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Ouster of Puerto Rico law official sparks controversy

SAN JUAN, July 7 Puerto Rico Governor Wanda Vazquez Garced on Tuesday denied allegations that a probe into her office's handling of federal emergency supplies led to the dismissal of the island's top law enforcement official.

Aeromexico looking to restructure 7 bonds worth $300 mln -media

MEXICO CITY, July 7 Mexican airline Aeromexico is looking to restructure 7 bonds worth a total of 6.8 billion pesos ($300 million), a Mexican media outlet said on Tuesday, after filing for bankruptcy due to the fallout from the coronavirus pandemic.

Regulatory News, 12:19am IST

Parts of South Africa's Edcon set for sale to Durban-based retailer

JOHANNESBURG, July 7 Parts of South African retail chain Edcon are likely to be sold to private equity-backed Retailability Ltd, administrators in charge of its restructuring said.

07 Jul 2020

UPDATE 3-Wirecard administrator sees strong interest from potential buyers

* EU finmins to discuss payment regulation -official (Adds details from administrator)

Wirecard administrator sees strong interest from potential buyers

BERLIN, July 7 The administrator of collapsed German payments firm Wirecard said on Tuesday that more than 100 investors have expressed interest in buying the company's core business and its holdings.

07 Jul 2020

ECB's Costa calls for TARP-style bad debt fund to relieve banks

LISBON, July 7 Europe needs a scheme similar to the U.S. Troubled Asset Relief Programme (TARP), adopted during the 2008 subprime crisis, to help its banks cope with the fallout from the COVID-19 pandemic, European Central Bank policymaker Carlos Costa said on Tuesday.

07 Jul 2020

Deutsche Bank CEO says still evaluating Wirecard Bank support

FRANKFURT, July 7 Deutsche Bank's chief executive said on Tuesday it was premature to say how the lender might aid the banking unit of collapsed payments service provider Wirecard.

07 Jul 2020

Aeromexico sets investor meetings to discuss debt overhaul

MEXICO CITY, July 6 Mexico's Aeromexico on Monday scheduled meetings with investors to discuss debt restructuring after becoming the third large Latin American carrier to file for Chapter 11 bankruptcy protection last week.

Regulatory News, 07 Jul 2020

UPDATE 2-German prosecutors arrest head of Wirecard's Dubai unit

BERLIN/FRANKFURT, July 6 German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of suspects in a multi-billion-dollar fraud investigation into the collapse of the payments company.

German prosecutor arrests head of Wirecard's Dubai unit

BERLIN, July 6 German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of insolvent payments company Wirecard, widening the circle of suspects in its fraud investigation.

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