BRIEF-Al Sagr National Insurance board recommends FY dividend
* Board recommends 5 percent cash dividend for 2016 Source: (http://bit.ly/2nAKy0N) Further company coverage:
SAO PAULO Jan 10 Usinas Siderúrgicas de Minas Gerais SA, the Brazilian steelmaker seeking to honor terms of a debt refinancing deal with banks, plans to legally challenge a shareholder veto forbidding it to use part of the capital of a mining subsidiary.
In a Tuesday securities filing, Usiminas said Sumitomo Corp, which owns 30 percent of the Mineração Usiminas SA subsidiary, vetoed a plan to reduce the unit's capital by 1 billion reais ($313 million). The plan was part of a 4 billion-real refinancing accord signed with lenders.
($1 = 3.1955 reais) (Reporting by Guillermo Parra-Bernal and Alberto Alerigi Jr; Editing by Paul Simao)
* Board recommends stock dividend of 8 percent for year 2016 Source: (http://bit.ly/2nVco8V) Further company coverage:
ACAPULCO, Mexico, March 25 Mexican financiers and politicians blasted populism at a top banking conference this week in a thinly veiled attack on the frontrunner for the 2018 presidential election - but some worry they overdid it and may have played right into his hands.