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  • 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. ...

  • Brief: Argentina in digital wallet move

    4/23/18
    Authorities in Argentina have authorized employers to pay worker salaries into digital wallets. The move is intended to boost financial inclusion in segments such as agriculture, where wages are generally paid in cash, local paper...