The New Development Bank (NDB) was created by Brazil, Russiam India, China and South Africa. It started operations this Tuesday (21th) in Shanghai and will fund infrastructure projects.
Browsing: Economy
Lili Bag closed a deal with a retail chain from Saudi Arabia in a fair in Italy last month. Bags and backpacks should arrive in the Arab country between August and September.
Survey by the National Confederation of Industry shows a decline of the indicator that measures output and number of jobs in the sector’s companies. Businessmen are ever more pessimistic.
Last week’s balance sheet is the result of Brazilian exports of US$4.667 billion and imports of US$ 3.472 billion.
Financial institutions’ estimation for 2015 became more pessimistic. Last week, the forecast for the GDP’s contraction was of 1.5%, according to Brazilian Central Bank’s survey.
Acquaclub, from Limeira, entered Jordan’s market with its bikinis, cover-ups and flip flops. Now, the company is planning to go into the United Arab Emirates and Kuwait markets.
China’s State Grid Brazil Holding S/A made the winning bid at the energy auction held by the National Electric Energy Agency at the BM&F Bovespa exchange. The holding will supply 2,550 km of power lines.
Brazil’s economy stood virtually level from May to April. A Central Bank index shows a slight increase, at 0.03%, after two straight months of decline.
According to the international rating agency, the scenario in Brazil will go on influencing corporate results at least until halfway through next year.
Brazil’s Foreign Trade Association has revised its projections for this year and says imports could drop 20%.
The Central Bank reports that the amount of incoming US dollars in Brazil was higher than the outgoing sum of the currency from January through July 10th. Foreign trade was chiefly responsible.
The economy’s weak performance and tax incentives made revenues reach the worst result for a H1 in four years.
The number of Brazilian consumers with overdue debts increased in June from June 2014.
Watch in this episode: Businessmen from Tunisia and Morocco show their products at the Arab Brazilian Chamber booth at APAS, the São Paulo Supermarket Association fair.
