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Mubadala Investment Co. is seeking partners to form a consortium of up to ten members to provide liquidity for Rio de Janeiro's upcoming stock exchange, Base Exchange. This initiative aims to challenge the dominance of São Paulo's B3, with plans for regulatory approval by year-end and a launch in early 2026. Rio Mayor Eduardo Paes has supported the initiative by reducing the service tax on stock exchange activities from 5% to 2%.
Morgan Stanley reduced its target price on Westlake from $130 to $122, maintaining an "equal weight" rating, while JPMorgan Chase lowered its target from $135 to $110, upgrading to "neutral." Wells Fargo cut its target from $160 to $130 with an "overweight" rating, and Truist Financial adjusted its price objective from $168 to $166, keeping a "buy" rating. Analysts show a consensus rating of "Moderate Buy" with an average target price of $140.07, while Westlake recently reported earnings of $0.06 per share, missing estimates. The company declared a quarterly dividend of $0.525, with a yield of 1.95%.
Brazil and South Africa are facing persistent inflation, while India and Indonesia may maintain lower rates. The OECD forecasts Saudi Arabia's GDP growth to rise to 3.8% in 2025, with stable inflation at 1.9%. Global growth is projected to slow due to trade tensions and policy uncertainty, with advanced economies particularly affected.
Manchester United has announced a 5% increase in season ticket prices for the 2025-26 season, despite calls from fan groups for a freeze. While under-16 ticket prices remain unchanged, the club is introducing a new pricing structure for high-profile matches. This decision comes amid ongoing financial challenges, with cumulative losses of £410 million over the past seven years.
Rabobank has appointed Pollyana Saraiva as the new State Manager for Country Banking in Queensland, succeeding Brad James, who is retiring after over 20 years. With nearly 30 years of experience in financial services and agribusiness, Saraiva previously led Rabobank's rural banking operations in Latin America and is committed to enhancing support for agricultural producers in Queensland. She expressed enthusiasm for contributing to the region's agricultural sector and helping clients achieve their business aspirations.
Brazil is set to double its egg exports, aiming to ship up to 35,000 tons in 2025, as the U.S. faces shortages due to bird flu. The Brazilian industry group ABPA reported that this new target represents a 67% increase from its previous forecast of 18,000 tons last year.
Huawei, Softex, and Anatel have released a white paper at MWC-2025 advocating for the rollout of 5G-Advanced (5G-A) in Brazil. The document highlights 5G-A's potential to enhance the country's digital infrastructure and modernize critical sectors such as industry, logistics, transportation, and public services. Carlos Roseiro from Huawei emphasized the global shift towards 5G-A, particularly in regions like China and the Middle East, driven by advancements in AI.
At MWC 2025, Huawei's Xie Qiangqiang emphasized the need for data readiness in the AI era, highlighting challenges like siloed data and low GPU utilization. The company is innovating with AI Data Lakes and end-to-end protection solutions, while also addressing sustainability through energy-efficient storage systems. As telcos transition to techcos, Huawei aims to enhance data storage strategies to support AI-driven services across diverse markets.
Archer-Daniels-Midland (NYSE: ADM) reported Q4 earnings of $1.14 per share, surpassing estimates, despite a 6.4% year-over-year revenue decline to $21.50 billion. The company recently increased its quarterly dividend to $0.51 per share and authorized a share repurchase program for 100 million shares, signaling confidence in its stock value. Analysts project an EPS of 4.31 for the current year, but the stock currently holds a Reduce rating among analysts.
Kinross Gold Corporation, which operates gold mines in the U.S., Brazil, Chile, Canada, and Mauritania, has a consensus rating of "Moderate Buy" with an average price target of $11.63. The company recently reported earnings of $0.20 per share, missing estimates, and announced a quarterly dividend of $0.03, yielding 1.05%. Institutional investors hold 63.69% of the stock, and analysts predict a fiscal year EPS of 0.81.
BRA
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mubadala seeks partners for new rio de janeiro stock exchange initiative
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