Oil major Shell, the healthier joint-venture partner in Brazilian sugar and ethanol producer Raizen, ‌is ready to pour more resources into a recapitalization of the distressed company, three ‌people familiar with the matter told Reuters. Raizen, a top global sugar maker, is in tough financial straits after posting ​a third-quarter net loss of 15.6 billion reais ($3 billion) in mid-February, when it warned of "significant uncertainty" about its ability to keep operating.

The financial restructuring process of Azul under Chapter 11 of the United States Bankruptcy Code reached its conclusion on February 20. Following the full repayment of the DIP (Debtor-in-Possession) financing and the settlement of its share offering, the company emerges with a reduction in debt and lease obligations of approximately $2.5 billion, AviaciOnline.com reported. The airline successfully repaired its balance sheet through strategic agreements with key creditors, including the lessor AerCap and U.S. carriers United Airlines and American Airlines.

Integratel Peru improved its operating result as it moves forward with a financial restructuring plan within the framework of its insolvency proceedings before Indecopi, BNAmericas.com reported. Since the acquisition of Telefónica's operation in April, the company set out to transform its operation to optimize management models and strengthen the foundations of the business, achieving operating efficiencies of 229 million soles (US$67.6 million (mn)). The strategy involves prioritizing higher-profitability customer clusters to improve operating results.

Brazil's federal audit court TCU has completed a technical review of the central bank's handling of Banco Master's liquidation and found no reservations or recommendations regarding the regulator's conduct, Reuters reported. The central bank did not immediately reply to a request for comment. The audit court said in a statement that the case is confidential and that no further information is available.

The resignation of Argentina’s national-statistics chief over a new inflation index is testing investor confidence in President Javier Milei’s economic overhaul, reviving memories of efforts by his Peronist predecessors to doctor consumer-price data, the Wall Street Journal reported. Marco Lavagna, head of Argentina’s Indec statistics agency, stepped down Monday after the government delayed plans to update the country’s inflation index, which economists said understates current price increases.

Fictor Holding filed for bankruptcy protection in Brazil, with its holding company and a financing firm seeking to restructure 4 billion reais (about $763 million) in debt, Bloomberg reported. The Brazilian firm’s other companies, including Sao Paulo Stock Exchange-listed Fictor Alimentos, are not included in the filing, according to the report. Fictor said that it wants to pay creditors the full amount it owes but wants to block them from forcing it to pay for 180 days. The bankruptcy came about three months after the liquidation of Banco Master, according to the report.

Azul S.A. announced on Jan. 28 that its subsidiary Azul Secured Finance LLP has launched a private offering of senior secured notes due 2031 to provide exit financing under the airline’s court-approved chapter 11 restructuring plan, primarily to repay its debtor-in-possession facility and, with any remaining funds, to support a broader restructuring aimed at optimizing its capital structure and liquidity, TipRanks.com reported.

Two global trading houses that brokered an opaque deal with the Trump administration this month to sell Venezuelan oil were previously prosecuted for bribery schemes involving oil sales elsewhere, court records show, underscoring concerns by anti-corruption experts and lawmakers that the arrangement is vulnerable to abuse, the Washington Post reported. The administration granted confidential licenses to Vitol and Trafigura in early January to sell Venezuelan oil with little independent oversight.

Colombia's central bank raised its benchmark interest rate by 100 basis points to 10.25% on Friday, its ​first hike in nearly three years and a larger move than most ‌analysts had expected, as policymakers pointed to rising inflation pressures, a sharp jump in inflation expectations and mounting fiscal and external risks, Reuters reported. The increase was approved by a divided seven-member board: four directors voted for the 100-basis-point hike, two voted for a 50-basis-point cut and one backed holding the ‌rate unchanged, according to the central bank's statement.

A proposed reform of Venezuela's oil law is enough to encourage companies working in the country to expand and for some new entrants to begin investing, but deeper reforms would be necessary to attract the $100 billion the U.S. says is required to revamp the nation's energy sector, foreign and local executives and lawyers said, Reuters reported. The U.S. has taken control of Venezuela's oil exports and revenue following a military incursion to capture President Nicolas Maduro earlier this month, and a naval blockade to stop oil shipments on sanctioned vessels since December.