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  • Odebrecht postpones overseas bond payment

    4/25/18
    Embattled Brazilian conglomerate Odebrecht delayed payment of a 500mn-real (US$143mn) overseas bond, owed by subsidiary Odebrecht Engenharia e Construção and due late Wednesday, as it negotiates with banks over a credit line. A 30-d...

  • Mexican senate ratifies CPTPP

    4/25/18
    Mexico's senate ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Tuesday, becoming the first signatory of the 11-nation pact to do so, with 73 votes in favor, 24 against and four...

  • New BNDES loans shrink in Q1

    4/25/18
    New loans provided by Brazil's federal development bank BNDES contracted in the first quarter due to a combination of low demand from businesses amid sluggish economic growth, along with changes in the bank's interest rate structure. ...

  • Odebrecht in talks over new credit line

    4/24/18
    Brazilian conglomerate Odebrecht and banks remain in talks over a new credit line. Odebrecht group has debts of 4bn reais (US$11.2bn) due in the next 12 months through various subsidiaries, which is why it is looking for a 3bn-real ...

  • Snapshot: Chile's BancoEstado

    4/24/18
    Chile's President Sebastián Piñera and finance minister Felipe Larraín named Juan Cooper Álvarez as CEO of state lender BancoEstado. Cooper, whose previous roles include heading Banco de Chile's consumer finance subsidiary...

  • Nicaragua cancels pension reform

    4/23/18
    Nicaragua's President Daniel Ortega scrapped on Sunday a highly controversial reform of the country's pension law that sparked four days of violence, leaving 24 dead, including a local journalist who was shot during a live report. ...