The opening will be in September, with the brand planning a second store until the end of the year. The Brazilian cosmetics company signed a five-year agreement with Millennial Capital Ltd.
Browsing: Economy
An indicator from the Institute for Applied Economics Research (Ipea) showed an increase in April from March.
ANP sold three of the four blocks offered in an auction this Thursday (7).
Egypt’s Modern Marble will be exhibiting at the Vitoria Stone Fair starting this next Thursday. Importers and commercial representatives from the UAE, Lebanon and Qatar will also be there.
Foreign sales of Brazilian-made cars dropped as a result of a trucker strike. Industry association Anfavea expects a rebound.
Qatar Petroleum International will place a bid at the 4th Round of the Pre-Salt Production Sharing Regime with 15 other companies next Thursday (7).
Production amounted to 1.78 million barrels of oil equivalent per day in April in wells located in Brazil’s so-called pre-salt area.
The profits of the country’s 13 listed property companies totaled USD 1.1 billion in the year’s first quarter, well above the market’s expectation.
Estimates from financial market players regarding the economy this year slid from 2.37% to 2.18%.
A major hydrocarbon producer, the Arab country is struggling to spur its economy into growth. A four-year-long oil price slump has made an impact on the Algerian budget.
Last month saw USD 19.2 billion worth of exports from the country, with imports reaching USD 13.2 billion and leading to a USD 5.9 billion surplus.
In order to offset losses stemming from a diesel price cut, Brazil’s federal government has put in place measures including slashing tax credits to exporting companies.
Sales of passenger cars, light utility vehicles, trucks and buses dropped by 7.11% in May from April.
The Brazilian federal government proposed a law to the National Congress whereby private sector players will be allowed to buy six of state-run power utility Eletrobras’ distribution subsidiaries.
