As per a Brazilian Central Bank poll of financial institutions, national Gross Domestic Product (GDP) is seen shrinking 3.18% this year. Last week’s projection had been 3.20%.
Author: Da Redação
The judoka Sergiu Toma won bronze for the United Arab Emirates in the men’s under 81 kg category this Tuesday at the Rio Summer Olympics.
Brazil’s Extended National Consumer Price Index was at 0.35% last month, down from 0.78% in May, and drove H1 inflation to 4.42%; the rate was 6.17% in H1 2015.
The road supplies manufacturer’s revenues were up 4.8% in Brazilian real, but down 19.1% in US dollars in Q1 this year.
As Brazil’s economy grapples with recession, José Roberto Mendonça de Barros said in a lecture at the Arab Brazilian Chamber that businesses must redouble their export efforts.
The halal food company Al Islami intends to open an office in São Paulo soon and is considering having a facility for processing poultry in the country.
Brazil’s Development Ministry and National Federation of Industry have entered into a cooperation deal to work in tandem to attract productive investments into the country.
The Economic Activity Index edged down 0.52% in November, the Brazilian Central Bank reported.
The IMF says the cheap commodity could mean asset quality and liquidity in the financial system might deteriorate. However, it also says local banks are well-capitalized and prepared to manage risks.
The Brazilian government issued a statement condemning the explosions that took place in Beirut last Thursday evening (12th), claiming at least 41 lives. There are no reports of Brazilian victims.
The state’s capital Recife is vying for the new aerospace hub with Fortaleza and Natal, also in Northeast Brazil. ‘I believe we have the best technical qualifications,” said state secretary for Tourism Felipe Carreras.
Revenues from foreign sales declined 17% last month and year-to-date. Economist believes in a rebound by next year.
The country produced 2.46 million barrels per day in July, an increase of 8.8% in comparison to the same month of 2014. Natural gas production registered a increase of 8.5% in the same comparison.
Watch in this episode: Brazilian Route takes us to a particular street in the center of São Paulo, Rua 25 de Março (25 of March Street), a popular retail hub.
