Information

  • Dec 02, 2024

America Movil to Issue More Peso Bonds as Market Grows, CFO Says

(Bloomberg) -- America Movil SAB plans to issue more peso-denominated debt, prioritizing the Mexican market as the telecommunications company looks to align its financing structure with its revenues, its finance chief said.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionMexico City-based America Movil, which provides broadband, wireless and other services across Latin America, generates a sizeable

  • Dec 02, 2024

Factbox-As CEO Tavares leaves Stellantis, market speculates on successor

Carlos Tavares abruptly resigned on Sunday as CEO of Stellantis, two months after a profit warning, and the carmaker said it would seek to appoint a permanent successor in the first half of next year. The Stellantis board is considering the head of North American operations Antonio Filosa and procurement Chief Maxime Picat as internal candidates for the CEO position, a source close to the matter said on Monday. In the meantime the maker of brands including Jeep, Ram, Fiat and Peugeot, will be run by a newly-established Interim Executive Committee, headed by the group's Chairman John Elkann.

  • Dec 02, 2024

Exclusive-Top Russian banker says sanctions-hit economy will slow in 2025

MOSCOW (Reuters) -Russia's sanctions-hit, militarized economy is expected to slow next year and banks' profits will fall, while the benchmark interest rate may climb to 23% by the end of this year, Andrei Kostin, CEO of Russia's second-largest lender, VTB, said. Kostin predicted that GDP growth will slow to 1.9% in 2025, above the International Monetary Fund's forecast of 1.3%. Kostin cautiously criticized the central bank's hawkish monetary stance, saying the current inflation rate did not require a benchmark interest rate "three times this level".

Popular Post