Leather and footwear parts makers affiliated with an exports program grossed USD 223 million from foreign sales from January to October, up 35% from the comparable period of last year.
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Foreign sales from Brazil amounted to 4,252 units from January to October, down 5.4% from the same months in 2015.
In this year’s Q3, the Brazilian Development Bank reversed the losses of 2016’s first six months.
The Arab airline acquired 10% of total shares of the South American company, which will now move forward with a USD 613 million capital increase.
Answering a survey by the Ministry of Finance, banks revised down slightly their forecast for the central government’s primary deficit from the BRL 159.8 bn (USD 47.03 bn) previously estimated.
The United States currency was selling for BRL 3.422 at the end of this Wednesday in Brazil, down 0.56%. São Paulo Stock Exchange Index Ibovespa gained 1.85%.
Indicator by consulting firm Serasa Experian shows a downward trend in the economy from July to September over the previous quarter.
The Council of Arab Ambassadors in Brazil met with the state governor, Geraldo Alckmin, and the chairman of the local industries federation, Paulo Skaf.
A survey from the World Economic Forum shows that the Arab country is widely popular among people aged 18 to 35 who’d like to move abroad in order to advance their careers.
Exports from Brazil grossed USD 3.938 billion in the second week of November, with imports amounting to USD 2.817 billion.
The forecast was announced by the Algeria prime minister, who believes in growth despite lower revenues from oil.
Gross Domestic Product is seen shrinking 6.84% in a Brazilian Central Bank poll of financial institutions. Last week’s estimate had been marginally better. Inflation forecasts, on the other hand, have improved.
The 12th edition of the Embassies Fair happens on Saturday (12) featuring 13 diplomatic offices from the Middle East and North Africa. Proceeds from the event will go to 20 different charities.
Exports from Brazil to Saudi Arabia and the United Arab Emirates slid in the first tehn months of the year. Overall, foreign sales increased both year-to-date and in October.
