From the Newsroom* São Paulo – American Depositary Receipts (ADR), i.e. shares of Brazilian companies traded in the Nova York Stock Exchange (NYSE), reached a record high in average daily trades in the month of May, according to data disclosed today (27th) by consultancy firm Economatica. According to the manager at Economatica Latin America, Einar
Author: Gabriel Kawamura Pomerancblum
From the Newsroom* São Paulo – Brazilian equipment manufacturer WEG, based in the state of Santa Catarina (S), is going to establish a manufacturing unit for electric engines in India. The announcement was made today (26th) by the company, which has recently opened factories in Dubai and Russia. In India, the unit will be located
Agência Brasil* Brasília – In the fourth week of May, from the 19th to the 25th, the Brazilian balance of trade showed a surplus of US$ 741 million. Exports totalled US$ 972.8 million and imports, US$ 787.5 million. In the accumulated result for the month, the surplus increased to US$ 2.960 billion and in the
A survey shows that 59% of the companies that cater to the luxury market in Brazil are originally domestic. Then come European companies, with a share of 23%. Last year, the segment posted revenues of US$ 5 billion in the country.
A survey shows that 59% of the companies that cater to the luxury market in Brazil are originally domestic. Then come European companies, with a share of 23%. Last year, the segment posted revenues of US$ 5 billion in the country.
In a meeting with regional heads of state last Friday (23rd), the Brazilian president stated that South America is going to change positions in the global political chessboard. The presidents signed a treaty establishing the Union of South American Nations (Unasul).
From the Newsroom* São Paulo – The Saudi embassy in the Brazilian capital Brasília disclosed today (23rd) that the date has been changed for the conference of the World Islamic League that will discuss the issue of dialogue between different religions and civilizations. The event will be held starting on June 4th in Mecca, in
From the Newsroom* São Paulo – The Saudi embassy in the Brazilian capital Brasília disclosed today (23rd) that the date has been changed for the conference of the World Islamic League that will discuss the issue of dialogue between different religions and civilizations. The event will be held starting on June 4th in Mecca, in
The growth was recorded in the first three months this year compared with the same period in 2007. The hub posted revenues of US$ 6.8 billion from January to March this year. The main cause was the expansion of the Brazilian market, according to the Superintendence at the Manaus Free Zone.
On May 27th and 28th, five importer companies in the cleaning products sector are going to participate in business roundtables with Brazilian companies. Among them is Al Mobidoon, of the United Arab Emirates, which is looking for detergents and disinfectants. The initiative is promoted by the Brazilian Association of Industries of Cleaning Products and Similar Items and the Brazilian Export and Investment Promotion Agency.
Cosmetics trade fair Beautyworld Middle East, which ended yesterday in Dubai, should result in US$ 8 million in business deals for companies based in Brazil during the next 12 months. This time, 15 national manufacturers received approximately 600 visitors from all over the world.
Exports by agricultural and livestock cooperatives in the southern Brazilian state to the Middle East and North Africa grew 94% in the first quarter of 2008 compared with the same period last year. The trend for 2008 is one of expansion, according to the Union and Organization of Cooperatives of the State of Paraná.
