Carlos Slim
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Record low interest rates, cold hard cash on balance sheets and Mexico are among the themes at the Milken Institute Global Conference.
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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.
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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.
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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.
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Guessing the number of billionaires in the world (or even in a single country) is just that -- a guessing game. But it's a highly profitable and increasingly popular one.
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MADRID/ BARCELONA, Feb 28- Spain's Telefonica, Europe's biggest telecoms provider, showed signs of a turnaround on Thursday in its battered home market after a painful restructuring and thousands of layoffs.
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MEXICO CITY, Feb 27- The arrest of Mexico's best-known trade union leader on fraud charges has thrown down the gauntlet to powerful interests standing between President Enrique Pena Nieto and his plans to shake up Latin America's second-biggest economy.
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MEXICO CITY, Feb 27- The arrest of Mexico's best-known trade union leader on fraud charges has thrown down the gauntlet to powerful interests standing between President Enrique Pena Nieto and his plans to shake up Latin America's second-biggest economy.
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*U.S. telcos valued at 17.6 times earnings vs 9.9 in Europe. BARCELONA, Feb 24- When the bosses of global mobile operators meet in Barcelona this week, there will be an elephant in the room: the widening gap between fast-growing and richly-valued U.S. telecoms companies and their ailing European counterparts.
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*America Movil shares down over 5 pct year-to-date. MEXICO CITY, Feb 22- The business empire of the world's richest man, Carlos Slim, is showing signs of wear as investments made by his flagship firm America Movil sour and regulators and competitors squeeze profit margins at Latin America's largest phone company.
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*Slim's America Movil owns nearly 30 pct of KPN. *America Movil takes 2 seats on KPN supervisory board. BRUSSELS, Feb 20- Carlos Slim, the world's richest man, has backed KPN's plan to raise 4 billion euros and will take two seats on the board as he battles to turn around a heavily loss-making investment in the Dutch telecoms group.
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*America Movil owns nearly 28 pct of KPN. BRUSSELS, Feb 20- Dutch telecoms group KPN said its largest shareholder, America Movil, had backed its plan to raise 4 billion euros and the two would seek to develop joint cost-cutting initiatives.
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MEXICO CITY, Feb 18- Mexico's growth picked up in the final months of last year as strength in consumer spending buoyed Latin America's no. 2 economy but a fall in industrial activity backed bets on lower interest rates ahead.
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MEXICO CITY, Feb 13- America Movil, the flagship company of Mexican tycoon Carlos Slim, suffered its biggest share price loss in more than four years after the phone company reported disappointing earnings, hit by weak revenue and higher costs.
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MEXICO CITY, Feb 13- America Movil, the flagship company of Mexican tycoon Carlos Slim, suffered its biggest share price loss in more than four years after the phone company reported disappointing earnings, hit by weak revenue and higher costs.
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MEXICO CITY, Feb 8- Carlos Slim's retailer Sanborns raised just shy of $1 billion in its public listing, but shares made a lackluster debut on Friday amid concerns that investors may have paid too much for a piece of the world's richest man. Sanborns' offering priced at 28 pesos, at the low end of its 27 pesos to 32 pesos range, raising 12.1 billion Mexican pesos.
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MEXICO CITY, Feb 8- Carlos Slim's retailer Sanborns raised about $930 million in its public listing, but shares made a lackluster debut on Friday amid concerns that investors may have paid too much for a piece of the world's richest man.
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MEXICO CITY, Feb 8- Shares of Carlos Slim's retailer Sanborns fell in their market debut on Friday in a sign that the Mexican tycoon may have been too ambitious in a local market trading at record highs.
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MEXICO CITY, Jan 30- Mexico's telecoms chief Mony de Swaan is due to face lawmakers on Thursday who want to know why he awarded millions of dollars in government contracts they believe may have been redundant.
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*Telefonica weighs LatAm IPO, Tel Italia examines spin-off. PARIS/ LONDON, Jan 30- European telecoms valuations are languishing near decade lows, and investors are unlikely to be tempted back over the next few weeks, when industry results will show that revenues remain on the slide.
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*Debt crisis humbles Europe in hunt for economic growth. SANTIAGO, Jan 27- Five years ago during the closing speeches of a summit in Chile, Spain's king told Venezuelan President Hugo Chavez to "shut up" in an exchange that epitomized the fruitless meetings between Europe and Latin America at the time.