* Argentina's central bank unveiled a new round of currency controls aimed at controlling a debt crisis in the country, Reuters reported. The measure will require buyers of foreign currency to promise to wait at least five days before using the money to purchase bonds, Reuters reported. Prior to the new rules, borrowers could immediately use the foreign currency to resell bonds at favorable rates.
* Brazilian Economy Minister Paulo Guedes dismissed Federal Revenue Secretary Marcos Cintra amid controversy over the proposal to create a tax on financial transactions, Valor Econômico reported. José de Assis Ferraz Neto will temporarily take over Cintra's role.
MEXICO AND CENTRAL AMERICA
* Mexican President Andres Manuel Lopez Obrador said threats of tariffs by the U.S. have lessened after "there was recognition" from U.S. officials that Mexico has made efforts to cut down on illegal immigration, Reuters reported.
* Banco Santander México SA plans to open 50 mini branches to accommodate basic transactions in 33 cities across the country, El Economista reported.
* Foreign capital flows to Mexico fell by US$6.17 billion between June and August, El Financiero reported, citing data from the central bank.
* DBRS confirmed Brazil's long-term foreign and local currency issuer ratings at BB (low), as well as the short-term foreign and local currency issuer ratings at R-4, all with a stable outlook. The rating agency noted efforts by the Brazilian government to pursue a reform agenda to repair fiscal accounts, coupled with slow but continuous economic growth.
* Brazil's private banking sector still presents challenges on the side of technology, player concentration and asset diversification, Diário Comércio Indústria & Serviços reported, citing a report from Boston Consulting Group. In 2018, the sector grew 10.7% in Brazil, while it is projected to grow 6% globally over the next five years.
ANDEAN
* Itaú Unibanco Holding SA appointed Camilo Barco head of investment banking in Colombia, La República reported. Prior to his appointment, Barco was an official in Colombia's finance ministry.
* Colombia-based BTG Pactual SA Comisionista de Bolsa will launch in the first quarter of 2020 its own digital platform that will function as a bank marketplace, La República reported, citing CEO Juan Rafael Pérez.
SOUTHERN CONE
* Chilean central bank Governor Mario Marcel said the regulator may cut rates again later this year in light of global trade tensions and local inflation, Reuters reported. However, Marcel said "it is too early" for more extreme actions like negative interest rates and quantitative easing.
* A group of Chilean investors sued Banco de Chile and Banco Santander Chile for not informing the authorities about the "suspicious transactions" allegedly committed by businessman Alberto Chang and his company Grupo Arcano, Diario Financiero reported.
* The draft budget for 2020 that the Argentine government will send to Congress next week estimates economic growth of 1% next year, inflation of 34%, an average of 67 Argentine pesos to the dollar, and a fiscal surplus of 0.4% of the GDP, La Nación reported.
* Asia-Pacific: HK bourse proposes to UK exchange; KKR to list Australia fund
* Middle East & Africa: Kenyan rate cap under debate; Access Bank targets unbanked Nigerians
Pablo Jiménez Arandia contributed to this article.
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