Brazil’s credit flareups are driving up borrowing costs and spooking investors, forcing companies in Latin America’s largest economy to scrap or scale down their plans to tap the debt market, Bloomberg Law reported. Companies’ issuance of hard-currency bonds fell by more than half in October compared to the same period last year, according to Bloomberg-compiled data. Those that have seen borrowing plans upended include CSN, which shelved a deal to refinance its 2028 dollar bonds in September.

A Rio de Janeiro court granted relief measures requested by Brazilian waste management company Ambipar (AMBP3.SA), opens new tab as part of its bankruptcy protection filing, a ruling seen by Reuters showed on Monday. According to the decision, creditors must refrain from enforcing trust-based guarantees, seizing any funds or financial assets, and declaring the early maturity of debts not subject to the effects of Ambipar's bankruptcy proceedings.

Brazilian waste management company Ambipar sought bankruptcy protection in a Rio de Janeiro court late on Monday, facing a cash crisis and the risk of accelerated debt repayments of billions of reais, Reuters reported. A company subsidiary has also filed for Chapter 11 bankruptcy protection in the United States, according to a regulatory document made public early on Tuesday.

The Brazilian airline Azul, which is owned by airline mogul David Neeleman, has called for a top-down investigation into the now defunct shell company TAP SGPS to work out why the company is bankrupt, why and where the money went, and to determine who is “guilty” for its insolvency, Essential-Business.pt reported.

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that Brazil and the U.S. will hold negotiation talks on tariffs on Thursday, Reuters reported. Lula's remarks at an event in Rio de Janeiro followed a call between him and U.S. President Donald Trump last week in which Trump designated Secretary of State Marco Rubio to continue tariff negotiations with Brazilian officials. Brazilian Foreign Minister Mauro Vieira and Rubio agreed on a meeting last week.

Brazil's central bank monetary policy director Nilton David said on Thursday that the decision by policymakers to interrupt the monetary tightening cycle requires keeping interest rates unchanged for longer than if they had continued raising them, Reuters reported. "This decision was made by the committee and it is being applied now, which is why we are in the very prolonged period (of unchanged rates)," he said at an event hosted by the Spanish Chamber of Commerce in Sao Paulo.

A bankruptcy judge in New York said Oi S.A. can’t withdraw from the chapter 15 proceeding that recognized its Brazilian bankruptcy in the U.S., upending the Brazilian telecommunications company’s plan to pursue a chapter 11 case instead, WSJ Pro Bankruptcy reported. Judge Lisa Beckerman of the U.S. Bankruptcy Court in New York on Wednesday denied the company’s requests to terminate her March 2023 order recognizing its Brazilian bankruptcy in the U.S. and to dismiss the chapter 15 petition that led to that recognition order.

Brazil's Mines and Energy Ministry has asked the federal government for a capital injection into Eletronuclear to prevent the company's imminent insolvency, adding to the long-running financial strain of the unfinished Angra 3 nuclear plant in Rio de Janeiro. In a letter dated Monday and seen by Reuters, Minister Alexandre Silveira told the Finance, Planning and Management ministries that planned investments to maintain Angra 3 equipment and facilities were entirely cut from the 2026 budget.

Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on Monday, as high interest rates helped cool activity in Latin America's largest economy, Reuters reported. Credit growth over the past 12 months slowed to 10.1% in August, down from 10.8% in July. The central bank projected last Thursday that annual loan growth would ease further, ending the year at 8.8%.