MEXICO CITY/ MADRID, May 17- Mexican billionaire Carlos Slim has put two of his grandchildren on boards of his companies, a major step in the succession of one of the world's largest family business empires. Daniel Jr.' s appointment to the board of Slim-owned metals miner Minera Frisco was approved by shareholders in April 2015, according to a public filing to...
BRASILIA, May 12- Brazilian telecoms group Oi SA reported a net loss on Thursday due to competitive pressures against the backdrop of the country's economic downturn, plus the cost of a big debt burden that the company is trying to restructure. Revenue fell 4 percent as Brazil's worst recession in decades squeezed consumer spending on communications services,...
MEXICO CITY, May 9- Spanish construction firm Ferrovial SA may cancel its plan to bid jointly with cash-strapped local builder ICA for a contract to build a $3.5 billion terminal building for Mexico City's new airport, people familiar with the matter said. Ferrovial, which won a 2010 contract to build a terminal at London's Heathrow Airport for around 800...
Amazon rose 10 percent in early trade after a slew of Wall Street analysts praised the e-commerce giant's first-quarter results.
BRASILIA, April 28- Colombia's peso surged to nearly a six-month high on Thursday as Latin American currencies gained after weak U.S. GDP numbers added to expectations that the Federal Reserve will not quickly raise interest rates. Shares of Carlos Slim's America Movil tumbled 11.2 percent in its biggest one-day percentage drop in eight years, after it...
MEXICO CITY, April 27- America Movil said on Wednesday first-quarter profit fell more than 40 percent from a year ago, as mobile competition from AT&T Inc intensified in Mexico and it started paying rent on cell towers after a sweeping regulatory overhaul. The 2013 overhaul was aimed at curbing America Movil's 70 percent market share in Mexico by forcing it to...
Oi will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said.
Facebook CEO Mark Zuckerberg is the biggest gainer in Forbes' 2016 billionaires list of the world's richest people.
Cuban-American musician Armando Christian Peréz is topping the charts in one area few people know about: building an empire.
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.