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IN BRIEF MasterCard, Citi, Redecard launch contactless payment technology in Rio (Regional)

MasterCard Worldwide together with Citibank's credit card administrator in Brazil Credicard and Brazilian acquiring company Redecard launched MasterCard's PayPass contactless payment technology in Rio de Janeiro for public transportation and other quick service merchants, MasterCard (NYSE: MC) said ...

Tender for bilateral bridge to launch in July, construction to start in Sep (Brazil-Paraguay)

Brazil and Paraguay will start the construction of a second bridge over the Paraná river on September 15, 2010, Paraguay's public works ministry (MOPC) said in a release.   The start of works was rescheduled following the second meeting of the project's committee, held on November 4 in...

Cemex to issue US$226mn in securities (Mexico)

Mexican cement manufacturer Cemex (NYSE: CX) is to issue some 3bn pesos (US$226mn) in mandatorily convertible securities, the company said in a press release.   The bonds will be aimed largely at the investment vehicles (Siefores) of the country's pension fund managers, the Afores, the releas...

Argentina increases capital in CAF by US$190mn(Regional)

Argentina has agreed to increase its capital in the Andean Development Corporation (CAF) by US$190mn, Caracas-based CAF said in a release.   Before the increase, Argentina's capital in CAF amounted to US$543mn.   CAF has approved US$2bn in financing for Argentina since the country beca...

Metro de Medellín to inaugurate tourist cable car line in Dec (Colombia)