The financial operations tax should not affect foreign investment in the Brazilian productive chain. The government is only taxing funds coming into the capital markets and fixed income investment.
Browsing: Economy
In one of the largest gas discoveries this year, Repsol confirmed an estimated 1 bn to 1.4 bn barrels of oil equivalent of gas in the Gardón IV block, in the Gulf of Venezuela.
The average production of the Brazilian state-owned oil company was 2 million barrels a day in September. The volume represents growth of 5.6% over the same period last year.
The secretary general at the Arab Brazilian Chamber of Commerce, Michel Alaby, should give a talk to businessmen from Paraíba next Thursday (22). Admittance is free.
The 9th Datagro International Conference on Sugar and Alcohol should take place today (19) and tomorrow (20) in São Paulo. The theme of the meeting is the sector’s perspective for after the crisis.
Brazilian sales totalled US$ 105.9 million, which represented growth when compared to August. In the year, Lebanon is one of the markets that boosted purchases of the product the most.
The company has prepared on-line and on-site courses for small companies interested in selling their products on the foreign market.
Workshop ‘Get to Know the Arab Market’, promoted at the Arab Brazilian Chamber of Commerce offices in São Paulo, attracted businessmen from the food, building and electronics sectors.
In 2010, a television channel for Brazilians abroad will begin broadcasting. The initiative is of state-owned company Empresa Brasil de Comunicação, and Africa should be the first to have access.
Brazilian imports from Arab countries dropped due to reduced oil purchases. As a consequence of the high price of the commodity forecasted for 2010, though, sales should rise again.
São Paulo – Brazilian company Odebrecht has finished issuing US$ 500 million in bonds maturing in ten years, according to information published on newspaper O Estado de São Paulo this Thursday (15th). The rate of return was 7.25%. Rating agency Standard & Poor rated the issuance BB, and the Fitch agency rated it BB+. The
The Bank of Brazil has collected US$ 1.5 billion abroad. The operation was promoted on Tuesday (13th).
Brazilian foreign sales of chemical products returned to US$ 1 billion in September, a figure not obtained since October last year.
According to figures supplied by the Ministry of Labour, the sector showed the best performance in terms of job generation in Brazil in September.
