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Uruguay central bank chief steps down; Peru holds key rate

* Mario Bergara resigned as Banco Central del Uruguay's chairman, effective Oct. 12, with the intention of announcing his pre-candidacy for Uruguay's presidential race in 2019, República reported.

* Peru's central bank held its monetary policy interest rate at 2.75%, noting that annual inflation remained within its target range in September. "Some indicators of economic activity show temporary signs of lower dynamism and economic activity remains below its potential level of growth," the central bank said.

MEXICO AND CENTRAL AMERICA

* Panama's Banisi SA is offering two-year bonds worth up to around $8.1 million. The company said it would offer up to $5.5 million of its 4.50% series A notes, as well as $2.58 million of its 5% series B instruments.

* A.M. Best upgraded General de Seguros SAB's financial strength rating to A- (Excellent) from B++ (Good), long-term issuer credit rating to "a-" from "bbb+" and Mexico national scale rating to aaa.MX from aa+.MX. The ratings reflect the company's balance sheet strength, marginal operating performance, neutral business profile and appropriate enterprise risk management.

* Mexico's economy ministry said it will adopt measures to safeguard local steel exporters in the short term after Canada announced trade protections targeting some steel products, Reuters reported.

BRAZIL

* Jair Bolsonaro, the frontrunner in Brazil's presidential race, confirmed that he will appoint banker Paulo Guedes as economy minister if he wins a run-off vote set for Oct. 28, Reuters reported. Guedes would supervise a "super ministry" that combines the current finance, planning and development portfolios, Bolsonaro said.

* Leftist Brazilian presidential candidate Fernando Haddad said he plans to submit tax and bank reform bills to Congress if he is elected in a run-off vote set of Oct. 28, Reuters reported.

* Fernando Teles, the country manager of Visa Inc.'s Brazilian unit, said the company can regain its leadership position in the country after losing it to Mastercard Inc. in 2016, Bloomberg News reported. "We were growing less than the market average, but now we've been able to stabilize that – we're back on track," Teles said.

* The volume of funds raised in Brazil's capital markets reached 217.4 billion reais between January and September, up 9% from the same period a year ago, Diário Comércio Indústria & Serviços reported, citing data from the Anbima industry association.

SOUTHERN CONE

* Ricardo Blumel, head of marketing at Chilean card payment processor Transbank SA, argued that the company's fees are among the lowest in Latin America, Diario Financiero reported. His comments follow Banco Santander Chile's decision to end its contract with Transbank. Transbank CEO Alejandro Herrera said the end of the contract could lead to changes in the payment system model in Chile.

* Banco de Galicia y Buenos Aires SA changed its legal corporate type from a public limited company to a single-shareholder company. As a result, the Argentine bank, which is owned by Grupo Financiero Galicia SA, will be renamed Banco de Galicia y Buenos Aires SAU.

* Argentina's financial conditions in September passed through the worst month in four years amid the fall of the peso, a revised agreement with the IMF and a leadership change at the country's central bank, according to an index published by local financial sector executive association IAE. The financial conditions index, which measures developments in terms of currency, inflation and interest rates, settled at -12.6 points, its lowest level since January 2014.

* Fitch Ratings revised its rating outlook on the long-term issuer default ratings of Scotiabank Uruguay SA and HSBC Bank (Uruguay) SA to negative from stable. The revisions follow the same action on Uruguay's sovereign rating earlier in October.

* Banco Macro SA said it extended an agreement under which it serves as the financial agent for the Argentine province of Misiones. The agreement was extended for 10 years starting on Jan. 1, 2020.

PAN LATIN AMERICA

* Investments with a social or environmental impact in Latin America grew by 7.7% in the 2016-2017 biennium to reach $1.4 billion, Valor Econômico reported, citing data published by the Lavca private equity association and the Ande network of social entrepreneurs.

* Canada Pension Plan Investment Board plans to increase its investments in Latin America to between C$29 billion and C$30 billion by 2025 from C$12.3 billion as of June, Reuters reported, citing company executives.

IN OTHER PARTS OF THE WORLD

* Middle East & Africa: Fitch downgrades Zambia; US regulator fines Mashreqbank over compliance issues

* Europe: Man Group plans new holding company; Banca Carige may seek business combinations

* Global Markets: Global stocks take a breather after selloff

Pablo Jimenez Arandia 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.