Telecom Carlos Slim

  • *Lenders in Turkey, India at particular risk- analysts. Non-performing loans have shot up to a global high of close to 10 percent of gross credit exposures in India, and they are expected to edge up this year in China, Mexico, Indonesia, Russia, Turkey and Argentina, say analysts. EM bank lending swelled to an average of 128 percent of GDP among the BRICS- Brazil, Russia,...

  • Feb 20- Millicom International Cellular, a cable and mobile operator in Latin America and Africa, said on Wednesday it has bought for $1.65 billion the mobile telecommunications assets of Spain's Telefonica in Panama, Costa Rica and Nicaragua.

  • MEXICO CITY, Jan 24- Mexico's America Movil said on Thursday it is acquiring Telefonica's operations in Guatemala for $333 million and in El Salvador for $315 million. America Movil, which is controlled by the family of Mexican billionaire Carlos Slim, said in a statement that it will acquire 100 percent of the Guatemalan business and 99.3 percent of the...

  • MEXICO CITY, Jan 23- JPMorgan Chase& Co's private bank is expanding in Mexico and elsewhere in Latin America, the unit's regional CEO said on Wednesday, as wealth creation and political changes bolster the sector's prospects. The bank's growth priorities are Mexico, Argentina and Colombia, Tejpaul said, although it also serves clients in Brazil, Chile, Peru and...

  • Lopez Obrador later addressed a massive crowd of supporters in the heart of the capital, promising to put Mexico's sizeable indigenous minority first in his drive to root out inequality. A major challenge facing the new leader is managing relations with Mexico's top trading partner, the United States, after repeated broadsides by President Donald Trump...

  • Backed by a gigantic Mexican flag, the 65- year-old took the oath of office in the lower house of Congress, pledging to bring about a "radical" rebirth of Mexico to overturn what he called a disastrous legacy of decades of "neo-liberal" governments. A major challenge facing Lopez Obrador is managing relations with Mexico's top trading partner, the United States,...

  • One of the biggest challenges facing Lopez Obrador is managing the relationship with Mexico's top trading partner the United States, after repeated insults across the border by President Donald Trump. Lopez Obrador promised higher wages for the poor and zero tolerance for corruption in his government. But in a reference to one of his heroes, the former...

  • Warren Buffett and Bill Gates attend the Forbes' 2015 Philanthropy Summit Awards Dinner.

    These books changed how top leaders live, invest and work. 

  • MEXICO CITY, Nov 9- A top lawmaker from the party of Mexicos president-elect pledged the countrys leftist government would act with caution after a surprise bill to limit bank commissions sparked the stock markets biggest fall in more than seven years on Thursday. Mario Delgado, who leads President-elect Andres Manuel Lopez Obrador's National Regeneration...

  • MEXICO CITY, Nov 8- Mexico's banking stocks plummeted on Thursday after a senator from the president-elect's party unexpectedly presented a proposal to stop banks from charging certain commissions, deepening fears about the leftist's economic policy. Mexico's S&P/BMV IPC stock index fell 5.8 percent, its biggest one-day loss in more than seven years.

  • MEXICO CITY, Nov 8- Mexico's banking stocks plummeted on Thursday after a senator from the president-elect's party unexpectedly presented a proposal to stop banks from charging certain commissions, deepening fears about the leftist's economic policy. Mexico's S&P/BMV IPC stock index fell 5.8 percent, its biggest one-day loss in more than seven years.

  • MEXICO CITY, Oct 31- A decision on Monday by Mexico's next president to scrap a partly built $13 billion Mexico City airport has raised questions about the feasibility of his alternative plan, and consequences of the change. Lopez Obrador aims to add two runways to the military air base at Santa Lucia, some 29 miles by road north of the current facility, Benito...

  • But during the campaign that catapulted him to a landslide victory in July, the left-leaning Lopez Obrador attacked the new airport as a nexus of corruption between business interests and the political class as he vowed to end graft in Mexico. The American Chamber of Commerce of Mexico, which groups some of the largest investors in the economy, said in a...

  • MEXICO CITY, Oct 29- Mexican President-elect Andres Manuel Lopez Obrador said on Monday his government would ditch a partially-built $13 billion new airport for Mexico City, sending Mexican financial markets into a nosedive. Lopez Obrador said his administration, which takes office on Dec. 1, would heed the results of a referendum that called for abandoning...

  • MEXICO CITY, Oct 29- Mexican President-elect Andres Manuel Lopez Obrador said on Monday his government would ditch a partially-built $13 billion new airport for Mexico City, sending the peso currency and stocks tumbling sharply. Lopez Obrador said his administration, which takes office on Dec. 1, would heed results of a referendum where voters called for...

  • Billionaires Bill Gates and Warren Buffett speak with journalist Charlie Rose at an event organized by Columbia Business School on Jan. 27, 2017, in New York.

    Billionaires, who added billions to their fortunes in recent months, saw a reversal of fortune Monday as the stock market swooned.

  • Mexican billionaire Carlos Slim reportedly will cut his stake in New York Times nearly in half

    Carlos Slim will reduce his stake in New York Times, according to Bloomberg News.

  • Saudi Prince Alwaleed bin Talal.

    The Saudis' corruption crackdown opened up a chasm under the tech industry’s justification for taking money from the religious monarchy, NYT reports.

  • Priscilla Chan and Mark Zuckerberg

    The stock market was generous to Mark Zuckerberg this summer -- as was life in general

  • Mark Zuckerberg

    The Facebook founder isn't just rich. He's super-wealthy at an exceptionally young age.