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Rs 47,000 Crore Gone! Mexican Billionaire Ricardo Salinas Loses 25% Wealth To Loan Scam

Rs 47,000 Crore Gone! Mexican Billionaire Ricardo Salinas Loses 25% Wealth To Loan Scam

Last Updated:July 30, 2025, 14:06 IST Mexican billionaire Ricardo Salinas lost 25% of his $16 billion fortune in a global loan scam run by fraudsters posing as Astor heirs, triggering legal action and market shock Salinas' legal team has frozen...

Seatrium to pay over S$240 million to Brazilian, Singapore authorities over corruption offences

Seatrium to pay over S$240 million to Brazilian, Singapore authorities over corruption offences

[SINGAPORE] Seatrium is putting a long-running corruption case behind it with the payment of financial penalties of more than S$240 million to the authorities in Brazil and Singapore. On Wednesday (Jul 30), the company announced that it signed a...

High Hotel Prices Risk Excluding Poor Nations at Brazil’s COP30 Climate Conference

High Hotel Prices Risk Excluding Poor Nations at Brazil’s COP30 Climate Conference

The United Nations climate conference COP30, set for November 2025 in Belém, Brazil, faces an unexpected challenge: sky-high accommodation prices that may stop poorer nations from joining critical talks. Around 45,000 people are expected, but...

Cultural vibrancy in Metro Van: How the Latin American community is contributing to the Lower Mainland’s rich identity

The Vancouver Latin American Cultural Centre is just one of a number of organizations spotlighting Latin culture and heritage in the Lower Mainland. (Submitted) On a lively Vancouver night, a community hall lights up with the sounds of Spanish and...

$5.5 Billion gone in a day: How a bitcoin loan turned into a financial black hole for Mexican billionaire Ricardo Salinas Pliego

$5.5 Billion gone in a day: How a bitcoin loan turned into a financial black hole for Mexican billionaire Ricardo Salinas Pliego

“I feel like an absolute idiot. How could I fall for this?” said Ricardo Salinas Pliego, 69, in an interview with The Wall Street Journal. The Mexican billionaire, who owns Grupo Salinas, lost close to $400 million in what turned out to be a...

Royal Caribbean Cruises Ltd. (NYSE:RCL) Q2 2025 Earnings Call Transcript

Royal Caribbean Cruises Ltd. (NYSE:RCL) Q2 2025 Earnings Call Transcript

Royal Caribbean Cruises Ltd. (NYSE:RCL) Q2 2025 Earnings Call Transcript July 29, 2025 Royal Caribbean Cruises Ltd. beats earnings expectations. Reported EPS is $4.38, expectations were $4.09. Operator: Good morning. My name is Regina, and I will...

Yucatán’s real estate industry is experiencing a slowdown

Yucatán’s real estate industry is experiencing a slowdown

43 Since last year, Yucatán’s real estate industry has been experiencing a slowdown. This means fewer people are buying properties or investing in the sector, said Iván Cervera López, president of the Board of Directors of the Mexican Association...

ByteFederal Launches Crypto Real Estate Service in Florida, Partners with NEO and OPISAS

ByteFederal Launches Crypto Real Estate Service in Florida, Partners with NEO and OPISAS

ByteFederal, a blockchain technology company, has launched a pilot program in Florida enabling real estate buyers to use bitcoin for property purchases, with settlements delivered in U.S. dollars to sellers. Announced on July 21, 2025, the service...

International real estate company acquires Polaris Fashion Place

International real estate company acquires Polaris Fashion Place

An international real estate company has purchased Polaris Fashion Place. O'Connor Capital Partners has been an investor in the Delaware County mall for more than a decade. The company announced Wednesday it now holds 100% ownership. In a...

500km-long Indigenous pilgrimage route in Mexico joins Unesco World Heritage list

500km-long Indigenous pilgrimage route in Mexico joins Unesco World Heritage list

Mexico’s Wixárika route through sacred sites to Wirikuta (Tatehuarí Huajuyé) was added to Unesco’s list of World Heritage sites earlier this month, becoming the country's 36th listed site and, in many ways, its most unique. Spanning 500km across...

China-aided railway to help South American economy

China-aided railway to help South American economy

By HELIO ROCHA in Juiz de Fora, Brazil | chinadaily.com.cn | Updated: 2025-07-23 22:53 The Bi-Oceanic Railway connecting the Pacific and Atlantic oceans across South America is about to become a reality. Brazil and China recently signed a...

SEPROD DOUBLES DOWN ON CARIBBEAN

SEPROD DOUBLES DOWN ON CARIBBEAN

SCOTT...we can move duty-free to a shelf anywhere in the Caribbean (Photo: Joseph Wellington) SEPROD Limited is accelerating its regional expansion as newly imposed US tariffs begin to weigh on product performance, particularly in its biscuit...

I’ve seen Latin America, but Mexico’s still my favorite country for retirement

I’ve seen Latin America, but Mexico’s still my favorite country for retirement

It seemed like such a good idea at the time: My husband Barry and I would visit Cuenca, a UNESCO World Heritage city in the south of Ecuador, staying in a private home while en route to my nephew’s wedding in Lima, Peru. We belong to a...

Luxon vs Milei: Contrasting economic reforms in NZ and Argentina - Richard Prebble

Luxon vs Milei: Contrasting economic reforms in NZ and Argentina - Richard Prebble

Argentina’s situation was dire. When Milei took office, inflation was running above 200%. The economy was in recession, foreign reserves were nearly exhausted and the country was once again dependent on an IMF bailout – its ninth default. New...

Tulum real estate slows down after pandemic-era boom

Tulum real estate slows down after pandemic-era boom

Once hailed as Mexico’s real estate goldmine during the pandemic, Tulum real estate is entering a period of contraction. According to real estate consulting firm 4S Real Estate, home sales in the city have declined by 32 to 35 percent since 2023,...

Insights into Vesta Real Estate's Upcoming Earnings

Insights into Vesta Real Estate's Upcoming Earnings

Vesta Real Estate VTMX is gearing up to announce its quarterly earnings on Thursday, 2025-07-24. Here's a quick overview of what investors should know before the release. Analysts are estimating that Vesta Real Estate will report an earnings per...

Polaris mall sold to international real estate company

Polaris mall sold to international real estate company

One of central Ohio's most popular malls has been bought by an international real estate development company. Polaris Fashion Place, located at 1500 Polaris Parkway in Columbus, was officially acquired by O'Connor Capital Partners as of July 23,...

Costa Rica Tops Latin America in Attracting Foreign Millionaires

Costa Rica Tops Latin America in Attracting Foreign Millionaires

Costa Rica is a country that attracts millionaires. Projections indicate that by the end of 2025, a total of 350 foreign millionaires will have moved to the country. This makes it the Latin American country that attracts the most economic elite,...

Five Eastern Caribbean nations offering citizenship for investment

Five Eastern Caribbean nations offering citizenship for investment

Five Eastern Caribbean nations — Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia — are attracting increasing numbers of investors through their citizenship-by-investment (CBI) programs. These schemes allow individuals to...

Former Argentine senator arrested in Paraguay to be extradited

Former Argentine senator arrested in Paraguay to be extradited

An Argentine court has ordered former senator Eduardo Kueider’s extradition from Paraguay. The ex-lawmaker, a Peronist turned Libertarian, had been arrested in December while trying to enter the neighbouring country with US$200,000 in undeclared...

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