Mergers and acquisitions in the industry went from US$ 3.6 billion in 2007 to US$ 17.7 billion last year. Worldwide, they decreased by 61% in late 2008.
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According to the minister of Finance of Brazil, Guido Mantega, the meeting should result in the establishment of a fund to aid the world economy.
Motivated by the growing construction industry, the Arab country wants to go from its current 6 million tonnes a year to 15 million. Foreign companies are investing in the sector.
Brasília – The consolidated public sector, which includes the federal, state and municipal governments, registered a primary surplus (savings for payment of debts, including interest) of R$ 4.107 billion Brazilian reals (US$ 1.7 billion) in February. The figures were disclosed today (31) by the Central Bank (BC). In the first two months, the primary surplus
São Paulo – Brazilian airline TAM posted an operating profit of 725.2 million reals (US$ 311.2 million) last year. The figure represents growth of 67.3% over the 433.5 million reals (US$ 186 million) recorded in 2007, according to information disclosed by the company today (31st). Gross operating revenues went from 8.5 billion reals (US$ 3.6
The projection is by the Central Bank. According to the institution, with the slowdown in global activity, domestic demand is a contributing factor for economic stabilisation.
Economic measures approved by the National Monetary Council should cause banks to reduce their interest rates and simplify loans.
The company recorded a 65.2% increase in pulp sales in 2008. China greatly boosted exports by the enterprise, having answered to 82.5% of total sales.
President Lula participated in the inauguration of the unit in Pernambuco, which received investment of 300 million reals. The mill should produce sausages and generate 1,500 direct jobs.
Brasília – The Brazilian trade surplus – exports minus imports – totalled US$ 619 million in the third week of March and US$ 1.041 billion in the entire month. The figures were supplied by the Brazilian Ministry of Development, Industry and Foreign Trade. Last week, exports totalled US$ 2.793 billion and imports, US$ 2.174 billion.
Navita, which develops software for corporate Websites and mobile telephony, is investing in internationalising its brand. After Latin America, the focus will be on the Asian and Arab markets.
Dentro D’água has sold to Italy, Greece, Ireland and the Emirates. After a period focusing on the domestic market, it wants to re-establish contact with old clients and conquer new importers.
São Paulo – The president at the Brazilian Development Bank (BNDES), Luciano Coutinho, said today (20) that the institution is going to provide a line of financing for company Aerolineas Argentinas to purchase aircraft from Brazilian state-owned manufacturer Embraer. According to Coutinho, the details are still under discussion, but he revealed that the loan is
The agreements signed yesterday refer to the construction of Abreu e Lima Refinery, in the state of Pernambuco, northeastern Brazil.
