The Brazilian public sector posted a US$ 1.3 billion surplus in June, down from the result of the same month in 2011. The sum did not suffice to cover interest on the debt.
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In the first half, there were 32 mergers and acquisitions in the business services sector, according to KPMG. Of those, 21 consisted of foreign-capital companies purchasing Brazilian ones.
Projections by analysts are for the economy of Brazil to grow 1.9% this year. Next year the estimate has dropped from 4.1% to 4.05%.
The cosmetics company’s presence is growing in foreign countries. In the second quarter, the number of consultants reached 280,000, and the net revenues they earned accounted for 10.8% of total revenu
The footwear company posted 222 million reals in revenues from foreign sales. The figure is equivalent to US$ 119 million, a 27% increase. The strategy is to export higher value-added shoes.
In the balance of the Growth Acceleration Programme, the Federal Government states that perspectives are uncertain, but that the economy of Brazil has started recovering its vigour.
Cooperative Cia do Lacre, based in Brasília, makes purses, belts, hats and clothes using aluminium can lids. Monthly production is 2,000 items, which are all sold to foreign countries.
The Brazilian institution will start the first edition of a census of foreign capital in the country. Enterprises in which foreigners own direct stakes are required to submit a statement.
The loan, pending approval from the fund’s executive board, is intended to provide backing to the Jordanian government’s reform program, giving the country financial ‘breathing room’ for three years.
Cateringpor, a subsidiary of the Portuguese company, started serving meals prepared according to Islamic regulations. The company from Dubai started flying to Lisbon on the 9th.
Nightgowns and pyjamas by Yasmin Lingerie, a company based in Nova Friburgo, are shipped to the two cities. The items sold to the region are in the more sensuous end, with golden and silver ornaments.
Foreign direct investment in Brazil reached US$ 6.3 billion on Friday and may exceed US$ 7 billion by the end of the month.
Consumption during international travels reached US$ 1.6 billion in June. It is the lowest result for the month since 2010.
The Brazilian Central Bank president Alexandre Tombini has stated that economic growth will go on a new direction in the coming quarters, at an annualized growth rate of 4%.
