Tag Archives: BMV

Slim Pulls Out of Banamex Purchase

PULSE NEWS MEXICO Mexican billionaire Carlos Slim’s Inbursa financial group announced on Wednesday, Nov. 23, that it was withdrawing from its former commitment to purchase Banamex, Citigroup’s consumer and corporate banking business in Mexico. “After the presentation of a nonbinding proposal for the acquisition of said businesses, the parties have mutually agreed that Imbursa will not continue in the following

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Aeroméxico Drops $80.4 in Value Over Two Days

By KELIN DILLON Mexico’s flag carrier airline, Aeroméxico, experienced massive losses at the end of last week, losing more than $80.4 million in value over the course of two days and dropping stock prices to 1.66 pesos per share, the airline’s lowest share price in history. While having a $118.6 million market share as of Wednesday, Dec. 15, Aeroméxico lost

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Evergrande Mess Sends Mexican Bolsa Reeling

By THE PULSE NEWS MEXICO STAFF The pending default of of Chinese property developer Evergrande Group roiled stock markets around the globe Monday, Sept. 20, including Mexico’s Bolsa Mexicana de Valores (BMV). Investor concerns about the uncertainty of Evergrande’s financial future caused the BMV to close with a 1.46 percent loss at the end of the day. Between Friday and

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