Telecommunications tycoon Carlos Slim and broadcaster Grupo Televisa SAB were ordered by Mexico’s government to share their infrastructure with competitors, part of a bid to cut the market share of the nation’s dominant phone and media companies.
Banco Santander SA and Danske Bank A/S are marketing additional Tier 1 bonds in the busiest week for issuance of the subordinated bank debt since Banco Bilbao Vizcaya Argentaria SA opened the market in April.
Pescanova SA, the Spanish fishing company whose former board hid more than 2 billion euros ($2.7 billion) of debt, is asking lenders to take nominal losses of as much as 97.5 percent as part of restructuring proposals.
Pacific Investment Management Co. is one of three bidders chosen to make final offers for an office and shopping-mall complex in Madrid’s business district, two people with knowledge of the matter said.
Spain sold 7.5 percent of Bankia SA as it started recovering 22.4 billion euros ($30.7 billion) of funds provided to recapitalize a bank whose near-collapse pushed the country into a European Union bailout.
The dollar rose against the yen, extending its biggest weekly advance this year, amid speculation the Federal Reserve will keep cutting stimulus while the Bank of Japan maintains its bond-purchase plan.