Argentina lost an appeal in a 2nd district circuit court in New York and deemed to wait until the US Supreme Court had finished reviewing their case.

The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.

Private equity firm Doughty Hanson sold Spanish bus operator Avanza Group to Grupo ADO. Private equity company Doughty Hanson & Co announced the sale of Avanza Group to Grupo ADO, a Mexican bus operator.

Today Fibra Inn said that it had acquired Hotel Camino Real Guanajuato over a deal valued MXN230 million.

Fiat announced the renewal of its cooperation agreement with Brazilian bank Itau Unibanco. Fiat (acronym for Fabbrica Italiana Automobili Torino) renewed its commercial cooperation agreement with Itau Unibanco.

Azul Linhas announced cancellation of its intended initial public offering (IPO) which was previously announced last May 27.

Pertrobras sold oil assets to raise USD2 billion to finance five-year plan. Petróleo Brasileiro SA (Petrobras) has sold oil stakes on different petrochemical and oil explorations projects.

Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.

Latin American restaurant reservation platform scored USD 13.3 million in Series B funding round. Restorando raised USD 13. 3 million for its Series B round.

Oi SA plunged following its announcement about an unexpected loss and reduction of its dividend payment.