Cassandra Garrison

America Movil ready for 5G in Mexico, expects close of Tracfone sale

Oct 20 2021

MEXICO CITY Mexican telecommunications company America Movil said on Wednesday it was "ready" to launch a 5G market in Mexico and it expects to close a deal to sell its Tracfone unit by year-end.

America Movil Q3 net profit dips 16%, falling short of expectations

Oct 19 2021

MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday reported a 16% dip in third-quarter net profit compared to the year earlier period as the peso currency weakened versus the U.S. dollar, falling short of some analyst expectations.

Concrete industry says carbon capture a key to hitting emissions targets

Oct 11 2021

Global cement and concrete makers on Tuesday laid out steps to cut carbon dioxide emissions 25% by 2030 and to reach zero net emissions by mid-century, relying on more carbon-free energy, new chemistry and manufacturing technology, and carbon capture.

Cemex sees double-digit U.S. price hikes as supply chain snags weigh

Oct 07 2021

MEXICO CITY (Reuters) -Mexican concrete giant Cemex said on Thursday that supply chain snags and project delays will squeeze its full-year operating profit, even as it plans double-digit U.S. price hikes to offset higher costs.

Climate change is killing the world's coral reefs as oceans warm -study

Oct 05 2021

The world's coral reefs are under attack by climate change and more will disappear if oceans keep warming, according to a report released Tuesday. | Video

America Movil wins shareholder approval for towers spin-off

Sep 29 2021

MEXICO CITY (Reuters) -Shareholders approved a plan of America Movil, controlled by the family of billionaire Carlos Slim, to spin off its towers business in Latin America, Mexico's biggest telecoms company said on Wednesday.

Besieged by seaweed, Caribbean scrambles to make use of the stuff

Sep 29 2021

PUERTO MORELOS, Mexico As the sun rises in Mexico’s Quintana Roo state, home to the white sandy beaches of Cancun and Tulum, Rear Admiral Alejandro Lopez Zenteno readies his sailors for another day of dragging rafts of brown seaweed to shore and out of view of cocktail-sipping tourists. | Video

America Movil, Liberty Latin America plan joint venture, markets cheer

Sep 29 2021

MEXICO CITY (Reuters) -Mexican telecoms firm America Movil, controlled by the family of billionaire Carlos Slim, said Wednesday it would combine its Chilean operations with Liberty Latin America in a joint venture, lifting their shares as markets saw hints of 5G progress.

Exclusive-Mexico's Kavak says new funds make it second-most valuable LatAm startup

Sep 22 2021

MEXICO CITY Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond its home market.

World News

Turkey to expel U.S. envoy and nine others, Erdogan says

ISTANBUL (Reuters) -Turkish President Tayyip Erdogan said on Saturday that he had told his foreign ministry to expel the ambassadors of the United States and nine other Western countries for demanding the release of philanthropist Osman Kavala.