Foreign sales of vehicles and agricultural machinery from Brazil were lower than in September of last year. Export revenues also dropped. In turn, domestic sales increased in September from August this year.
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A total of 141,501 people voted in the presidential elections, at voting machines set up in 89 different countries. The number is 63% higher than in the first stage of presidential elections in 2010.
Women’s clothing brand with 60-plus stores in Brazil has designed a Moroccan-inspired Spring collection. The items are inspired by desert landscapes, the colours of medinas and mosaics.
British company will extract gas by drilling through rocks in the Arab country. The project is worth US$ 730 million.
Production reached 2.89 million barrels of oil and gas per day last month, according to information from the National Agency of Petroleum.
The segment drove the 0.7% hike in Brazilian industry output in August from July. The survey was conducted by the Brazilian Institute of Geography and Statistics.
The negative foreign trade balance stemmed from US$ 19.617 billion in exports and US$ 20.556 billion in imports.
The foreign exchange flow showed a US$ 3.5 billion surplus in September, according to the Brazilian Central Bank. Year-to-date through September 26th, a US$ 2.86 billion surplus was recorded.
A ruling has been published in the Official Gazette allowing non-residents of Brazil to use bank accounts in the country to make investments in the Brazilian financial and capital markets.
The public sector deficit stood at US$ 5.93 billion in August. The US$ 4.1 billion year-to-date surplus falls short of the government’s target.
Brazil’s Finance minister Guido Mantega has announced that tax credits will be given to manufactured goods exporting companies as of October. The goal is to increase foreign sales.
Technicians from the International Monetary Fund claim the country is doing well economically, but must reduce dependency on oil and cut spending.
Six enterprises from Bahrain, Saudi Arabia and Emirates are in the World Economic Forum’s community of global growth companies, i.e. businesses that have exhibited above-average performance.
The Brazilian Central Bank has lowered its growth estimate for Brazil’s Gross Domestic Product this year to 0.7%. Previous estimate stood at 1.6%.
