The International Monetary
Fund said on Monday its executive board had approved a smaller
two-year lending arrangement for Mexico worth $61 billion,
replacing the current flexible credit line of about $74 billion.
Spain's engineering group
Acciona SA was selected to build Latin America's first
plant to produce advanced biofuels HVO and SPK in a project that
will use technology from U.S. firms Honeywell UOP and
Crown Iron Works, Brazil's ECB Group said on Monday.
European private equity
firm CapVest has tapped potential bidders for its French nuclear
medicine provider Curium, sources told Reuters, aiming for a
deal that values the business at up to 3 billion euros ($3.31
The bankrupt Philadelphia
Energy Solutions oil refiner is seeking a minimum of $2.5
million in bonus payments to the refiner's top executives as
part of a plan to reorganize or sell the company, U.S.
bankruptcy court filings show.
Canadian miner Kirkland Lake Gold Ltd's
shares fell as much as 16% in Toronto on Monday after
investors reacted negatively to the hefty premium it agreed to
pay to buy smaller rival Detour Gold Corp in an
European regulators should
fully implement a reform package that will force banks to hold
more capital but then must keep their promise of not asking for
even bigger buffers, European Central Bank supervisor Yves
Mersch said on Monday.