Investors in Mexico City’s planned airport project want a lot more from the government before they agree to its buyback offer, Bloomberg News reported. An explicit federal guarantee to honor the debt would go a long way toward resolving concerns, according to chats with more than half a dozen bondholders who asked not to be identified before any formal talks are held.

Canada kept interest rates on hold on Wednesday, as a recent spate of disappointing economic readings and the renewed sell-off in crude prompted policymakers to take a more cautious stance, the Financial Times reported. The Bank of Canada held its benchmark rate steady at a 10-year high of 1.75 per cent, as widely expected. However the Canadian dollar slumped to trade 1 per cent lower at C$1.3397 per dollar — the lowest since June 2017 — as policymakers warned that the economy could be heading for a slowdown in the fourth quarter.

Holders of more than $1bn of the bonds issued to finance a new Mexico City airport that President Andrés Manuel López Obrador wants to scrap have rejected an offer by the government to buy back some of the debt, the Financial Times reported. The bondholder group said it could not support the plan, which would also alter the terms of the remaining debt — bonds that currently have a claim on revenues from the new airport.

On the eve of the inauguration of Andrés Manuel López Obrador as Mexico’s next president, his administration is looking to restructure $6bn worth of bonds backing the partly completed Mexico City airport whose future was put in doubt in October, the Financial Times reported. “We will begin negotiations to seek a fair treatment with investors and to respect their rights as bondholders,” said an aide to Arturo Herrera, incoming deputy finance minister. A plan could be announced as soon as Monday, according to people familiar with the matter.

After emerging from bankruptcy in early July, leading offshore driller Seadrill reported its first full quarter of operations as a restructured entity. Overall, the results contained no major surprises, Seeking Alpha reported in a commentary.

Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will prevent a creditor from stripping away its crown jewel foreign asset, the U.S.-based Citgo Petroleum Corp refining business, according to Canadian court documents, Reuters reported. The deal with Crystallex International Corp suspends the Canadian mining company’s push for a court-ordered auction of control of Citgo as a way of collecting on an arbitration award against Venezuela that has grown to more than $1.4 billion with interest. Citgo is based in Houston, Texas.

Insolvencies among Canadian corporations climbed 4.6 percent in the third quarter, the sharpest increase in at least six years, a sign higher borrowing costs may be taking a toll on businesses. Some 826 companies filed for insolvency in the three months through September, compared with 790 in the same period a year earlier, the Office of the Superintendent of Bankruptcies reported Friday, Bloomberg News reported. Quebec, Alberta and Manitoba saw the biggest increases. By sector, retail trade, transportation, construction and manufacturing were among the hardest hit.

Offshore oil rig operator Vantage Drilling International agreed to disgorge $5 million in a settlement with U.S. regulators related to a corruption probe in Brazil involving Petrobras, The Wall Street Journal reported. Vantage Drilling, based in the Cayman Islands, settled with the U.S. Securities and Exchange Commission over accounting-control deficiencies at its predecessor company that violated the Foreign Corrupt Practices Act.

Has Increased It is slightly over the last six months, in part due to unease over the global economic outlook, the Bank of Canada said on Wednesday. A semiannual central bank survey of risk management professionals showed that 44 percent felt the chances of a high-impact event with potential to severely impair the financial system had grown slightly, while 50 percent saw no change, Reuters reported. The survey added that 95 percent of respondents were at least fairly confident that the financial system would be resilient in the face of such a shock.

Bombardier Inc. bonds are joining the company’s stock plunge on fresh concern over cash-flow prospects at the manufacturer of planes and trains, Bloomberg News reported. The market swoon underscored investor anxiety about Bombardier’s prospects despite Chief Executive Officer Alain Bellemare’s upbeat 2020 outlook at an investor conference Tuesday -- his first public comments since the company lost a quarter of its market value after reporting earnings last week. Canada’s largest aerospace company surprised investors Nov.