Mexico News
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Grupo Gigante SAB, a Mexican owner of office-supply stores, has lined up financing from Credit Suisse Group AG and Banco Bilbao Vizcaya Argentaria SA for its proposed takeover of Office Depot Inc.’s local unit, a person with knowledge of the matter said.
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Energy Fuels Inc., a uranium producer with operations in the U.S., signed a letter of intent to buy Strathmore Minerals Corp. for C$29.1 million ($28.2 million) in stock to add properties in Wyoming and New Mexico.
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Colombia needs to do more to weaken the peso to its “equilibrium rate” of about 1,950 per dollar and should continue its purchases of the U.S. currency, Finance Minister Mauricio Cardenas said.
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Updated 3 hours, 20 minutes ago
Bankia SA, a Spanish lender rescued last year with funds from Europe, agreed to sell its bank in Florida to Chile’s Banco de Credito e Inversiones for $882.8 million.
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Colombian lawmakers shelved a bill designed to challenge the dominance of America Movil SAB in the mobile-phone industry, a victory for a company besieged by regulatory crackdowns in Latin America.
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Updated 17 minutes ago
An interstate highway bridge in Washington state collapsed yesterday, sending vehicles into the rushing waters of the Skagit River north of Seattle. Three people were rescued and none died, authorities said.
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Mexico’s peso fell the most among major currencies as an increase in U.S. durable goods orders added to speculation that the Federal Reserve will curtail a stimulus program that has boosted emerging-market assets.
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The global sugar surplus in the 2013-14 season will be 12 percent smaller than initially estimated as leading producer Brazil, Russia and the European Union have smaller-than-forecast crops, said Kingsman SA.
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From his view of the world in Scotland, Bruce Stout says investors risk getting burned because optimism is too high for stocks and bond yields are too low. The markets might be proving him right.
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A combination of executive and congressional inaction has left U.S. Attorney General Eric Holder without permanent appointees in at least six top positions inside the Justice Department, even as he faces increased criticism from U.S. lawmakers.
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