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.

A group of banks including JPMorgan Chase, Bank of America and Goldman Sachs is struggling to put together a $20 billion loan to Argentina without leaving themselves too exposed to the financially distressed South American country, the Wall Street Journal reported. The bank loans would be part of the Trump administration’s plan to backstop the finances of libertarian President Javier Milei’s government with a $40 billion package, including a $20 billion currency swap with the U.S. Treasury Department and the separate $20 billion bank-led debt facility.

Banks including JPMorgan, Bank of America, Goldman Sachs and Citigroup are in talks with the U.S. Treasury to provide up to $20 billion in loans to Argentina, Semafor reported on Thursday, Reuters reported. U.S. Treasury Secretary Scott Bessent on Wednesday had said that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bessent said that the facility would sit alongside a new $20 billion U.S.

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.

An affiliate of Elliott Investment Management wants to cut costs at Venezuela-owned Citgo Petroleum while a unit of Gold Reserve would largely focus on maintaining the status quo, five sources told Reuters, as a lengthy auction that will determine the refiner's future nears an end. Details of the two competing visions for Citgo emerged ahead of a U.S. court selecting the winner for an auction of shares in Citgo's parent company, PDV Holding.

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.