BRIEF-Emergent Capital announces supplement no. 1 to exchange offer
* Emergent Capital announces supplement no. 1 to exchange offer Source text for Eikon: Further company coverage:
NEW YORK, March 13 Puerto Rico's federal fiscal oversight board unanimously voted on Monday to certify a revised fiscal turnaround plan presented by the island's government that includes imposing employee furloughs and further reducing pension spending.
The plan also includes the elimination of the annual Christmas Bonus. However, the plan does provide a mechanism to avoid furloughs or the elimination of the bonus if Puerto Rico's government proposes alternative measures to preserve financial liquidity by April 30th.
(Reporting By Nick Brown; Editing by Daniel Bases and Nick Zieminski)
RIO DE JANEIRO/BRASILIA, May 26 Maria Silvia Bastos resigned on Friday as head of Brazil's development bank BNDES amid a political crisis that had increased pressure against her by credit-starved business leaders.