According to Euromonitor, expansion of urban life and the middle class, greater credit and more youngsters should make the country a greater consumer reference in Latin America by 2020.
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The investment of foreigners in shares in Brazil totalled US$ 8.7 billion. The value, from early this year to last week, is the highest since 1947, according to the Central Bank.
Nicolas Eyzaguirre, the director of the Western Hemisphere Department at the IMF, states that the growth forecast for the country should be revised up.
Emerging economies should grow faster than developed countries, according to an IMF report. The recovery of prices of agricultural products, that both regions produce, should help.
The volume of foreigners investing in Brazilian treasury bonds was record in September. They had 7.15% of the total, or 95.96 billion Brazilian reals.
The sector should receive US$ 47 billion by 2013, according to figures supplied by the Ministry of Mines and Energy. Brazil has 7,000 mines with extraction of ores like iron, gold, copper and zinc.
A research by YouGov.com shows that 48% of the Egyptians believe in the improvement of the conditions in their country. One third also said they suffered no losses with the economic crisis.
The Foreign Trade Meeting, to take place in São Paulo, should include a talk about exports to the Arab countries today. The speaker should be Rodrigo Solano, from the Arab Brazilian Chamber.
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.
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.
