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Honduran election uncertainty; Bci plans capital hike for TotalBank deal

* The Honduran army enforced a curfew on Dec. 2 amid violent protests over the country's disputed presidential election, Reuters reported. Electoral authorities have started a partial recount of votes after initial results had incumbent President Juan Orlando Hernandez winning by a few thousand votes, BBC News reported.

* Banco de Credito e Inversiones SA said it will implement a capital increase of $365 million to finance its purchase of U.S.-based TotalBank, Diario Financiero reported. The capital hike will occur after approvals for the $528 million TotalBank purchase are submitted.

MEXICO AND CENTRAL AMERICA

* CIBanco SA Institución de Banca Múltiple will offer 288,000 trust certificates for a total amount of up to 360.0 million Mexican pesos. The bank also said it will offer an additional 59,325,720 trust securities for up to 741.6 million pesos.

* Grupo Financiero BG SA and unit Banco General SA said they appointed Raúl Alemán Zubieta chairman of the joint board of the companies and Juan Raúl Humbert vice chairman, executive vice president and general manager. The appointments are effective Jan. 1, 2018.

* S&P Global Ratings raised its ratings outlook on Banco Sabadell SA Institucion De Banca Multiple to positive from stable. The upgraded outlook reflects the possibility that the bank's risk-adjusted capital ratio could hold above 15% over the next 12 to 18 months due to continued capital injections from its parent company.

* Grupo Financiero Improsa SA said it will offer 546,563,929 common shares at a price of 1.77 Costa Rican colones per share in a second round offering to shareholders with preferential rights. The company placed 1,234,190,527 shares in the first round of the issuance.

* Quálitas Controladora SAB de CV said it plans to double the capacity of its outstanding share buyback program to 600.0 million Mexican pesos from the current 300.0 million pesos. The company will ask shareholders to approve the measure at a meeting set for Jan. 26, 2018.

* Remittances to Mexico totaled about $2.64 billion in October, up 19% from the same month a year ago, Reuters reported. The October amount is the highest for any month in data that goes back to 1995.

* Alejandro Diaz de Leon, Mexico's newly installed central bank chief, said inflation in the country should reach the bank's 3% target in 2018 as long as the local currency does not see any major slumps, Reuters reported.

* Spanish insurer MAPFRE SA will establish a regional headquarters in Panama to oversee its Central American operations, Europa Press reported. The move is part of a broader realignment of the company's international structure.

BRAZIL

* Banco do Brasil SA said a judge dismissed a lawsuit regarding capital increases at Banco do Estado de Santa Catarina SA, which Banco do Brasil acquired in 2009. Banco do Brasil did not provide details on the lawsuit or the rationale for its dismissal.

* A proposed agreement in which major Brazilian banks will compensate an estimated 10 billion reais to clients for losses tied to government economic programs in the 1980s and 1990s would be credit positive for the banks, Fitch Ratings said. The agreement will not pose any material risks for the banks and would mitigate future litigation risk on the matter.

* All but one of the 50 economists surveyed by Reuters said they expect Brazil's central bank to reduce its benchmark Selic rate by 50 basis points to a record low of 7.00% on Dec. 6.

* Brazil's TCU federal audit court said resources from the FGTS state workers' fund should not be used to capitalize Caixa Econômica Federal, Folha de S.Paulo reported. The measure is being considered by Brazil's government as a way to help the state-owned bank meet Basel III capital requirements.

* Banco do Brasil SA plans to redirect around 7 billion reais of rural credit to consumer and mortgage loans, Tarcisio Hübner, the bank's vice president of agribusiness, told Reuters. The move follows a decision by Brazil's national monetary council to ease rules on the share of rural savings that must be allocated to rural credit.

* Brazil's failure to approve a pension system reform before next year's pre-election period could prompt S&P Global Ratings to cut the country's BB sovereign credit rating, Valor Econômico reported, citing Moritz Kraemer, the rating agency's top sovereign analyst.

ANDEAN

* Rothschild & Co. and other sovereign debt advisers took part in a creditors' meeting in London to discuss the Venezuelan government's request to restructure about $60 billion in outstanding bonds, Reuters reported, citing sources familiar with the matter. The attendees also explored the possibility of creating an informal, ad-hoc bondholder committee.

* Venezuela President Nicolas Maduro said his government will launch a cryptocurrency to overcome U.S.-led financial sanctions and prevent the collapse of the economy, Reuters reported. The new currency, called "petro," will be backed by Venezuelan reserves of gold, oil, gas and diamond.

* Officials from Venezuela's government and opposition parties did not reach any agreements in a fresh round of talks on Dec. 2 to resolve the country's political crisis, Reuters reported. The parties plan to meet again in two weeks.

SOUTHERN CONE

* Argentina's Finance Ministry published a decree allowing people to withdraw cash using debit cards issued by payment companies such as Pago Fácil, ProvinciaNet and Rapipago, La Nación reported.

* Argentina's Banco de Inversión y Comercio Exterior SA is set to announce a credit line in U.S. dollars to finance small and medium-sized companies in the technology sector to help them buy foreign competitors, El Cronista reported.

* Banco Regional SAECA has opened a branch in the Paraguayan town of Kressburgo, La Nación reported, citing Cynthia Sotelo, the bank's business development manager.

PAN LATIN AMERICA

* Officials from Mercosur, a trade bloc comprising Argentina, Brazil, Paraguay and Uruguay, think it is "very possible" for a new trade agreement with the European Union to be announced within 10 days, EFE reported, citing sources close to the talks.

IN OTHER PARTS OF THE WORLD

* Asia-Pacific: Banco Santander closes Australian ops; Nippon Life to buy stake in TCW

* Middle East & Africa: Bahrain downgraded; Angola ups rate; Barclays further cuts Barclays Africa stake

* Europe: UK zeroes in on bitcoin; Spanish firms scale back in US; Bulgaria ratings raised

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.

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.