Telecom Carlos Slim

  • The eight tycoons' net worth, as calculated by Forbes magazine, was cited Monday by anti-poverty activists Oxfam in a report highlighting income inequality. Gates co-founded Microsoft in the mid-70s, growing it into the world's biggest software company and helping to make computers a household item. He quit as CEO in 2000 and pledged to devote his fortune to his...

  • DAVOS, Switzerland— The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday. Presenting its findings on the dawn of the annual gathering of the global...

  • DAVOS, Switzerland, Jan 16- Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top. As decision makers and many of the super-rich gather for this week's World Economic Forum annual meeting in Davos, the charity's report suggests the...

  • MEXICO CITY, Jan 6- A consortium including a construction company controlled by billionaire Carlos Slim has clinched the terminal project at Mexico City's new $13 billion airport, Mexican officials said on Friday. The construction arm of Slim's Grupo Carso and his majority-owned FCC submitted a bid of 84.8 billion Mexican pesos for the project, which is due to...

  • Mexican tycoon Carlos Slim.

    The Mexican billionaire's spokesman said that the meeting between the Slim and the President-elect was "very cordial."

  • President-elect Donald Trump about ties with Mexico after the two met for dinner on Saturday in Florida, a spokesman for the Mexican telecoms billionaire said on Monday. Arturo Elias, Slim's son-in-law and spokesman, confirmed a report in The Washington Post that the two men dined at Trump's Mar-a-Lago resort in Florida, saying that the meal was "very cordial...

  • Donald Trump has dinner with Mexican billionaire Carlos Slim

    President-elect Donald Trump has dinner with Mexican billionaire Carlos Slim in Florida, CNBC's Eamon Javers reports. The "Fast Money" traders weigh in.

  • MEXICO CITY, Dec 15- Some Mexican banks are lowering credit card spending limits and raising consumer lending standards in the face of an economic slowdown, rising interest rates and the U.S. election victory of Donald Trump. After a period of robust overall credit growth, Mexican banks are cutting credit card exposure to counter a potential rise in consumer...

  • drop@ SAO PAULO, Dec 8- Brazil's Bovespa stock index fell on Thursday, after two sessions of gains, while Mexican stocks rose 1.65 percent, as investors snapped up shares that had become attractively cheap after weeks of poor performance. Brazilian markets opened higher after the country's Supreme Court overturned an injunction ordering the indicted head of...

  • De la Vega, 65, who is CEO of AT&T's Business Solutions and International unit, will be succeeded by Thaddeus Arroyo, who heads AT&T's Mexico operations, AT&T spokesman Fletcher Cook said. Kelly King, who was previously the president of the consumer mobile division in 12 U.S. states, will replace Arroyo as chief executive of its Mexico business, according to a...

  • MEXICO CITY, Dec 7- A consortium including billionaire Carlos Slim's building unit submitted the lowest bid on Wednesday in a tender for the terminal project at Mexico City's new $13 billion airport as the telecoms tycoon looks to edge out two rivals for the deal. The construction arm of Slim's Grupo Carso and his majority-owned FCC, submitted a bid of 84.8...

  • MEXICO CITY, Dec 7- Billionaire Carlos Slim's Carso and FCC presented a joint bid on Wednesday with Spanish firm Acciona and cash-strapped builder ICA to build the terminal of Mexico City's new $13 billion airport. Reuters reported on Tuesday that the group, which includes Mexican firms Constructora Y Edificadora GIA+ A, Promotora y Desarrolladora Mexicana,...

  • MEXICO CITY/ MADRID, Dec 6- Mexican tycoon Carlos Slim and construction firm ICA will bid jointly to build a $3.5 billion terminal for Mexico City's new airport, and no longer face competition from Spanish rivals Ferrovial and Dragados, people familiar with the matter said. Reuters reported in October that a consortium led by Carso Infraestructura y...

  • MEXICO CITY, Dec 1- Mexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds in office, it will be good news for Mexico, and that he would be more worried as an American than a Mexican about the next U.S. government. Then, a few days before the Nov. 8 election, Slim said Trump's plans could "destroy" the United States economy.

  • MEXICO CITY, Dec 1- Mexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds as U.S. leader, it will be good news for Mexico, offering a more upbeat view on the outlook for a Trump government than he had previously. "That's fantastic for Mexico," Slim said at an event held by U.S. news agency Bloomberg in Mexico City.

  • MEXICO CITY, Nov 17- Mexico has declared a Chinese-backed group winner of a tender to build and run a multi-billion dollar wholesale mobile network, the first major new investment announced in the country since Donald Trump's U.S. election victory. Second-largest is the 23.36 percent stake held by the China- Mexico fund created by the two countries in 2014,...

  • MEXICO CITY, Nov 17- Mexico on Thursday declared a group backed by Chinese capital and a fund run by Morgan Stanley Infrastructure as the winner of a tender to build and run a national wholesale mobile network. Its second-largest is the China- Mexico fund, which was created by the two countries in 2014, and is managed by a subsidiary of the World Bank's...

  • MEXICO CITY, Nov 10- Mexico's Elementia, a cement company partly owned by billionaire Carlos Slim, said on Thursday it had completed its 4.37 billion peso capital raise and could now complete its takeover of U.S. peer Giant Cement Holding. It will now buy the 55 percent of Giant Cement for some $220 million, Elementia said, and lend it some $305 million.

  • MEXICO CITY, Nov 4- The Mexican government on Friday disqualified one of the two consortia competing to build and run a long-delayed national wholesale mobile network, leaving one group as the sole bidder on the ambitious project. The government disqualified the Rivada consortium from the tender for the network that will use spectrum in the 700 MHz band,...

  • MEXICO CITY, Nov 4- The Mexican government on Friday disqualified one of the two bidders competing to build and run a national wholesale mobile network, a decision the rejected consortium decried as unfair. Ezequiel Gil, an official at the Communications and Transport Ministry told a news conference the group made up of Rivada Networks and Spectrum Frontier,...