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.
Costa Rican President Laura Chinchilla dismissed two more aides, including the head of the country’s counter-narcotics efforts, after questions arose about her use of a private jet to fly to Peru this month.
SACI Falabella, Chile’s largest retailer by market value, rose the most in a month after its weighting increased in an index that fund managers follow as a benchmark and as Grupo BTG Pactual maintained a buy rating.
A key aide to Costa Rican President Laura Chinchilla resigned after chartering a flight from a businessman he said was involved in “questionable activities,” becoming the 15th minister to step down in three years.
Itau BBA, the wholesale arm of Latin America’s biggest bank by market value, said it expects investment-banking fees from Brazil to shrink to about 40 percent of the region’s total from 60 percent now.
Olam International Ltd., a trader of commodities, said sales volume in the confectionery and beverage division fell 6 percent in the nine months ended March 31 after an epidemic of coffee leaf rust in Central and South America.