Mexico's richest man, Carlos Slim, criticized Moody’s and S&P’s downgrades of his nation's creditworthiness as 'irrational' and pledged US $5 billion in new investments to defend Mexico's economy.

Billionaire Carlos Slim has divested $500 million worth of US oil stocks. This significant selling spree indicates a notable shift in his investment portfolio.

Mexican billionaire Carlos Slim has publicly labeled Pemex's long-stalled Lakach natural gas project as 'irrational,' raising concerns about its viability.

Billionaire Carlos Slim promotes a conservative approach of maintaining fiscal prudence during periods of economic growth to strengthen companies against future downturns.