Mexican investors including the billionaire owner of Grupo Financiero Ve Por Mas will invest 450 million euros ($621 million) in Banco Popular Espanol SA as Spanish banks tap Latin American funds to bolster capital.
Holcim Ltd., the Swiss cement maker that cut its sales target on sluggish shipments in Brazil, Mexico and India, plans to drive ahead with expansion in Latin America’s two largest markets amid signs demand will recover.
Antonio del Valle, the billionaire investor behind chemical maker Mexichem SAB’s 87-fold stock rally over the past decade, said he can turn around the biggest loser in his holdings by buying companies in the fragmented chemical distribution market.
Grupo Pochteca SAB, the chemical distributor controlled by the family of billionaire Antonio del Valle, posted its biggest two-day rally in three years on optimism the company’s expansion plan will bolster profits.
Kala Sanders owes more than $10,000 in doctor bills and wanted to be Wisconsin’s first person to get insurance under the Affordable Care Act. A faulty computer system delayed her attempt to obtain coverage for a stomach ailment whose cause she doesn’t know.
Iberdrola SA Chief Executive Officer Ignacio Galan faced renewed criticism from his biggest investor, which analysts say may be plotting to undo the international expansion he carried out at the Spanish utility.
Mexichem SAB, the chemicals maker that has bought more than 15 companies since 2007, will seek to develop Mexico’s first shale-gas projects if the country sells licenses that would bypass a monopoly on fossil fuels.
The examiner for Washington Mutual Inc. issued his 353-page report late yesterday afternoon, concluding that the proposed settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase & Co . “reasonably resolves contentious issues.”