Sentido Comun – Fibra Shop has received approval to sell 160 million shares at 17.5 pesos each to its owners to gain 2,800 million pesos ($185.7 million).
Bloomberg – A month ago, bond investors in Mexico’s rig operators were bracing for the worst as the bottom fell out of the oil market. Now they’re reaping some of the biggest gains. The turnaround comes in part as oil rebounds from an almost six-year nadir.
El Economista – The Index of Prices and Quotations of the Mexican Stock Exchange (IPC) will continue volatile in the coming weeks, estimated analysts, who anticipated a correction that could lead to indicator ranges up to 36,000 points.
Sentido Comun – Shares of Empresas ICA recorded a fall of 5.4 percent after Petroleos Mexicanos revealed that as part of spending cuts prompted by the collapse of oil, it is suspending projects to reconfigure its refineries.
El Siglo de Torreon -The first trust used for the acquisition and administration of mortgages in Mexico was listed on the Mexican Stock Exchange (BMV). Mortgage Trust will have the ticker symbol FIPO.
Reuters – Interjet CEO José Luis Garza said the low-cost airline could resume its plans to list on the stock market and offer shares to the public by the end of the year.
Reuters – Mexican miner and infrastructure giant Grupo Mexico said a possible share offering of its rail unit could take place in the first half of this year. Grupo Mexico could expect to make $660 million by listing 15 percent of its transport unit.
Reuters – Mexican metals miner and railroad operator Grupo Mexico said it was considering a public offering for about 15 pct of its rail business. The offering would be carried out by a firm spun off from Infraestructura y Transportes Mexico (ITM), Grupo Mexico’s transportation unit.
Reuters – Mexico’s central bank on Thursday held interest rates at a record low as policymakers eyed the risk that a sharply weaker peso could fan consumer prices higher while also noting big risks to growth.
Sentido Comun – Supermarket chains Soriana and Comercial Mexicana were punished by investors after they announced a transaction under which the former will sell 160 stores, along with other assets to the second.
Reuters – Mexico’s central bank is expected to hold interest rates steady at a record low as it balances a drop in inflation against a sharp slump in the peso that could fan consumer prices higher.
Reuters – Mexican construction Vesta is holding a global equity offering today, Thursday, expecting to gain about $227 million. The resources will be used to boost growth.
Terra – The US dollar is offered at a maximum price of 14.94 pesos, four cents higher compared to the close of the previous day, and acquires a minimum of 14.06 pesos in Mexico City banks.
Reuters – Mexican stocks fell on Tuesday after the release of unexpectedly weak data on investment plans in the United States, Mexico business partner, that disappointed participants.
Bloomberg – Investors in Mexico’s government bonds are proving to be some of the biggest winners from rules designed to restrain billionaire Carlos Slim’s ambitions in the telecommunications industry.
El Sol de Mexico City – Mexico Incorporating the Integrated Latin American Market (MILA) will generate benefits to Mexico and overcome market volatility, said Finance Undersecretary Fernando Aportela.
Reuters – Mexican billionaire Carlos Slim has slightly increased his personal stake in America Movil , the massive telecommunications company he controls, filings from the U.S. Securities and Exchange Commission showed.
Milenio – During 2014, Mexican brewers managed to sell 10.5 million liters, a 4.7 percent increase over 2013. The group counts more than 100 craft brewers in Mexico.
Sentido Comun – Cemex, the world’s third largest cement producer, received its first step in improving its financial situation after the rating agency Standard & Poor’s revised its outlook from “stable” to “positive.”
Reuters – Mexico’s stock market expects to see at least nine share offerings this year, a senior stock exchange official said. He said three or four more companies also were looking at the possibility of listing shares.