Fernando Gonzalez News
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Cemex SAB shares rallied after executives said U.S. cement prices rose during the first quarter and predicted the Mexican government’s spending on infrastructure would grow in 2013.
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Cemex SAB , the biggest cement maker in the Americas after $29 billion in global acquisitions over two decades, is concerned that its efforts to cut debt will mean sitting out the next round of industry consolidation.
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Cemex SAB, the largest cement maker in the Americas, boosted U.S. sales to the highest level in more than three years, fueling share gains even as revenue fell in Mexico and Europe.
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Bonds sold by Cemex SAB, the largest cement maker in the Americas, are posting the biggest losses among major issuers of junk debt in the U.S. after the company posted its seventh straight quarterly loss.
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The European Central Bank will start requiring lenders to provide data on the loans in asset-backed securities used as collateral for funding by the end of this year.
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Cemex SAB, the largest cement maker in the Americas, said its third-quarter loss narrowed as a housing recovery propelled sales growth in the U.S. market.
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Cemex SAB, the largest cement maker in the Americas, fell to the lowest since April 2009 in Mexican trading after posting a wider second-quarter loss than analysts estimated because of slumping U.S. construction.
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Cemex SAB rose in New York trading after the largest cement maker in the Americas posted a gain in quarterly cash profit, surprising analysts who had projected a decline.
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Cemex SAB, the largest cement maker in the Americas, scrapped a $650 million bond offering today as Europe’s debt crisis eroded demand for higher-yielding debt and undermined the company’s efforts to refinance bank loans.
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Cemex SAB, the largest cement maker in the Americas, has paid off more than half of a $15 billion bank loan, allowing the company to avoid an increase in interest rates that was set to take effect at year-end.
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