• The early tender deadline has been extended until 5:00 p.m., New York City time, on May 10, 2019. In addition, TPHL announced that the Expiration Date of the Exchange Offers is extended to 5:00 p.m., New York City time, on May 24, 2019, unless extended. 
• TPHL also announced that it has amended the minimum tender condition such that the consummation of the Exchange Offers is conditioned upon, among other things, the valid tender, without subsequent withdrawal, of at least U.S.$150 million aggregate principal amount of Existing Notes.
• The company also announced that, in addition to the Total Consideration, Eligible Holders who validly tender Existing Notes at or prior to the Extended Early Tender Deadline will receive an additional U.S.$10of cash for each U.S.$1,000 principal amount of 2019 Notes and 2022 Notes, respectively, accepted for exchange (the "Additional Early Tender Consideration"); provided that a minimum of U.S.$350 million 2019 Notes are validly tendered in 2019 Notes Offer.

(Source: PRNewswire)

• The Surinamese economy will grow over the coming quarters, driven by gold production. Exports and royalties derived from gold will feed through to stronger consumption and easier credit conditions.
• Fitch forecasts real GDP growth of 1.3% YoY in 2019 and 1.8% in 2020. The economy's dependency on gold and other minerals undermines Suriname's long-term growth outlook and generates substantial risks from external shocks.
• The fiscal deficit will narrow gradually over the next decade, although downside risks remain significant, particularly as the government has taken limited steps to contain spending.

(Source: Fitch)

• Despite President Donald Trump upped the pressure and Trade Representative Robert Lighthizer confirming the U.S. would increase duties on Chinese imports 12:01 a.m. on Friday, Beijing will still send trade negotiators to Washington this week.
• The delegation will be led by Vice Premier Liu He, a sign that China remains serious about finding a compromise.
• Markets are a little calmer this morning in the wake of confirmation that the talks are going ahead. International Monetary Fund Managing Director Christine Lagarde said that rumors and tweets are not favorable for finding a satisfactory resolution to the stand-off. 

(Source: Bloomberg)

• The hiatus is over and Brexit is back on the agenda. 
• Talks betweenPrime Minister Theresa May’s Conservative Party and the main opposition Labour Party are set to come to a head today as the leaders meet to sign off on a deal that will allow a way forward for the long-stalled process.
• Should the negotiations fail, the U.K. could face another referendum or a snap election.
• Adding some extra jeopardy to the mix for Mayis the chance that she could soon be facing a leadership challenge from inside her own party. 

(Source: Bloomberg)

• Fitch Solutions expect broad, orthodox policy continuity in Jamaica over the coming years.
• IMF-backed reforms, including fiscal consolidation, inflation targeting, and a more liberalized exchange rate regime, will likely outlive the September conclusion of the current Stand-By Arrangement. 
• However, security concerns will persist and public opposition will likely limit further spending cuts, restraining the pace of consolidation efforts.

 (Source: Fitch Solutions)

• Approximately $750Mn has, to date, been disbursed to 35 small and medium tourism enterprises (SMTEs), under the National Export-Import (EXIM) Bank’s revolving loan scheme.
• The businesses were selected from 51 completed applications totalling $941.1Mn that the Bank received up to November 2018, Tourism Minister, Hon. Edmund Bartlett has said.
• He was making his 2019/20 Sectoral Debate presentation in the House of Representatives on April 30.

(Source: JIS)

• Barbados remains in recession, with the economy contracting by an estimated 0.2 percent in the first quarter. This was primarily due to weakness in the non-trading sector, particularly construction.
• And while economic growth is predicted to be no more than 0.25 per cent this year, Central Bank Governor Cleviston Haynes says he believes the island can achieve the “spurt in growth” it needs.
• He also announced that a team from the International Monetary Fund (IMF) will be in Barbados next week to check the progress of the economic reforms, as Government prepares to receive another US$49 million from the Fund.

 (Source: NationNews)

• The GDP per capita rose by 5.9% at year-end 2018, standing at US$7,917, according to data from Dominican Republic’s Central Bank.
• It’s the highest increase in the last seven years, in line with the Dominican economy’s growth in that period, which is more moderate, although constant.
• The growth of the economy at the end of last year was 6.9%, according to the most recent data from the World Bank.

(Source: Dominica Today)

• The U.S. jobs report Friday in Washington should show a temporary boost to hiring for the 2020 Census, while Bloomberg Economics sees promise in the Federal Reserve’s bet that economic weakness is temporary, analysis shows.
• The median expectation from economists is for an increase of 190,000 positions in April, with average hourly earnings gaining 3.3% from a year earlier.
• Unemployment is expected to remain unchanged from March at 3.8% when the data is published at 8:30 a.m. Eastern Time. 

(Source: Bloomberg)

• Consumer prices in the euro area rose 1.7% in April, the strongest since November, with core inflation, which strips out volatile food and fuel prices, jumping to 1.2%.
• Both readings beat economists’ estimates, and coupled with other recent more-positive-than-expected economic data for the region can be seen as good news for European Central Bank President Mario Draghi, who was resisting adding more stimulus. 
• Bundesbank President Jens Weidmann said in a speech ahead of today’s numbers that “much suggests that the economy is only experiencing a temporary weak phase and will pick up speed again after its soft patch.”

 (Source: Bloomberg)