Vinicius Andrade

Abu Dhabi National Oil Co.’s decision to back away from its billion-dollar bid to acquire a major stake in petrochemicals company Braskem SA is putting an end to one of Latin America’s best bond rallies of the year.

(Bloomberg) -- Investors who rode an eye-popping rally in Argentina's sovereign debt this year are starting to pull back, citing President Javier

Verde Asset Management , the Brazilian hedge fund that made its name with hefty returns since launching in the late 1990s, pulled back bets on local stocks and falling rates after suffering the biggest monthly decline in years.

(Bloomberg) -- Buying debt sold by the lowest-rated countries scares off most investors.

Buying debt sold by the lowest-rated countries scares off most investors. On emerging markets desks across the globe though, that type of risky wager is being dubbed “special situations” — and its popularity is growing.

(Bloomberg) -- Brazil's central bank chief justified his decision to change the institution's written guidance on interest rates during a public speech, one day after another board member said such a move should have been discussed with the whole board and communicated through more formal channels.

Firm said to be in talks for a merger with rival Gol Earnings are expected to climb 25% despite floods, weaker real

The Brazilian government is weighing additional measures to help combat the fallout from historic floods in the state of Rio Grande do Sul, just days after unveiling a 52 billion reais ($10 billion) aid plan.

Jason Bednar was emphatic. Canacol Energy Ltd. would meet its debt payments this month and any suggestion to the contrary was “completely false,” the company's chief financial officer said.

Chile's largest retail conglomerate Cencosud SA hired banks for its first foray into international bond markets in seven years, according to people familiar with the matter.