Mexico denies U.S. request to review labor concerns at Grupo Yazaki factory
MEXICO CITY (Reuters) – Mexico said on Friday it has notified the United States that it will not carry out a requested review of labor …
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Colombia’s Grupo Aval cuts 2023 loan forecast after ‘exorbitant costs’
By Sarah Morland and Marion Giraldo (Reuters) – Colombian financial conglomerate Grupo Aval on Thursday cut its 2023 loan growth forecast and hiked its cost …
Colombia’s Grupo Aval posts 75% fall in profit as bank margins fall
(Reuters) – Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on …
Colombia’s Grupo SURA cuts 2023 guidance, raises mid-term outlook after Nutresa deal
By Sarah Morland and Marion Giraldo (Reuters) – Grupo SURA, Colombia’s largest investment company, on Tuesday cut its 2023 net profit forecast to between 2,400 …
Colombian conglomerate Grupo Aval, subsidiary settle charges of violating US law
By Kanishka Singh WASHINGTON (Reuters) – Colombian conglomerate Grupo Aval and its bank subsidiary will pay over $80 million to settle charges of violating anti-corruption …
Mexico says trade deal does not apply in Grupo Mexico mine labor dispute
By Daina Beth Solomon MEXICO CITY (Reuters) -A labor dispute at Grupo Mexico’s San Martin mine in Mexico’s Zacatecas state, where the U.S. raised concerns …
Colombia’s Grupo Argos to ‘seriously’ consider finding a strategic partner
BOGOTA (Reuters) – Grupo Argos, Colombia’s largest industrial conglomerate, on Tuesday said it will focus “seriously” on finding a strategic partner once it concludes an …
Colombia regulator suspends trading in shares of Grupo SURA, Grupo Argos and Grupo Nutresa
BOGOTA (Reuters) – Colombia’s financial regulator on Thursday suspended trading in shares of Grupo SURA, Grupo Argos and Grupo Nutresa, after top shareholders in the …
Colombia’s Gilinski signs MoU to exit stake in Grupo Sura
BOGOTA (Reuters) – Colombia’s Gilinski Group signed a Memorandum of Understanding (MoU) to exit its stake in the country’s largest investment firm, Grupo Sura and …
Mexico takes over part of Grupo Mexico railway, shares fall
By Valentine Hilaire and Noe Torres MEXICO CITY (Reuters) – The Mexican Navy on Friday took over a section of railway in southern Mexico operated …
Colombia’s Grupo SURA nearly doubles profits in first quarter
(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, almost doubled in the first quarter compared to the year-ago period, the company said …
Brazil’s Americanas looking for buyer for stake in Grupo Uni.co
SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started …
Colombia’s Grupo SURA posts 82% jump in Q4 net profit
BOGOTA (Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, rose by 81.9% in the fourth quarter of 2022 compared to the year …
Colombia’s Grupo Argos seeks to buy back $81.2 million in shares
BOGOTA (Reuters) – Colombia’s largest industrial conglomerate, Grupo Argos, said on Wednesday it will carry out a share buy-back plan worth some 400 billion pesos …
Colombia’s Grupo Aval posts 23.2% decrease in Q3 net profit
(Reuters) -Colombian financial conglomerate Grupo Aval reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 …
Colombia’s Grupo Argos Q3 net profit drops 9.2% after jump in costs
MEXICO CITY (Reuters) – Colombian industrial conglomerate Grupo Argos’ third-quarter net profit fell 9.2% from a year earlier, the company said Monday, following a jump …
Colombia’s Grupo SURA posts near-stable Q3 profit as revenues, costs grow
(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable in the third quarter compared to the year-ago period as both …
Colombia’s Grupo Argos posts 8% rise in Q2 net profit
(Reuters) -Colombian industrial conglomerate Grupo Argos’ second-quarter net profit rose 8% from the same period a year before, the company said on Friday, boosted by …
Gilinski launches offer for up to 32.5% of Grupo Argos shares
BOGOTA – Colombian business magnate Jaime Gilinski has launched a public acquisition offer for shares in industrial conglomerate Grupo Argos, the third company which has …
Mexico’s Grupo Salinas vows to fight order to pay 2.447 billion pesos in tax dispute
MEXICO CITY – Mexico’s Grupo Salinas, the parent company of broadcaster TV Azteca, said on Tuesday it will keep fighting in a legal dispute that …
Grupo Argos will not participate in public offer for SURA, Nutresa share
BOGOTA – Colombian industrial conglomerate Grupo Argos said on Thursday it will not participate in a third public acquisition offer for shares in investment holding …
Grupo Aeroportuario del Pacifico says has refinanced its debt for $191 million
– Mexican airport operator Grupo Aeroportuario del Pacifico said on Friday it has refinanced its debt for $191 million, due in January and February 2024. The company …
Mexico’s Grupo Aeromexico shares slump after public tender offer closes
MEXICO CITY, Mar 15 – Mexico’s Grupo Aeromexico shares plunged for a fourth day in a row on Tuesday after nearly a fifth of the …
Mexico’s Grupo Bimbo suspends operations in Ukraine plant, citing safety concerns
MEXICO CITY – Mexican breadmaker Grupo Bimbo said on Sunday it has temporarily suspended operations in its Dnipro plant to ensure the safety of its …