Regulation

Brazil almost doubles FDI in 2022

Corporate & Sovereign Strategy Economy & Policy Brazil

Latin America's largest economy attracts $91 bln in foreign capital, the highest amount since 2012, central bank says

Bondholders top list of Americanas' creditors

Corporate & Sovereign Strategy Bonds Debenture

Brazilian retailer provides details on $8 bln in debt as part of its bankruptcy proceedings

Rating agencies demote Americanas for accounting scandal

Moody's Investors Service Fitch Ratings S&P Global

Fitch lists the Brazilian retailer in default, while Moody's leaves it deeper in junk territory

Avianca, Viva to take tie-up back to square one

M&A Economy & Policy Regulation

Colombia’s civil aviation authority annuls the proposed merger due to "substantial" irregularities

Americanas seeks bankruptcy protection amid accounting scandal

Corporate & Sovereign Strategy Debt Equity

Brazilian retailer declares $8.3 bln in debt and just $155 mln in cash

Telefónica hit with record fine in Peru

Regulation Telecoms Economy & Policy

Spanish telco is ordered to pay $855 mln to settle a dispute with tax agency Sunat

Brazil mulls PPPs for military

Economy & Policy Brazil Project & Infrastructure Finance

Lula's chief of staff discusses long-term investments with the defense minister and heads of the armed forces

Lula remains open to Santos port concession

Economy & Policy Brazil Project & Infrastructure Finance

São Paulo Gov. Tarcísio de Freitas says the president has not ruled out plans to grant a 35-year contract for Latin America's largest port

Americanas shares reel from accounting gap

Corporate & Sovereign Strategy Debt Equity

Brazilian retailer will need a large equity injection after the discovery of $3.9 bln in "inconsistencies," says outgoing CEO

Unifin pursues 'proactive negotiations' with creditors

Bonds Debt Funds

Mexican non-bank lender wants to reach agreements with most creditors in the coming months, company source says

Market mood turns sour as Lula unveils policy proposals

Corporate & Sovereign Strategy Economy & Policy Politics

Stock market tumbles and currency loses ground as investors fear the Brazilian president will adopt a more interventionist stance

First Quantum weighs legal options in Panama mine spat

Regulation Politics Panama

Canadian company has been ordered by the government to suspend mining operations

Oi says goodbye to bankruptcy

Corporate & Sovereign Strategy Bonds Debt

Brazilian telco emerges from judicial recovery after selling assets to cut debt by two-thirds to $772 mln

Gramercy wins judgement in case against Peru

Bonds Debt Economy & Policy

South American government is ordered to pay $100 mln in damages to the US hedge fund

S&P changes Peru outlook to negative

Credit Ratings Revision S&P Global

Ratings agency says the latest political crisis poses a threat to economic policy stability