Amy Stillman
Mexico Energy Reporter at Bloomberg News
Bloomberg Business Reporter in Mexico. Opinions are my own.
Articles
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2 weeks ago |
bloomberg.com | Amy Stillman |Kelsey Butler
A Telmex operated public payphone in Mexico City. (Bloomberg) -- As US tariff threats continue to wreak havoc on the Mexican economy, consumers are cutting back on everything from cell service and coffee to cigarettes and tequila. That’s hitting the country’s biggest companies including billionaire Carlos Slim’s wireless provider America Movil SAB and retail conglomerate Femsa.
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2 weeks ago |
news.bloombergtax.com | Amy Stillman
Billionaire Carlos Slim’s wireless provider America Movil SAB missed net income projections for the first quarter after 821,000 prepaid subscribers in Mexico shut off service due to the economic slowdown. Net income for the quarter was 18.7 billion pesos ($955.5 million), while analysts were looking for 19.99 billion pesos, on average. First quarter revenue was 232 billion pesos, in line with estimates.
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2 weeks ago |
news.bloomberglaw.com | Amy Stillman
Billionaire Carlos Slim’s wireless provider America Movil SAB missed net income projections for the first quarter after 821,000 prepaid subscribers in Mexico shut off service due to the economic slowdown. Net income for the quarter was 18.7 billion pesos ($955.5 million), while analysts were looking for 19.99 billion pesos, on average. First quarter revenue was 232 billion pesos, in line with estimates.
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2 weeks ago |
bloomberglinea.com | Amy Stillman |Daniel Hernandez |Daniel Hernández
Bloomberg — América Móvil (AMX), la operadora de telefonía móvil del multimillonario Carlos Slim, incumplió las proyecciones de ingresos netos para el primer trimestre, después de que 821,000 suscriptores de prepago en México desconectaran el servicio debido a la desaceleración económica.
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2 weeks ago |
bloomberg.com | Amy Stillman
The Telefonos de Mexico SAB de CV (Telmex) Communications Tower in Mexico City, Mexico, on Friday, July 22, 2022. About 30,000 workers at Mexico's largest fixed-line telephone and internet company agreed to go back to work Friday while the government mediates a dispute over wages, pensions and benefits, reports the Associated Press.
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Mexican cement maker Cemex reported declining profit amid lower sales volumes, especially in its home market https://t.co/HhW3IJSwzw via @markets
Major logistics and shipping players are doubling down on Mexico with @mayaaverbuch https://t.co/GuA3tAeTnk via @business
President Donald Trump’s 25% tariff on US auto imports take effect in a move expected to dramatically increase costs and upend industry supply chains https://t.co/14rW9Zc3O6 via @business