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26/08/2016
Construction firm ICA posts bigger second-quarter loss
ICA has struggled under a high dollar-denominated debt load and a dwindling stream of projects.
ICA has struggled under a high dollar-denominated debt load and a dwindling stream of projects.
Mexico's economy shrank in the second quarter for the first time in three years, dragged down by a slump in industrial output, data published on Monday showed.
Foreign direct investment (FDI) in Mexico was US$5.40 billion in the second quarter, according to preliminary figures released by the Economy Ministry on Tuesday.
Carlos Slim's company is likely on Thursday to report a 29 percent fall in second-quarter net profit, hurt by exchange rate losses.
Losses for the quarter widened nearly 62 percent to 84.572 billion pesos (US$5.388 billion) from 52.226 billion pesos a year earlier, Pemex said in a statement.