Company’s net profit reached US$ 3.6 billion, lower than in the second quarter this year and in the third quarter of 2010. Still, a company executive said the cash flow has remained stable.
Browsing: Economy
A survey conducted by the Central Bank of Brazil among analysts has lowered the Brazil economy growth forecast for the sixth consecutive week.
Exports exceeded imports by US$ 1.57 billion last week, as against a US$ 543 million deficit recorded in the preceding week.
Furniture and electrical kitchen appliance manufacturer based in Minas Gerais, wants to earn 15% of its revenues from foreign sales by 2014. The Arab market is one of the targets.
The silo manufacturer posted revenues from foreign sales of US$ 13 million in the third quarter this year. Egypt is one of the company’s main target markets.
The Libyan provisional government prime minister, Ali Tarhouni, said the country should only sign oil exploration and production agreements after the elections, which are due eight months from now.
Brazil is in the 31st place in a ranking that evaluates brand strength of each country abroad. The study includes 113 nations.
The Apex has inaugurated an advanced base in Doha to support Brazilian companies interested in making use of opportunities for the 2022 World Cup.
Businessmen participated on Thursday (10) in seminar Target Market: Middle East, in São Paulo. The event showed opportunities for the food, building, fashion and service sectors.
IMF director Christine Lagarde used the expression while discussing the risks facing the world economy. Minister Guido Mantega ensured that the country can ‘neuter’ the effects of the crisis.
National Confederation of Industries survey points out that 30% of Brazilian industries are still feeling the negative effects of the financial crisis of 2008 and 2009.
Despite small when compared to the volume of Brazilian leather exports, sales of the product to the Arab world grew 24% up to October. Shipments to the region totalled 451 tonnes.
The International Monetary Fund managing director, Christine Lagarde, urged multilateral action to fight economic woes, including stricter financial system regulation.
The Brazilian outflow of dollars was greater than the inflow in October, according to the Central Bank. The balance was US$ 134 million negative.
