Guatemala strikes down ex-dictator’s conviction

Global Times - Tuesday 21st May, 2013

Guatemala's Constitutional Court on Monday struck down the 80-year sentence given to former dictator Efrain Rios Montt as well as his conviction for genocide and war crimes.The ruling, by three votes to two, annulled all proceedings that took place after the trial was temporarily halted on April 19 due to a technicality.This overturned the May 10 conviction but left most of the trial and ...

Fitch Assigns IDR of BB- to Banco de los Trabajadores in Guatemala

Fitch Ratings - Tuesday 21st May, 2013

Accounting Rules May Encourage Short-Term Leases The latest lease-accounting proposals from international and U.S. standard-setters, designed to aid transparency and consistency, may encourage companies to shift to short-term leases or structure agreements as service contracts, Fitch Ratings says. This could mean that fewer leases than originally anticipated will be brought onto the balance ...

Philip Morris to buy out Carlos Slims stake in Mexican JV

West Australian - Tuesday 21st May, 2013

from their Mexican joint venture for about $700 million (462 million pounds).Grupo Carso will sell its 20 percent stake in Philip Morris Mexico in a deal that the U.S. company said would add marginally to its earnings per share in the fourth quarter.Philip Morris said the agreement was subject to final price adjustments based on the Mexican unit's performance over a period of time."We ...