Agência Brasil* Brasília – The economy of the public sector (federal government, states, cities and state-owned companies) to honour their financial engagements and payment of interest on their debts, the so-called primary surplus, reached 18.712 billion reals (US$ 11 billion at current exchange rates) in April. In the same period of last year, the primary
Browsing: Economy
Agência Brasil* Rio de Janeiro – Brazilian oil company Petrobras announced yesterday (26), in an official press statement, the discovery of oil and gas in ultra-deep waters in the Central Gulf of Mexico, in the United States. The discovery was made via the Stones number 3 well, operated by Shell. Petrobras America Inc., a Petrobras
From the Newsroom* São Paulo – American Depositary Receipts (ADR), i.e. shares of Brazilian companies traded in the Nova York Stock Exchange (NYSE), reached a record high in average daily trades in the month of May, according to data disclosed today (27th) by consultancy firm Economatica. According to the manager at Economatica Latin America, Einar
This information was disclosed by Petrobras president José Sérgio Gabrielli. The project connects the cities of Senador Cañedo, in the midwestern Brazilian state of Goiás, to Paulínia, in the southeastern São Paulo. The total cost is approximately US$ 1 billion.
The inflow of foreign direct investment into Brazil reached US$ 12.7 billion in the first four months of the year. The sectors that received the largest volume of funds were the ironworks, banking, trade, mining and vehicle industries.
From the Newsroom* São Paulo – Brazilian aircraft maker Embraer signed a contract last week with ETA Star Group, from Dubai, for the sale of seven Embraer 170 with options for another three and purchase rights for another five aircraft. The value of the agreement, according to the company list price, is US$ 220.5 million,
From the Newsroom* São Paulo – Brazilian equipment manufacturer WEG, based in the state of Santa Catarina (S), is going to establish a manufacturing unit for electric engines in India. The announcement was made today (26th) by the company, which has recently opened factories in Dubai and Russia. In India, the unit will be located
Agência Brasil* Brasília – In the fourth week of May, from the 19th to the 25th, the Brazilian balance of trade showed a surplus of US$ 741 million. Exports totalled US$ 972.8 million and imports, US$ 787.5 million. In the accumulated result for the month, the surplus increased to US$ 2.960 billion and in the
A survey shows that 59% of the companies that cater to the luxury market in Brazil are originally domestic. Then come European companies, with a share of 23%. Last year, the segment posted revenues of US$ 5 billion in the country.
A survey shows that 59% of the companies that cater to the luxury market in Brazil are originally domestic. Then come European companies, with a share of 23%. Last year, the segment posted revenues of US$ 5 billion in the country.
The country expanded imports of chemical products from the countries of the Arab League by 201% between January and April this year as against the same period in 2007. The value of purchases totalled US$ 283.7 million, according to the Brazilian Chemical Industry Association.
The growth was recorded in the first three months this year compared with the same period in 2007. The hub posted revenues of US$ 6.8 billion from January to March this year. The main cause was the expansion of the Brazilian market, according to the Superintendence at the Manaus Free Zone.
The Brazilian aircraft manufacturer announced yesterday (20th) orders for two Legacy 600s, one Phenom 100 and one Phenom 300, as well as the signing of a letter of intention for future purchase of two Legacy 500s and one Legacy 450, which are models still under development.
