This Wednesday, the company announced the discovery of a heavy crude reserve in the post-salt layer of the Basin of Espírito Santo.
Browsing: Economy
The company, one of the main children’s garment exporters in Brazil, started selling to Bahrain and Qatar. Shipments to the Middle East grew on average 20% in three years.
The National Confederation of Industry believes that the Gross Domestic Product (GDP) of Brazil should grow 2.1% this year. The prior projection was 3%.
Foreign sales from the country reached US$ 5.36 billion last week. Daily average figures were up 1.2% as against July 2011 and up 10.8% as against June 2012.
Activities were resumed in eight regional airports in the Arab country. The sector will also receive investment, according to a government announcement.
The country topped foreign direct investment (FDI) in the region by far in 2011. The total invested in the country was up 37% from 2010, as against 16% for the continent as a whole.
Brazilian issues of bonds in foreign markets consisted mainly of fixed income. In June, the volume was US$ 3 billion.
The flow of foreign direct investment amounted to US$ 1.5 trillion in 2011. The increment should be smaller this year.
According to the managing director of the International Monetary Fund, the forecasted growth in the Brazilian economy, to be disclosed in the near future, will be below the previous estimate.
The industry of the Arab country received US$ 934 million in investment in the first five months of this year, according to official figures. Most of the funds went to the eastern region.
Production was slightly above 2 million barrels per day in May. Production of natural gas saw an increase.
Last month, 274,000 units were manufactured, 2.6% less than in May and 7.6% down from June 2011.
The 780-kilometre train line will cost US$ 1.5 billion. Through it, the Brazilian mining company intends to carry the coal it extracts in the African country.
Cosmetics brand Mix-Use, based in the state of Rio Grande do Sul, wants to start exporting. The main target is Latin America, but the company has contacts and has shipped samples to the Middle East.
