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.
Browsing: Economy
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%.
Whoever takes office will need to put Brazil back on growth track. For such, they will need to invest in infrastructure, embrace sustainable development, increase legal safety, cut taxes and make reforms.
The Central Bank has maintained its forecast for the year. In the 12-month period ended August, credit was up 11.1%. The government’s credit incentive measures have prevented further decline.
