Brazilian financial institutions see a 0.24% growth for the country’s economy this year. Last week, the estimate stood at 0.27%.
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An IMF delegation says the Arab country’s economy is growing and should perform well over the next few years. Growth, however, relies on iron ore prices and investments.
A thousand small businesses in Brazil will benefit from an agreement between Sebrae and the National Confederation of Industries. Priorities include machinery and equipment, chemicals and oil and gas, among others.
Brazilian people’s perception of the economy improved for the second month straight, according to the National Confederation of Industry.
The Brazilian mining company incurred US$ 1.437 billion in losses in quarter three this year, notwithstanding an increase in sales.
A maker of ceramic items in Brazil’s Minas Gerais state already has customers in Europe and the United States, and is setting her sights on increasing sales to other countries.
The country ranks 120th in the World Bank’s list of countries with the most ease of doing business. The survey measures aspects such as access to credit, to electricity, starting a business etc.
Revenues from taxes and contributions amounted to US$ 36.1 billion in September, an all-time high for the month. Tax revenues were up 0.92% from September of last year.
One day after reaching its highest price since May 2005, the United States currency was down 1.94% by closing time this Tuesday, selling for 2.47 Brazilian reais.
The Brazilian Air Force and Sweden’s aircraft manufacturer Saab have announced the signing of a contract for the purchase of 36 Gripen model units, plus training and technology transfer.
A higher rate is expected this year than the one recorded in 2013. In 2015, economic growth may accelerate to 3.9%, ‘if security conditions improve.’
Exports shrank and imports increased in week four from week three in October. The ensuing trade deficit was US$ 602 million.
Drilling at Santos Basin’s pre-salt layer discovered good quality oil in the Libra Field, which is operated by Petrobras in partnership with foreign companies.
Clothing brand State One, from Brazil’s Santa Catarina state, took its cue from the luxuriant Arab emirate to design its 2015 high summer collection. The items started hitting the market two weeks ago.
