|Bid||69.64 x 50000|
|Ask||69.67 x 60000|
|Day's Range||69.01 - 70.53|
|52 Week Range||51.26 - 77.99|
|Beta (5Y Monthly)||0.31|
|PE Ratio (TTM)||17.25|
|Forward Dividend & Yield||0.94 (1.31%)|
|Ex-Dividend Date||Dec 17, 2019|
|1y Target Est||69.22|
Spain's High Court on Wednesday charged Spanish building and infrastructure company FCC with corruption and money laundering in connection with 82 million euros ($91 million) in payments made in Panama. The High Court's investigative judges said FCC paid bribes to obtain metro and hospital contracts in the Central American country between 2010 and 2014. FCC declined to comment.
Mexico's Grupo Carso said in a statement on Tuesday a consortium led by one of its subsidiaries was awarded a contract to design and build two marine platforms for the production and exploration arm of state oil firm Petroleos Mexicanos (Pemex). The contract for the platforms off the state of Campeche in the Gulf of Mexico was valued at 2.418 billion pesos ($126.63 million) plus $191.7 million, said Carso, an infrastructure firm controlled by Mexican billionaire Carlos Slim.
Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters. Speaking at a news conference in Mexico City, Slim said he is "100% in agreement" with the goals of leftist Mexican President Andres Manuel Lopez Obrador, whose economic policies have spooked ratings agencies and investors since his six-year term began in December. Slim and Lopez Obrador, who have collaborated since the politician's time as Mexico City mayor in the early 2000s, appeared to be at odds after Lopez Obrador pulled the plug on a $13 billion new airport project in which Slim was heavily involved.
Two international consortiums have submitted bids to build the first line of Bogota's metro system, the city's mayor said on Thursday, with one group comprised of Mexican, Spanish and French builders and the second of companies from China and Canada. Five consortiums were initially pre-qualified to bid on the 13.8 trillion peso ($3.9 billion) project. The metro, promised by city officials for decades, is considered key to taming traffic on Bogota's congested and chaotic roadways.
Mexico is close to an accord over a contractual dispute with the builders of several gas pipelines, President Andres Manuel Lopez Obrador said on Monday, heralding a solution to a case that has sapped investor confidence in his administration. The dispute has also caused diplomatic frictions with Canada in particular, aggravating concerns that Lopez Obrador, a veteran leftist who took office in December, could call into question any contracts signed before he assumed the presidency. Among the most prominent companies affected by the dispute are Canada's TC Energy Corp, Mexico's Grupo Carso, an infrastructure firm controlled by billionaire Carlos Slim, and IEnova, a Mexican unit of U.S. company Sempra Energy.
Mexican national power company CFE said on Tuesday it is seeking $899 million in a dispute with natural gas pipeline firms and talks with Canada's TC Energy Corp and billionaire Carlos Slim's Grupo Carso would start within days. The Comision Federal de Electricidad (CFE) [COMFEL.UL] is seeking to negotiate "fairer" terms for a number of pipeline contracts signed by Mexico's previous government. President Andres Manuel Lopez Obrador has questioned the contracts, arguing they are too costly.
Mexican national power company CFE said on Tuesday it is seeking $899 million in a dispute with natural gas pipeline firms and talks with Canada's TC Energy Corp and billionaire Carlos Slim's Grupo Carso would start within days. The Comision Federal de Electricidad (CFE) is seeking to negotiate "fairer" terms for a number of pipeline contracts signed by Mexico's previous government. President Andres Manuel Lopez Obrador has questioned the contracts, arguing they are too costly.
Mexican President Andres Manuel Lopez Obrador said on Thursday that contracts awarded to build gas pipelines by the previous government were 'abusive' in response to concerns expressed by Canada's ambassador about the contracts being honored. On Tuesday, Mexican state power utility CFE said it would seek to negotiate a "fairer" resolution to contractual disputes over pipelines being built by companies including Mexico's IEnova and Canada's TC Energy. The Canadian ambassador, Pierre Alarie, wrote on Twitter on Wednesday that the Mexican government appears "not to wish to respect natural gas pipeline contracts," and said he was "deeply concerned" over the signal being sent.
Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The issue was Rio Tinto's stake in the mine, which according to the Norwegian finance ministry at the time, discharged very large amounts of tailings directly into a natural river system.
Mexican President Andres Manuel Lopez Obrador said on Tuesday that billionaire Carlos Slim, the country's richest man, has told him he aims to retire during his administration, and has committed to helping the economy in the process. "He wants to end his business life helping economic growth and public welfare during this government," Lopez Obrador told a regular morning news conference. Arturo Elias, a spokesman and son-in-law of the 79-year-old Slim, later issued a brief statement on Twitter.
Mexican President Andres Manuel Lopez Obrador said on Tuesday Carlos Slim had told him the billionaire planned to retire during his administration, in a step at odds with the tycoon's usually discreet approach to public life. Slim, who for a time was listed by Forbes as the world's richest man, did not confirm the president's unexpected announcement, but said through a spokesman that hard work lay ahead for the two of them over the next six years. Slim was the first question of the day during Lopez Obrador's regular morning news conference, as a reporter asked if he had met the tycoon and what he thought about his plans.
Bogota has received seven bids for a $4.5 billion contract to build the first line of the city's long-planned subway system, the mayor of Colombia's capital said on Monday. Given the scope of the project and contract requirements, all the bidders are consortiums of companies. A total of 23 companies from China, Italy, Mexico, Germany and other nations, are involved, Mayor Enrique Penalosa told reporters.
Mexican President Andres Manuel Lopez Obrador said on Tuesday he will respect contracts that companies have with state-run power utility CFE for pipelines that are not operational despite his criticism of how much the arrangements cost. On Monday, the government said Mexican billionaire Carlos Slim's Grupo Carso, TransCanada Corp and Mexican energy infrastructure firm IEnova were receiving billions of dollars for unfinished pipeline projects. Shares in TransCanada were up 0.5 percent and Grupo Carso rose 1 percent on Tuesday morning.