With a market value of US$ 296 billion, the Brazilian company has overtaken other giants like Microsoft and Chinese bank ICBC. In the Americas, the company is only behind Exxon Mobil and General Electric.
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The Brazilian mining company is interested in building an iron ore pelletization plant in the country. The enterprise and the government of the sultanate signed a lease contract for a plot in the Port of Sohar. The project still awaits approval from the company board.
From the Newsroom* São Paulo – Brazilian exports of footwear totalled US$ 646.5 million from January to April, representing growth of 3.2% in comparison with the same period last year. Foreign shipments totalled 67.4 million pairs, 4.4% more than in the first four months of 2007. The information was supplied by the Brazilian Association of
Armando Álvares Penteado Foundation, a higher education institution is going to take a group of 40 students to learn about entrepreneurial projects in the United Arab Emirates. The trip is scheduled for October.
The forecast is by the Brazilian Steel Institute and shows that consumption, currently estimated at 22 million tonnes a year, should reach 40 million tonnes by 2015. Steel production should reach 63 million tonnes by 2013.
The Brazilian graphic arts industry posted revenues of US$ 64.9 million from sales in the first quarter this year. Packages led exports. Growth was also recorded in imports, which rose 30.7% to reach US$ 82.1 million.
The Brazilian state-owned oil company produced 2.157 million barrels of oil and gas equivalent per day in the month of April. The volume represented growth of 5.1% over April 2007. Gas made a strong contribution to the performance, as its production increased 15.4%.
Agência Brasil* Rio de Janeiro – Retail trade sales grew 1.8% in March compared with the previous month, according to the Brazilian Institute for Geography and Statistics (IBGE). The sector posted a 2.3% rise in nominal revenues (absolute terms). According to the Monthly Survey of Trade, seven out of ten activities surveyed recorded growth in
Agência Brasil* Rio de Janeiro – Retail trade sales grew 1.8% in March compared with the previous month, according to the Brazilian Institute for Geography and Statistics (IBGE). The sector posted a 2.3% rise in nominal revenues (absolute terms). According to the Monthly Survey of Trade, seven out of ten activities surveyed recorded growth in
Revenues grew 2.4% in the first quarter this year over the same period of 2007. The increase was 1.5 billion reals (US$ 905 million). The interior of the southeastern Brazilian state boosted the performance, according to a survey by the Brazilian Micro and Small Business Support Service.
Agência Brasil* Brasília – The Bank of Brazil posted net profit of 2.3 billion reals (US$ 1.3 billion) in the first quarter of 2008. According to a report disclosed today (14th) by the institution, the result is 66.6% higher than recorded in the same period of 2007. Compared with the fourth quarter of 2007, there
Arab countries increased their exports to Brazil from US$ 1.7 billion, in the first four months of 2007, to US$ 2.9 billion between January and April this year. Rising oil prices have contributed to the expansion, but there were also greater purchases of fertilisers and inputs for their production.
