Mexico City, Jun 18 (EFE).- Mexico's Maxcom Telecomunicaciones said Tuesday it was looking to raise new capital and restructure debt after failing to make an interest payment. In a filing with the Mexican Stock Exchange, Maxcom said it would use a 30-day grace period with respect to Tuesday's scheduled interest payment of roughly $11 million to continue talks with a new investor and certain of its bondholders with a view to recapitalizing and reorganizing the company's debt.

SAN JUAN, Puerto Rico - The widow of a banking executive slain in Puerto Rico has filed a wrongful death lawsuit against the bank's CEO and other high-ranking officials. Marisa Spagnoletti states in the lawsuit filed late last week that her husband was investigating allegations of fraud and improper transactions before he was killed in 2011. Maurice Spagnoletti was an executive vice-president at Puerto Rico's Doral Bank when he was repeatedly shot as he drove his Lexus on a San Juan highway.

G8 leaders agreed on Tuesday to eradicate the payment of ransoms for hostages kidnapped by "terrorists" in an attempt to remove one of the key incentives for extremists. The world's most industrialised nations also called on companies to follow their lead in refusing to pay for the release of abducted employees. British Prime Minister David Cameron, the summit host, had been keen to push the deal because funds raised by ransom payments are a substantial source of funding for terror groups, especially those in north Africa.

ALBANY, N.Y. - New York regulators have reached agreement for Deloitte Financial Advisory Services to pay $10 million and cease consulting for one year at state-regulated banks to settle an investigation into misconduct. The probe involved Deloitte's work for the New York branch of Standard Chartered Bank in 2004 and 2005. The company says it will work with regulators to establish best industry practices.