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Colombians reject FARC peace deal; MAPFRE Chile gets new CEO


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Colombians reject FARC peace deal; MAPFRE Chile gets new CEO

* Colombia's bid to end more than five decades of armed conflictwith FARC rebels failed, with 50.25% of Colombians voting against a proposed peace deal, The Washington Post reported. Following sixyears of negotiations, the expectation was for a 2-to-1 vote in favor of endingthe conflict.

* The board of Spanish insurer MAPFRE SA appointedMiguel Barcia Gozalbo to be the new CEO of MAPFRE Chile, replacing Rodrigo CamperoPeters, who will retire at the end of 2016. Barcia Gozalbo, who is currently CEOof MAPFRE Uruguay SA,will assume his new duties in Chile on Jan. 1, 2017.


* EvercorePartners Inc. said it completed the transfer of control of Evercore Mexico Capital Partners toGlisco Partners Inc., a new entity formed by the principals of the Mexican privateequity business.

* José Antonio Meade, Mexico's finance minister, said hikes inthe central bank's benchmark interest rate and the devaluation of the peso willhave a minimal impacton the country's debt load and fiscal balance, Bloomberg News reported. Meade doesnot expect rating agencies to change their ratings on Mexico.

* A victory in upcoming U.S. presidential elections for Republicancandidate Donald Trump "would be a stronger hurricane" for Mexico comparedto a win for Democratic rival Hillary Clinton, Reuters reported,citing Banco de MéxicoGovernor Agustín Carstens.

* Mexican Finance Minister José Antonio Meade named Emilio SuárezLicona to be headof the ministry's development banking unit, and appointed Bernardo González Rosashead of its banking, securities and savings unit, El Financiero reported.

* Mexico's center for private-sector economic studies, the CEESP,said Banco de México's recent decision to hike its benchmark interest rate by 50basis points will have a positive effect on the country's public finances and willoffsetthe impact of insufficient spending cuts proposed for 2017, El Financiero reported.

* Chemaya Mizrahi Fernández, the president of Mexican associationof multipurpose financial entities, Asofom, said financial intermediaries in thecountry will have to diversifytheir funding sources as a result of the central bank's recent decision to increaseits benchmark interest rate, El Economistareported.


* Puerto Rico's new federal oversight board gave GovernorAlejandro Garcia Padilla until Oct. 14 to present a draft fiscal turnaroundplan for how the U.S. commonwealth will deal with a $70 billion debt load anda long-running recession, Reuters reported.

* The U.S. National Hurricane Center said it expectsHurricane Matthew to approach southwestern Haiti and Jamaica on Oct. 3 with windsof 145 miles per hour, Reuters reported. Haiti and Jamaica advised residents incoastal areas to evacuate, while Cuba put flights on hold on Oct. 2.


* Brazilian investment banker Samuel Oliveira said he hasstepped down from Banco Indusval SAto launch a firm thatspecializes in M&A advisory, Reuters reported. Oliveira was a partner at thebank and advisory firm BI&P between 2013 and August. The new firm will be calledNorth Stone Participações and will focus on M&A, capital markets and restructuringadvisory.

* Itaú UnibancoHolding SA's agreement to purchase Banco BMG SA's entire 40% stake in Banco Itaú BMG Consignado SA is credit , Fitch Ratings said. The sale andits proceeds, estimated at about 1.28 billion reais, will strengthen Banco BMG'scredit metrics while it maintains growth in its core business of credit card lendingbacked by payroll deduction. Valor Econômicoreported that the purchase price represents a premiumof about 40% on BMG's share value.

* Banco BradescoSA said its board approveda proposal to pay about 3.32 billion reais in interest on equity for the third quarter,corresponding to a net amount of about 48.55 centavos per common share and 53.40centavos per preferred share.

* The unemployment rate in Brazil roseto 11.8% in the three months through August from 11.2% in the three months throughMay, Bloomberg News reported.

* Brazilian President Michel Temer said that in the absence ofconstitutional reform to curb increases in public expenditure, the country's public debtcould reach 100% of GDP by 2024, Reuters reported. "On taking over the presidency,we had a mission, to inoculate Brazil with a vaccine to make it immune to fiscalpopulism," Temer said.

* Banco Nacionalde Desenvolvimento Econômico e Social President Maria Silvia Bastossaid the bank has reducedits local content requirement for loans to 50% from 60%, Reuters reported.

* A federal court in Brazil issued an injunction to seize 1.08billion reais of bank FonteCindam's assetsdue to a fine levied against the bank by audit court TCU for causing damage to thepublic treasury by underselling U.S. dollars in 1999, Valor Econômico reported. The bank has since closed its operations anddistributed assets among shareholders.


* Moody's upgraded CredinformIntl de Seguros SA's national scale insurance financial strength ratingto from, while revising the outlook to stable from negative. Theupgrade incorporates astronger credit profile relative to peers, on the back of a relatively sound marketpresence, solid profitability and a diversified book of business.

* Colombian central bank Bancode la República left its benchmark interest rate unchanged at 7.75%after annual consumer inflation in the country fell to 8.10% in August, while inflationexpectations also declined.

* Peru's benchmark consumer-price index increased0.21% in September from the previous month, bringing annual inflation to 3.13%,which is above the central bank's target range of between 1% and 3%, The Wall Street Journal reported, citingnational statistics agency INEI.

* Bancolombia SAsaid it completed a mergerprocess under which the company absorbed unit Leasing Bancolombia SA Compañía de Financiamiento. Bancolombiaannounced the merger in June to take advantage of synergies between both companiesand realize higher efficiencies.

* Peruvian President Pedro Pablo Kuczynski said the governmentis in the process of creating optional unemployment insurancefor new workers, Gestión reported.


* The Chilean government is thinking about sellingthe equivalent of up to $10.5 billion of debt in local and global markets in 2017,Reuters reported, citing a copy of the 2017 fiscal budget bill. President MichelleBachelet recently said the country's budgeted expenditure would increase 2.7% in2017 from the previous year.

* Consumer credit demand in Uruguay increasedbetween 1% and 2% in the third quarter, ElObservador reported, citing a Pronto! consumer credit monitoring report. Thereport cautioned, however, that the third-quarter rebound in demand might not besustainable.


* The speculative-grade issuer-weighted for Latin American corporatessurged to 5.3% for the 12 months through June, up from 4% a year ago, Moody's said.A model from the rating agency shows that the rate for the 12-month period throughJune 2017 could climb to 5.7%.

* Credicorp Ltd.said unit Credicorp Capital Ltd. completedits acquisition of the remaining stakes in Credicorp Capital Colombia and CredicorpCapital Chile to become the full owner of both companies. Credicorp Ltd. made severalcapital contributions amounting to about $120.1 million to Credicorp Capital order to allow the unit to proceed with the acquisitions.


* Asia-Pacific: AXA,Allianz proceed with StanChart deal; CBA offers clients A$11M over poor financialadvice

* Middle East & Africa: KCB in search for fintech partners; Moza Banco put under administration

* Europe: May setsArticle 50 date; ING downsizes; no Deutsche US deal yet

* North America: Janus,Henderson to merge; Illinois ready to suspend business with Wells

Paula Mejia contributedto this article.  

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