Articles From: Mexican Bank Banorte's Profit Rises Despite Slower Loan Growth to Mexico's Stocks Close Lower; Peso Firms Against Dollar


2014/1/30
By Amy Guthrie Grupo Financiero Banorte SAB's fourth-quarter net profit rose 20% as the Mexican bank posted double-digit annual growth in deposits but continued to see only a modest expansion of its credit portfolio.
Sign-up for Mexican Bank Banorte's Profit Rises Despite Slower Loan Growth investment picks
By Anthony Harrup MEXICO CITY--Mexico's main television broadcasters turned up the volume Thursday in their dispute with billionaire Carlos Slim, charging that agreements his company's fixed-line unit has with satellite TV provider Dish Mexico violates the terms of its concession.
Sign-up for Mexican Broadcasters Voice More Objections to Slim TV investment picks
By Amy Guthrie MEXICO CITY--Latin America's largest soft drink bottler, Coca-Cola Femsa SAB (KOF), expects Mexico's proposed tax on sweet beverages to reduce its volume sales in the country and result in workforce cuts.
Sign-up for Mexican Coke Bottler Sees Soda Tax Reducing Sales by 5% Next Year investment picks
2013/10/28
By Amy Guthrie MEXICO CITY--Latin America's second-biggest bottler of Coca-Cola Co.
Sign-up for Mexican Coke Bottler Sees Soda Tax Speeding System Consolidation investment picks
2014/4/4
By Amy Guthrie and Anthony Harrup ACAPULCO, Mexico--Mexican Finance Minister Luis Videgaray said Friday that the alleged fraud by Mexican oil-services company Oceanograf��a SA against the local unit of Citigroup Inc. is an isolated case, but still speaks to the need for authorities and banks to tighten controls.
Sign-up for Mexican Finance Minister Says Alleged Oceanografia Fraud an Isolated Case investment picks
2014/3/20
By Amy Guthrie MEXICO CITY--Mexican home builder Corporaci��n Geo SAB said Thursday it has filed for bankruptcy protection in Mexico with a prearranged restructuring plan it hopes will get the struggling company building again.
Sign-up for Mexican Home Builder Geo Files for Bankruptcy investment picks
2014/3/24
By Laurence Iliff MEXICO CITY--Mexican authorities said Monday that a federal judge has ordered a 40-day house arrest against the chief executive of an oil-services firm at the center of an alleged multimillion-dollar fraud against the Mexican unit of Citigroup Inc. Attorney General Jes��s Murillo Karam said at a news conference that prosecutors have yet to determine what charge or charges they might pursue against Oceanograf��a chief executive Amado Ya��ez Osuna.
Sign-up for Mexican Judge Orders House Arrest of Oceanografia CEO investment picks
By Amy Guthrie MEXICO CITY--The Mexican peso gained against the U.S. dollar Friday after the central bank indicated that it won't be making additional interest rate cuts in the near-term.
Sign-up for Mexican Peso Appreciates After Door for More Cuts Closes investment picks
2014/2/13
By Anthony Harrup MEXICO CITY--Mexican President Enrique Pe��a Nieto gave his backing Thursday to the country's newly created telecommunications regulator after broadcaster Grupo Televisa SAB legally challenged the regulator's authority to order the free distribution of its channels on pay-television systems.
Sign-up for Mexican President Backs Regulator in TV Dispute investment picks
By Anthony Harrup MEXICO CITY--Mexican President Enrique Pe��a Nieto gave his backing Thursday to the country's newly created telecommunications regulator after broadcaster Grupo Televisa SAB legally challenged the regulator's authority to order the free distribution of its channels on pay-television systems.
Sign-up for Mexican President Backs Regulator in TV Dispute investment picks
2014/4/2
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=1103642&ProfileId=051205&sourceType=1 HOUSTON, TX --
Sign-up for Mexican Restaurants, Inc. Announces Executive Changes investment picks
2014/2/18
By Anthony Harrup MEXICO CITY--Mexico's Supreme Court on Monday told a Mexico City judge he had no right to question the constitutional powers of the country's telecommunications regulator, marking a partial victory for the newly created regulatory body as it faces the first legal challenge to its authority.
Sign-up for Mexican Supreme Court Backs Telecoms Regulator investment picks
2014/2/19
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) informs that today, upon a request by the Company, the Mexican Supreme Court has agreed to review the legal proceeding regarding ownership limits contained in the Company’s by-laws that impose a 10% ownership threshold.
Sign-up for Mexican Supreme Court to Review Grupo Aeroportuario del Pacífico Proceeding investment picks
By Juan Montes and Anthony Harrup MEXICO CITY--Mexico's new telecommunications regulator suffered its first legal setback, postponing a decision Wednesday on rules under which broadcasters must offer their channels to pay-television systems following a court ruling.
Sign-up for Mexican Telecom Regulator Set Back by Court Ruling -- 3rd Update investment picks
2014/2/13
By Juan Montes and Anthony Harrup MEXICO CITY--Mexico's new telecommunications regulator suffered its first legal setback, postponing a decision Wednesday on rules under which broadcasters must offer their channels to pay-television systems following a court ruling.
Sign-up for Mexican Telecom Regulator Set Back by Court Ruling --Update investment picks
By Juan Montes and Anthony Harrup MEXICO CITY--Mexico's new telecommunications regulator suffered its first legal setback, postponing a decision Wednesday on rules under which broadcasters must offer their channels to pay-television systems following a court ruling.
Sign-up for Mexican Telecom Regulator Set Back by Court Ruling --Update investment picks
By Anthony Harrup and Laurence Iliff MEXICO CITY--Mexican chemicals company Mexichem (MEXCHEM.MX) said Thursday that it is proceeding with plans to build a 550,000 metric-tons-per-year ethylene cracker in Texas under a joint-venture with Occidental Chemical Corp., a unit of Occidental Petroleum Corp.
Sign-up for Mexichem, Oxychem Form Joint-Venture to Build Ethylene Cracker investment picks
By Amy Guthrie MEXICO CITY--The Mexican Senate approved a series of legal changes to encourage more bank lending, and at cheaper rates, in a country where private sector financing is among the skimpiest in Latin America, at just 26% of gross domestic product.
Sign-up for Mexico Approves Financial Overhaul in Bid to Boost Credit investment picks
2013/11/1
Mexican securities regulator CNBV fined the Mexican units of Bank of America Corp.
Sign-up for Mexico Regulator Fines Units of Bank of America, RBS, Barclays Over 2008 Bond Transactions -Bloomberg investment picks
By Amy Guthrie MEXICO CITY--Mexico's new tax on sugary drinks, which took effect in January as part of a government effort to trim waistlines, has reduced the sales volume in the country by more than 5% for Latin America's largest soft-drink bottler, a company official said Wednesday.
Sign-up for Mexico Soda Tax Dents Coke Bottler's Sales investment picks
2013/10/16
By Laurence Iliff MEXICO CITY--Mexican stocks ended moderately higher Wednesday and the peso gained ground on the dollar as lawmakers in the U.S. appeared headed toward a deal to reopen the government and avoid a debt default.
Sign-up for Mexico Stocks, Peso Advance on U.S. Budget, America Movil investment picks
By Laurence Iliff MEXICO CITY--Mexican stocks rose slightly Thursday and the peso gained ground on the U.S. dollar after losses in the previous session that were tied to the U.S. Federal Reserve's tapering of its bond-buying stimulus program.
Sign-up for Mexico Stocks, Peso Gain After Losses in Previous Session investment picks
2014/3/7
By Anthony Harrup and Juan Montes MEXICO CITY--Mexico took unprecedented strides to rein in the country's telecommunications and television operators, imposing a rash of measures on the phone companies of billionaire Carlos Slim and on the country's top broadcaster Grupo Televisa in a bid to improve competition in their markets.
Sign-up for Mexico Takes Bold Measures to Rein In Telecom, TV Giants investment picks
2014/1/24
-Biggest reform in Mexico since NAFTA could set up dramatic transformation at border -Bank's economists to host conference call next Tuesday to discuss the legislation -Historic legislation allows foreign investment HOUSTON , Jan.
Sign-up for Mexico's energy reforms promise to create abundant opportunities for U.S. firms investment picks
2014/2/12
By Judy McKinnon and Amy Guthrie TORONTO--Grupo Bimbo SAB (BIMBO.MX) on Wednesday agreed to acquire Maple Leaf Foods Inc.'s (MFI.T) Canada Bread Co.
Sign-up for Mexico's Grupo Bimbo to Buy Canada Bread for C$72/Share investment picks
2014/3/31
SAO PAULO , March 31, 2014 /PRNewswire/ --  FICO (NYSE:FICO) , a leading predictive analytics and decision management software company, today announced that the Mexican bank Invex will use FICO® Debt Manager 9  solution to improve collections results for delinquent credit cards.
Sign-up for Mexico's Invex Selects FICO Debt Manager 9 to Transform Collections and Recovery investment picks
2013/11/21
By Anthony Harrup MEXICO CITY--Foreign direct investment in Mexico more than doubled in the first nine months of the year, boosted by brewer Anheuser-Busch Inbev N.V.'s (BUD, ABI.BT ) buyout of Mexican beer maker Grupo Modelo SAB, the Economy Ministry said Thursday.
Sign-up for Mexico's January-September Foreign Direct Investment $28.2 Billion investment picks
By Anthony Harrup MEXICO CITY--Mexican President Enrique Pe��a Nieto submitted to Congress Wednesday a proposed new competition law that gives antitrust authorities greater powers to ensure competition in the $1.2 trillion economy.
Sign-up for Mexico's President Sends New Competition Bill to Congress investment picks
2014/3/24
By Juan Montes MEXICO CITY--Mexican President Enrique Pe��a Nieto submitted to Congress on Monday a telecommunications bill intended to boost competition in the quasimonopolistic markets dominated by tycoon Carlos Slim's Am��rica M��vil and broadcast company Grupo Televisa, just weeks after the country's telecom regulator imposed tough restrictions on both companies.
Sign-up for Mexico's President Unveils Telecom Bill investment picks
By Anthony Harrup MEXICO CITY--Mexican stocks closed lower Thursday ahead of a key corporate earnings report, while the peso firmed slightly against the U.S. dollar.
Sign-up for Mexico's Stocks Close Lower; Peso Firms Against Dollar investment picks
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Articles From: Mexican Bank Banorte's Profit Rises Despite Slower Loan Growth to Mexico's Stocks Close Lower; Peso Firms Against Dollar
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