We are a long way from the end-game in Venezuela’s debt resolution. In a recent twist, the United States Office of Foreign Asset Control precluded, for 90 days, the enforcement of a bond owed by the Venezuela oil company PDVSA, the Financial Times reported in a commentary. Payment of the bond is secured against PDVSA’s shares in its US subsidiary, the energy giant CITGO. The policy notion was to approximate the effective standstill faced by other bondholders whose legal and financial positions have been affected by US sanctions.

Brazilian carriers Telefonica Brasil and TIM Participações will consider acquiring assets from struggling rival Oi SA if they are put up for sale, executives from both companies said on Tuesday, Reuters reported. In September, Reuters reported that Oi was in talks with the local subsidiaries of Spain’s Telefonica SA and Telecom Italia SpA to sell assets and avoid insolvency.

Alberto Fernández already has a full in-tray of economic woes to solve when he takes office in December. The country is grappling with recession, the peso is being caged by currency controls and a pile of debt repayments looms ominously on the horizon, the International New York Times reported on a Reuters story. The center-left Peronist, who beat conservative incumbent Mauricio Macri on Sunday, will take on the top job from Dec. 10, with a juggling act to solve thorny issues like poverty while keeping the economy on track and fending off angry creditors.

Brazil’s top banking executives were unanimous in cheering the approval of a long-delayed pension overhaul -- and quick to line up what they think should be the government’s next priority, Bloomberg News reported. With the top item on their wish list now crossed off after years of debates, bankers from Itau Unibanco Holding SA to Banco BTG Pactual SA are now championing reforms to the rules governing civil servants’ costly benefits, including changes to compensation, productivity metrics and dismissal policies.

The team advising Venezuelan National Assembly President Juan Guaido skipped a payment Monday on the nation’s only bonds not in default, setting up a legal showdown with creditors, Bloomberg News reported. Rather than pay the $913 million due on Petroleos de Venezuela’s 2020 notes, Guaido’s advisers say they will take legal action against investors to fight any efforts to seize the collateral on the bonds -- 50.1% of Citgo Holding Inc.’s shares. Their argument is that the debt is illegal because the opposition-led National Assembly never approved its issuance.

Samarco, a joint venture between Vale SA and BHP Group, on Friday won permission to resume operations at their Germano iron ore mine, the environmental regulator of the Brazilian state of Minas Gerais said, roughly four years after a fatal dam collapse there, Reuters reported. Vale said in a separate release that it expected production at the joint venture, which is trying to restructure $3.8 billion in debt it defaulted on about a year after the accident, to resume toward the end of 2020.

In this South American nation stretching from lush jungles in the north to the edge of the Antarctic at its southernmost point, the country’s 45 million people are weighing a vote for change ahead of presidential elections on Sunday, Bloomberg News reported. At the heart of the decision is economic hardship that has roiled Latin America’s No. 3 economy since the middle of last year. It has hurt President Mauricio Macri, who under pressure had been pushing austerity measures to rein in debt.

At least three potential bidders have expressed an interest in buying two soy processing plants put up for sale by Brazilian grain crusher Imcopa Importação, Exportação e Indústria de Óleos SA, two sources familiar with the bidding process told Reuters. The bidders are U.S.-based Bunge Inc; CJ Selecta, owned by South Korea’s CJ Cheiljedang; and the local unit of Russia’s Sodrugestvo, according to the sources, who requested anonymity this week to discuss the confidential process, Reuters reported.

Argentina’s bondholders are braced for steep losses when the government attempts to tackle its $101bn debt burden after downbeat meetings with IMF officials and associates of Alberto Fernández, the presidential frontrunner, in Washington last week, the Financial Times reported. More than 20 bondholders met a team of IMF officials to discuss the outlook for Argentina ahead of the country’s general election this Sunday.

At least two died and dozens were injured from looting and riots this weekend in Santiago and other major Chilean cities as protests against income equality intensified and spread across the country, Bloomberg News reported. The government has declared a state of emergency in the capital and four other regions in central Chile, giving it broader powers to enact security measures like curfews, for the first time since Augusto Pinochet was dictator. President Sebastian Pinera announced Saturday night that he would suspend the hike in subway fares that initially sparked the protests.