Telecom Carlos Slim

  • 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...

  • But a victory by Lopez Obrador, who holds a double-digit lead in most polls before the July 1 vote, could provide upside for Slim's fortunes, particularly with regard to his America Movil telecommunications empire, Reuters interviews with a dozen close friends, partners and other people familiar with their dealings show. Lopez Obrador's pick for telecoms...

  • TEXCOCO, Mexico, June 17- Mexican presidential front-runner Andres Manuel Lopez Obrador said on Sunday that if he wins the July 1 election, he will aim to hold a public vote before taking office on whether to finish building a $13 billion airport outside Mexico City. The airport, spearheaded by President Enrique Pena Nieto and set to be half-completed by year's...

  • The meeting touched on topics including the renegotiation of the North American Free Trade Agreement with the United States and Canada, corruption and job creation, Lopez Obrador said. The former Mexico City mayor, who is in his third campaign for the presidency, has drawn opposition from some in the business community for his plans to revise oil contracts and...

  • NEW YORK/ MEXICO CITY, May 7- Mexico's presidential front-runner met BlackRock Inc Chief Executive Larry Fink on Monday, part of a push by the left-wing politician to reassure investors about his policies ahead of the July vote, and his team said the men clicked personally. Fink met Lopez Obrador on Monday morning in Mexico City, the candidate's adviser Carlos...

  • NEW YORK/ MEXICO CITY, May 7- Mexico's presidential front-runner met BlackRock Inc Chief Executive Larry Fink on Monday, part of a push by the left-winger to reassure investors about his policies ahead of the July vote, with his team saying the men clicked personally. Fink met Lopez Obrador on Monday morning in Mexico City, the candidate's adviser Carlos Urzua...

  • NEW YORK, May 7- Four Mexican presidential campaigns are meeting on Monday with BlackRock Inc Chief Executive Larry Fink, the world's largest asset manager said, ahead of a July 1 election that is being closely watched by financial markets. BlackRock, with extensive ties in Mexico, engages with governments "irrespective of party affiliations," the company said in...

  • MEXICO CITY, May 7- Mexico's left-wing presidential front-runner Andres Manuel Lopez Obrador, who is trying to calm a fierce exchange with some of the country's business leaders, said on Monday he could offer a concession for Mexico City's new airport. But he said at a tourism event on Monday that the airport, Mexico's biggest infrastructure project, could be put...