Joshua Mercado is waiting for a train at the end of a kilometer-long queue that snakes down three stories from Manila’s elevated Quezon Avenue station to the sidewalk below. It’s part of his five-hour daily commute.
It looked like the start to another fine year for one of Mexico’s most powerful bankers. Citigroup Inc. Co-President Manuel Medina-Mora held court last month at a Mexico City breakfast where colleagues talked shop over mango, melon and banana. He sat at the right arm of the nation’s president at another February meeting when Enrique Pena Nieto toasted the bank’s drive, charity and influence.
San Miguel Corp. President Ramon Ang said the Philippines’ largest company received offers for gin business Ginebra San Miguel Inc. The unit’s shares jumped in Manila trading, even as Ang said he’s not selling.
Ramon Ang, the billionaire chief of San Miguel Corp., said he’s received about $6.6 billion of offers for stakes in its brewery and gin units that will be considered should it need cash for an energy acquisition.
The U.S. Supreme Court deferred a decision on whether to hear an appeal by Teva Pharmaceutical Industries Ltd. that aims to delay generic competition to its top-selling Copaxone multiple-sclerosis drug.