Browsing: Economy

In October, Brazilian foreign sales to the Arab countries totalled US$ 1.3 billion. Sugar, soy oil and iron ore were the products most exported.

The volume of Brazilian retail sales grew 0.4% in September this year, as against the previous month. The figures were disclosed on Friday (12) by the Brazilian Institute for Geography and Statistics.

The statement was made by Finance minister Guido Mantega. According to him, lower interest rates should be motivated by the controlled inflation, lower public spending and subsidies through the BNDES.

Randon group should total investment of US$ 118 million by the end of the year, to boost capacity by 8% to 10% and help support a possible expansion in demand next year.