of reducing the number of mobile network operators in France from four to three, and of ending a three-year old price war...

  • Bouygues CEO Martin Bouygues, who founded Bouygues Telecom, said the unit could thrive on its own and that a sale would threaten jobs and face antitrust hurdles. Bouygues shares were down 8.06 percent by 1136 GMT, Altice shares were down 7.04 percent, Numericable-SFR shares fell 9.90 percent, Iliad shares lost 6.31 percent and Orange shares were down 3.01...

  • LONDON, June 23- RSE Ventures is teaming up with Qatar to buy a 35.5 percent stake in the holding company that owns Formula One in a $7 billion- $8 billion deal, a source familiar with the matter told Reuters. Goldman Sachs is working with CVC on the deal, while JP Morgan is working with the buyside investors. JP Morgan and Goldman Sachs had no immediate comment.

  • MIAMI, June 23- Richard Branson's Virgin Cruises will take delivery of three ships capable of carrying nearly 3,000 passengers each starting in early 2020, the British entrepreneur told reporters during a news conference on Tuesday. Virgin Group announced the Bain Capital- backed project last December. "We go against the grain," said Virgin Cruises Chief...

  • *Bouygues board to meet at 1600 GMT Tuesday- source. Patrick Drahi, the billionaire backer of Altice, the majority owner of France's second-biggest telecom operator Numericable-SFR, wants to buy smaller rival Bouygues Telecom as part of a deal-making spree that has seen him buy four companies in the past 18 months. Sources earlier told Reuters his bid valued...

  • MOSCOW, June 22- Russian President Vladimir Putin has signed a decree on transferring a 25 percent plus one share stake in medium-sized oil producer Bashneft to the region of Bashkortostan, Interfax news agency said on Monday. A Moscow court transferred shares in Bashneft from Sistema- a conglomerate owned by billionaire businessman Vladimir Yetuvshenkov-...