The two public banks are going to receive US$ 4 billion in capital increase through Petrobras shares belonging to the Federal Government. Caixa should double its portfolio in coming years.
Author: Agência Brasil
Country has sufficient power to grow by 7% a year up until 2014, according to the Energy Research Company. An auction of alternative sources and reserve energy was held this week.
The estimate was made by the Federation of Industries of the State of São Paulo (Fiesp). Industrial activity increased by 2.6% in July and by 12.7% since January.
The Sugarcane Industry Association revised its estimate for this year’s sugarcane crop due to a dry spell. A total of 573.83 million tonnes should be milled, a 3.7% decline over the last projection.
Industry revenues in the first seven months of 2010 exceeded those of the same period last year by 16.6%.
The service sector grew at higher rates than the economy as a whole in 2008, according to a research by the IBGE. While the GDP grew 5.1%, non-financial services grew 18.8%.
A legal opinion issued by the Attorney General’s Office is going to limit sales of Brazilian land to foreigners or foreign-owned companies.
A legal opinion issued by the Attorney General’s Office is going to limit sales of Brazilian land to foreigners or foreign-owned companies.
The Brazilian company established a partnership with the United States-based KL Energy for developing alcohol fuel production from sugarcane bagasse.
Volume of financing granted in the 2009-2010 crop was 14% greater than in the previous period.
The figure is a result of US$ 13.2 billion in Brazilian exports and US$ 11 billion in imports.
Foreign direct investment totalled US$ 2.6 billion in the country in July, and US$ 14.7 billion in the first seven months this year, according the Brazilian Central Bank.
A Sebrae study shows that revenues of micro and small companies in the state grew over 10% in the first half. Businessmen are optimistic regarding the second half.
The largest financing ever granted by the institution to a municipality will be allocated to slum urbanization works. The first instalment, of US$ 545 million, will be cleared in the next few days.
