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...HSBC has agreed to sell its business in Argentina to domestic lender Grupo Financiero Galicia for $550mn as it exits a market where its business has been affected by hyperinflation and a volatile currency...
...HSBC has agreed to sell its Argentina unit to Grupo Financiero Galicia for $550mn, a move that will trigger a $1bn loss in its earnings for the first quarter of this year....
...Part of the line built less than a decade earlier by billionaire Carlos Slim’s Grupo Carso had collapsed, killing 26 people and injuring scores more....
...On the railway, Grupo México later struck a deal with the government over compensation for the seizure. The president says there is nothing personal in his government’s dealings with the billionaires....
...Buying a pure-play copper miner such as London-listed Antofagasta, controlled by Chile’s Luksic family, or Southern Copper, owned 89 per cent by conglomerate Grupo México would require paying no less than...
...“(Entre Paréntesis)” makes a pedestrian detour into traditional music with Texas-based Mexican ranchera band Grupo Frontera....
...The bank this quarter took a $1.1bn hit due to the sale of its Argentina business to banking group Grupo Financiero Galicia but booked a gain of $4.8bn from the sale of its Canadian business this year....
...Wander down the bread aisle of any supermarket there and you will be assailed by a range of products from Grupo Bimbo. Grupo Bimbo is Mexican....
...US-listed shares in banks Banco Macro SA and Grupo Financiero Galicia SA both rose 14 per cent....
...The US government requested a panel over possible labour rights violations at a major mine owned by Mexico’s largest mining company Grupo Mexico....
...Grupo Aeroportuario del Pacifico, one of Mexico’s major airport operators, on Wednesday said the government amended the fees “unilaterally and without any previous communication”....
...Grupo Mexico said it had temporarily stopped 60 trains across the country because of “severe risks” to the migrants....
...Grupo Mexico said Tuesday it had stopped 60 trains across the country because of “severe risks” to the migrants....
...Argentine US listed companies, such as state oil producer YPF and Grupo Financiero (Banco) Galicia, have performed well over one year, up as much as 70 per cent in dollar terms....
...More banking news: HSBC has agreed to book a $1bn hit to its pre-tax earnings following the sale of its business in Argentina to local lender Grupo Financiero Galicia....
...The parent company of Mexican rail company Ferromex, Grupo México, declined to comment....
...In 1925, a group of Spanish immigrants opened Grupo Modelo’s first factory, which still stands at a now busy intersection in an upmarket part of western Mexico City....
...US-listed shares in banks Banco Macro and Grupo Financiero Galicia gained 20 per cent and 17 per cent, respectively....
...The track was divided into sections being built by Mexican companies such as billionaire Carlos Slim’s Grupo Carso as well as Portuguese group Mota-Engil....
...Nestlé made a similar move with its acquisition of Brazilian premium chocolate maker Grupo CRM earlier this year....
...Recurring operating income jumped 39 per cent in France, despite high inflation, but fell 9.6 per cent at the group level to €700mn, due to costs in Brazil associated with the integration of Grupo BIG and...
...In the same week, advanced talks on Grupo Mexico’s acquisition of Citigroup’s Mexican unit Banamex collapsed....
...Mexico’s Grupo Bimbo, owner of rival baked good brands Sara Lee and Entenmann’s, trades on just 8.5 times EV to ebitda. Smucker itself and snack maker Kellogg are on 11 times....
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