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Cemex: breathing easier
It’s been quite a week for Cemex. Just one day after the company announced that creditors holding 91.5 per cent of a US$7.3bn loan had accepted a refinancing offer that includes extending maturities by...
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Cemex: shedding more assets
Stick a pin on a world map, and you’re fairly sure to hit one of the 50 countries where Cemex has operations and more than 100 with which it trades. Which is why it is almost anyone’s guess where the...
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Coca-Cola Femsa: Asia in its sights?
You have to go back as far as 2001 to come across the old Coca-Cola slogan “Life is good”. But that phrase must have been on the minds of Coca-Cola Femsa executives on Thursday as they reported...
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Changing Mexico’s payment culture, one clip at a time
If Adolfo Babatz has his way, his startup company, Clip, might just single-handedly revolutionised how Mexicans pay for goods and services. The idea is a simple one: transform smartphones into card...
View ArticleMexico’s “ultra-low cost” airline files for US IPO
After Colombia’s Grupo Aval last week and Peru’s Graña y Montero earlier this week, it’s the turn of Volaris Aviation, the Mexican budget airline, to make its way to Wall Street on Thursday. The...
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América Móvil gets LatAm boost
It was BT, the British phone company, that used the legendary advertising slogan “It’s good to talk” nearly 20 years ago. But it’s a sentiment America Móvil, Latin America’s biggest phone company, will...
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Walmex: showing cracks?
Mexico’s growth might not have been as bright as hoped for in May, according to figures out earlier but Walmex, the country’s biggest retailer by sales, reported its best month since March. Wal-Mart de...
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