New president of the Brazilian Association of Defense and Security Materials Industry, Frederico Aguiar, says that Brazil can work in partnership with friendly Arab countries through exports and industrial operations in the region.
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The World Bank revised down forecasts for 2016 prices of 37 of 46 basic products analyzed. Global supply should remain large, with demand standing low.
Brazil registered a USD 58.9 billion current account deficit in 2015, the lowest amount since 2010. The hike of the US dollar and the shrinking domestic GDP were contributing factors.
In the third week of January, USD 2.442 billion were exported and USD 2.599 billion were imported, with the result being a deficit of USD 156 million.
On February 20th and 21st, leaders of African countries and business owners will discuss ways of promoting mutual investments in the continent and attracting the private sector.
The UN agency says that the country begun to attract larger and more diversified resources after adopting broad reforms, creating specialized agencies in the area and keeping economic and political stability.
A survey revealed that utilization of installed capacity in Brazil reached 62% in December, the lowest rate since January 2011.
The Fund increased from 1% to 3.5% the forecast for the decline of the Brazilian GDP in 2016. The president added that the causes of pessimism are political and not economic.
The sum will be spent on infrastructure works at industrial zones in the Upper Egypt provinces Qena and Sohag.
According to the Federal Revenue office of Brazil, tax revenues reached 1.211 trillion in 2015, a decline of 5.62% over 2014.
It was the worst year since 1992, according to information from the Ministry of Labor and Employment.
Architect Vincenzo Visciglia is launching a store carrying decoration items and haute couture pieces in late February. The official launch will be in March and the clientele is the high-income public.
World circulation of foreign direct investments reached USD 1.7 trillion in 2015, an increase of 36% over 2014. Unctad says, however, that only a small fraction of this money went, in fact, to the productive sector.
The main index of the São Paulo Stock Exchange closed down on a day in which the world’s top markets tumbled due to the oil price drop.
