The Economic Activity Index edged down 0.52% in November, the Brazilian Central Bank reported.
Author: Da Redação
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.
The Brazilian Central Bank’s Economic Policy director said the raising of the benchmark interest rate to 13.75% did not suffice to steer the price index toward the target’s 4.5% midpoint in 2016.
Watch in this episode: Brazilian vice president Michel Temer was honored by Arab ambassadors in Brasília.
Watch in this episode an interview with Christophe Didier, general director of Etihad Airways in Brazil.
In the second week of March, Brazil posted a US$ 24 million trade deficit. Year-to-date, the deficit reached US$ 6.089 billion, according to data from the Brazilian Ministry of Development, Industry and Foreign Trade.
Watch in this episode: Arab companies at the CPhI South America trade fair; the Apas Fair, a key event for the supermarket industry in Brazil; a lecture by professor Arlene Clemesha about the modern history of the Arab countries; and Rio de Janeiro’s Botanical Gardens.
Sales to the region accounted for 19% of overall foreign sales from the Brazilian meat company in the 12-month period ended September, as against 15% in the preceding period. North Africa’s share dropped.
Brazilian people’s perception of the economy improved for the second month straight, according to the National Confederation of Industry.
