VENTURE CAPITAL POST

Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after reaching a deal with the firm's current top shareholder Esther Koplowitz to buy her rights to participate in a $1.3 billion capital increase.

Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.

Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence.

Mexico has revoked a $3.75 billion high-speed rail contract from a China-led consortium after its uncontested bid prompted an outcry from lawmakers, souring a state visit to Beijing next week by President Enrique Peña Nieto.

Mexico would seek "hundreds of millions" of dollars in trade retaliation against the United States if Washington does not change meat labeling laws, a Mexican official said, as Mexico and Canada kept up pressure on the United States to act.

Saudi Oil Minister Ali al-Naimi is making his first visits in years to fellow exporters Venezuela and Mexico, although tumbling oil prices are not the stated purpose of the trip, according to officials and sources.

Diageo PLC (DGE.L) is nearing a deal with Jose Cuervo that would give the British liquor company full ownership of Don Julio tequila in exchange for its Bushmills whiskey label, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

Mexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States in talks that went down to the last minute.

The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling regulations fully in line with international fair trading rules.

Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.

General Motors Co (GM.N) on Thursday said it is recalling 117,651 newer vehicles in North America because a possible manufacturing defect could cause an electrical short and increase the risk of a crash.

AT&T Inc is "intrigued" by Latin America and especially Mexico and would not rule out an opportunistic deal there even as it seeks to complete its $48.5 billion planned takeover of DirecTV, an AT&T executive said at a conference on Tuesday.

Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent.

Mexico's economy grew at a rate of 1.4 percent in 2013, according to an upwardly revised estimate of the country's gross domestic product (GDP) reported by national statistics agency INEGI on Friday.

The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.