Bloomberg Puerto Rico said its Government Development Bank, which is operating in a state of emergency to preserve its dwindling cash, reached an agreement with some credit unions to delay $33 million of bond payments as the commonwealth rushes toward a potential historic default. The pact only affects a portion of the $422 million that the bank owes on ...

  Bloomberg Brazil’s real climbed to the highest level since July as commodities prices rallied, overshadowing plans by the central bank to sell reverse-swap contracts that tend to weaken the currency. The real gained 1.5 percent to 3.4358 per dollar on Friday, extending this month’s gain to 4.6 percent, as the U.S. currency weakened globally. A Bloomberg index of raw ...

  Bloomberg Colombia’s central bank raised its benchmark interest rate by more than analysts forecast as inflation surged to its highest level since 2001 following the most severe drought in decades. The seven-member board voted to lift borrowing costs by half a point to 7 percent citing concern that inflation will return to target more slowly than forecast, central bank ...