Browsing: Economy

The Iace indicator, computed by think tank Fundação Getulio Vargas and the United States’ TCB edged up 1.2% in April after having climbed 1.1% in March and 0.2% in February.

The storage equipment maker reported BRL 25.9 million in net income in Q1 this year. The company is working to increase sales in Africa, Latin America and Eastern Europe.

Casa Maní sells batter for making the typical Brazilian food to seven different countries and is looking to branch out. The company’s goal is to ship up to 30% of its production abroad.

Estimates by the financial institutions on the economy show a 3.88% GDP drop this year over 2015, according to survey by the Brazilian Central Bank. Previous forecast pointed to a 3.86% decline.