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Agricultural bank plans to raise $12 billion over three years

  Bloomberg Agricultural Bank of China Ltd. said it will sell as much as 80 billion yuan ($12 billion) of Tier-2 securities over three years, joining the latest wave of fundraising by Chinese lenders. The bank needs to strengthen its capital buffers, President Zhao Huan told reporters in Beijing on Friday, adding that the lender aims to maintain a stable ...

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President Rousseff’s allies fight impeachment in Brazil turmoil

  Brasília / AFP Angry quarrels erupted at suspended Brazilian president Dilma Rousseff’s impeachment trial, while her key ally, Luiz Inacio Lula da Silva, faced corruption charges on a day of turmoil for Latin America’s largest country. Day two of Rousseff’s Senate trial in the capital Brasilia began with shouting matches that forced Supreme Court Chief Justice Ricardo Lewandowski to ...

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Colombia truce ‘will not stop govt fighting crime’

  Bogota / AFP Colombia’s defense minister insisted the historic ceasefire with FARC rebels will not end the country’s commitment to fight crime, as a judge issued arrest warrants for leaders of another group also pushing for a peace deal. Colombian President Juan Manuel Santos ordered a definitive ceasefire with the Marxist guerrillas of the Revolutionary Armed Forces of Colombia (FARC), ...

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