KKR Strikes Asset-Management Partnership with Brazil's Itau
KKR & Co. and Itau Unibanco Holding SA 's asset manager struck an exclusive partnership to develop alternative investments for institutional and wealth clients in Brazil.
The buyout firm and Sao Paulo-based Itau Asset Management will develop products across private markets asset classes, including building co-branded investments for the Brazilian market, according to a statement Tuesday. The firms said they also may work together on co-investments.
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Diogo Moreira to join Honda ahead of 2026 MotoGP debut
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US Roasters Shun Coffee From Brazil After 50% Tariffs Kick In
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Limited offers for Honduran coffee are already priced 30 to 40 cents per pound above the futures market, while Colombian exporters haven't been offering prices at all in case the market surges later, said Tomas Araujo, a senior trader at StoneX. A shift away from Brazilian beans in the US would likely divert more of those supplies to Europe, offering relief for buyers there that are seeking traceable beans to comply with the bloc's upcoming deforestation rules, according to Dave Behrends, head of trading at Sucafina SA. More beans would also go to the growing coffee market in China, leaving US roasters facing a pricier market. While New York-based Gregorys Coffee is lucky to have had its last shipment from Brazil arrive on Aug. 2 before the higher tariffs kicked in — leaving it supplied until mid-November — it will eventually need to import another batch it already contracted at the higher rate, said CEO Gregory Zamfotis. The company, as well as other smaller roasters, are bracing for the impact. 'Absorbing a 10% tariff is nearly impossible for a small business to do entirely on its own,' said Daria Whalen, the director of coffee at San Francisco-based Ritual Coffee Roasters. 'Some of that has to be passed to customers — and 50% feels staggering and insurmountable.' --With assistance from Anuradha Raghu. Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Women's Earnings Never Really Recover After They Have Children Americans Are Getting Priced Out of Homeownership at Record Rates Yosemite Employee Fired After Flying Trans Pride Flag ©2025 Bloomberg L.P. Sign in to access your portfolio
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Turkish Billionaire Strikes $465 Million BHP Brazil Mine Deal
CoreX Holding BV agreed to buy mining giant BHP Group Ltd 's Carajas copper mines in Brazil for as much as $465 million, the biggest deal yet in Turkish billionaire Robert Yuksel Yildirim's push to build a metals supply chain independent of China. The companies entered into a binding agreement for the sale on Aug. 15, BHP announced early Tuesday alongside its full-year earnings, with up to $225 million of the price tag contingent on future production and project-related targets.
