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America Movil profit drops on higher tax and forex loss
MEXICO CITY (Reuters) - Mexico`s America Movil said on Thursday its third-quarter net profit fell 38 percent compared with a year earlier, missing expectations as taxes and exchange rate losses rose. The company, which is controlled by the family of billionaire Carlos Slim, said net profit in the July-September period fell to 10.12 billion peso...
Credit Suisse CEO says sees no material issues in forex probe
ZURICH (Reuters) - Credit Suisse <CSGN.VX> does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank`s chief executive said on Thursday. Around 15 authorities around the world, including Switzerland`s, are investigating allegations of collusion and price manipulation i...
China's capital outflows not a risk, in line with reforms: regulator
BEIJING (Reuters) - China`s foreign currency regulator is not concerned by signs of forex outflows as the economy slows, the country`s foreign exchange regulator said on Thursday, saying a recent decline in forex reserves is in line with Beijing`s policy goals. China is closely monitoring the impact of any changes in U.S. monetary policy, amid si...
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