The Brazilian federal government’s policy-making arm for international trade has slashed import rates on goods used in manufacturing textiles, lamps and herbicides.
Browsing: Economy
A report from the organization mentions the country as a reference, alongside Peru, Mexico, Argentina and Chile, but warns that Latin America remains one of the most unequal regions in the world.
A survey from the Brazilian Central Bank shows a slowdown from February. Year-on-year, there was an even bigger retraction at 2.7%.
The country posted a US$ 5.14 billion deficit year-to-date through April, down 27.5% from the comparable period in 2014.
Middle East Airlines – Airliban signed a purchase agreement for a Legacy 500, with an option for another unit. The plane is due for delivery by the end of the year and will be used in chartered flights.
The Gulf-based airline will have aircrew selection events in São Paulo and Rio de Janeiro, respectively on May 30th and June 2nd.
The stand-by arrangement has been extended for seven months, until December 31st, to allow more time for reforms implementation. The country has received US$ 1.15 billion from the Fund so far.
The volume of gas and oil produced in April by the company, in Brazil and abroad, reached 2.78 million of barrels of oil equivalent per day.
The UN agency believes transnational corporations (TNCs) will be more willing to invest from this year on, as a result of the expected rebound of the world economy.
A smaller number of consumers sought out credit last month in Brazil than in April 2014 and in March 2015.
President Dilma Rousseff said that the new stage of the project, set to start in June, will cover highways, ports, railways and airports.
In the second week of May, exports were higher than imports by US$ 676 million. Year-to-date, however, the country is running a deficit.
The Lebanese-born Nersin Chibli opened Café Chibli in the capital of Brazil’s Mato Grosso state. Lebanon-style non-percolated coffee and typical pastries and snacks are a hit with the locals.
A report from the European Bank for Reconstruction and Development mentions a rebound in agriculture, growing exports of high value-added goods and cheap oil and also makes projections for Tunisia, Egypt and Jordan.
