The result concerns the first two weeks of July. Year-to-date through July 11th, United States dollar outflows from Brazil have also exceeded inflows, by US$ 1.2 billion.
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Shipyard FS Yachts has sold five boats to the Arab country and is negotiating the sale of 36 others. The company produces 44 units per month and started selling abroad this year.
President Dilma Rousseff said the creation of the Brics New Development Bank and of a currency reserve fund for the bloc will benefit emerging countries.
Itallian Hairtech closed deals with Middle Eastern clients that amount to US$ 2 million. Brazilian industry will export to Egypt, Kuwait, UAE, Jordan and Saudi Arabia.
The event will take place in São Paulo next Sunday and on the following weekend, featuring cuisine, music, dancing and handicraft from 40-plus countries, including Arab ones.
Brazilian exports grossed US$ 4.869 billion and imports amounted to US$ 5.109 billion, resulting in a US$ 240 million deficit.
Sales to the region increased for the first time this year, exceeding US$ 1 billion. The performance was driven by sugar, iron ore and chemicals.
Exports by Brazilian footwear companies were up 3.5% June-on-June, following three straight months of decline. In the first half, however, sales were down 2.6%.
Rating agency announced it has kept the country’s sovereign credit rating as BBB with a stable outlook. This means there should be no short-term changes.
Brazil’s Apis Vida is obtaining a halal certificate and is interested in selling to countries such as Saudi Arabia, Morocco, Libya and United Arab Emirates.
A new federal government website should cut down export- and import-related spending by businesses by approximately US$ 22 billion in the medium term, according to the Ministry of Development.
The daily average was up 17% in the first four business days of July from the average in July last year, according to Brazil’s Development Ministry. Foreign sales of semi-manufactured goods grew the most.
Brazil produced 2.721 million barrels of oil equivalent in May, including 2.189 million oil barrels and 84.5 million cubic metres of gas.
Financial organizations revised down the Brazilian economy estimate for 2014. It moved from 1.10% to 1.07%. This is the sixth consecutive reduction.
