Slim shrugs off claims of concerns over López Obrador

Carlos Slim, Latin America's wealthiest tycoon, has made clear that the upcoming government in Mexico to be led by leftist Andrés Manuel López Obrador, represents no threat at all to his business empire.

At a press conference in Madrid, Slim said that López Obrador is proposing major investments ahead of his December 1 inauguration, and that is unusual for a president-elect, he added.

Before his landslide victory in the Mexican election, several Mexican business leaders -- but not Slim -- criticized what they regarded as his populism. Since then, however, there has been no turbulence in the Mexican markets and the peso has strengthened against the US dollar.