Petrobras, Vale, Grupo Mexico: Latin American Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico (GMEXICOB MM): Copper prices yesterday had the biggest two-day drop in eight weeks in New York after a report showed a decline in consumption in China, the world’s biggest user of the metal. Shares of Mexico’s largest copper producer fell 41 centavos, or 2 percent, to 19.82 pesos.
Cintra SA (CINTRAA MM): Mexico’s state-owned company that controls the country’s two biggest airlines said yesterday that cost cuts will help cushion an increase in fuel costs of 2 billion pesos ($183 million) from a year earlier. Cintra will save $100 million a year without counting fuel and labor costs by making routes more efficient, lowering insurance rates and improving computer systems, Chairman Andres Conesa said in a radio interview. Shares rose 11 centavos, or 1.7 percent, to 6.85 pesos.
Brazil
Cia. Vale do Rio Doce (VALE5 BS): Rio de Janeiro-based company, which accounts for about a third of world iron-ore exports, remains interested in buying Vancouver-based Canico Resource Corp. and has no plans to raise its C$725 million ($619 million) offer for the company, Chief Executive Roger Agnelli told reporters yesterday. The stock fell 3.5 reais, or 4.4 percent, to close at 78.91 reais yesterday.
More: quote.bloomberg.com
Televisa, Grupo Mexico, Petrobras: Latin America Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Grupo Televisa SA (TLEVICPO MM): The world's largest producer of Spanish-language television programming said yesterday it hasn't made an agreement with a third party to buy Univision Communications Inc., contrary to media reports. The shares rose 96 centavos, or 2.3 percent, to 42.27 pesos.
Grupo Mexico SA (GMEXICOB MM): Copper rose for a third consecutive session in London yesterday after global inventories of
Bradesco, Petrobras, Grupo Mexico, Geo: Latin Equity Preview
Mexico's largest homebuilder by market value is the best performer in the country's benchmark stock index this year to date, with a 66 percent gain. The shares fell 10 centavos, or 0.3 percent, to 36.90 pesos yesterday.
America Movil SA (AMXL MM): Latin America's largest mobile- phone company have gained 63 percent this year, the second-best performance on the Mexican stock index after Geo. The shares fell 3 centavos, or 0.2 percent, to 15.86 pesos yesterday.
Grupo Mexico SA (GMEXICOB MM): Copper, Grupo Mexico's main product, rose to a record 41,970 yuan
Grupo Mexico, ICA, Vale do Rio, Ultrapar: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Empresas ICA SA (ICA* MM): Mexico's second-largest construction company fell for a second day, declining 21 centavos, or 0.8 percent, to 25.35 pesos. ICA paid $203 million for 36 percent of Grupo Aeroportuario Centro Norte, said ICA Chief Financial Officer Jose Guerrero on Dec. 23, giving the company control of the airport operator that administers 13 airports in Mexico.
Grupo Mexico
Asur, Grupo Mexico, Vale do Rio, Usiminas: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Aeroportuario del Sureste SA (ASURB MM): The operator of nine Mexican airports plans to spend $150 million to add a new terminal and runway to its airport in the resort city of Cancun, the Mexican Transportation Ministry said in an e-mailed statement yesterday. The Mexico City-based company, known as Asur, will spend $100 million to build a third terminal
Cintra, Grupo Mexico, Renner, Petrobras: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Cintra SA (CINTRAA MM): Shares of Mexico's Cintra SA, the state-owned airline holding company, have plunged 21.6 percent after it said Nov. 22 two groups submitted bids to buy Aeromexico and Mexicana, the country's two biggest airlines. The shares fell 8 centavos, or 1.6 percent, to 5.05 pesos.
Grupo Mexico (GMEXICOB MM): Copper prices rose in New York yesterday, resuming a yearlong
Bimbo, Grupo Mexico, Embraer: Latin American Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Bimbo SA (BIMBOA MM): Jose Angel Montano, an analyst with BBVA Bancomer wrote in an Oct. 14 report that increased efficiency in the third quarter would probably allow the company to earn 50 centavos more for every 100 pesos in sales, after subtracting the cost of goods sold, compared with a year earlier. Latin America's largest bakery is scheduled to report third-quarter
Grupo Mexico, Acindar, CPFL, Grendene: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico SA (GMEXICOB MM): Asarco LLC, the U.S. mining unit of Grupo Mexico SA, said it will hire hourly employees to replace union workers after talks failed to end a 10-week strike at copper mines and plants in Arizona and Texas. Grupo Mexico shares fell 34 centavos, or 1.8 percent, to 19.01 pesos.
Vitro SA (VITROA MM): Rising international natural gas prices
Grupo Mexico, Axtel, Gol, Tractebel: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico (GMEXICOB MM): Mexico's antitrust agency may block Grupo Carso SA, the Mexican industrial group controlled by billionaire Carlos Slim, from selling its railroad to copper producer Grupo Mexico SA, said Eduardo Perez Motta, president of Mexico's Federal Competition Commission yesterday. Grupo Mexico, which operates the Mexican railroad Ferromex, announced on Nov. 25 it agreed to buy Ferrosur SA in exchange
Grupo Mexico, Petrobras, Net Servicos: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Cemex SA (CEMEXCP MM): The U.S. and Mexico may be close to ending a 15-year disagreement about U.S. antidumping duties on Mexican cement, as shortages in the U.S. prompt political pressure to increase imports, the Wall Street Journal said yesterday. Cemex, world's third-largest cement maker, rose 13 centavos, or 0.3 percent, to 48.05 pesos.
Mexico SA (GMEXICOB MM): Copper futures for December delivery
Telmex, Grupo Mexico, Dasa, Renner: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Telefonos de Mexico (TELMEXL MM): Latin America's largest fixed-line telephone company cut the fee on calls to mobile telephones for a second straight year as part of an agreement with Mexican regulators. The shares closed unchanged yesterday at 13.68 pesos.
Grupo Mexico SA (GMEXICOB MM): Copper prices fell from a record in New York after inventories in warehouses monitored by the London
