Cemex Scoops Up US Cement Maker Mexico’s Cemex, the world’s third-largest cement producer, has acquired the second-largest cement company in the US, Houston-based Southdown, for $2.8 billion. The sale price […]
Category: Mexico
Posted inMagazine
Leaving the Limelight
José Angel Gurría, Mexico’s veteran finance secretary and an architect of the country’s economic reforms, says adiós after more than two decades of public service.
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Standing On Their Own
Three years after the government pension plan overhaul, new financial regulations are helping Mexicans discover non-traditional ways to plan for their economic futures.
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Business & Banking
ING Sells Mexican InsurerGrupo Financiero BBVA-Bancomer, Mexico’s largest financial group, bought out ING Groep’s stakes in three financial services companies for $693 million. ING, the largest financial services company in […]
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Latin America’s Best Bank
It has paid back the government and assembled capital reserves way ahead of schedule. Now Mexico’s Banamex is at the top of its game as the country moves beyond the peso crisis.
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Sovereign Report
Mexico Weighs In Mexico returned to the Japanese market in September with a ¥50 billion four-year Samurai deal, five months after issuing a five-year, ¥50 billion Samurai in April. This […]
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Taxing Challenges Facing Fox
Mexico’s business community is excited about Vicente Fox’s historic presidential victory. But the outcome of his proposed fiscal reforms, guided by a former World Bank official, could dull the political mood.
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Spanish Spending Spree
Spain’s Banco Bilbao Vizcaya Argentaria spent more than it planned to buy Mexico’s second-biggest bank. With BBVA’s substantial assets and promise of profits, colonial domination isn’t looking so bad.
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Televisa Spreads the Wealth
Mexican businessman Alejandro Burillo plans to sell his 25% stake in Grupo Televisa, Mexico’s largest media company, to a group of large shareholders led by María Asunción Aramburuzabala, one of […]
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A Universal Exchange
National stock exchanges are teaming up to offer investors round-the-clock trading and a single pool of global liquidity. The Sao Paulo and Mexico City bolsas are on board, but would they really benefit?