Telecom Carlos Slim

  • 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...

  • MEXICO CITY, Sept 10- Billionaire Carlos Slim's America Movil and Mexico's state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid. America Movil had presented a cheaper offer of roughly $24.5 million, a company spokesman said,...

  • MEXICO CITY, Sept 5- A top engineering association on Wednesday backed the completion of Mexico City's new airport, a $13 billion project which President-elect Andres Manuel Lopez Obrador has threatened to scrap, arguing it is too expensive and tainted by corruption. Lopez Obrador said last month his government would either finish the hub, or expand a military...

  • MEXICO CITY, Aug 17- Mexico's incoming government on Friday postponed a decision on whether to complete a new Mexico City airport, saying the public should be consulted on the fate of the $13 billion-dollar hub, which the next president had initially opposed. However, a significant amount of work has been completed on the ambitious project, making a decision to...

  • MEXICO CITY, Aug 17- Mexico's incoming government on Friday postponed a decision on whether to complete a new Mexico City airport, saying the public should have the final word on the fate of the $13 billion-dollar hub, which the next president had initially opposed. However, a significant amount of work has been completed on the ambitious project, making a...

  • MEXICO CITY, July 26- Mexico's second-largest bank Grupo Financiero Banorte has laid off some 500 employees from recently acquired Grupo Financiero Interacciones, or about half of the specialist government lender's workforce, with more job cuts to come, two people with knowledge of the matter said. Banorte recently closed the $1.4 billion half-cash,...

  • MEXICO CITY, July 17- Mexico's America Movil, the largest telecommunications firm in Latin America by number of subscribers, saw its net profit slide 94 percent in the second quarter, hammered by currency-related swings. The company, which is controlled by the family of Mexican billionaire Carlos Slim, posted a net profit of 818 million Mexican pesos, down...

  • MEXICO CITY, July 17- Mexico's America Movil, the largest telecommunications firm in Latin America by number of subscribers, saw its net profit slide 94 percent in the second quarter, hammered by currency-related swings. America Movil said its performance was hurt by the U.S. dollar's gains against the currencies of Mexico and Brazil, two of its key markets.

  • BRASILIA, July 17- Brazil's benchmark index rose on Tuesday to its highest level in about six weeks after the head of the U.S. Brazil's Bovespa gained nearly 2 percent, outdoing other major Latin America markets. In prepared remarks before the Senate Banking Committee, Fed Chairman Jerome Powell downplayed the impact of current global trade policy discussions...

  • MEXICO CITY, July 17- America Movil, Latin America's largest telecommunications firm by number of subscribers, reported second-quarter net profit of 818 million pesos, down 94.3 percent from the same period last year.

  • "We are basically supporting what Mexico has been putting forward," he said. Mexico depends heavily on trade with the United States, which receives about 80 percent of its exports. Seade said he supports the positions Mexico has taken in the talks, though he has thoughts on how to sweeten the deal for Trump without unduly harming Mexico.

  • "We are basically supporting what Mexico has been putting forward," he said. Mexico depends heavily on trade with the United States, which receives about 80 percent of its exports. Seade said he supports the positions Mexico has taken in the talks, though he has thoughts on how to sweeten the deal for Trump without unduly harming Mexico.

  • MEXICO CITY/ SAN FRANCISCO, June 28- Ahead of Mexico's presidential election on Sunday, Facebook pages criticizing the leftist frontrunner feature posts with thousands of "likes" and no other reactions or comments, suggesting automation, a report on Thursday from the Atlantic Council said. Many "likes" on the pages attacking Andres Manuel Lopez Obrador, a former...

  • MEXICO CITY/ SAN FRANCISCO, June 28- Ahead of Mexico's presidential election on Sunday, Facebook pages criticizing the leftist frontrunner feature posts with thousands of "likes" and no other reactions or comments, suggesting automation, a report on Thursday from the Atlantic Council said. Many "likes" on the pages attacking Andres Manuel Lopez Obrador, a former...