Record low interest rates, cold hard cash on balance sheets and Mexico are among the themes at the Milken Institute Global Conference.» Read More
NICOSIA/ MOSCOW- Russia rebuffs Cypriot entreaties for aid, leaving the island's increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week or face the collapse of its financial system. (EUROZONE- CYPRUS/, expect by 1630 GMT/ 12:00 PM ET, by Michele Kambas and Lidia Kelly, 1,160 words).
MEXICO CITY, March 22- Mexico's lower house of Congress approved a sweeping reform of the telecommunications industry early on Friday, sending legislation that aims to curb Carlos Slim's dominance of the phone market to the Senate without making major changes.
MEXICO CITY, March 22- Mexico's lower house of Congress gave final approval to a major telecommunications bill early Friday morning, a reform that threatens to loosen tycoon Carlos Slim's grip on the phone market and broadcaster Televisa's dominance of the airwaves.
MEXICO CITY, March 21- Mexico's lower house of Congress gave broad approval Thursday night to a telecommunications reform that threatens to loosen tycoon Carlos Slim's grip on the phone market and broadcaster Televisa's dominance of the airwaves.
MEXICO CITY, March 19- Mexican tycoon Carlos Slim's telecom giant, America Movil, aims to boost by 40 billion pesos the fund it uses to repurchase shares, the company said in a statement to the Mexican stock exchange on Tuesday.
The country's push for economic reforms and the revival of the economy of its largest trading partner, the United States, are stirring investor interest in Latin America's No. 2 market.
PANAMA CITY, March 17- Latin America is increasingly looking to the private sector to help fund a $200 billion a year infrastructure investment gap that is dragging on economic growth and preventing the region from catching up to other emerging markets.
MEXICO CITY, March 15- Shares of Mexican tycoon Carlos Slim's phone giant America Movil fell almost 5 percent on Friday, a day after a congressional committee passed an ambitious bill that aims to loosen his hold on the telecommunications market.
MEXICO CITY, March 15- An ambitious government plan to shake up Mexico's phone and television markets passed its first hurdle in Congress just days after it was unveiled, but political sniping, legal risks and the power of industry giants could still blunt or delay it.
MEXICO CITY, March 14- Shares of Carlos Slim's phone giant America Movil rose on Thursday, helped by a local brokerage's upgrade of its recommendation and the company buying back what amounted to a quarter of all its shares traded during the day.
MEXICO CITY, March 12- Mexico's ambitious bid to overhaul its phone and television markets threatens to eat into revenue of the major players, telecoms tycoon Carlos Slim and TV mogul Emilio Azcarraga, and may force the two to seek new business on each other's turf.
MEXICO CITY, March 12- Shares of Mexican tycoon Carlos Slim's America Movil telecom company fell to their lowest since 2009 on Tuesday, the day after Mexico presented a reform bill aimed at spurring competition in the telephone and television sectors.
NEW YORK, March 12- Standard& Poor's on Tuesday revised its sovereign foreign currency credit outlook on Mexico to positive from stable, citing government efforts to implement fiscal and economic reforms.
MEXICO CITY, March 11- Mexico's government on Monday threatened the country's telecommunications giants with forced asset sales, unveiling a plan to loosen billionaire Carlos Slim's hold on the telephone market and curb broadcaster Televisa's dominance of the airwaves.
*America Movil shares down 2.65 pct; Televisa shares down 1.58 pct. MEXICO CITY, March 11- Mexico's government on Monday presented a reform bill that aims to loosen billionaire Carlos Slim's hold on the telecommunications market and curb top broadcaster Televisa's rule of the airwaves, according to a draft copy of the document.
MEXICO CITY, March 11- Mexico's government on Monday presented a bill to reform the country's telecom law. The bill, announced at a news conference, is expected to loosen billionaire Carlos Slim's hold on the telecommunications market and curb top broadcaster Televisa's rule of the airwaves. Details of the proposed reform were not immediately available.
One of the latest examples was told by the writer and provocateur Matt Taibbi, famed for having described Goldman Sachs as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
MADRID, March 4- Spain's Amancio Ortega, elevated by Forbes to become the third richest person in the world, may have discovered fashion's secret of eternal youth. The aggressively managed Inditex has more than 6,000 stores in some 90 countries and includes such brands as Ortega's flagship Zara, Zara Home, Massimo Dutti and others.
NEW YORK, March 4- Spain's Amancio Ortega, the co-founder of the Inditex fashion group, leapt over Warren Buffett and France's Bernard Arnault to become the world's third richest person on Forbes' 2013 annual ranking of billionaires, with an estimated net worth of $57 billion.
The company was a diversified media outfit 10 years ago, owning eight television stations; two radio stations; 16 newspapers in addition to the New York Times, the Boston Globe and the International Herald Tribune; and a slew of websites.