Rio Grande do Sul state brand Maria Pavan closed deals with three Arab clients in a fair in Paris. It’s the first time that the brand sells to the UAE. It also has a new Saudi client.
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The Brazilian Central Bank (BC) revised up from USD 15 billion to USD 18 billion its forecast for the 2016 current account deficit. However, foreign direct investments can fund the deficit in full.
In the fourth week of September, exports from Brazil fetched USD 3.71 billion, with imports amounting to USD 3.02 billion.
A poll of financial institutions by the Brazilian Central Bank sees inflation at 7.25% this year, down from a prior forecast of 7.34%.
Spending in August reached USD 1.3 billion, up 2.3% from the same month a year ago. Exchange rate fluctuation and improved consumer confidence were factors.
The petroleum market and its connection with historical events in the region will be dealt with in a course at Ibef, in Rio de Janeiro, on October 4 and 5. Lebanon’s Najad Khouri is one of the speakers.
The event ‘The procedure for rights sales abroad’ will cover the different steps authors need to take to publish their books abroad. The meeting takes place on September 29 in São Paulo.
The state-owned company will sell a 90% stake of a 2,000 km gas pipeline network to Brookfield for USD 5.2 billion.
Experts from five Middle East countries will attend the World Congress of the International Federation for the Surgery of Obesity & Metabolic Disorders, taking place from September 28 to October 1.
Brazilian companies of the sector increased their foreign sales in August, especially of computer products, telecommunications and industrial automation. Year-to-date, sales are still on the decline.
Such is the rate projected by the Brazilian Institute of Geography and Statistics (IBGE) for the twelve months ended September. Inflation reached 0.23% so far this month, and 5.9% year-to-date.
Décor brand Das Catarinas Brazil exports to Europe and is intent on growing on the international market. Its products are made with scrap textiles by women in Santa Catarina, Brazil.
The multilateral organization believes global economy will grow 2.9% this year, less than in 2015, and 3.2% in 2017. Forecasts released in June were revised downward.
The United States currency closed at BRL 3.211 this Wednesday in Brazil after the US Federal Reserve said it will keep the interest rate at the current level. Japan also announced it will retain its stimulus policy.
