Carlos Slim Helú has more than doubled his stake in The New York Times Company, to nearly 17 percent, NYT reports.» Read More
MEXICO CITY, Sept 3- Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport and could issue up to 30- year bonds to finance later stages, a senior project official said on Wednesday.
MEXICO CITY, Sept 3- Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport, and could issue up to 30- year bonds to finance later stages, a senior project official said on Wednesday. President Enrique Pena Nieto formally announced the project on Tuesday.
SANTANDER, Spain, Sept 1- Telefonica plans to exit Telecom Italia once the Spanish group has finalised the purchase of Vivendi's Brazilian broadband unit GVT, its chairman said on Monday, ending a long-standing shareholding.
RIO DE JANEIRO/ PARIS, Aug 27- Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by foreign rivals.
Aug 11- Mobile service provider NII Holdings Inc, reporting its ninth quarterly loss in a row, said on Monday it may have to file for bankruptcy after struggling to compete in Brazil and Mexico. The company, which operates in Latin America under the Nextel brand, ended the second quarter with a net debt of $4.8 billion and with $1 billion in cash and investments.
The senate approved a series of laws this week aimed at attracting companies such as Royal Dutch Shell Plc and Exxon Mobil Corp, and help stem declining crude production in Latin America's No. 2 economy.
The privately held company obtained a license to operate in Mexico earlier this year, and will use the network owned by Spain's Telefonica, the sources, who requested anonymity as the plans were still not public, said.
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.
The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.
Mexican billionaire Carlos Slim thinks the central banks' easy money is all good, with CNBC's Michelle Caruso-Cabrera.
CNBC's Michelle Caruso-Cabrera spoke with Mexican billionaire Carlos Slim about why he thinks Mexico is the best place to invest right now. And, Fast Money trader Josh Brown reveals how he's managing his bearish call on Microsoft.
The billionaire telecom titan has slipped in rankings of the world's richest men, reports CNBC's Michelle Caruso-Cabrera.