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.
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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.
The variation was recorded in quarter one, 2012 as against quarter four, 2011. Industry drove the performance with a growth rate of 1.1%.
The airline had revenues of US$ 1.25 billion in the second quarter of 2012. The growth was boosted by code share agreements and partnerships that increased the number of passengers served.
An increase in foreign prices of basic products took place in the first half. In June, prices went down 1.4%.
Over 340,000 automobiles and light commercial units were sold, an increase of 24% compared with May and 19% compared with June of last year.
The funds are provided for in an agreement signed in 2010, which covers a total of US$ 117 million. The Fund has praised the country’s economic management, in spite of drought and foreign crisis.
Shipments generated little over US$ 19 billion, 18.3% less than in the same month last year. Imports dropped 3.7% in the same comparison.
The financial market is once again reducing growth forecasts for the Brazilian economy. The country should grow 2.05% in 2012, against 2.18% in the prior forecast.
Market studies on Saudi Arabia and United Arab Emirates are available on the Brazilian Export and Investment Promotion Agency (Apex) website. Documents include profiles and business opportunities.
