Batista controls EBX, an empire of interlinking commodity startups. The single most valuable company is publicly traded OGX, which started
producing oil in January 2012. Among his closely held ventures are Colombian gold explorer AUX, Rio de Janeiro real-estate developer REX and technology and sports-management firms.
The Ibovespa fell the most among major stock gauges in the Americas as exporters including iron- ore producer Vale SA tumbled after data showed a decline in a measure of new credit in China, Brazil’s top trading partner.
Trafigura Beheer BV, the world’s second-biggest metals trader, is scouring for port and warehouse expansion opportunities in the Americas after investing $800 million on Colombian oil and coal facilities and buying a stake in an iron-ore port in Brazil.
The world’s biggest copper miners are urging Chile not to squander its mineral potential amid mounting environmental opposition, power shortages and rising labor costs and taxes in Latin America’s wealthiest economy.
Leon Black, who made billions by buying up debt of companies in the U.S. and Europe that others deemed worthless, is turning to emerging markets as the next source of growth for his $161 billion money management firm.
The Ibovespa sank for the first time in four days on speculation a surge that pushed valuations to the highest since January was excessive considering the outlook for slow growth and fast inflation in Brazil.
AES Gener SA is betting it can overcome opposition that has stalled rival power projects in Chile to build $3.5 billion of new plants needed to help the world’s largest copper-producing country develop new mines.
Banco Bradesco SA, Brazil’s second- biggest bank by market value, rallied to a three-month high on speculation it will get a heavier weighting on the Ibovespa index when the benchmark is rebalanced in May.