Mario Brescia Cafferata, who with his older brother Pedro built the family business into one of Peru’s largest conglomerates and the country’s second-largest lender, has died, El Comercio reported. He was 83.
The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of the close of trading in Lima.
Covanta Holding Corp. , the developer of waste-to-energy plants, is marketing debt after high-yield, high-risk company borrowing costs fell to the lowest in more than five years.
Peru’s economic growth rebounded in the fourth quarter as improved consumer and business sentiment spurred domestic demand and new copper mines boosted output.
Peru’s economy grew at the slowest pace in a year in the first quarter as falling copper prices caused exports and private investment to ease in the world’s third largest producer of the metal.
Peru’s central bank may raise its benchmark lending rate today for a third straight month to prevent faster-than-forecast economic recovery from stirring inflationary pressures.
Peru’s central bank raised its benchmark lending rate to the highest level in two years today after inflation last month accelerated above policy makers’ target for the first time since 2009.
Peru’s central bank raised its benchmark lending rate for a third consecutive month today to prevent the faster-than-forecast economic recovery from stoking inflationary pressures.
Peru’s bonds rose, pushing yields down the most in seven months, on demand from local investors who didn’t participate in the government’s biggest issuance of local debt since 2010.