The goal is to secure initial market turnover 11/12/2024 Brazil’s new stock exchange, now named BASE Exchange, has a logo and advanced technology and is actively seeking new partners to ensure an initial trading volume. Mubadala, the controlling shareholder, is supporting BASE in a roadshow across Brazil and the United States, working with Olimpia Partners […]
November 12, 2024 Abu Dhabi’s Mubadala Capital has commenced work on selling Porto Sudeste, a Brazilian private port terminal. The port is co-owned with Singapore-based commodities trader Trafigura. Describing Porto Sudeste as a “mature” asset, Leonardo Yamamoto, executive director of Mubadala Capital Brazil, told Reuters that the company’s role is “no longer very relevant”. Mubadala Capital and Trafigura acquired […]
Post-U.S. election relief fades as currency, interest rates, and stocks remain pressured; Finance Ministry’s fiscal package in spotlight 11/11/2024 The post-U.S. election relief that buoyed Brazilian assets last week has now faded. As the government delays announcing the spending cuts promised by the Ministry of Finance, concerns about fiscal risk continue to mount, compounded by […]