International Business News - CX http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Fitch Ratings reduced its issuer default rating on Cemex SAB to junk status Friday, citing softer-than-expected operating results and higher-than-expected leverage levels due to economic volatility. http://www.ibtimes.com/articles/20081031/fitch-lowers-cemex-issuer-default-rating-to-junk.htm Fri, 31 Oct 2008 12:32:18 EDT Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE http://www.ibtimes.com/articles/20080912/aig-lehman-gm-chipotle-are-among-big-movers.htm Fri, 12 Sep 2008 16:52:21 EDT Mexican building supplies manufacturer Cemex SAB late Thursday forecast a drop in its third-quarter results and cut its 2008 outlook after the Venezuelan government nationalized its cement operations last month. http://www.ibtimes.com/articles/20080912/cemex-drops-guidance-after-venezuela-takeover.htm Fri, 12 Sep 2008 10:57:57 EDT Shares of Cemex SAB fell Thursday after an analyst cut his price target on Mexican cement maker and said the company will probably trim its earnings guidance to account for a spinoff and Venezuelan nationalization. http://www.ibtimes.com/articles/20080904/cemex-shares-slip-as-analyst-cuts-price-target.htm Thu, 04 Sep 2008 17:43:53 EDT Mexican cement maker Cemex SAB is vowing to seek World Bank arbitration over Venezuela's move to nationalize its local cement plants this week. The Monterrey-based company says it will take its case to the International Center for Settlement of Investment Disputes, an autonomous division of the World Bank. http://www.ibtimes.com/articles/20080820/cemex-seeks-arbitration-in-venezuela-takeover.htm Wed, 20 Aug 2008 22:57:30 EDT Venezuela's government said it would seize a cement company owned by Mexico's Cemex SAB Monday night after failing to reach a deal on terms for its nationalization. http://www.ibtimes.com/data/articleimgs/111666-venezuela-cement-nationalization.jpg http://www.ibtimes.com/articles/20080818/lafarge-holcim-ok-venezuela-nationalizations.htm http://www.ibtimes.com/articles/20080818/lafarge-holcim-ok-venezuela-nationalizations.htm Mon, 18 Aug 2008 21:44:01 EDT Mexican cement maker Cemex SAB de CV says it may sell 16 concrete-pipe manufacturing facilities in Australia to reduce its debt. Cemex said in a statement Wednesday that the assets in question operate under the Humes brand name. It said Humes generated revenues of about US$243 million in 2007. http://www.ibtimes.com/articles/20080806/mexicos-cemex-ponders-sale-of-australian-assets.htm Wed, 06 Aug 2008 22:34:50 EDT Mexican cement maker Cemex SAB de CV said Monday it will raise U.S. concrete prices $25 per cubic yard, effective Oct. 1, in response to escalating fuel prices. http://www.ibtimes.com/articles/20080804/cemex-raising-us-concrete-prices-on-oct-1.htm Mon, 04 Aug 2008 11:02:13 EDT Mexican cement maker Cemex SAB de CV said Thursday it will sell its Austrian and Hungarian operations to Strabag SE, as Austrian building products company, for 310 million euros ($483.9 million). http://www.ibtimes.com/articles/20080731/cemex-to-sell-austrian-hungarian-ops-for-484m.htm Thu, 31 Jul 2008 08:10:42 EDT It was rocky first half of 2008 for those investing in emerging markets, as everything from the U.S. subprime mess to snowstorms and earthquakes jolted confidence in the historically high-growth sector. http://www.ibtimes.com/articles/20080630/adrs-in-focus-emerging-markets-poor-start-to-08.htm Mon, 30 Jun 2008 15:33:57 EDT Among the earnings projection stories for Tuesday, June 17, from AP Financial News: NEW YORK (AP)--Mexico-based cement producer Cemex SAB de CV on Tuesday issued a second-quarter earnings outlook above Wall Street's expectations, but cut its full-year pretax earnings prediction citing a further weakening of the U.S. construction market. http://www.ibtimes.com/articles/20080617/outlook-roundup-cemex-hershey.htm Tue, 17 Jun 2008 10:38:34 EDT Mexico-based cement producer Cemex SAB de CV on Tuesday issued a second-quarter earnings outlook above Wall Street's expectations, but cut its full-year pretax earnings prediction citing a further weakening of the U.S. construction market. http://www.ibtimes.com/articles/20080617/cemex-cuts-2008-pretax-earnings-forecast.htm Tue, 17 Jun 2008 08:16:12 EDT U.S.-traded shares of Cemex SA de CV declined on Thursday after a JPMorgan analyst predicted weaker demand for building materials in the U.S. and downgraded the Mexico-based company to "Neutral" from "Overweight." http://www.ibtimes.com/articles/20080529/adrs-in-focus-cemex-declines-as-jpmorgan-cuts.htm Thu, 29 May 2008 16:52:46 EDT U.S.-traded shares of Cemex SAB de CV rose on Friday after an analyst reiterated his "Buy" rating on the Mexican cement and building materials maker, saying the company's ability to generate cashflow is far from solely dependent on the U.S. building market. http://www.ibtimes.com/articles/20080516/adrs-in-focus-cemex-adrs-climb.htm Fri, 16 May 2008 12:27:21 EDT Shares of U.S.-traded Brazilian telecommunication companies fell Monday after Telecom Oi said it would pay $3.5 billion for rival Brasil Telecom Participacoes SA. http://www.ibtimes.com/articles/20080428/adrs-in-focus-telebras-down-on-deal-ternium-off-on-threat.htm Mon, 28 Apr 2008 15:17:36 EDT