Colombia held borrowing costs at the lowest level in Latin America for an eighth straight month as consumer spending growth cooled and inflation unexpectedly slowed below the lower band of its target range.
Aban Offshore Ltd., Asia’s third- most-indebted oil rig provider, will be able to obtain cheaper U.S. and European financing following the easing of some sanctions on Iran, the Indian company’s biggest market.
Mexico is unlikely to cut its benchmark interest rate because the nation’s economy is strengthening, said Javier Guzman, a deputy central bank governor and one of five board members who set borrowing costs.
Mexico’s peso advanced for the first time in four days after a member of the central bank’s board said policy makers probably won’t cut the target lending rate from a record low “in the foreseeable future.”
Telecom Italia SpA is working with Morgan Stanley to sound out interest in its mobile-phone towers in Brazil from potential bidders such as American Tower Corp., according to people familiar with the matter.