Gruma, the main eMexican corn companyreported this Wednesday an accumulated net profit of US$ 429.5 million at the end of 2023, 35% more than the US$ 319.2 million in 2022. The favorable results for the company were derived from higher sales, despite price sensitivity and volume volatility in some businesses as part of an ongoing […]
Tag: Companies
Grupo Bimbo: net profits fall 67% in 2023 due to pension plans
He Mexican group Bimbothe largest bakery company in the world, reported this Monday net profits of 15,477 million pesos (about US$ 908.3 million) in all of 2023, 67% less than the 46,910 million pesos (US$ 2,752 million) in 2022. According to its fourth quarterly report of the year to Mexican Stock Exchange (BMV), The Mexican […]
Brussels investigates purchase of Air Europa by IAG due to competition problems
The European Comission announced this Wednesday the opening of an in-depth investigation into the purchase of Air Europe by the IAG group, to which Iberia belongs, due to the suspicion that the operation could reduce competition on several short and long distance routes both inside and outside of Spain. “We want to ensure that the […]
Disney buys Eisenberg’s “dream” film but critics strike down his bigfoot vision
Jesse Eisenberg sold his movie trips to disney for 10 million dollars this Sunday, while his second film at the Sundance festival, an eschatological bigfoot story, caused the public to abandon it. The actor, known for his portrayal of Mark Zuckerberg in “The social network” which earned him an Oscar nomination, has had a busy […]
World Bank: Peru will grow 2.5%, but mistrust still dominates
After the 0.4% contraction that is forecast for the Peruvian economy in 2023, according to a recent World Bank report, a 2.5% rebound is expected for the current year. The reasons? The multinational indicates that Greater copper production will allow for “more intense” mining activityand better conditions are also expected that will favor agriculture, fishing […]
Manufacturing in China registers third consecutive month of contraction
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A survey of factory managers in China shows that manufacturing contracted in December, the latest sign that the world’s second-largest economy world still weak. The official Purchasing Managers’ Index (PMI) fell to 49 last month in what officials said was evidence of weak demand, the US Treasury reported on Sunday. National Statistics Office. It was […]
Aerolíneas Argentinas appoints Fabián Lombardo as its new president
The directory of Argentinian airlines This Tuesday, Fabián Lombardo was appointed as the new president of the state airline, reported the company. Lombardo, who since 2019 was in charge of the Commercial Directorate, Planning and Route Management of Aerolíneas Argentinas, will replace Pablo Ceriani in the Presidency of the flag airline. The appointment was made […]
Sao Paulo sells the right to the name of its stadium to multinational Mondelez
Sao Paulochampion of the Copa do Brasil and the Copa Libertadores, announced this Tuesday an agreement by which it sold for three years the right to use the name of its stadium, Morumbí, to the multinational Mondeleza giant chocolate and candy producer with operations in 150 countries. “It is with great pride that we announce […]
144,318 companies were officially closed in Peru only between July and September 2023
The National Institute of Statistics and Informatics (INEI) reported that, in the third quarter of 2023, the number of active companies registered in the Central Directory of Companies and Establishments was 3 million 216,007 companies, a figure higher by 4% than the same quarter of 2022. . The data, which takes as its source the […]
Alaska Airlines agrees to acquire Hawaiian Airlines for $1.9 billion
The airline US Alaska Airlines agreed to acquire its rival, Hawaiian Airlines, for US$ 1.9 billion, both companies announced in a statement. Alaska Airlines will pay US$18 in cash for each share of Hawaiian Airlines and will assume the debt of US$ 900 million accumulated by the Hawaiian airline. “This action represents an exciting step […]