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Brazil's acting house speaker annuls Rousseff impeachment vote, then revokes decision

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Brazil's acting house speaker annuls Rousseff impeachment vote, then revokes decision

* Waldir Maranhao, the acting speaker of Brazil's lower house, on May 9moved to annula previous vote from April that approved impeachment proceedings againstBrazilian President Dilma Rousseff, Reuters reported. However, he backtrackedon the decision early the next day without citing any reason. Senate PresidentRenan Calheiros said the body will proceed with a May 11 vote on whether to tryRousseff for violating accounting laws.

MEXICO ANDCENTRAL AMERICA

* Juan CarlosVarela, the president of Panama, said the country is closingparts of its border with Colombia to "prevent the trafficking of illegalimmigrants," Reuters reported.

* The said its board reappointed Agustín Carstens,the governor of Banco deMéxico, as chair of the global economy meeting and the economicconsultative committee, effective July 1.

* Large banks inMexico have so far not been affected by their exposureto troubled oil firm Pemex, El Economistareported. State-run Pemex has seen its income drop, but that does not mean thecompany is insolvent, GrupoFinanciero Banamex SA de CV CEO Ernesto Torres said.

* The InternationalConsortium of Investigative Journalists revealed that there are 68 offshoreentities in Mexico that are linked to Mossack Fonseca, the law firm at thecenter of the massive Panama Papers leak, ElEconomista reported.

* Spain'sMAPFRE SA expectsMexico's insurance market to expandbetween 7.1% and 7.8% in 2016, ElEconomista reported.

BRAZIL

* islooking to vacate its current New York City office and move to a cheaperlocation in Manhattan as part of its plans to reduce costs, Bloomberg Newsreported, citing "a person familiar with the matter." The currentoffice has approximately 150 employees working in corporate and investmentbanking, asset management and broker-dealer operations.

* Braziliancompanies are currently renegotiatingmore than $24 billion in bonds they issued outside of the country, O Estado de S.Paulo reported.

* has received more than 200 suggestionson how it can improve the process for companies to list on special segments, Valor Econômico reported. The stockexchange operator opened a public consultation on the matter in March.

* now expectsits loan portfolio to growbetween 7% and 7.5% in 2016, down from a previous projection of 9.6%, BloombergNews reported, citing CFO Marcio Percival. The bank posted first-quarter netincome of 837.8 million Brazilian reais, down 45.9% compared to a year ago.

* President Luciano Coutinho said the bank has never takensides in political elections and rejectedaccusations that he pressured companies to make donations to BrazilianPresident Dilma Rousseff's campaign, Folhade S.Paulo reported.

* 's insurance arm,BB Seguridade ParticipaçõesSA, registered netincome of 957.7 million Brazilian reais for the first quarter, a 0.9% gainon the year-ago period. Valor Econômicoreported.

* Caixa EconômicaFederal has no fundsleft to finance mortgage loans for houses worth between 225,000 Brazilian reaisand 500,000 reais, Folha de S.Pauloreported. The bank has up to 3 billion reais remaining from a 7 billion reaiscredit line it received two months ago, but the remaining funds are earmarkedfor homes that are either worth up to 225,000 reais or between 500,000 reaisand 750,000 reais.

* Brazilianworkers' fund FAT will make available 5 billion Brazilian reais in loansfor micro and small enterprises, ValorEconômico reported. The funds will be distributed through Banco do BrasilSA and Banco Nacional de Desenvolvimento Econômico e Social.

ANDEAN

* issued a10-year subordinated bond with a target of raising between $500 million and$600 million, Reuters reported. Demand for the deal reportedly reached $1.3billion.

* said it is listingeight new exchange-traded funds on the Peruvian stock market, El Comercio reported.

SOUTHERN CONE

* Moody's said it repositionedthe national scale ratings of seven Uruguayan banks and other financialinstitution issuers in conjunction with the recalibration of the Uruguayannational rating scale. The repositioned national ratings of individual issuersdo not signify a change in credit risk, since their global scale ratings remainunchanged.

* The International Consortium of Investigative Journalists published thecomplete database of information from the Panama Papers leak, showing thatthere are 4,906 offshore companiesin Uruguay, La Red 21 reported.

* The IMF said Paraguayan banks are better positionedthan lenders in other countries in the region in terms of their balance sheetsand profits, La Nación reported.

* Paraguay-based financial group Rio is looking to raise capital andbecome a banking institution, 5díasreported. Toward this end, the company is considering a mergerwith Banco Itapuá.

IN OTHER PARTSOF THE WORLD

* MossackFonseca sent a letter of apology to an unnamed Shanghai-based banking clientfollowing the Panama Papers data leaks, Reuters reported. It is not knownwhether the law firm sent similar letters to other companies affected by theleak.

* Unofficialresults project Rodrigo Duterte, the mayor of Davao, Philippines to have won the country'spresidential election, BBC News reported. With 90% of ballots counted, Duterteled the national polls with about 39% of the votes.

* The BritishBankers' Association invited members to talks this week with U.S. Secretary ofState John Kerry over the implicationsof the recent lifting of various economic sanctions against Iran, Sky Newsreports. The meeting, which comes amid hesitancy by U.K. banks to resume doingbusiness in Iran, was proposed by U.K. Foreign Secretary Philip Hammond and isexpected to include executives from German and French banks.

* The Society forWorldwide Interbank Financial Telecommunication has denied allegationsmade by Bangladesh officials that a technician from the company made thecentral bank of Bangladesh vulnerable to hacking, which led to the US$81million cyber heist, Reuters reported.

Editor's note:S&P Global Market Intelligence has launched a Daily Dose offering for theMiddle East and Africa. This regional news overview will be published by 9 a.m.Dubai time, Monday to Friday. To read the first edition, please clickhere.

Matthew Crazecontributed to this article.

TheDaily Dose has an editorial deadline of 8:00 a.m. São Paulo time, and scansnews sources published in English, Portuguese and Spanish. Some external linksmay require a subscription.