Carlos Slim, Latin America’s wealthiest businessman, has long enjoyed a dominant position in Mexico’s telecom sector. New rules spearheaded by the administration of Mexican President Enrique Peña Nieto, however, could threaten Slim’s position in the market.
The turmoil should define the moment to start working for peace, writes Gustavo Cisneros
Bargain hunters and souvenir seekers who had hoped to buy a piece of bankruptcy history at an auction in Brazil this week will have to wait for a judge to make up his mind before they can get their hands on any items they successfully bid on.
Gustavo Cisneros, 54, is the head that shows at the Cisneros Group. He graduated from the School of Business Administration of the Babson College in Wensley, Massachusetts and under his father’s guidance; he got to know every corner of the family’s domain.
How many billionaires live in the most unequal region in the world? Exactly 111 people can count their wealth at more than $1 billion, according to consultancy firm Wealth-X and Swiss bank UBS. 2013 saw the list grow by three names compared to 2012; their combined wealth reaches $496 billion, or 2.3 percent more than the previous year.
UK investment firm Infund LLP (Infund) has filed a civil lawsuit in Mexico
against Germán Larrea Mota Velasco (Larrea), CEO and controlling shareholder
of Grupo Mexico, SAB de CV (GMexico), and as a result of the lawsuit the court
has frozen seven percent of GMexico’s outstanding equity pending conclusion of
By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Sixty-four out of the 71 national and international companies that filed requests with the Brazil’s National Petroleum Agency (ANP) will be allowed to bid for Brazilian exploration blocks this May, the oil regulator announced. This represents a modest increase from the 61 firms that [...]
Looking for new growth markets, executives at German electrical utility company E.on saw what they thought could be a golden opportunity in Brazil. Now their local partner is threatened with major financial problems and the joint venture MPX may face billions in potential losses.
* Blockade by OSX shipyard workers lead to wider LLX protest
Mexico is well represented in the $10 billion-plus club and German Larrea Mota Velasco and family is the fourth richest in the Latin American country according to Forbes.
By 1992, I wanted to be in the U.S. market on a big scale. I thought the telenovelas and programming we'd developed in Venezuela could do very well in the U.S., but no one believed me. People thought Hispanics in the U.S. were different and that you had to make TV productions there to capture the experience. Not only was that an expensive proposition, but I didn't think it was true.
Venezuelan billionaire Gustavo Cisneros is setting up joint ventures with Chinese banks to carry out investment in Latin American commodities industries.
Vivendi SA, owner of the world’s largest music company, gained control of GVT (Holding) SA by purchasing a majority stake and began a mandatory bid for the rest of the shares, trumping a competing offer by Telefonica SA.