MEXICO CITY (Reuters) – Mexico’s telecoms regulator on Friday declared two of billionaire Carlos Slim’s major financial and industrial companies “dominant” in telecommunications, but has yet to slap the tag on Slim’s flagship telecom company.
It is widely expected that Slim’s telecom company America Movil will be declared dominant, or having an outsized share in its market, although a spokesman said the company has not yet been notified.
MEXICO CITY (Reuters) – Mexico’s telecoms regulator on Friday declared two of billionaire Carlos Slim’s major financial and industrial companies “dominant” in telecommunications, but has yet to slap the tag on Slim’s flagship telecoms company.
Slim’s telecoms company America Movil (AMXL.MX: Quote, Profile, Research) is widely expected to be declared it is dominant, or has an outsized share, in its market, though it has yet to be notified. Mexico is seeking to spur competition in the tight-knit phone and TV industries.
MEXICO CITY (Reuters) – Mexico’s telecommunications regulator has notified broadcaster Televisa that it dominates its market and will be forced to share infrastructure, the company said on Friday, a key milestone in driving competition in the country’s telecoms sector.
A spokesman for America Movil, the phone giant run by Mexican billionaire Carlos Slim, said that company had not yet been notified of its dominance but expected to be told during the day.
MEXICO CITY, Feb 25 (Reuters) – Foreign investor inflows to
Mexican stocks and bonds picked up slightly in the fourth
quarter, helping Mexico narrow its current account balance of
payments deficit, a central bank report showed on Tuesday.
Foreign portfolio investment in Mexican stocks as well as
corporate and government debt picked up to about $17.182 billion
in the October to December period, higher than $16.914 billion
registered in the third quarter, the central bank said in a
MEXICO CITY, Feb 19 (Reuters) – The keenly awaited fine
print that will flesh out a landmark Mexican energy reform will
not require state oil giant Pemex to take minimum stakes in
contracts and will set out national sourcing requirements,
leading lawmakers said on Wednesday.
Mexico’s Congress in December approved the reform that ends
Pemex’s 75-year monopoly on crude production and aims to attract
significant new streams of private investment into the country’s
lumbering oil, gas and electricity sectors.
SAN JOSE (Reuters) – A center-left former diplomat who has emerged as the surprise leader of Costa Rica’s presidential race vows if he wins a runoff vote to prepare the ground for eventual tax hikes seen as crucial to preserving the credit rating of Central America’s No. 2 economy.
Luis Guillermo Solis, an academic who has never been elected to public office, held a narrow lead following Sunday’s election, riding a wave of disgust over government corruption. He faces a second-round runoff vote in April against centrist ruling party candidate Johnny Araya.
SAN JOSE (Reuters) – A left-leaning former diplomat edged ahead in Costa Rica’s presidential election on Sunday as a strong showing by two leftist parties threatened to wrest power from the centrist government in an April run-off.
Luis Guillermo Solis, an academic who has never been elected to office, edged ahead of ruling party candidate Johnny Araya despite trailing in pre-election polls and early vote returns.
SAN JOSE (Reuters) – Costa Rica’s centrist ruling party front-runner seeks to fend off a leftist surge fueled by voter resentment over government corruption scandals and rising inequality as voters in Central America’s second-largest economy head to the polls on Sunday.
Centrist former San Jose Mayor Johnny Araya is leading on promises to reduce poverty, while distancing himself from President Laura Chinchilla’s scandal-plagued government and painting rivals as radicals.
MEXICO CITY (Reuters) – Mexico is probing seven multinational companies, most of them American and some listed, to investigate whether they avoided paying their taxes amid an international crackdown, a top government tax official told Reuters.
Oscar Molina, who lead audits of big companies at Mexico’s tax collection agency SAT, said the seven firms, which cannot be identified for legal reasons, include Fortune 500 companies in the automotive, mining and retail industries.
MEXICO CITY, Dec 20 (Reuters) – Mexico’s central bank was
unanimous in its decision to hold interest rates at a record low
this month, flagging worries about sluggish growth despite hopes
that economic reforms will help in the medium term, minutes
released on Friday showed.
Central bank board members voted 5-0 at their Dec 6 meeting
to hold their benchmark rate at 3.50 percent after
cuts in October and September that were aimed at countering a
sharp slowdown in Latin America’s no. 2 economy.