Central government spending had a positive balance of R$ 34.3 billion from January to June this year, 28.3% less than in the same period in 2012, the worst result over the last three months.
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Quarter two results were damaged by the dollar hike. Net income was US$ 1.438 billion and the company delivered 22 business jets and 29 executive jets from April through June.
Foreign sales by the footwear company soared by 23% in quarter two this year. In quarter two, 2012, the company shipped out 7.8 million pairs.
The region’s GDP growth estimate has been lowered from 3.5% to 3%. Weak growth in Brazil and Mexico are partly to blame.
Brazil’s Foreign Trade has lowered the import tariff on front-end loaders, shovel loaders and backhoe loaders to 14%.
Net inflows to Brazil amounted to US$ 7.17 billion during the month. In the first half, inflows stood at US$ 30 billion, up 1%.
In the first half of the year, 54,500 foreign vehicles were sold in the country, 23% less than in the same period in 2012.
The balance between Brazil’s inflow and outflow of dollars generated a deficit of US$ 2.5 billion up to the 19th.
Foreign sales revenues amounted to US$ 5.3 billion. The balance of trade showed a US$ 558 million surplus.
A group of 200 Egyptians and Lebanese youths are in São Paulo this week for the missionary week, an activity prior to the World Youth Day. On Monday they walked the streets of São Paulo.
The article ‘Green tarmac wins roads,’ by journalist Isaura Daniel, is running up for the Brazilian Construction Industry Chamber Prize.
Financial institutions forecast growth of the Brazilian economy at 2.28% in 2013. The percentage represents a reduction over the previous estimate, which was 2.31%.
The clothing brand took photographs and shot footage of items in sites such as Petra and the Wadi Rum desert. Advertisements will start being aired in August in Brazil.
On this episode, Arab ambassadors visit São Paulo, project focuses on the Saudi Arabian market, analysis of Brazilian exports to Saudi Arabia, business in the Confederations Cup, interview with Ramkumar Menon, from Barakat International, and Rock in Rio.
