Headlines

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.

Swiss software company LzLabs GmbH sought US bankruptcy court recognition of its foreign insolvency case to halt patent infringement litigation brought by tech giant IBM and preserve its stateside intellectual property, Bloomberg Law reported. LzLabs faces severe financial distress following a 20 million pound ($26.7 million) UK judgment issued in IBM’s favor in March as well as IBM’s parallel US suit, the company said in a Chapter 15 bankruptcy petition filed on Oct.

Bernie Madoff went to jail in 2009 and died in 2021. His Ponzi scheme, one of the biggest frauds in Wall Street history, is still haunting the finance industry. HSBC said that it would set aside $1.1 billion as it continues to fight litigation in Luxembourg, the Wall Street Journal reported. The lawsuit, filed by a client soon after the collapse of Madoff’s scheme, alleged that Europe’s biggest bank had failed to protect its assets.

Global mergers and acquisitions activity grew 10% in the first nine months of 2025 compared with the same period last year, extending a gradual recovery despite uncertainty over U.S. tariff policies and geopolitical conflict, a study showed on Tuesday, Reuters reported. The Boston Consulting Group Global M&A Report showed the deal volume rose to $1.938 trillion from January to September compared with $1.763 trillion in the same nine months of 2024.

A German battery-maker partly owned by the investment firm of BMW AG heiress Susanne Klatten filed for insolvency for some of its key units, citing the loss of an unnamed customer, Bloomberg News reported. BMZ Group, which manufactures lithium-ion battery systems, said that two of its units had filed for insolvency proceedings, according to a statement dated Oct. 24. The loss of a major customer in the energy storage sector led to legal disputes and increased costs, prompting a liquidity crisis, it said.

Nine months after its last rate hike, it’s decision time again for the Bank of Japan, the Wall Street Journal reported. On policymakers’ minds: persistent inflation, the worrying impact of U.S. tariffs, and shifts in domestic politics. At a two-day meeting ending Thursday, which comes on the heels of President Trump’s first summit with Japan’s new prime minister, Sanae Takaichi, the central bank will mull rate-hike options and release fresh economic projections.

Nidec, already mired in a deepening accounting crisis, now faces the risk of being delisted after the Tokyo Stock Exchange said on Monday that it will apply special oversight to the company, Bloomberg News reported. The manufacturer of precision motors has been designated as a "security on special alert," starting Tuesday, the TSE said in a statement. That kicks off a potentially yearslong process in which Nidec must show an internal management system that’s adequately developed and implemented. If the exchange sees no improvement after follow-up periods, the firm may be delisted.

The Netherlands' decision to take control of chipmaker Nexperia in September was due to fears the company's former CEO was already dismantling the company's European operations and moving production to China, four sources in The Hague familiar with the government's thinking said on Monday, Reuters reported. A monthlong standoff between China and the Netherlands over Nexperia has prompted carmakers in Europe, the U.S. and Japan to warn of possible production problems due to chip shortages.

Ongoing volatility in the multinational sector related to U.S. tariffs saw the Irish economy contract marginally in the third quarter, the Irish Times reported. Preliminary figures from the Central Statistics Office (CSO) indicated the economy shrank by 0.1 per cent between July and September of this year compared to the second quarter of the year. “The small decrease was mainly driven by contraction in the multinational dominated ‘industry’ sector in Q3 2025,” the agency said.

South Korea's central bank has sounded the alarm on won-denominated stablecoins, warning private issuers lack the institutional trust required to maintain stable currency and urging traditional banks to take the lead instead, Decrypt.com reported. The Bank of Korea (BOK) released a report Monday outlining major risks associated with won-pegged stablecoins, comparing them to historical currency failures from America's mid-19th-century free-banking era to Korea's own Dangbaekjeon crisis under King Gojong.