Browsing: Economy

Out goes Kassab, in goes Haddad and São Paulo will go on being governed by a Lebanese descendent. The mayor-elect, a son to an immigrant father, has worked in trade before pursuing an academic career.

The Brazilian state-owned oil company Petrobras produced 2.2 million barrels per day in September, a lower volume than in August. Year-to-date, output declined by 1%.

MKKD Partners unearths investment opportunities in Brazil and presents them to Arab governments, which pass them on to businessmen interested in doing business in the country.

The leading footwear exporting company in Brazil posted revenues of US$ 43.2 million in Q3, favoured by exchange rates. The price of exported products in Brazilian currency was up.

A survey conducted by the Brazilian Federation of Banks shows that the industry expects the economy to pick up in 2013. The GDP growth projection is 1.5% this year and 3.9% next year.

Paper company posted US$ 118 million in net export revenues in quarter three. The increase was mostly due to improved exchange rate conditions.