Hard Bargaining for Cemex
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The company has been rebuffed in Australia as it tries to grow.
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As negotiators try to relaunch global trade talks in Brazil, one says failure to reach a deal could have dire consequences.
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Concrete maker RMC is set to be bought by Mexican rival Cemex in a deal valuing it at around Â£2.3 billion, it was announced today.
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IntercontinentalExchange Inc.  faces an uphill battle in its pursuit of CBOT Holdings Inc. , analysts said, a day after it raised its bid to control the parent of the No. 2 U.S. futures exchange.
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UK firm RMC, the world&#39;s biggest maker of ready-mixed concrete, is reportedly to get a takeover bid worth at least $4bn (Â£2.2bn) from Mexican group Cemex.
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A combination of National, Alamo, Thrifty and Dollar in a deal valued at more than $3 billion is being discussed.
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The action by the United Automobile Workers union signaled a major snag in negotiations that had appeared to be heading toward a new contract.
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Finding it tough to make a buck, some companies eye the exits.
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Mexico&#39;s Cemex, one of the world&#39;s largest makers of concrete will pay $4.1 billion for British rival RMC Group, the Wall Street Journal reported Monday.
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The Mexican cement tycoon overpays in a quest for growth.
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Production at Mexicoâs giant Cantarell oil field will fall by 15 percent this year, JesÃºs Reyes HerÃ³les, left, the director general of PetrÃ³leos Mexicanos, Mexicoâs state-owned oil monopoly, said. Output dropped 13.1 percent last year. Mr. Reyes HerÃ³les, a former energy minister who took over at Pemex in December, said other projects would help make up for the shortfall at Cantarell, which last year accounted for about 55 percent of Pemexâs overall production of 3.26 million barrels a day. Mexico is a top supplier of imported oil to the United States. Mr. Reyes HerÃ³les said that the company needed additional investment of $8 billion to $10 billion a year to keep up production, develop new reserves, expand its refining capacity and modernize its storage and transport network. But Pemex is closed to private investment and cannot finance the investment itself. Last year, Pemex sales surpassed $100 billion but it paid $79 billion in taxes, which accounted for almost 40 percent of Mexicoâs federal budget.
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The Mexican cement maker looks to be an attractively priced opportunity, despite housing market concerns.
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Negotiation will protect consumers from higher prices, after a firm tries to hike license fees.
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Republicans and Democrats struggled Wednesday over the final details of an elusive deal that would grant quick legal status to millions of illegal immigrants living in the U.S. and fortify the border
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Ai minimi da un mese, sotto 46 dlr barile al Nymex
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London - Mexican cement maker Cemex has agreed to buy British rival RMC Group for about R26.5 billion in cash and debt, the two companies said Monday.
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Efforts to forge the world&#39;s largest free trade zone, uniting the European Union with the Mercosur South American economic bloc, face tough negotiations after a new EU offer received a frosty reception from across the Atlantic.