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MEXICO CITY, Nov 9- Mexico's telecommunications regulator on Monday fined a unit of Spain's Telefonica a record 410.9 million Mexican pesos for not complying with quality controls. The Federal Telecommunications Institute said the fine was imposed in response to the high number of dropped calls by Pegaso, owned by Mexico's No. 2 wireless operator Telefonica,...
MEXICO CITY, Nov 6- Mexican phone company Telmex said on Friday it has knowledge of a supreme court decision that denies its request for an injunction on a 638.1 million peso anti-trust penalty from 2013, the company said in a statement. Telmex, the fixed-line phone company controlled by billionaire Carlos Slim, said it has yet to be formally notified of the...
MERIDA, Mexico, Nov 6- After standing by Communist Cuba in its years of international isolation, Mexico welcomed Cuban President Raul Castro on Friday as it seeks to turn Havana's thawing relations with the United States into a major business opportunity on the island. Following Pena Nieto's words closely, Castro praised Mexico for its solidarity during the...
For the first time since Washington and Havana announced a historic rapprochement last December, Cuban President Raul Castro will on Friday visit Mexico, a country eager to stake its claim as Cuba's principal bridge to Latin America. Castro will meet his Mexican counterpart President Enrique Pena Nieto in the picturesque colonial-era city of Merida just a...
The backlash against Donald Trump's comments about Mexican immigrants to the U.S. continues to grow.
Headlines about Mexico have been dominated by violence, corruption and weak growth. However, the country's fortunes may be revived, with banks like HSBC interested in investing.
The number of billionaires in the world grew by 222 in 2014, bringing the total to a record 2,089, according to a new report. Here's how much they own.
Warren Buffett is second only to Bill Gates in the race to being richest person in the world.
Warren Buffett has moved ahead of Mexico's Carlos Slim on the Forbes ranking of billionaires, thanks to big gains for Berkshire shares.
A small group of elite investors are behind Uber's latest fundraising effort and believe the company is set for a massive IPO.
America Movil is looking to sell assets for up to $20 billion, reports CNBC's Michelle Caruso-Cabrera
Turned a raft of industrial acquisitions and the sale of the state telephony monopoly into a business empire that touches most aspects of Mexican life.
Income inequality is growing and the rich keep getting richer. In 25 years a serial entrepreneur with grand visions may cross the wealth threshold.
One ranks among the greatest wealth creators of all time. The other has made investing during crisis an art form. Who has mattered more?
CNBC's Sara Eisen and Dominic Chu take a look at two of the world's richest men, the legendary "Oracle of Omaha," Warren Buffett and Mexican mega billionaire, Carlos Slim.
Eike Batista's OGX—the cornerstone of his short-lived mining, energy and shipping empire—is expected to file for bankruptcy as early as this weekend.
Bidding for a struggling Dutch telecoms group may seem an odd move for a Mexican billionaire, but Carlos Slim could be placing a long-term bet on an improvement in the European economic climate and in Germany in particular.
Robin Bienenstock, senior analyst for European and Latin American telecommunications at Sanford C Bernstein, says Mexican billionaire Carlos Slim's bid for KPN is all about Germany.
Dutch telecom group KPN's main shareholder America Movil has ended an agreement to limit its holding to below 30 percent, a sign it may bid for the whole company.
With industrial economies, it's OK to have workers retire at 65, Slim says. But in developed economies, built on knowledge and experience, 60 is when workers hit their prime.