AGP Executive Report
Last update: an hour agoParaguay Banking Crisis: Ueno Bank’s collapse left millions without savings and triggered the president’s impeachment and resignation, sharpening concerns over financial oversight. Refinancing: Trinidad and Tobago’s TSTT secured about US$481 million in dual-currency refinancing, even as its union pressed the company to settle overdue wage negotiations. Market Watch: MercadoLibre’s revenue rose 45% to US$10.75 billion, but lower operating income and earnings below expectations sent shares down 12%. Brazil Outlook: Local banks cut growth forecasts, raising the fiscal stakes for Lula’s government. Investment Pipeline: Development bankers say Latin America needs coordinated multilateral efforts to close a US$2 trillion infrastructure gap; meanwhile, ALTA Performance Materials agreed to buy BASF’s Palatal business in Chile, expanding its regional manufacturing base.
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