USA grain supply issues will likely cause the country’s meat output to decline, opening up market share for meat packer Minerva and for Brazil as a whole, especially in the Middle East.
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A research by FGV for the Ministry of Tourism shows that companies in the area had revenues of R$ 51 billion in 2011. In the first half of this year, there was growth of 10%.
The country exported the equivalent of US$ 4.91 billion last week, averaging at US$ 982 million per day, and up 0.2% from the average for the first two weeks of August.
The airline is accepting entries to choose a name for a mascot which will be given away to children on its flights. The winner will receive tickets to Dubai.
According to a survey of the industry by the Brazilian Ministry of Development, Industry and Foreign Trade and covering January to July, the decline in revenues was caused by lower demand and prices.
Level of Family Expectations dropped from 68.5 points to 68.2 points from June to July. The index measures perception of the population regarding the country’s economy.
The advance was 0.75% over May and 0.99% over the same month in 2011. In the second quarter as a whole there was growth of 0.38% over the first three months of the year.
The Kuwait Petroleum Company transport subsidiary plans to acquire eight vessels to renew its fleet.
The combined returns of 316 Brazilian enterprises reached US$ 13.3 billion in quarter two, as against US$ 25.1 billion in quarter two last year. Only 10 out of 24 sectors surveyed saw profits rise.
The recommendation is by the IMF, which disclosed information about the local economic situation. The institution evaluates that the country managed to reduce drought effects and increase revenues.
Products by the company Jomar Botões are slowly gaining space in foreign markets. The company first exported to Chile, and now is selling to the United States as well.
Brazilian exports of the product to Saudi Arabia were up year-to-date as of late July. The Arab country imported shoes at prices 7% higher on average.
Christine Lagarde will arrive in Cairo next week. According to the institution, the reason for the visit is the ‘support’ the Fund has provided to the country during the transition process.
Exports grew 0.29% from January to July, whereas total Brazilian shipments in the period dropped 1.6%. Lower product prices reduced the growth.
