Latin America News: Headlines & Breaking News

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Cemex Scraps $650 Million Overseas Bond Sale as Yields Soar: Mexico Credit

Cemex SAB, the largest cement maker in the Americas, scrapped a $650 million bond offering today as Europe’s debt crisis eroded demand for higher-yielding debt and undermined the company’s efforts to refinance bank loans.
PDVSA Planning $1.5 Billion Bond Offering to Repay Venezuelan Central Bank

Petroleos de Venezuela SA will sell $1.5 billion of bonds to the central bank to repay a loan and will likely sell additional securities in the second half of the year, a government official said.
Mexico Prices Unexpectedly Fell 0.05% in First Half of June Led by Food

Mexico’s consumer prices unexpectedly declined in the first half of June, dragged down by food and beverage costs in Latin America’s second-biggest economy.
Uruguay Central Bank May Raise Benchmark Rate to 8% to Rein in Inflation

Uruguay’s central bank will likely raise its benchmark interest rate today as policy makers struggle to slow inflation that is accelerating beyond their target range.

Latin America News