Oxxo and Actinver Partner for Cash Withdrawal Services
Oxxo, a convenience store chain owned by Fomento Económico Mexicano (FEMSA), has signed an agreement with Banco Actinver to enable cash withdrawal services.
Through this partnership, Banco Actinver clients can withdraw up to 3,000 pesos from over 23,000 Oxxo stores across the country for a fee of 20 pesos, charged to their debit card.
Oxxo stated that this offering is part of their commitment to provide accessible and reliable financial solutions for everyone in Mexico.
Google to Appeal Antitrust Ruling in U.S.
Alphabet’s Google plans to appeal the “adverse” portion of the Department of Justice’s antitrust case against the tech giant.
On Thursday, Judge Leonie Brinkema held Google responsible for “deliberately acquiring and maintaining monopoly power” in the server advertising markets for publishers and ad exchanges.
Server advertising platforms are used by websites to store and manage their digital advertising inventory. Along with ad exchanges, this technology enables news publishers and other online content providers to monetize their offerings by selling ads.
The judge also ruled that Google illegally dominates two online advertising technology markets.
Google announced on Friday that the judge issued a mixed decision, finding that the Department of Justice failed to prove Google’s advertiser tools or DoubleClick and AdMeld acquisitions were anticompetitive, but that Google’s editor tools violated antitrust laws by excluding competitors.
GCC Secures Financing for Expansion in the U.S.
GCC, formerly known as Grupo Cementos Chihuahua, a cement and construction materials producer, closed a deal for two bank loans totaling $135 million to fund expansion plans for one of its five U.S. cement plants, its primary market.
The loans have five- and ten-year terms, allowing GCC to develop its Odessa, Texas plant, according to a statement that provided no further details.
In addition to the Odessa plant, GCC also operates cement factories in Rapid City, South Dakota; Trident, Montana; Tijeras, New Mexico; and Pueblo, Colorado.
McDonald’s Mexico Continues Expansion with New Restaurant in Jalisco
McDonald’s Mexico, which operates Arcos Dorados in Mexico and other Latin American countries, opened its nineteenth restaurant in Jalisco, Tesistán, Zapopan municipality.
The new branch will add 55 jobs to the more than 670 McDonald’s already employ in Jalisco and Colima.
The restaurant features digital kiosks, interactive menus, McDelivery service, AutoMac, and the option to order via the app.
Key Questions and Answers
- What is the partnership between Oxxo and Actinver about? This alliance enables Banco Actinver clients to withdraw cash from Oxxo stores for a small fee.
- Why is Google appealing the antitrust ruling? Google plans to challenge the decision that found them dominating certain online advertising technology markets illegally.
- What does GCC’s loan deal mean for its U.S. operations? The $135 million in loans will support the expansion of one of GCC’s five U.S. cement plants.
- How is McDonald’s Mexico expanding its presence? McDonald’s opened a new restaurant in Jalisco, adding jobs and modern amenities like digital kiosks and app-based ordering.
