The Forum on Investment in Brazil and Brazilian Investment Abroad will outline the challenges facing the country when it comes to drawing foreign funds in. Discussion will take place next Tuesday (27th) in São Paulo.
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The estimation was made by the government’s chief of staff, Jaques Wagner. New fiscal target will be officially presented by the government this Friday.
The Brazilian mining company spent USD 12.7 per ton of iron ore in Q3 of this year. It reported that it is the lowest cost in the world. The Middle East’s share in overall business declined.
Foreign sales of textiles and clothing amounted to USD 242 million from January to September. The industry is running a USD 1 billion trade deficit.
From this Wednesday (21st), Abu Dhabi Global Market, the emirate’s financial free zone, is accepting applications from local and international businesses interested in operating at the facility.
The event is scheduled for next Thursday (22nd) at the House of Representatives, in Brasília. The aim is to discuss ways of getting the immigrants into the labor market.
The United States currency closed at a 15-day high this Tuesday (20th). The day was marked by instability on the financial market.
As per the Eclac’s forecast for 2015, the primary reasons for the slump in foreign sales from Latin America and the Caribbean are plummeting raw material prices and weaker international demand.
The auction is taking place in February of next year and concerns contracts with delivery due in 2021. Overall, 1,055 power generation projects have been registered.
A project is investing in Pirarucu fish farming in captivity in North Brazil and improving quality in a bid to increase domestic and foreign sales. The Pirarucu is a prime fish.
Brazilian imports overcame exports in USD 250 million. Year-to-date, there’s a surplus of USD 11 billion.
Projections by financial institutions polled by the Brazilian Central Bank indicate that benchmark rate Selic will not be raised at Monetary Policy Committee meeting this week or in November. The rate is now 14.25%.
For Otaviano Canuto, IMF’s director, labor shortage in some areas could be solved by immigrants.
The sector was one of the least impacted by cuts in financing from the Brazilian Development Bank (BNDES) and should see a 5% increase in loans this year.
