The Brazilian Ministry of Planning announced a USD 5.8 billion cut in an attempt at securing a primary surplus worth 0.5% of GDP at the end of the year.
Author: From the Newsroom
Revenues from exports to the top two Arab buyers of Brazilian shoes increased in January from January 2015, industry association Abicalçados reported.
The state-owned company that manages railways in the country is floating a tender for diesel locomotives purchased in the late 1970s.
The company produced 333.4 million tons of iron ore last year, up 14.2 million tons from the preceding year.
The Organisation for Economic Co-operation and Development forecasts modest recovery in developed countries and sluggish economies in emerging ones. Brazil should see 4% recession.
The event ‘Women for Success’ opened this Thursday (18) and will run until next Monday (22). The agenda includes leadership, balancing career and personal life and entrepreneurship.
Standard & Poor’s believes political and economic challenges persist, and that the country will take longer than previously expected to adjust its economy.
The UN mission chief in the Arab country says humanitarian needs exceed the government’s ability to cater to its population.
Brazil’s National Petroleum, Natural Gas and Biofuels Agency said importation slid 74.5% in January 2016 from January 2015.
The money is needed to address the needs of as many as 10.6 million malnourished people and 7.4 million with no access to freshwater due to ongoing clashes. The UN’s undersecretary-general calls for peace talks.
Motorcycle sales from Brazil to foreign countries increased year-on-year in January, to 3,336 vehicles shipped abroad.
In a concerted effort with Russia and Venezuela, the two Arab countries have pledged to keep production at January levels to prevent prices from diving further. The goal, however, is not to drive prices up.
Spending by business travellers in Brazil declined in 2015 from the preceding year. The highest grossing industry was air travel, which accounted for 44.2% of total earnings.
Brazil’s exports outweighed imports in the second week of February, in the second weekly surplus of the month. Since January, the country is running a USD 2.2 billion surplus.
