The Brazilian aircraft manufacturing company posted losses of US$ 66.5 million in quarter one this year, which it attributed to higher income tax spending associated with the US dollar hike.
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The Brazilian mining company said its quarter one results suffered from the depreciation of Brazil’s real against the US dollar. Ore production hit a record during the period.
Accounts of central, state and local governments and state-owned companies register a primary surplus of R$ 239 million (US$ 81 million) in the month. But the positive result is lower than the one from March 2014.
The industry confederation index stood at 48.2 points in March, lower than the same month of last year. According to the research, a score lower than 50 means a decline. However, it improved over February.
Arab Brazilian Chamber of Commerce executive Tamer Mansour will explain the details of production in accordance with the rules of Islam and its potentialities, on May 27th in São Paulo.
In the Middle East and North Africa, the women population jumped two percentage points in active participation, from 20% in 1990 to 22% in 2013, but their presence in the economic field is world’s lowest.
The event will take place on May 5th and is open to the participation of interested companies. Opportunities in trade and investments will be presented to the Brazilians in attendance.
So said president Aldemir Bendine, who is set to complete the government-run oil company’s new strategy in 40 days. The corporation is also undergoing an administrative reorganization process.
The volume collected by the federal government in Q1 of 2015 dropped 2% over the same period of last year.
Brazil exported US$ 3.08 billion in goods and imported US$ 3.02 billion last week, with a US$ 58 million surplus. Foreign sales increased for finished and semi-finished goods.
The credit is part of an agreement between the Fund and the Arab country that provides for up to US$ 1.89 billion in loans. The amount has been released following a review of the country’s accounts.
The World Bank will grant US$ 1.5 million to support researches and actions to boost private investment in infrastructure in Brazil, according to the Ministry of Finance.
Foreign sales of wood panels also increased in Q1 but paper shipments dropped 3.5%. Revenue from sales of the three products stood at US$ 1.8 billion.
The index measured by the National Confederation of Industry was higher than March and reached 38.5 points. The sector, however, remains pessimistic.
