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Brazil's top prosecutor seeks authorization to probe Rousseff, Lula in Petrobras case

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Brazil's top prosecutor seeks authorization to probe Rousseff, Lula in Petrobras case

* Brazilian Prosecutor-General Rodrigo Janot has asked theSupreme Court to authorize an investigationinto President Dilma Rousseff over her alleged attempt to hinder a corruptionprobe into state-run oil company Petrobras, Reuters reported, citing localmedia. Janot has also requested a corruptioninvestigation into former President Luiz Inacio Lula da Silva, Bloomberg Newsreported.

MEXICO AND CENTRALAMERICA

* Bancode México said it will offer tobuy back government bonds at a May 4 auction in line with market demand,Reuters reported.

* Fernando Aportela, Mexico's deputy finance minister, saidthe country can maintainits strong economic growth in the coming few quarters due to improved domesticconsumer demand, a vigorous industrial sector and a recovery in the U.S., Reutersreported.

* In a Reuters survey of analysts, all 25 respondents saidthey expect Banco de México to hold itsbenchmark interest rate at 3.75% at the central bank's May 5 policy meeting.

* At a conference organized by Capital Financiero, bankers and financial analysts said the bestway for Panama to cope with the fallout of the Panama Papers leak is for thecountry to improve its compliancewith global anti-money laundering regulations.

* GrupoFinanciero Banorte SAB de CV and Grupo Financiero Banamex SA de CV will participate in aglobal pilot programto test international banks' resilience to climate risks, El Economista reported.

* Consumer credit in Mexico saw nominal annual growthof 12.7% at the end of the first quarter, compared to 5.8% a year earlier, El Economista reported, citing BBVAResearch.

CARIBBEAN

* S&P Global Ratings affirmed its BB-/B long- andshort-term sovereign credit ratings on the Dominican Republic, with a stableoutlook. The ratings reflect the country's relatively diversified economy,which has sustained economic growth above its peers, as well as its fairlystable external debt and liquidity indicators.

BRAZIL

* The sale of HSBC Bank Brasil SA - Banco Múltiplo to is one regulatoryapproval away fromcompletion, which is expected to occur during the second quarter, CEO StuartGulliver said on a conference call.

* Porto SeguroSA posted a 4.1% increase in its first-quarter , which reached 240.4 millionBrazilian reais from 230.9 million reais a year ago. The company tallied 3.50billion reais in written premiums for the quarter, up from 3.32 billion reais ayear earlier.

* ItaúUnibanco Holding SA said it reduced its exposureto its 10 biggest corporate borrowers to about 33.08 billion Brazilian reais atthe close of the first quarter from 35.53 billion reais a year ago, Reutersreported.

* Credit-linked CMBS in Brazil will fallfaster in 2016 than in 2015 while other CMBS sectors will also suffer as aresult of macroeconomic pressures on the country, Fitch Ratings said.

* Large Brazilian companies have deposited more than $23billion in offshoreaccounts in Caribbean tax havens, OEstado de S. Paulo reported, citing a study by the United NationsConference on Trade and Development.

* André Esteves, the former CEO of who was releasedfrom house arrest in April, may still be investigatedas part of the Lava Jato corruption probe, ValorEconômico reported. BTG has said it will reinstate Esteves at the companyas a senior partner.

* Aggregate loans to companies from the three largestprivate banks in Brazil, Itaú Unibanco Holding SA, Banco Bradesco SA andBanco Santander (Brasil)SA, saw a nominal declineof 4.39% between December 2015 and March partly due to the appreciation of theBrazilian real, Valor Econômicoreported.

* Marcelo Kopel, Itaú Unibanco Holding SA's investorrelations director, said during a conference call that the bank expects defaultson loans to individuals to rise as a result of unemployment, but this will nothappen abruptly, Valor Econômicoreported. Kopel declined to comment specifically on Itaú's exposure to troubledoil rig producer Sete Brasil.

ANDEAN

* A proposed change in Peru's insurance law, whichwould incorporate the concept of "large risk," could negativelyimpact some insurancecompanies' clients by reducing their coverage, El Comercio reported, citing insurance expert Luis Meza.

* Peruvian savings and loan cooperatives are raisingthe interest rates they pay on certain employment-related deposits in order toattract clients from banks, which currently offer substantially lower rates, La República reported.

* Colombian insurers are expandingtheir range of products focused on women, including policies that providecoverage for breast cancer and potential complications during plastic surgery, La República reported.

SOUTHERN CONE

* Argentina may have to reduceinterest rates, which it has hiked to above 30% to fight inflation, amid risingfears that the elevated rates are obstructing economic growth in the country,Bloomberg News reported. Moody's expects Argentina's GDP to contract 1% in 2016.

* Moody's Latin America Agente de Calificación de Riesgo withdrewall of its ratings on Banco deCorrientes SA for its own business reasons.

* A witness in Argentina who was released from jail in Aprilsaid the late husband of former Argentine President Cristina Kirchner hadorchestrated a plan to enrich himself and a business associate by permitting aconstruction firm to fleecethe government on various contracts, TheWall Street Journal reported. The witness also said Cristina Kirchner hadknowledge of the plot.

* The number of points where Paraguayans can accessfinancial services, such as bank branches and ATMs, increased10% in the 12 months through March, LaNacion reported, citing BancoCentral del Paraguay.

* IntegritySeguros Argentina SA said it received a capitalinjection of 38 million Argentine pesos from investment fund Kranos Capital, La Nacion reported.

PAN LATIN AMERICA

* MAPFRESA named Aristóbulo Bausela Sánchez as the new of its Latin American territorialarea, replacing Rafael Casas Gutiérrez, who will retire at 2016-end. MarcosEduardo Ferreira, currently CEO of BB MAPFRE SH 2 in Brazil, will succeedSánchez as the most senior executive in the LatAm south regional area. LuisGutiérrez Mateo, currently the most senior management executive at MAPFRE BHDin the Dominican Republic, will replace Ferreira as head of BB MAPFRE SH2.

* Odyssey ReHoldings Corp. appointed Andrew Dickson chief underwriting officerfor treaty and Rogelio Diaz chief underwriting officer for facultative andagriculture for Latin America and the Caribbean. The are effective immediately.

* IronshoreInc. named Adriana Nariño to be head of surety for its LatinAmerican Group, Intelligent Insurer reported.

IN OTHER PARTS OF THEWORLD

* Export-Import Bank of Korea said it has signeda financial package with the Iranian central bank worth US$15 billion to paveway for South Korean companies taking part in Iran's state-funded projects insectors that include health and infrastructure, Korea Times reported.

* BarclaysPlc is now allowing certain customers to take up mortgage loans withouta deposit, The Guardian reports. Themove, which is considered as the latest sign of a return to riskier lending,makes Barclays the first bank in the U.K. since the financial crisis to offer amortgageequivalent to 100% of a property's value without a deposit, according to the Financial Times.

* CreditSuisse Group AG sold for approximately $1.27 billion part of itsdistressed credit portfolio to TSSP, the global credit and special situationsplatform of TPG. The deal will reduce the lender's overall distressed creditexposure by $1.24 billion. As part of the transaction, the bank will take acharge of about $100 million, most of which will be reflected in its first-quarterresults, in addition to the previously announced $99 million of write-downsrelated to the overall distressed portfolio.

* Polish mobile network Plus plans to developthe sale of insurance products via mobile phones, Puls Biznesu reports. Themobile operator will cooperate on the project with Benefia, a companycontrolled by VIG Poland, which will provide it with insurance products andrequired technologies.

* As the U.S. presidential race has gained momentum, so hasa debate over thefuture of the country's health care system that has been fueled by proposalspromising significant changes in costs and coverage.

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

Matthew Crazecontributed to this article.

The Daily Dose has aneditorial deadline of 8:00 a.m. São Paulo time, and scans news sourcespublished in English, Portuguese and Spanish. Some external links may require asubscription.