Export revenues exceeded imports by US$ 2.365 billion last month. Year-to-date, the trade balance still shows a US$ 2.4 billion deficit.
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Brazilian industry sales went from US$ 29.9 million in Q1 last year to US$ 34.3 million in Q1 this year. South America and Africa were the top buying regions.
May’s result was the worst for the month since the beginning of the historic series, in December 2001. In the twelve-month period, primary surplus amounts to 1.52% of the GDP.
For the fifth time straight, financial institutions have revised down their Brazilian economic growth estimates for 2014, to 1.10% to 1.16%.
The BB is launching a sharia-compliant fund in partnership with a Singapore bank. Brazilian companies’ shares will be traded in the Middle East and Asia.
Premium buggies manufactured in the Paraná state capital even have air conditioning. The company began exporting last year, and 70 units should be shipped to the Arab country by the end of 2014.
Country needs a growth rate of such a level to face the economic difficulties in 2015 and 2016, according to the minister of Finance, Hakim Ben Hamouda.
Decrease was caused by smaller contribution of taxes and stimulus packages offered by Brazilian government to companies.
GDP is estimated to grow by 1.6% in 2014. Previous forecast showed an increase of 2%. Smaller growth in agriculture and decline in industry are expected.
Tabita exports to the Emirates and Kuwait. Company manufactures women’s shoes and invests in a mix of design and comfort to increase sales to the Gulf markets.
The Abu Dhabi-based airline is acquiring a 49% stake in the Italian government-owned company. The deal is now pending approval from regulators.
So said the minister in chief to the Secretariat General of the Brazilian Presidency, Gilberto Carvalho, referring to urban mobility projects left unfinished.
Foreign direct investment from the region grew 65% last year, according to the Unctad. Trend should continue.
In the third week of June, Brazilian exports amounted to US$ 4.334 billion while imports stood at US$ 3.749 billion.
