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  • Movistar Chile places US$143mn in bonds

    Telefónica's Chilean unit Movistar Chile has placed 94.4bn pesos (US$143mn) on the local bond market, according to financial regulator SVS. The bonds have a 4.75% placement interest rate and are for five years, maturing in...

  • Venezuela to converge FX rates

    Venezuela plans to converge its three official foreign currency exchange (FX) rates "in the short term," the country's VP for economic affairs Rafael Ramírez said. The convergence is necessary to combat the distortions to the...

  • Report: Telefónica plans LatAm share sale

    Telefónica is considering selling shares of its Latin American business in an aim to reduce debt, according to Spanish newspaper Cinco Días. Citing sources familiar with the matter, the newspaper said Telefónica is studying several ...

  • BBVA Bancomer announces digital advances

    BBVA Bancomer announced details of its digital transformation efforts on Monday, noting it closed 2017 with 5.3mn digital clients, of whom 4.3mn use mobile banking services. The bank added that its digital clients carried out 21.7% of ...

  • Venezuela to create 'Petro' bitcoin

    Venezuela is set to create its own cryptocurrency, dubbed the Petro, in a new bid to revive its economy, gain liquidity and help finance its debt. The currency will be backed by reserves of the country's oil and mineral wealth,...