America Movil SAB De CV News
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Telekom Austria AG, partly owned by billionaire Carlos Slim’s America Movil SAB de CV, fell today after a report said the company was considering an 800 million euro ($1.05 billion) hybrid bond.
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Millicom International Cellular SA , a company with mobile-phone customers in countries from Guatemala to Tanzania, plans to counter Bharti Airtel Ltd. ’s Africa entry with services such as money transfers, banking and insurance.
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Emerging-market stocks extended a weekly decline, after posting the biggest slump since May last month, as a European minister said Greece’s bailout may be delayed and India’s Oil & Natural Gas Corp. posted its biggest profit drop in four years.
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Companies worldwide are selling bonds at the second-fastest pace on record with investors seeing the debt as an alternative to traditional havens such as government securities that are now paying negative yields.
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IL&FS Transportation Networks Ltd. may pare borrowing costs by 40 percent selling the first Dim Sum bond from a non-financial Indian company as yields on rupee debt fail to mirror this week’s cut in interest rates.
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Telefonica SA, Spain’s largest telephone company, will bid for one of three mobile phone license that the Costa Rican government is selling via auction, El Economista reported.
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The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 3:59 p.m. New York time.
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