Financial institutions surveyed by the Brazilian Central bank believe that the benchmark interest rates will go up 0.5 percentage point in the next meeting of the Monetary Policy Committee and will close the year at 14.25%.
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Footwear company registered growth in exports revenues in H1 of this year. However, the volume shipped decreased. Sales were concentrated on South America.
The price of the North American currency closed the day in the highest level since 2003 at R$ 3.34, impacted by the reduction of the primary surplus target.
Founded by a Lebanese, Brasil Supermarket already has two stores in the Arab country, in the cities of Riyaq and Chtaura. The clients will find food, drinks and clothing from Brazil and even have services in Portuguese.
The pieces from the São Paulo-based brand Plié are shipped to two distributors in Lebanon. Besides the local stores, the products also go to eleven other Middle East and North Africa countries.
Decline in federal revenues due to economy downturn drove the government to slash estimation of the public sector’s surplus to 0.15% of the GDP in 2015.
The IBRD revised down its estimation on metals, agricultural products and the energy sector. Forecast for the average price of crude oil, however, went up from US$ 53 to US$ 57 per barrel.
The current account deficit stood at US$ 2.547 billion, below the Brazilian Central Bank’s forecast. The negative balance was 50% lower than the one registered in June 2014.
Dollar outflow overcame inflow up to 17th of this month, according to the Central Bank. Financial sector was responsible for the deficit.
The event will happen August 27th, in São Paulo, and will be presented by Ângela Martins, regional manager for Latin America of the National Bank of Abu Dhabi. The meeting is only for members of the Arab Chamber.
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.
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.
