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%.

Airline group Abra has decided to terminate talks on a potential merger between Brazilian carrier Gol, which it controls, and rival Azul , a securities filing showed late on Thursday, Reuters reported. The move ends prospects for the creation of a dominant airline in Latin America's largest economy, which would have held roughly 60% of the domestic market, surpassing the local unit of Chile-based LATAM Airlines.

Brazil's central bank projected on Thursday that inflation will hover near the official goal in the first quarter of 2028, but still fail to meet it, according to the bank's latest quarterly monetary policy report, Reuters reported. After projecting earlier this month annual inflation at 3.4% for the first quarter of 2027, the relevant horizon for policy decisions, policymakers unveiled a 3.1% forecast for the first quarter of 2028, the final period covered by the report. The bank targets inflation at 3%, with a tolerance band of 1.5 percentage points in either direction.

Argentina's economic activity grew 2.9% in July compared with the same month last year, official data showed on Wednesday. The figure for Latin America's third-largest economy came in below the 3.3% figure projected by analysts polled by Reuters. Read more.

Brazil's central bank said on Tuesday that it has entered a "new stage" in which policymakers opt to keep interest rates unchanged while evaluating whether the current level is enough to ensure inflation converges to its 3% target, Reuters reported. In the minutes from its latest meeting, where it held the benchmark Selic rate at a near two-decade high of 15% for the second consecutive time, the bank said that policymakers would not hesitate to resume a hiking cycle if deemed appropriate.

Treasury Secretary Scott Bessent on Monday announced the Trump administration is looking at options to provide Argentina a financial lifeline as the country struggles to overhaul its economy, the Wall Street Journal reported. Bessent in a series of posts on X laid out the options administration officials are reviewing to backstop Argentina if the country under President Javier Milei’s leadership can’t overcome its financial woes. “These options may include, but are not limited to, swap lines, direct currency purchases, and purchases of U.S.

A U.S. judge upheld the validity of Venezuelan state oil company PDVSA's 2020 bonds on Thursday, in a blow to the company, which had argued that the defaulted bonds were not properly issued, Reuters reported. The bonds are secured by a majority stake in U.S. refiner Citgo , which is owned by PDVSA. The company defaulted on the bonds in 2019, putting the refiner at risk of seizure by creditors. On Thursday, U.S. District Judge Katherine Polk Failla in Manhattan ruled that the bonds were indeed properly issued under Venezuelan law.

Brazilian Finance Minister Fernando Haddad said on Tuesday he expects interest rate cuts to begin in the coming months, citing a more favorable foreign exchange outlook in Latin America's largest economy, Reuters reported. "I believe there will be room for rate cuts ... in the coming months," Haddad told an event hosted by J. Safra Bank. He noted that at the start of the year he said he would not pay more than 5.70 reais per dollar, while the exchange rate now stands near 5.30. Although that level hurts government tax collection, he stressed it also brings "good news".

A long-awaited sale hearing expected to complete a U.S. court-organized auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum is set to begin on Monday, with bidders and creditors locked in a bitter dispute over who should win, Reuters reported. The Delaware court will hear testimony from the involved parties, witnesses and experts in the four-day showdown before Judge Leonard Stark selects a final winner. Another set of arguments could be presented in October if the court decides more time and evidence are needed. At stake is the future of the seventh largest U.S.