Grupo Financiero Inbursa SAB de CV

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.

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.

Mexican President-elect Andres Manuel Lopez Obrador signaled on Friday he would not support a bill proposed by his party to limit bank commissions, providing some reassurance to investors after stocks had sunk to their lowest level in over 2-1/2 years.

A top lawmaker from the party of Mexico's president-elect on Friday pledged the country's leftist majority would act with "prudence" after a surprise bill to limit bank commissions sparked the biggest drop in stocks in more than seven years.

Mexico's Grupo Financiero Inbursa reported net profit of 8.612 billion pesos ($433 million) for the second quarter on Wednesday, slightly up from the same period last year.

Mexican bank Grupo Financiero Inbursa reported a 33 percent fall in first-quarter net profit on Wednesday compared to the year-earlier quarter.

Mexican miner and infrastructure company Grupo Mexico on Thursday priced an initial public offering of its rail unit at 31.50 pesos per share, two sources said, raising around 19 billion pesos ($998 million).

Mexican tycoon Carlos Slim's bank Inbursa said on Thursday that a unit expects to see profit of 4.65 billion pesos ($245 million) from the sale of GMexico Transportes shares.

Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said.

Mexico's Grupo Financiero Inbursa said on Thursday that its subsidiary, Banco Inbursa, had issued a 10-year bond on international markets for $750 million.

A Chinese-Mexican tie-up on Wednesday unveiled plans to invest over $200 million in a Mexican car plant in a welcome sign of confidence even as threats from U.S. President Donald Trump have paralyzed investment plans by U.S. companies.

Some Mexican banks are lowering credit card spending limits and raising consumer lending standards in the face of an economic slowdown, rising interest rates and the U.S. election victory of Donald Trump.

Mexico's Wal-Mart de Mexico <WALMEX.MX>, the country's biggest retailer, posted a 69.7 percent rise in third-quarter net profit on Tuesday, helped by stronger sales and its divestment of a clothing chain.