Telecom Carlos Slim

  • MEXICO CITY, June 8- Francisco Gil Diaz will step down at the end of June as the head of Spain's Telefonica's Mexican business, the company said in a statement, naming Telefonica Mexico executive Carlos Morales Paulin as the new president and chief executive officer. A former Mexican finance minister, Gil Diaz served as head of Telefonica Mexico for nearly 10...

  • 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...

  • Jeff Bezos

    Amazon rose 10 percent in early trade after a slew of Wall Street analysts praised the e-commerce giant's first-quarter results.

  • Oi will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said.

  • Mark Zuckerberg

    Facebook CEO Mark Zuckerberg is the biggest gainer in Forbes' 2016 billionaires list of the world's richest people.

  • Pitbull preforms in Las Vegas

    Cuban-American musician Armando Christian Peréz is topping the charts in one area few people know about: building an empire.

  • Trump fallout continues

    The backlash against Donald Trump's comments about Mexican immigrants to the U.S. continues to grow.

  • A worker looks up while changing a drill pipe on the Laurus oil drilling rig operated by Petroleos Mexicans (Pemex) in the Ku-Maloob-Zaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico.

    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.

  • Microsoft co-founder and Berkshire Hathaway board member Bill Gates, left, and Chairman and CEO Warren Buffett are shown prior to the annual shareholders meeting in Omaha, Neb.

    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.

  • Buffett's wealth keeps on growing

    Warren Buffett is second only to Bill Gates in the race to being richest person in the world.

  • Warren Buffett

    Warren Buffett has moved ahead of Mexico's Carlos Slim on the Forbes ranking of billionaires, thanks to big gains for Berkshire shares.

  • The Uber car service app is displayed on an HTC smartphone in Berlin, Nov. 24, 2014.

    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 looking to sell assets: Sources

    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.

  • Carlos Slim (left) and Warren Buffett.

    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 25 faceoff: Battle of the billionaires

    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

    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.