Brazil purchased US$ 4.4 billion worth of products from abroad in July, according to the Brazilian Chemical Industry Association. The trade balance for chemical products is running a deficit.
Author: From the Newsroom
Formerly owned by Eike Batista, Porto Sudeste should start shipping iron ore in Q4 this year.
Volume and revenue increased in the period due to the increase in poultry exports to large consumer markets, such as Saudi Arabia. Revenue is the highest ever for the month.
The president of the Brazilian Electoral Court, Dias Toffoli, and the chairman of the Sudanese National Election Commission, Mukhtar Al-Assam, signed a memorandum of understanding this week in Brasília.
‘Unerasable Memories’ will present 18 pieces starting on August 30th at São Paulo’s Sesc Pompeia. The artwork includes videos, a video installation and a performance-lecture by Lebanese and Moroccan professionals.
Sector is expected to double its share in the Brazilian GDP by 2020.
Sales from Brazil amounted to US$ 14.7 million year-to-date through July, and the Arab country ranked tenth on the list of leading destinations. Overall, exports declined.
During the month, the amount of debt owed by consumers in Brazil increased by 4% from June and 11% from July last year.
Brazilian agribusiness exports grossed US$ 9.61 billion in July. Year-to-date, exports are down 0.3%.
The US$ 336 million deficit in the first ten days of the month was the result of US$ 5.455 billion exports and US$ 5.791 billion imports.
Economist Eduardo Gianetti da Fonseca will deliver a lecture on economic perspectives for the country at the organization’s offices on August 19th at 7:00 pm. Registration is open and slots are limited.
Price index calculated by the organization is down 2.1% in July from June. Decline was driven by lower prices of oilseeds, maize and wheat.
Following months of talks, Abu Dhabi’s airline is acquiring a 49% stake in its crisis-ridden Italian counterpart. This and other operations will amount to a combined 1.758 billion euros.
According to consulting firm KPMG, 406 merger and acquisition (M&A) operations took place in Brazil in H1, the second best result for the period since 1994.
