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Mexican billionaire Slim vows to invest in Mexico, touting economic prospects

Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters......»»

Category: topSource: reutersOct 16th, 2019

Mexico"s America Movil fined by regulator; calls it "illegal and disproportionate"

America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said on Monday that one of its subsidiaries had been fined 1.3 billion pesos ($69.53 million) by Mexico's telecoms regulator......»»

Category: topSource: reutersJan 27th, 2020

Mexico"s America Movil fined 1.3 billion pesos by telecoms regulator

America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said in a regulatory filing on Monday that one of its subsidiaries had been fined 1.3 billion pesos ($69.53 million) by Mexico's telecoms regulator......»»

Category: topSource: reutersJan 27th, 2020

Mexico"s Slim worried by leftist candidate opposing airport

Mexican billionaire Carlos Slim said Monday that he would be concerned if leftist presidential candidate Andres Manuel Lopez Obrador wins and cancels the new Mexico City airport project......»»

Category: topSource: foxnewsApr 16th, 2018

Billionaire Slim, America Movil, could profit from election of Mexican leftist

MEXICO CITY (Reuters) - Billionaire Carlos Slim has had harsh words for Mexico's presidential frontrunner, saying recently he is "concerned and afraid" about what leftist Andres Manuel Lopez Obrador might do if elected......»»

Category: topSource: reutersJun 18th, 2018

Capitol Report: Migration, COVID, economy on agenda in Biden’s meeting with Mexican president

President Joe Biden is expected to discuss migration, the COVID pandemic and economic cooperation with Mexico in his Monday meeting with President Andrés Manuel López Obrador......»»

Category: topSource: marketwatchMar 1st, 2021

Key Words: ‘If a year from now, we are still in the same situation,’ dealing with coronavirus lockdowns ‘we would be called a second’ Great Depression, says tearful billionaire Paul Tudor Jones

Billionaire investor Paul Tudor Jones remains optimistic about the U.S.’s ability to tackle the COVID-19 pandemic but offered a warning about the economic prospects for America if the viral outbreak cannot be slowed a year from now......»»

Category: topSource: marketwatchMay 11th, 2020

Credit Suisse sees 2020 economic contraction in Mexico of 4%

Credit Suisse sharply lowered its forecast for Mexican economic growth this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday......»»

Category: topSource: reutersMar 17th, 2020

Microsoft to invest $1.1 billion in Mexico over next five years: CEO

Microsoft Chief Executive Satya Nadella said the technology giant will invest $1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday......»»

Category: topSource: reutersFeb 20th, 2020

Mexico"s America Movil fined 1.3 billion pesos by telecom regulator: filing

America Movil, the telecoms giant controlled by the family of Mexican bilionaire Carlos Slim, said in a regulatory filing on Monday that it had been fined 1.3 billion pesos ($69.53 million) by Mexico's telecom regulator......»»

Category: topSource: reutersJan 27th, 2020

Mexican official eyes stronger ties with China after U.S. trade deal

Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American trade deal, a senior Mexican official said late on Saturday......»»

Category: topSource: reutersJan 19th, 2020

Mexican president: AT&T CEO says will continue to invest in Mexico, Reuters says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 17th, 2019

Opinion: Mexico"s economy has a worse outlook without Carlos Urzúa

On July 9, 2019, Mexican Finance Minster Carlos Urzúa resigned over differences in economic policy with President López Obrador. Image: Reuters.....»»

Category: topSource: moneycentralJul 15th, 2019

Mexico peso falls as investors fret over finance chief"s exit

The Mexican peso plunged by the most since a tariff standoff with the U.S. in late May after Finance Minister Carlos Urzua abruptly resigned, casting doubt on the government’s ability to stave off economic and financial challenges......»»

Category: topSource: moneycentralJul 9th, 2019

Mexico peso falls as investors fret over finance chief"s exit

The Mexican peso plunged by the most since a tariff standoff with the U.S. in late May after Finance Minister Carlos Urzua abruptly resigned, casting doubt on the government’s ability to stave off economic and financial challenges......»»

Category: topSource: moneycentralJul 9th, 2019

Trump says China will make a deal: "They"re going to have to"

Trump's remarks during an exclusive interview on CNBC's "Squawk Box" came after the president sent a series of tweets touting the deal reached with Mexico that prevented the U.S. from imposing tariffs of 5% on all Mexican goods......»»

Category: topSource: moneycentralJun 10th, 2019

Trump says China is going to make a deal because "they"re going to have to"

Trump's remarks during an exclusive interview on CNBC's "Squawk Box" came after the president sent a series of tweets touting the deal reached with Mexico that prevented the U.S. from imposing tariffs of 5% on all Mexican goods......»»

Category: topSource: moneycentralJun 10th, 2019

U.S. House panel chairman says he"ll seek to block any tariffs on Mexico

The head of the U.S. House Ways and Means Committee on Thursday vowed to take steps aimed at blocking tariffs on Mexican goods if President Donald Trump moves ahead with his economic threat to levy such imports on Monday......»»

Category: topSource: reutersJun 6th, 2019

The Man Who Lost $35 Billion In One Year Compares His Failed Business To Tesla

Eike Batista was once known as the richest person in Brazil and for telling Mexican billionaire Carlos Slim to "watch out" because he was pois.....»»

Category: blogSource: zerohedgeJun 3rd, 2019

How Trump"s Mexico threat imperils his own economic agenda

President Donald Trump's vow to impose new tariffs on Mexican imports risks sabotaging not just his drive to forge more favorable trade deals but also a U.S. economy that he says has strengthened under his watch......»»

Category: topSource: foxnewsJun 1st, 2019

U.S. manufacturers, farmers fret over Trump"s Mexico tariff plan

Mexico's president on Friday urged his U.S. counterpart, Donald Trump, to back down from threats to slap tariffs on Mexican goods entering the United States, in a dispute over migration that could create a major economic shock for Mexico......»»

Category: topSource: reutersMay 31st, 2019