* Argentine opposition presidential candidate Alberto Fernandez will likely beat incumbent Mauricio Macri by nearly 20 percentage points in the upcoming Oct. 27 election, a sufficient margin to seal a first-round victory, Reuters reported, citing surveys from online polling firm Clivajes. Other surveys also show Fernandez winning with a similar margin, the newswire noted.
* Chilean President Sebastián Piñera declared a state of emergency in the country's capital of Santiago as protests against recent public transportation fare hikes turned into violent riots and resulted in widespread destruction, Reuters reported. Bank premises were also targeted in the protests, with 30 branches suffering serious damage and another 130 locations damaged partially, Pulso reported. Local banking association ABIF put a contingency plan in place and said it will evaluate branch openings on a case-by-case basis.
MEXICO AND CENTRAL AMERICA
* International Monetary Fund Managing Director Kristalina Georgieva said the organization "will continue to be a strong partner" of Mexico as the government works "to deliver economic stability and prosperity," Reuters reported. Mexican Finance Minister Arturo Herrera said the country will maintain a credit line with the IMF amid "an uncertain international context."
* Brazilian central bank chief Roberto Campos Neto said the local currency's recent weakening against the U.S dollar has not fueled inflation, adding that he sees space for more benchmark rate cuts, Reuters reported. Campos Neto also said he expects capital flows to Brazil to rise, the newswire reported separately.
* Banco do Brasil SA's shares were trading 2.3% higher at 45.93 reais apiece around midday Oct. 18 after a secondary offering of the bank's shares raised about 5.84 billion reais, Reuters reported. The bank priced the offering at 44.05 reais per share.
* Banco Nacional de Desenvolvimento Econômico e Social CEO Gustavo Montezano said "nothing changes in the bank's strategy" after the recent departure of Andre Laloni, a director who was in charge of divestments, Reuters reported. The newswire reported earlier that Laloni faced internal pushback against some of his asset sale plans for BNDES and was unsuccessful in an attempt to change the bank's divestment procedures.
* Brazil's Treasury is considering issuing a new 20-year fixed rate bond next year to serve as a benchmark for the issuance of debt with terms longer than 10 years, Valor Econômico reported.
* Brazilian central bank chief Roberto Campos Neto said a bill formalizing the monetary authority's autonomy should be on the congressional agenda in the coming weeks, Valor Econômico reported. He added that a delay in debating the legislation did not reflect a lack of support for the bill.
* Banco Industrial y Comercial de China Ltd. approved a $20 million capital hike, representing 67.6 million shares that will be subscribed by parent company Industrial & Commercial Bank of China Ltd. The capital contribution is aimed at strengthening Banco Industrial y Comercial de China's equity position.
* Ecuadorean President Lenin Moreno proposed a tax reform aimed at improving the government's finances, Reuters reported. The proposal, which includes a new tax on companies that have more than $1 million in annual revenue, will require congressional approval. "We will not raise the value added tax," Moreno said in a statement. "We will ask those who have more to pay more." Meanwhile, the International Monetary Fund said it is waiting for Ecuador's decision on cutting fuel subsidies before it revises its lending program for the country, the newswire reported separately.
* Venezuela's central bank said consumer prices increased 52.2% in September, up from 34.6% in the previous month, Reuters reported. The bank, which started releasing some economic data this year following a four-year hiatus, said the domestic economy shrank 26.8% year over year in the first quarter of 2019.
* A preliminary count of nearly 84% of the ballots cast in Bolivia's Oct. 20 election gave incumbent President Evo Morales 45% of votes, compared to 38% for his main rival Carlos Mesa, Reuters reported. The initial count suggests the two candidates may be headed to a Dec. 15 second round run-off vote as a minimum 50% majority or a 10-point lead is required for an outright win.
* The number of Colombians using at least one financial product rose to 28.6 million through June 2019, up by 900,000 from the same month a year earlier, Portafolio reported, citing the latest financial inclusion data from state-run Banca de las Oportunidades.
* Giros y Finanzas Compañía de Financiamiento SA President Juan Pablo Cruz said the Colombian financing company expects to end 2019 with 10% growth in its loan portfolio, La República reported. The company is moving away from the vehicle financing business as it reorients its business to focus on financing migrants and their families, the executive said.
* Jorge Humberto Botero resigned as president of Colombia's Fasecolda insurance industry federation, La República reported. The entity has not named a replacement yet.
* Banco Patagonia SA said it concluded a process of delisting from Brazilian exchange market B3 SA - Brasil Bolsa Balcão after gaining approval from financial regulator CVM. The move comes after the Argentina-based bank sold its Brazilian depositary receipts. The company will continue to be listed on Argentina's Bolsas y Mercados Argentinos SA exchange.
* Argentina's central bank will record losses for 2019 due to the collapse of sovereign bonds and costs associated with an IMF-backed stabilization plan, El Cronista reported. As a result, the bank will not be able to transfer any profits to the Treasury to finance next year's budget, the report said.
* Scotiabank Chile CEO Francisco Sardón said the bank aims to grow its loan portfolio between 10% and 12% in 2020 next year as it looks to take advantage of opportunities in SME and commercial lending, Pulso reported.
IN OTHER PARTS OF THE WORLD
* Asia-Pacific: China opens dual-class stocks to onshore buyers; Australian superfunds debut JV
* Middle East & Africa: Egypt inks deal with Euroclear; Lebanon agrees on economic reforms
* Europe: Wirecard audit; Citi's confidence in London; Munich Re set to beat €2.5B target
Helen Popper contributed to this article.
The Daily Dose has an editorial deadline of 8:00 a.m. São Paulo time, and scans news sources published in English, Portuguese and Spanish. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.