The minister of Energy said that the cuts in oil extraction are due to maintenance works, but underlined that the reduction should remain in place for the next two months.
Browsing: Economy
The Brazilian state-run Federal Savings Bank posted USD 1.3 billion in profit last year, down from USD 2.3 billion in 2015.
The International Labor Organization director-general said the number of jobless people will keep climbing for years to come and questioned countries’ approaches to addressing the economic crisis.
The meeting will cover migration, refugees and displacement from next Thursday (30) until Saturday (1) at the auditorium of the São Paulo Secretariat of Education. The goal is to find solutions for the current problems.
Exports from Brazil increased by 0.4% on average per business day last week, even though foreign sales of meats weathered a blow.
Results in the Focus Bulletin, a Central Bank poll of the expectations of Brazilian banks, went down for the third week back-to-back.
The index increased 3.5 points in March and reached 85.3 points, its highest level since December 2014.
Art objects and decoration items are on offer in the food court of São Paulo’s Shopping Tatuapé mall through April 2. Egypt, Morocco and the UAE are some of the countries with stands in the fair.
Investors from abroad placed USD 16.8 billion in the Brazilian economy in the first two months, with these investments finding their way to almost all sectors: industry, services and mining.
February saw Brazilian citizens spend USD 1.360 billion in trips to other countries, whereas foreign tourists disbursed USD 535 million in Brazil.
The winning bidder for two seaports in Santarém, Pará was Consórcio Porto Santarém, a consortium formed by Petróleo Sabbá and Petrobras Distribuidora.
The government has launched a series of measures that, when fully implemented, will cut down times from 13 to 8 days for exports and 17 to 10 days for imports. For now, the new rules are only in effect in four airports.
Survey by Fundação Getulio Vargas registered a 2.9 points increase to 90.7 points, the best result since May 2014.
The company has already sent samples of its cheese bread, made without artificial flavoring, hydrogenated fat or preservatives, to the United Arab Emirates and Canada. Currently, it’s been negotiating its first exports contract.
